BURNLEY FC have repaid more than £5million to the administrators of director Brendan Flood’s property firm, it can be revealed.

Mr Flood, operations director at Turf Moor, made a £3.7million loan to the club from his Modus Ventures Limited holding firm before it collapsed last year.

But it has now emerged that Burnley have paid back more than £5million for the loans, which were due after the club was promoted to the Premier League last May.

KPMG, the Manchester-based administrator of property firm Modus Ventures, has said in a progress report that Burnley repaid £3.2million in August, shortly after it was called in.

It said Burnley had “disputed” the further £500,000, and that another unspecified amount was repayable this month.

The Lancashire Telegraph understands that club bosses paid administrators £2million last week, meaning they have repaid more than £5million for the initial £3.7million loan.

It comes after Burnley announced losses of £8.9million on a turn- over of £11.2million in November.

Elsewhere in KPMG’s Companies House report into Modus Ventures, the parent company of around 40 other property firms owned by Mr Flood, administrators predicted that one backer would lose around £20million in the collapse.

Bank of Scotland had bankrolled shopping centres built by Modus that were subsequently placed into administration.

In the report, KPMG said the bank, owed £23.7million by Modus, had recovered £2.9million.

However, it is unlikely to claw back much of the remaining £20.7million.

The report also said that administrators are likely to dissolve Modus Ventures once they have finished picking through accounts.

Mr Flood helped lead the search for a new manager after Owen Coyle’s departure from Burnley, finally appointing Brian Laws.

His Modus companies, based in Manchester, were behind shopping centres including the Grand Arcade, Wigan and Houndshill. in Blackpool.