Clarets chairman Barry Kilby will meet Ray Ingleby in the next few weeks to thrash out a working formula with Burnley's newest board member.
Ingleby was unanimously voted onto the Turf Moor board last night after being given the backing of Kilby, Clive Holt, Bob Blakeborough and former chairman Frank Teasdale, who is staying on as a director.
Ingleby won his board seat after increasing his shareholding by 2,500 shares at a cost of £500,000.
And Holt has also added to his stake by pumping a further six-figure fee into the Clarets' coffers.
Holt was allotted an undisclosed number of shares at last night's meeting when all shares purchased under the recently completed rights issue, including those bought by Burnley businessman John Turkington, were approved.
Turkington has not joined the board, although further new faces for the future can't be ruled out as Kilby steps up his bid to attract fresh investors.
"I hope to get some money in in the next few weeks. Everything has got to be geared towards getting out of this division," confirmed the chairman.
Kilby is looking to generate extra cash for manager Stan Ternent to spend in the transfer market ready for an all-out assault on promotion next season.
And the chairman hopes that with Ingleby - whose UK representative David Parry is likely to represent him at most board meetings - on-side the club will have some fresh ideas to help it run on a sounder financial footing.
Kilby added: "He's coming over in the first week in March and we'll have to sit down and and try and get some working relationship going.
"He's obviously younger than the rest of the board and I hope he will bring a new perspective to one or two of our problems, particularly on the commercial side."
With Ingleby having criticised Teasdale over his dealings in Ingleby's failed takeover bid for Burnley, there was a possibility that Teasdale would not sit on the same board as the America-based businessman. Teasdale did, however, say that he would support Ingleby's quest for a board seat if he took up his share rights.
And although Ingleby has bought up just over a third of the £1.4 million worth of shares he was entitled to, Teasdale is obviously prepared to work alongside him.
"I think the board has a nice balance about it, youth and experience," added Kilby.
With the long-running Ingleby saga now put to bed, the chairman is looking ahead to taking the club forward on and off the pitch.
"The crux is to get a business plan sorted and think how we can best spend this precious resource," he said.
Meanwhile, Stan Ternent's initial fears over Glen Little have been confirmed and he is planning without the winger for Saturday's visit of Reading.
And Little, who has picked up an abductor strain, may also miss the following weekend's game at Wycombe.
"He'll certainly be out this weekend and we'll take it from there. It's looking like a couple of weeks, although you never know with Glen," said Ternent, who has no other injury worries ahead of the Royals' clash.
Clarets defender Lee Howey was due to meet officials at Northampton Town today to iron out the terms of a permanent move to the Sixfields Stadium.
"They are talking to him today and hopefully something will be sorted out," added the Burnley boss.
Another defender who could be on the move from Turf Moor is youngster Gareth West, who is spending a second week with Third Division Rochdale.
But Phil Eastwood will not be loaned out to Unibond League Premier Division strugglers Chorley who were hoping that the striker could pep up their goal-shy attack.
Colne Clarets still have tickets available for their quiz between past and present Burnley players at Colne Cricket Club tomorrow night, start 7.30pm. Tickets, priced £1.50, are available from Alan Beecroft on 01282 864147.
Converted for the new archive on 14 July 2000. Some images and formatting may have been lost in the conversion.
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