immediately became serious contenders for a promotion play-off place during the 2000–01 and 2001–02 seasons. In the latter campaign, Burnley finished level on points with sixth-placed Norwich City, but missed the last play-off place on goal difference by one goal.[103] In early 2002, financial problems caused by the collapse of ITV Digital brought the club close to administration.[104] In 2002–03, Burnley ranked 16th out of 24 teams and reached the FA Cup quarter-finals, but were eliminated by Watford.[16] Ternent was sacked in June 2004, after the club narrowly avoided relegation with a squad composed of several loaned players and some players who were not entirely fit.[105] Steve Cotterill was then appointed as manager.[106] In 2006, Turf Moor and Gawthorpe were sold to Longside Properties for £3 million (equivalent to £4,620,000 in 2022[b]) to resolve the club's financial problems; chairman Barry Kilby owned 51 per cent of the company's shares, while Burnley director John Sullivan held the remaining 49 per cent.[107][108] In the 2006–07 campaign, Burnley went 19 consecutive games without a win between December and March. The sequence of draws and losses ended in April, when Burnley beat Plymouth 4–0 at home, and a short run of good form saw them finish comfortably above the relegation zone, ensuring they remained in the Championship.[109] Another run of poor results the following sea
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