And around 7,000 Burnley fans will be watching Premier League football for free after Kilby pledged not to charge certain season-ticket holders to renew if they won at Wembley.
That promise will cost the club £2m in lost revenue but Kilby does not mind.
"I've no regrets on that," he said. "It's a reward for all our fans and actually, because of the new monies in the Premier League, it's not that big a percentage of our net revenues."
The Clarets' arrival in the Premier League takes the number of clubs from the north-west of England in the division to eight with Manchester United, Manchester City, Liverpool, Everton, Blackburn, Bolton and Wigan already there.
And chief executive Paul Fletcher told BBC Sport: "What we're more interested in at the moment is are we going to beat Blackburn, Bolton and the other local clubs?
"We haven't discussed the financial effect and what we're going to do with the money.
'A magical moment for Burnley'
"Normally we have to sell one player a year to survive and if we don't the directors have to put their hand in pocket, so the £60m will help stabilise the club and mean we don't have to do that."
Elliott, who curled the ball in from 25 yards after only 13 minutes, said: "It's far and away the best goal I'll ever score, probably.
"It fell nicely, I couldn't really strike it because it was turning a bit and it seemed to take a long time to go in."
And he conceded: "I think it will take a little while for it to sink in - but I'm delighted for all the lads."
Burnley's Robbie Blake, 33, promoted with Bradford in 1999, paid tribute to his manager: "To get where we are is a fantastic achievement, probably the best in my career.
"Owen Coyle deserves tremendous credit, he is so enthusiastic, he believes in us so much as individuals and as a team.
"We've played 61 games, had a cup run and now we've gone up at Wembley - it can't get any better.
"We had a couple of chances to finish it off - it would have been good to get a second goal but one was enough. We thoroughly deserve the victory.
"We had belief all week long we'd do it. We had confidence in our ability and we had the players to score goals at any moment - we've had it all season and come up with the goods again today."
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