Search found 5797 matches
- Sun Jan 17, 2021 12:27 pm
- Forum: The Bee Hole End
- Topic: Players laughing and joking at full time
- Replies: 79
- Views: 3990
Re: Players laughing and joking at full time
Jesus Wept.... File alongside Tyrone Mears not smiling on a team photo Robbie Brady not looking visibly upset when he got injured Chris Wood not being good because he's now got a gut In the absolutely unimportant, nonsensical, class. Can't believe you've missed Andre Gray not clapping enough.
- Sat Jan 16, 2021 1:31 pm
- Forum: The Bee Hole End
- Topic: Whisky Investment
- Replies: 9
- Views: 815
Re: Whisky Investment
Bear in mind that there are lots of additional costs as well as the original purchase. Storage costs, bottling, significant taxes and duty when it's bottled, etc
- Sat Jan 16, 2021 1:30 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
Thanks, CP. Good to be able to take a look at the links. I've run my calc on the MDS loan notes - on the assumption that the £80 million MSD have loaned to Southampton at 9.14% is linked to the two loan notes MSD issued on TISE (Guernsey). Assuming there is a link between the transactions, (and as ...
- Fri Jan 15, 2021 8:26 pm
- Forum: The Bee Hole End
- Topic: Burnley Utility XI
- Replies: 37
- Views: 1273
Re: Burnley Utility XI
You can probably date fans by their answers to this. My first instinct was Farrell, Branch and Monnington to be in there.
- Fri Jan 15, 2021 5:06 pm
- Forum: The Bee Hole End
- Topic: Quiz: London landmarks
- Replies: 14
- Views: 648
Re: Quiz: London landmarks
10, although a couple I got wrong were places I'd been to so should have done a bit better.
- Thu Jan 14, 2021 11:59 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
But surely the performance element is the responsibility of ALK now. If ALK fail, MG and JB will probably be worse off than if they did not sell at all. If the shares revert to them, they will be saddled with a debt-ridden Club, probably a championship club, with the 50million they had painstakingl...
- Thu Jan 14, 2021 12:14 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
- Wed Jan 13, 2021 7:29 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
Hi boatshed, thanks for asking the question. One or two others have asked the same. I don't find it "impolite." ... I remain... Exciting times UTC I think Pace being an experienced football man is somewhat over-egged. In a long career he's spent 18 months over a dozen years ago at a nascent MLS tea...
- Wed Jan 13, 2021 2:54 pm
- Forum: The Bee Hole End
- Topic: Football's Magic Money Tree
- Replies: 6091
- Views: 408113
Re: Football's Magic Money Tree
Everton also announced a partnership with a club today - a bit different, but still not a bad idea - Sligo Rovers https://www.evertonfc.com/news/1971159/everton-announce-sligo-rovers-partnership I wonder if this is a workaround on the work permit rules? Different rules apply to Ireland but I don't ...
- Wed Jan 13, 2021 12:38 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
I see that Southampton’s loan with MSD Holdings is ~ £80m with interest at 9.14% giving an annual interest charge of £7.2 million. Probably gives a flavour of what we may be looking at if the reported figures are correct.
- Wed Jan 13, 2021 12:36 pm
- Forum: The Bee Hole End
- Topic: Referee; Kevin Friend
- Replies: 46
- Views: 2197
Re: Referee; Kevin Friend
I think he got 2 big decisions wrong. I think in the current game it's a red card for Luke Shaw. I wasn't sure that VAR could go back to look at Yellow card offences. If Maguire's goal, was switched around, and it was Tarkowski attacking the ball like that and scoring that goal, I would be raging t...
- Wed Jan 13, 2021 11:34 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
Until they provide evidence and name sources then yes it is. I don’t get what you don’t understand about that. Dande actually sums it up very well in one of his earlier posts about the risks and opportunities but the focus on here is all about the money aspect which as yet is guesswork. This is fur...
- Wed Jan 13, 2021 11:32 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
Hi dsr, I imagine that the accounts for the accounting period to 30-June-2020 (or was it extended to 31-Jul-2020) will have been audited and signed by the old board well before any sale and purchase agreement was entered into for the transfer of 84% of the shares. I don't think the signing of the a...
- Wed Jan 13, 2021 11:27 am
- Forum: The Bee Hole End
- Topic: Perspective.....
- Replies: 34
- Views: 1521
Re: Perspective.....
We've to get to about? 37 points by May and even for SD that's going to be almost miracle proportions from where we are now. Yes, we're playing pretty well, especially defensively, but the front 2 look extremely flat and that's an issue in itself because we really don't get many goals from elsewher...
- Tue Jan 12, 2021 5:15 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
For those who've been mentioning Leicester as a good example of owners it's worth noting that they just borrowed money against next season's Premier League income
- Tue Jan 12, 2021 5:13 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
There's lot of theories about how much debt is the right amount of debt for a business. None is pretty rare as an answer.claretandy wrote: ↑Tue Jan 12, 2021 4:34 pmAn interesting point Slater made is paying interest payments isn't such a bad thing as it can be used to reduce your tax on profits.
- Tue Jan 12, 2021 4:34 pm
- Forum: The Bee Hole End
- Topic: Ai Scout App
- Replies: 59
- Views: 2737
Re: Ai Scout App
Thanks aggi. There are obviously some elements that might benefit us here. What I don’t understand though, is how this might benefit us financially, if at all. We may benefit as users but is the link between us and ALK and ALK with AI Scout, any part of the wider plan in respect of BFC or are we si...
- Tue Jan 12, 2021 4:28 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
But it appears anyone with decent contacts in finance could’ve done what they have done, used the clubs income to pay for their own shares. Piling all the risk on the club as they go. Your question was whether they had enough capital to buy a football club and the fact that they've bought a footbal...
- Tue Jan 12, 2021 3:42 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
Except for the small matter that we could no longer attend company meetings and vote! I agree though that it wouldn't have made any difference to this takeover. That wasn't to do with the restructuring though, that was due to an updated Companies Act which changed the rules on whether an AGM was re...
- Tue Jan 12, 2021 3:22 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
I've said before (and was widely derided for it) that any rights we had as shareholders were stripped away in the 2013 restructuring, although it would have made a great deal of difference anyway. I don't think it was anything to do with the restructuring, there was no real change in shareholders r...
- Tue Jan 12, 2021 2:51 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
- Tue Jan 12, 2021 2:50 pm
- Forum: The Bee Hole End
- Topic: Ai Scout App
- Replies: 59
- Views: 2737
Re: Ai Scout App
Any ideas on what these might be? I’m struggling to think of areas, outside of player recruitment, that could generate the significant sums of money that we may need to make investment worthwhile. I’m sure I’m missing any number of things but outside of the above, I’m struggling to see what sort of...
- Tue Jan 12, 2021 2:33 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
Do ALK even have the capital to buy a football club? I’d suggest not given the club is now effectively buying ourselves new owners at the cost of £150M plus the interest on top. So ALK have acquired 84% of the shares but who are ALK? surely it’s not just Pace and the other two people mentioned? bec...
- Tue Jan 12, 2021 1:14 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
Matt Slater is on for about twenty minutes here (from about 5 minutes in). https://podcasts.apple.com/gb/podcast/tifo-football-podcast/id1227699368?i=1000505041030 It doesn't give much over what has already been written but fleshes it out a little and he appears very sure of his sources. Personally ...
- Mon Jan 11, 2021 6:00 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
Of course they want to make a profit, but to do that they need to increase the value of their asset, which won't happen if we're relegated. Hi aggi, yes, interesting. I'd argue that everyone, yes, everyone that buys and owns a football club does it to make a profit. I'd also argue that every fan wa...
- Mon Jan 11, 2021 5:15 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
I think the mistake that many are making, in part prompted by some of the posters on this board, is that American private equity buys a football club for any reason other than to make a profit. I said somewhere way back when that Burnley FC and American private equity make strange bedfellows but I t...
- Mon Jan 11, 2021 12:42 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: Take over
Yes (taking into account contract length and amortisation).claretandy wrote: ↑Mon Jan 11, 2021 12:10 pmDo you think Tarky and pope are valued in the accounts the same as what we payed for them ? of course they aren't.
- Mon Jan 11, 2021 8:53 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
- Sun Jan 10, 2021 10:36 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: Take over
Don’t think anyone is doubting the loan, but the figures are inaccurate among other things. Isn’t the writer the bloke from the Farnell camp who told us the Egyptian deal was all but done? I’m not an expert on these matters, I don’t think I’ve even reached novice level, but got assurances from peop...
- Sun Jan 10, 2021 9:37 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: Take over
I’m assuming he means The Athletic. I’d agree with arise_sir_charge not to get worried by anonymous quotes. For what it’s worth I’ve spoken to a couple of independent people on this and both have said the report isn’t true and there is nothing to worry about. Which elements are not true? Some parts...
- Sun Jan 10, 2021 4:23 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
It's a rule inasmuch it's in the Articles of the company. They'd have to be amended to change it.claretandy wrote: ↑Sun Jan 10, 2021 8:31 amThe 4000 share rule isn't a rule as such, it was a self-imposed minimum you had to buy to get a seat on the board, it could be changed to any number.
- Sat Jan 09, 2021 1:20 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
The ultimate doomsday Not that realistic. There's a reason MSD have charges over the assets and that's to stop that kind of scenario. Any firesale would not benefit ALK. More generally, MSD haven't made that loan expecting to lose the money. They've seen the plans in detail and think there's a pret...
- Fri Jan 08, 2021 1:59 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
Anyone more in the know have a clue about the structure of this loan etc etc or what Alan Pace was actually alluding to when he said we’d be amazed at how they’ve done it ....? BenWickes? DJW? CT? Chester Perry? To name the ones I’m aware of sorry if I missed anyone or if you guys don’t want to div...
- Fri Jan 08, 2021 1:48 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
It pockets the board a lot more money. If that reserve was £1 the club would have sold for a lot less. If you're selling a business you want it to look a lot more healthy and profitable Not many people will buy a business struggling or losing money. That's a very simplistic layman's view. On that b...
- Fri Jan 08, 2021 11:39 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
it is an odd one - I wonder if ALK have secured other assets too - they are certainly making use of their Mormon network to get such high leverage on our club, you get the feeling that they have bet the ranch They do, I missed it when I skimmed through but the security is much more wide ranging. It...
- Fri Jan 08, 2021 11:29 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
A further thought. I can't see the loan security being worth anywhere near £80m (the ground and the training ground mainly). That suggests to me either a compelling business plan to service the loan or a smaller loan.
EDIT - the security is more wide ranging than this.
EDIT - the security is more wide ranging than this.
- Fri Jan 08, 2021 10:39 am
- Forum: The Bee Hole End
- Topic: SD press conference at 4pm
- Replies: 114
- Views: 6233
Re: SD press conference at 4pm
Not sure vaccinations would help. As I understand it, a vaccine doesn't stop you getting Covid, or stop you transmitting it. It just stops you getting ill from it. Better that vulnerable get vaccines than super fit athletes. They're still looking at exactly how it works. I think the current thinkin...
- Fri Jan 08, 2021 10:36 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
- Fri Jan 08, 2021 10:32 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
A few random thoughts: I note this wasn't written by Burnley's regular correspondent. It was by the vastly more experienced Matt Slater. It seems surprising that we had £50m in the bank as the takeover went through. We hadn't had any substantial player sales and there were the covid costs, it just d...
- Fri Jan 08, 2021 12:32 am
- Forum: The Bee Hole End
- Topic: SD press conference at 4pm
- Replies: 114
- Views: 6233
Re: SD press conference at 4pm
Sean makes great points about vaccinations for footballers being cheaper than continuous testing. Means greater payback for the system, NHS and things remaining competitive. Also I thought he looked dog rough - hope he's ok. The issue with the vaccinations though isn't one of cost, it's one of supp...
- Thu Jan 07, 2021 5:40 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
... I stand firm in my belief that borrowing money to fund transfers is just a very poor way to operate, ... I'm a little less decided on this. Without the Bosman ruling I'd say it definitely made sense to fund transfers through loans, as it stands now it is difficult to call. In theory it shouldn'...
- Thu Jan 07, 2021 5:31 pm
- Forum: The Bee Hole End
- Topic: 2.5 yrs after signing for Brighton.... Tau could play
- Replies: 16
- Views: 1521
Re: 2.5 yrs after signing for Brighton.... Tau could play
It was easier to get work permits in Belgium so Man U would place a foreign (non-EU player) in at Antwerp until he reached the level where he would qualify for a work permit here. I'm not sure how that would change but I don't know what the WP rules are now in the two countries. I don't believe it ...
- Thu Jan 07, 2021 5:01 pm
- Forum: The Bee Hole End
- Topic: 2.5 yrs after signing for Brighton.... Tau could play
- Replies: 16
- Views: 1521
Re: 2.5 yrs after signing for Brighton.... Tau could play
Man U used to do that with Royal Antwerp - Leicester do it too with a Belgian club, the one they put Pearson in to manage. All makes perfect sense to me and I think it is a matter of time before we do it. Based on the current work permit guidelines it's only really worth doing it with a team in one...
- Thu Jan 07, 2021 9:48 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
Don’t know whether your post has been lost Chester because it’s on this thread and the take over has now been completed? But surprised nobody has taken you up on this - Your saying that our level of turnover growth required to pay for the additional costs (both those out of our control eg Covid reb...
- Wed Jan 06, 2021 10:51 pm
- Forum: The Bee Hole End
- Topic: New desktop pc advice
- Replies: 18
- Views: 832
Re: New desktop pc advice
Technically, but all the stuff from the outlet store seems to be in as new condition and has a Dell warranty
- Wed Jan 06, 2021 6:50 pm
- Forum: The Bee Hole End
- Topic: Alan Pace live now on clarets player
- Replies: 148
- Views: 7916
Re: Alan Pace live now on clarets player
This thread has got me to thinking about what it is to be a supporter or a fan, as opposed to a consumer. A few posters telling others to 'suck it up', 'stop whinging and accept the new owners will maximise revenue streams', 'something for nothing culture', 'we are a PL club - contribute'. ... I th...
- Wed Jan 06, 2021 6:44 pm
- Forum: The Bee Hole End
- Topic: New desktop pc advice
- Replies: 18
- Views: 832
Re: New desktop pc advice
It's not a particularly good deal. You can get this https://m.dell.com/h5/m/r/outlet.euro.dell.com/Online/SecondaryInventorySearch.aspx?c=uk&cs=ukdfh1&l=en&s=dfh&sign=PXhcOSHtr1T4IOw%2fPR7UdYj4Z0lw3dev%2bm3byWEhUDwwW1PtwkSIXVZV7tWTdw9Win6x8tnnSB34YOmAYFRC8vb3EeoQTOpPsbbG9IhGog2kX3O5iIXS6eAYzVAy9Bo8d...
- Wed Jan 06, 2021 10:47 am
- Forum: The Bee Hole End
- Topic: Alan Pace live now on clarets player
- Replies: 148
- Views: 7916
Re: Alan Pace live now on clarets player
... With the debt presumably sitting on the club’s balance sheet (as a finance expert in an unrelated field I remain unsure how that can be allowed but that is by the by) I’d question how much exposure the owners themselves face in the event of relegation (a certainty at some point) and administrat...
- Tue Jan 05, 2021 9:31 pm
- Forum: The Bee Hole End
- Topic: Alan Pace live now on clarets player
- Replies: 148
- Views: 7916
Re: Alan Pace live now on clarets player
As I said elsewhere, this was the most interesting part for me: "The loans for this transaction are absolutely reasonable and in line with what can be supported by this club and will not take away from the club's ability to operate on a daily basis." I think it's the first admission that the debt fr...
- Tue Jan 05, 2021 6:57 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7620
- Views: 521674
Re: ALK Capital or Farnell/Elkashashy takeover
From Jack Gaughan - Daily Mirror ref today’s interview: Pace quote that didn’t get in: “They (MSD Holdings) have no equity and no decision-making power. If you’re going to buy a house, would you not use a mortgage? It’s about choosing the right building society. It’s how we operate. It makes sense ...