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by Chester Perry
Wed Feb 28, 2024 12:05 am
Forum: The Bee Hole End
Topic: ALK’s Strategy: Are We Witnessing A Failing Experiment?
Replies: 215
Views: 8264

Re: ALK’s Strategy: Are We Witnessing A Failing Experiment?

Hadn't realised that borrowing from a club not included in leverage %, seems a little odd. It could be wrong but I seem to remember there was something to do with the time frames imposed on the borrowing in terms of when it came on stream, ALK's borrowing from the club was staggered - either way th...
by Chester Perry
Tue Feb 27, 2024 10:42 pm
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

I have not listened to this yet but is should be a good one (given the track record) UP376 Too Big To Fail? Man City and the legal fight that could change the Premier League forever https://www.unofficialpartner.com/podcast/episode/80256746/up376-too-big-to-fail-man-city-and-the-legal-fight-that-cou...
by Chester Perry
Tue Feb 27, 2024 9:56 pm
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

Martin Samuel resurrects a theme that Miguel Delaney used nearly 4 years ago (https://www.uptheclarets.com/messageboard/viewtopic.php?f=2&t=48329) it is an unwritten rule of modern football from The Times Brighton could go down one day soon – they are that good Roberto De Zerbi’s club are experts at...
by Chester Perry
Tue Feb 27, 2024 9:47 pm
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

Oh to be a fly on the wall

from The Times

Premier League will meet 777 Partners to discuss Everton takeover
League will hold face-to-face talks with Miami-based group, who have been waiting for approval to purchase Farhad Moshiri’s stake in club since September

https://archive.ph/P6j5j
by Chester Perry
Tue Feb 27, 2024 6:06 pm
Forum: The Bee Hole End
Topic: ALK’s Strategy: Are We Witnessing A Failing Experiment?
Replies: 215
Views: 8264

Re: ALK’s Strategy: Are We Witnessing A Failing Experiment?

Just to be clear, it not carrying interest and the fact it can be called in at any time are unrelated. The only likely time it would be called in against ALK's wishes are if the club went into administration (and I would be surprised if much cash came out of that). as always thank you for the clari...
by Chester Perry
Tue Feb 27, 2024 5:01 pm
Forum: The Bee Hole End
Topic: ALK’s Strategy: Are We Witnessing A Failing Experiment?
Replies: 215
Views: 8264

Re: ALK’s Strategy: Are We Witnessing A Failing Experiment?

that is how the media presented it but it is not true, there is a threshold as to how much leverage can be used, but the ALK deal as it has been exercised, could be repeated today in the same financial circumstances. This is how I reacted at the time on the MMT this looks like big news but I am not...
by Chester Perry
Tue Feb 27, 2024 4:28 pm
Forum: The Bee Hole End
Topic: ALK’s Strategy: Are We Witnessing A Failing Experiment?
Replies: 215
Views: 8264

Re: ALK’s Strategy: Are We Witnessing A Failing Experiment?

Vegas Claret wrote:
Tue Feb 27, 2024 4:25 pm
any thoughts as to why ?
not really
by Chester Perry
Tue Feb 27, 2024 4:27 pm
Forum: The Bee Hole End
Topic: ALK’s Strategy: Are We Witnessing A Failing Experiment?
Replies: 215
Views: 8264

Re: ALK’s Strategy: Are We Witnessing A Failing Experiment?

forzagranata wrote:
Tue Feb 27, 2024 4:16 pm
I read reports that leveraged takeovers would be capped at 65% of a club's value. Was the ALK takeover inside that limit?
The takeover valued the club at £202m - there was £65m borrowed from MSD and in this equation we have to ignore what was borrowed from the club.
by Chester Perry
Tue Feb 27, 2024 4:15 pm
Forum: The Bee Hole End
Topic: Making the league more even
Replies: 36
Views: 2369

Re: Making the league more even

With all the debate around the points deduction for Everton and some people saying it's right and some saying it's wrong, then I read the Ashley Westwood article about how draining it is fighting relegation constantly it's made me wonder how we could make the league more competitive and interesting...
by Chester Perry
Tue Feb 27, 2024 4:06 pm
Forum: The Bee Hole End
Topic: ALK’s Strategy: Are We Witnessing A Failing Experiment?
Replies: 215
Views: 8264

Re: ALK’s Strategy: Are We Witnessing A Failing Experiment?

The PL rules have already been changed. It's no longer possible to buy a club in the way that ALK gained control of Burnley. We are the last club that will ever be subject to this kind of leveraged purchase. People can draw their own conclusions over whether the fact that ALK style takeovers are no...
by Chester Perry
Tue Feb 27, 2024 4:03 pm
Forum: The Bee Hole End
Topic: ALK’s Strategy: Are We Witnessing A Failing Experiment?
Replies: 215
Views: 8264

Re: ALK’s Strategy: Are We Witnessing A Failing Experiment?

And what about the former custodians - did they serve us well accepting a leverage buyout? It would be better to demark 'Custodians' as a notionary title rather than a fact, it is difficult to determine the last time football, let alone a club had a true custodian in charge. I would say that the ma...
by Chester Perry
Tue Feb 27, 2024 3:09 pm
Forum: The Bee Hole End
Topic: ALK’s Strategy: Are We Witnessing A Failing Experiment?
Replies: 215
Views: 8264

Re: ALK’s Strategy: Are We Witnessing A Failing Experiment?

Yes, conversely to the point the debt and therefore the risk is on BFC, with no liability on ALK. Whilst the debt is serviceable they can continue to push the envelope in the hope of landing some successes, raising the value of the club and potentially sell the club to make themselves a tidy profit...
by Chester Perry
Tue Feb 27, 2024 3:05 pm
Forum: The Bee Hole End
Topic: ALK’s Strategy: Are We Witnessing A Failing Experiment?
Replies: 215
Views: 8264

Re: ALK’s Strategy: Are We Witnessing A Failing Experiment?

We know that the stadium and training ground (and I think another property) have been used as security against the loans right? from what I remember it is Turf Moor and Gawthorpe, but I believe it includes Turf Moor Gym and the car park on Harry Potts Way It is worth noting that: Turf Moor Turf Moo...
by Chester Perry
Tue Feb 27, 2024 2:31 pm
Forum: The Bee Hole End
Topic: ALK’s Strategy: Are We Witnessing A Failing Experiment?
Replies: 215
Views: 8264

Re: ALK’s Strategy: Are We Witnessing A Failing Experiment?

The million dollar question! I don't think anybody truly knows the amount of debt/number of loans etc that we currently have - I'd also like to know how they have financed them and what if any assets have been used as collateral. I'm sure CP and PaulWaine know more on this; though it is still somew...
by Chester Perry
Tue Feb 27, 2024 2:11 pm
Forum: The Bee Hole End
Topic: ALK’s Strategy: Are We Witnessing A Failing Experiment?
Replies: 215
Views: 8264

Re: ALK’s Strategy: Are We Witnessing A Failing Experiment?

I think healthy skepticism is the best approach. Would be nice for at least a little bit more transparency from ALK on these sorts of issues - heck, even filing the accounts on time would be a start. ALK/VSL have been late with filing club accounts once - and that was to the EFL last season - the p...
by Chester Perry
Tue Feb 27, 2024 8:04 am
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

More on that Everton appeal judgement and why Nottingham Forest have something to fear as their case is heard next week. The notion of vindication here is laughable, at best they has been a clarification and firming up of the general approach - the link to EFL precedent will be quiet a shock to a nu...
by Chester Perry
Mon Feb 26, 2024 10:40 pm
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

Some interesting stuff in this report, about the fears now held by other clubs - as well as snippets about what the appeals panel said the original panel got wrong from The Telegraph Spending rules chaos as clubs push for changes after Everton reprieve Premier League club are now five points clear o...
by Chester Perry
Mon Feb 26, 2024 9:45 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 12654
Views: 1225243

Re: ALK Capital or Farnell/Elkashashy takeover

Deja vu
Kettering Capital Comapnies House 2024 02 26.png
Kettering Capital Comapnies House 2024 02 26.png (88.2 KiB) Viewed 710 times
Calder Vale Holdings Comapnies House 2024 02 26.png
Calder Vale Holdings Comapnies House 2024 02 26.png (89.38 KiB) Viewed 710 times
by Chester Perry
Mon Feb 26, 2024 8:57 pm
Forum: The Bee Hole End
Topic: ALK’s Strategy: Are We Witnessing A Failing Experiment?
Replies: 215
Views: 8264

Re: ALK’s Strategy: Are We Witnessing A Failing Experiment?

seems like a few of you have had an interesting day on the finances if we accept that the last accounts showed a debt to club from Calder Vale Holdings Limited of £114.8m, and take away the £65m that ALK/VSL borrowed from MSD then transferred the debt and the responsibility to service it to the club...
by Chester Perry
Mon Feb 26, 2024 6:43 pm
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

I always get the impression initial points deductions are given with an acceptance that there will be an appeal and a reduction granted, so the first penalty is always high with the intention/hope the appeal will see the desired penalty actually given. So with the inevitable points reduction for Eve...
by Chester Perry
Sun Feb 25, 2024 10:02 pm
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

As the 8th anniversary of Farhad Moshiri's arrival approaches (this coming Tuesday) The Esk takes a look at how the problems at Everton can be resolved How Moshiri can end Everton’s paralysis now An assessment of Moshiri’s culpability in Everton’s position and a suggestion as to how he can partially...
by Chester Perry
Sun Feb 25, 2024 7:39 pm
Forum: The Bee Hole End
Topic: CARRY ON CRUMBLING.
Replies: 24
Views: 2612

Re: CARRY ON CRUMBLING.

Apparently theres a Middle Eastern prince or someone looking to buy a Prem or "big" Championship Club ... Rovers name has been mentioned along with Sheff Wednesday there have been years of conflicting reports about Bahrain's Royal Family's interest in buying into football - there have been acquisit...
by Chester Perry
Sun Feb 25, 2024 3:21 pm
Forum: The Bee Hole End
Topic: Have we all calmed down today!!
Replies: 54
Views: 2738

Re: Have we all calmed down today!!

The old fourth division was much more fun than this. Believe me. I agree but I think a lot of that had to do with the terraces, it was easy to have large groups together and enjoy it for what it was. Those groups also helped the atmosphere with their belligerence and gallows humour, often they woul...
by Chester Perry
Sat Feb 24, 2024 6:24 pm
Forum: The Bee Hole End
Topic: The most disappointing thing for me
Replies: 42
Views: 3080

Re: The most disappointing thing for me

helmclaret wrote:
Sat Feb 24, 2024 6:13 pm
I’d imagine they would agree to pay him until he gets another job.
Just be aware that if his new job pays less we would still have to pay the difference for the rest of his contract - and that goes for everyone else that would be potted with him, if it was to actually happen, which I doubt.
by Chester Perry
Sat Feb 24, 2024 11:18 am
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

Of course it is not just at the elite levels of Asian Football where costs are high and financial returns are poor here is Rory Smith again for the New York Times - the title reminds me of Brewsters Millions Want to Lose a Lot of Money, Fast? Buy a Small Soccer Team in England. The country’s lower l...
by Chester Perry
Sat Feb 24, 2024 11:12 am
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

we are well aware of the wealth of UEFA's Champions League - The only annual football competition to raise and distribute more revenue than The Premier League. And as FIFA continues it's drive to bring continents together with it's 32 team Club World Cup in 2025, where participating teams are believ...
by Chester Perry
Sat Feb 24, 2024 10:52 am
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

How German fans rode on the back of general political momentum to bring an end to Bundesliga ambitions for external (Private Equity) investment, crucially they included an element that modern politics demands, they made it entertaining for the casual observer from The Guardian ‘We won’t be remote-c...
by Chester Perry
Sat Feb 24, 2024 10:18 am
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

With all the different proposals being postulated in the last few weeks - there is actually very little publicly available documentation for fans to get hold of and read. In some cases such as Project big Picture and the European Premier League that may not be too surprising, but in the case of the...
by Chester Perry
Fri Feb 23, 2024 11:16 pm
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

I think I have posted about this before somewhere on this board

from The Independent

Premier League’s auditor awarded key contract related to independent regulator
Sources have expressed concern over a potential conflict of interest.

https://archive.ph/B5yWl
by Chester Perry
Fri Feb 23, 2024 10:29 pm
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

as football in England (and Europe's elite leagues) takes on more and more of American practices, the accessibility that was once considered the right of the ordinary fan has gradually dissipated, and that trend is only speeding up with ordinary fans given less seats proportionately each season. Suc...
by Chester Perry
Fri Feb 23, 2024 8:34 am
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

When fans are organised they can make the games authorities look ridiculous. Legia Warsaw's Ultras saw their section closed, by UEFA, to all but under 14's after some rather unsavoury activity for last nights game against Molde, they simply took over another section of the ground and revealed themse...
by Chester Perry
Fri Feb 23, 2024 7:58 am
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

Matt Slater's Business of Football column covers some familiar recent topics on this thread and rightly wonders why David Dean is sticking his oar into the Everton takeover from The Athletic David Dein lobbies for Everton’s 777 takeover, more ‘new deal’ rows – The Business of Football https://archiv...
by Chester Perry
Fri Feb 23, 2024 7:41 am
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

It may be what the clubs want but not what the football supporters want. German football fans are more proactive than most when they have a statement to make - certainly much more organised, as the regular unified protests across the Bundesliga have shown once again in recent weeks. This is one of ...
by Chester Perry
Thu Feb 22, 2024 10:25 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 12654
Views: 1225243

Re: ALK Capital or Farnell/Elkashashy takeover

Are they finally learning some of their obligations ALK Capital Ltd manage to submit their Confirmation statement on time - for the first time (and as expected there is no change https://find-and-update.company-information.service.gov.uk/company/12880549/filing-history It is worth noting that Confir...
by Chester Perry
Thu Feb 22, 2024 9:04 pm
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

Josimar Football with more tales of suspicious betting and 'friendlies arranged by third parties The murky world of betting and how the unscrupulous use it to their advantage Games of doubts More suspicious betting on friendlies, more fixed games and more outrage this winter amongst the clubs affect...
by Chester Perry
Wed Feb 21, 2024 8:09 pm
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

I have been posting about the problems created by the multi-club model for around 6 years now on this thread - why is it that FIFA an in particular UEFA among the other Confederations are just now sensing it to be a problem. In FIFA's case it's close relationships with and commercial dependency on t...
by Chester Perry
Wed Feb 21, 2024 5:52 pm
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

It may be what the clubs want but not what the football supporters want. German football fans are more proactive than most when they have a statement to make - certainly much more organised, as the regular unified protests across the Bundesliga have shown once again in recent weeks. This is one of ...
by Chester Perry
Wed Feb 21, 2024 2:53 pm
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

Be interesting to see if anyone pays that for Brentford. Of course, being in London and what not I understand the difference in property valuation but I wouldn't have thought Brentford (even with inflation) to be worth over 2x what Garlick ended up selling BFC for in 2020. Indeed, that is why is sa...
by Chester Perry
Wed Feb 21, 2024 2:44 pm
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

Brentford have reportedly been put up for sale at value that will be closely watch by many others including ALK/VSL - yes they have a certain level of Premier League stability though if the promoted teams were better they would be on much more of a struggle against relegation this season. They also...
by Chester Perry
Wed Feb 21, 2024 2:36 pm
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

Brentford have reportedly been put up for sale at value that will be closely watch by many others including ALK/VSL - yes they have a certain level of Premier League stability though if the promoted teams were better they would be on much more of a struggle against relegation this season. They also ...
by Chester Perry
Wed Feb 21, 2024 12:14 am
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

More wrongdoing at Barcelona and more FFP related payments to reduce their squad budget - this is what happens when you persistently seek to flex/stretch rules and cut corners. They will delay by appealing again (this has been running for four years already) but one wonders what practice they have ...
by Chester Perry
Tue Feb 20, 2024 11:58 pm
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

Another deeply interesting podcast from Unofficial Partner, this time it is an interview with Jason Stockwood co-owner of Grimsby Town and writer of a monthly football column in The Guardian - which usually gets a link from me on this thread In the podcast he talks briefly about this particular pie...
by Chester Perry
Tue Feb 20, 2024 10:01 pm
Forum: The Bee Hole End
Topic: Frequently used ‘modern day’ football terminology
Replies: 74
Views: 2197

Re: Frequently used ‘modern day’ football terminology

It is a sorry state of affairs but these are all now far to common place in modern football terminology Amortisation Multi-Club Operation UEFA Co-efficient Payments Parachute Payments Financial Fair Play Profit and Sustainability Rules Private Equity * (next to a teams name in a league table) Owners...
by Chester Perry
Tue Feb 20, 2024 9:46 pm
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

more problems for 777 and their prime source of funds from within their group AM Best Downgrades Credit Ratings of 777 Re. Ltd.; Maintains Under Review With Negative Implications Status https://news.ambest.com/NewsContent.aspx?refnum=256188&altsrc=23 https://archive.ph/K3vto Lifelong Everton fan Th...
by Chester Perry
Tue Feb 20, 2024 5:17 pm
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 9884
Views: 982377

Re: Football's Magic Money Tree

Another deeply interesting podcast from Unofficial Partner, this time it is an interview with Jason Stockwood co-owner of Grimsby Town and writer of a monthly football column in The Guardian - which usually gets a link from me on this thread In the podcast he talks briefly about this particular piec...
by Chester Perry
Tue Feb 20, 2024 1:30 pm
Forum: The Bee Hole End
Topic: Mission To Burnley Series 2
Replies: 62
Views: 3554

Re: Mission To Burnley Series 2

Most will be hoping for more religion in this one :D Indeed, those scenes of our great messiah going off into the wilds alone to to prepare himself for what was to come were truly inspiring - not quite the desert or hardship of traditional Biblical Scripture but for those now observing Lent the und...
by Chester Perry
Mon Feb 19, 2024 9:06 pm
Forum: The Bee Hole End
Topic: Is Relegation such a bad thing really?
Replies: 146
Views: 5280

Re: Is Relegation such a bad thing really?

the thing to remember is that Sean Dyche essentially had is final Burnley contract taken over by Everton - right down to the length of it The reports on his Everton deal all suggest circa £5m a year plus a £3.5m staying up bonus - could be crap but it appears widely accepted across the media https:/...
by Chester Perry
Mon Feb 19, 2024 8:38 pm
Forum: The Bee Hole End
Topic: Is Relegation such a bad thing really?
Replies: 146
Views: 5280

Re: Is Relegation such a bad thing really?

Call me cynical, a hater, etc. but not only do I doubt the club will ever see a penny of that back, I doubt that will be the final figure ALK owe the club before all is said and done. They're here to make themselves money, they're Wall Street financiers, historically Wall Street financiers don't ma...
by Chester Perry
Mon Feb 19, 2024 5:44 pm
Forum: The Bee Hole End
Topic: The £100 million
Replies: 89
Views: 3989

Re: The £100 million

Is the wage bill 30m though. 👀 I don't actually know I'm just interested but it seems quite a low figure that. Considering the improved contracts for some at the back end of last season and the signings this term. Then with the squad size itself. We must have a squad twice the size of Dyches (witho...