Of course I forgot the Burnley Mint, stupid me.
ALK Capital or Farnell/Elkashashy takeover
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Re: ALK Capital or Farnell/Elkashashy takeover
Is your source this thread?conyoviejo wrote: ↑Fri Nov 27, 2020 5:09 pmRumour going around it's a 200 million deal ,done and dusted .
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Re: ALK Capital or Farnell/Elkashashy takeover
On the whind up, you more than likely no nowt like the rest of us
Re: ALK Capital or Farnell/Elkashashy takeover
Did somebody say 83?
Re: ALK Capital or Farnell/Elkashashy takeover
Let's ask another question.
Where would we be if the Board had not built up a substantial nest egg?
If they had spent the money on retaining the players that left last summer as Dyche seems to have wanted and brought in new ones as some have suggested.
I suggest, because of the unexpected impact of Covid, that we might be bust now, or in the near future.
Where would we be if the Board had not built up a substantial nest egg?
If they had spent the money on retaining the players that left last summer as Dyche seems to have wanted and brought in new ones as some have suggested.
I suggest, because of the unexpected impact of Covid, that we might be bust now, or in the near future.
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Re: ALK Capital or Farnell/Elkashashy takeover
Have any other clubs gone bust ?
Re: ALK Capital or Farnell/Elkashashy takeover
That's the same question. Ideally we'd be in a position whereby we had a lower cash reserve but a first team squad able to cope with the sale of its star assets when the need arose.
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Re: ALK Capital or Farnell/Elkashashy takeover
Yeeeeeeeeeeeeeeehaaaaaaaaaaaaaa
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Re: ALK Capital or Farnell/Elkashashy takeover
Due to the extreme differences in revenue between the Premier league and championship it is financial suicide to run a football club in the way Burnley are at this present momentHipper wrote: ↑Fri Nov 27, 2020 5:24 pmLet's ask another question.
Where would we be if the Board had not built up a substantial nest egg?
If they had spent the money on retaining the players that left last summer as Dyche seems to have wanted and brought in new ones as some have suggested.
I suggest, because of the unexpected impact of Covid, that we might be bust now, or in the near future.
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Re: ALK Capital or Farnell/Elkashashy takeover
What's that, Top? Looking to transfer ownership to people who have more money to spend ("invest," if you like) than the existing owners?Top Claret wrote: ↑Fri Nov 27, 2020 5:40 pmDue to the extreme differences in revenue between the Premier league and championship it is financial suicide to run a football club in the way Burnley are at this present moment
Sounds like "financial suicide" not to take the steps MG/the board is taking from my view point.
UTC
Re: ALK Capital or Farnell/Elkashashy takeover
Possibly 5 points better off with far less risk of going down, possibly with 2 or 3 players developing into top quality players meaning we wont need to invest as much in the near future when a few of the older pros move on, or we end up making substantial profits on the players brought in and can reinvest it into the team.Hipper wrote: ↑Fri Nov 27, 2020 5:24 pmLet's ask another question.
Where would we be if the Board had not built up a substantial nest egg?
If they had spent the money on retaining the players that left last summer as Dyche seems to have wanted and brought in new ones as some have suggested.
I suggest, because of the unexpected impact of Covid, that we might be bust now, or in the near future.
Who knows, but it's been nothing short of negligent in recent windows.
Let's hope it doesn't come back to bite us in the backside, and the Americans are here sooner rather than later, and save us!
Last edited by MACCA on Fri Nov 27, 2020 6:00 pm, edited 1 time in total.
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Re: ALK Capital or Farnell/Elkashashy takeover
If covid hadn't arrived would Mr Garlick looked to have sold the club during the close season.
Re: ALK Capital or Farnell/Elkashashy takeover
I read today that the Russian dissident who got poisoned is calling for sanctions against Putin's close allies including Abramovich and Usmanov, who was involved with Arsenal. I wonder how Chelsea supporters feel about having that sort of person owning their club? I know it's completely different from what seems to be happening at Burnley, but there must surely be a line we don't want to cross regardless of the success on the field it might bring.
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Re: ALK Capital or Farnell/Elkashashy takeover
Sale been on the cards for two years given that’s when we put out a prospectus.onewillieirvine wrote: ↑Fri Nov 27, 2020 5:53 pmIf covid hadn't arrived would Mr Garlick looked to have sold the club during the close season.
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Re: ALK Capital or Farnell/Elkashashy takeover
If we accept the accuracy of reports that MG has been looking for new investor for over 2 years, I don't think it's unreasonable to think that MG and potential buyer(s) were looking to get something done over the summer - and then covid-19 came along and threw a "curve ball" into the plans.onewillieirvine wrote: ↑Fri Nov 27, 2020 5:53 pmIf covid hadn't arrived would Mr Garlick looked to have sold the club during the close season.
PS: Do you like the phrase "curve ball?" Are there other American phrases we can introduce into our posting. This mb has a full compliment of "Monday morning quarter backs" already. I look forward to other insights into how we can "turn a dollar."
UTC
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Re: ALK Capital or Farnell/Elkashashy takeover
American phrases, Gee, I guess not.Paul Waine wrote: ↑Fri Nov 27, 2020 6:08 pmIf we accept the accuracy of reports that MG has been looking for new investor for over 2 years, I don't think it's unreasonable to think that MG and potential buyer(s) were looking to get something done over the summer - and then covid-19 came along and threw a "curve ball" into the plans.
PS: Do you like the phrase "curve ball?" Are there other American phrases we can introduce into our posting. This mb has a full compliment of "Monday morning quarter backs" already. I look forward to other insights into how we can "turn a dollar."
UTC
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Re: ALK Capital or Farnell/Elkashashy takeover
If the Americans are now involved - expect our nick name to become something like the Claret Bears or Blue Vultures !
Re: ALK Capital or Farnell/Elkashashy takeover
Hopefully we will get the half time cheerleaders shaking their pompoms.
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Re: ALK Capital or Farnell/Elkashashy takeover
As long as they don't call it Soccer!!!!
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Re: ALK Capital or Farnell/Elkashashy takeover
Thanks CT - I just wondered if the covid had delayed any deal.
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Re: ALK Capital or Farnell/Elkashashy takeover
Hopefully Wild West shows at half time, lets see if there are as many snake oil salesmen in them to match the number on here.
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Re: ALK Capital or Farnell/Elkashashy takeover
Hope Bob Bradley never ends up involved with the new owners being from the USA or Brad Bobley for that matter
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Re: ALK Capital or Farnell/Elkashashy takeover
As a Green Bay Packers fan I would not be happy with a Bears tagNonayforever wrote: ↑Fri Nov 27, 2020 6:28 pmIf the Americans are now involved - expect our nick name to become something like the Claret Bears or Blue Vultures !
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Re: ALK Capital or Farnell/Elkashashy takeover
How on earth is there any evidence that our trajectory is downwards? It's just nonsense. Death by a thousand cuts? Finishing 10th last season, and now underway this season. Christ, some of you love unfounded nonsense.Sproggy wrote: ↑Fri Nov 27, 2020 3:10 pmOur trajectory under Garlick's stewardship is now downwards. Whatever strategy we had around player acquisition and transfer has been abandoned for cash in the bank and now that's apparently gone too. The last two or three (five, six?) transfer windows have been negligent in terms of the first team squad.
So, whatever the takeover brings, it will at least make a change from the death by a thousand cuts we're currently being subjected to.
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Re: ALK Capital or Farnell/Elkashashy takeover
I think it's a likely reality isn't it? Frozen season ticket prices are probably a thing of the past.... if people want more investment, then guess what, you'll have to chip in for it as well.
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Re: ALK Capital or Farnell/Elkashashy takeover
Hank
Chuck
Dick...
Chuck
Dick...
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Re: ALK Capital or Farnell/Elkashashy takeover
About 18 months ago, I posted, rather " tongue in cheek " a mock press release from our new 'merican owners, which I can't find ...
" A small rust-belt Town in Lancastershire, England that lost it's industry and jobs but still had it's Soccer team and it's pride ... Pennsylvania, Ohio, Michigan, they've felt your pain, Arkansas, Mississippi, Tennessee and Alabama this is where your Cotton used to go and to any American who ever " pulled for the little guy " anywhere, this is your team !! Now led by " Stone Cold " Sean Dyche, Burnley roster a number of Irish Internationals in their weekly fight against the big guys, think a AA minor-league Ball Club from Billings, Montana taking on the Yankees or the Red Sox every week !!! They've been to the brink and back, " THE BURNLEY CLARETS, " A team for the average Joe !! "
" A small rust-belt Town in Lancastershire, England that lost it's industry and jobs but still had it's Soccer team and it's pride ... Pennsylvania, Ohio, Michigan, they've felt your pain, Arkansas, Mississippi, Tennessee and Alabama this is where your Cotton used to go and to any American who ever " pulled for the little guy " anywhere, this is your team !! Now led by " Stone Cold " Sean Dyche, Burnley roster a number of Irish Internationals in their weekly fight against the big guys, think a AA minor-league Ball Club from Billings, Montana taking on the Yankees or the Red Sox every week !!! They've been to the brink and back, " THE BURNLEY CLARETS, " A team for the average Joe !! "
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Re: ALK Capital or Farnell/Elkashashy takeover
I think we have established that we are not like other Premier League clubs.
Maybe. Or maybe no cash for day to day running?
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Re: ALK Capital or Farnell/Elkashashy takeover
If you seriously think that we’d be bust now but for having a few quid saved up then fair enough. Realistically though you’re talking utter nonsense.
Re: ALK Capital or Farnell/Elkashashy takeover
Oh, say can you see by the dawn’s early light
What so proudly we hailed at the twilight’s last gleaming?
Whose claret stripes and blue stars thru the perilous fight,
O’er the ramparts we watched were so gallantly streaming?
And the rocket’s red glare, the bombs bursting in air,
Gave proof through the night that our flag was still there.
Oh, say does that claret blue banner yet wave
O’er the land of the free and the home of the brave?
Cricket field will pick that up in minutes and sing in unison
What so proudly we hailed at the twilight’s last gleaming?
Whose claret stripes and blue stars thru the perilous fight,
O’er the ramparts we watched were so gallantly streaming?
And the rocket’s red glare, the bombs bursting in air,
Gave proof through the night that our flag was still there.
Oh, say does that claret blue banner yet wave
O’er the land of the free and the home of the brave?
Cricket field will pick that up in minutes and sing in unison
Re: ALK Capital or Farnell/Elkashashy takeover
You know our current finances? I don't of course.arise_sir_charge wrote: ↑Fri Nov 27, 2020 7:17 pmIf you seriously think that we’d be bust now but for having a few quid saved up then fair enough. Realistically though you’re talking utter nonsense.
I'm thinking - still paying all wages, no income from matches, possible requirement to pay back money for cancelled overseas TV contract.
Re: ALK Capital or Farnell/Elkashashy takeover
Ohhhhh..... [ineligible mumblings for 20 seconds] ...BRAVE.....!bfcjg wrote: ↑Fri Nov 27, 2020 7:54 pmOh, say can you see by the dawn’s early light
What so proudly we hailed at the twilight’s last gleaming?
Whose claret stripes and blue stars thru the perilous fight,
O’er the ramparts we watched were so gallantly streaming?
And the rocket’s red glare, the bombs bursting in air,
Gave proof through the night that our flag was still there.
Oh, say does that claret blue banner yet wave
O’er the land of the free and the home of the brave?
Cricket field will pick that up in minutes and sing in unison
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Re: ALK Capital or Farnell/Elkashashy takeover
That's a stupid comment. The current Directors have ran it as a business for profit for the past 10 years.ten bellies wrote: ↑Fri Nov 27, 2020 2:24 pmMy biggest concern is the motive for wanting to buy Burnley Fooball Club. Are they trying to make money, or is it an ego trip. If it is the former, I believe we are in the sh1t.
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Re: ALK Capital or Farnell/Elkashashy takeover
A quick read of this thread will reassure you as we apparently have in excess of £200m of assets that the lawyer and Egyptian were lining up to strip.
On a serious note, we’d have easily raised money. It may have left us short on the field but to suggest we’d have gone bust is pure nonsense.
Sproggy has taken a little stick on this thread but the premise of what he is saying is right and I think I said something similar in the first few pages.
Our MO in the last ten years has been a sort of “next cab off the rank policy. Have the sellable asset but have someone ready in the squad to step in.
It’s that that we need to get back to so that when someone waves £40m at us for Tarks we can take it knowing we’ve our next budding star ready to step in etc etc.
If ALK can achieve that I’ll be happy.
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Re: ALK Capital or Farnell/Elkashashy takeover
I’m just as interested if not more so in what we may now look to do off the field.ClaretTony wrote: ↑Fri Nov 27, 2020 2:29 pmYou need to generate more to spend more. Last week we announced our latest lucrative sponsorship deal with a property developer from Padiham. I'm not knocking it but we are a Premier League club. You would hope we would become commercially a lot better than we are.
We could and should be far more aggressive in our marketing of the club. Founder members of the FL, nigh on 140 years of history at the Turf. There’s a lot for the Americans to work with and take advantage of.
I agree with CT. On the field, the last 8 years has been remarkable, but you only need to look at the club website, match day facilities and commercial dealings to name but a few areas to see how much work we have to do.
A shake up at boardroom level to the day to day operational running of the club has been long overdue.
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Re: ALK Capital or Farnell/Elkashashy takeover
Abramovich has absolutely nothing to do with a bloke getting poisoned...Erasmus wrote: ↑Fri Nov 27, 2020 6:04 pmI read today that the Russian dissident who got poisoned is calling for sanctions against Putin's close allies including Abramovich and Usmanov, who was involved with Arsenal. I wonder how Chelsea supporters feel about having that sort of person owning their club? I know it's completely different from what seems to be happening at Burnley, but there must surely be a line we don't want to cross regardless of the success on the field it might bring.
Re: ALK Capital or Farnell/Elkashashy takeover
You've obviously never had a pie at Stamford bridge.
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Re: ALK Capital or Farnell/Elkashashy takeover
No, but Abramovich is a very close associate of Putin, on both a personal and business level, and Putin has been involved in some very dark activities, not least of which is the poisonings in Salisbury. He is little better than a terrorist, and so anyone who has a close relationship with him must be a very dubious character.
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Re: ALK Capital or Farnell/Elkashashy takeover
As long as they keep winning I doubt they'll give a flying ****. Personally I go to watch a game of football and to support my team, not worrying about any unsavoury characters around. If I did I wouldn't support anybody because even we have some let's say controversial characters associated with us.Erasmus wrote: ↑Fri Nov 27, 2020 6:04 pmI read today that the Russian dissident who got poisoned is calling for sanctions against Putin's close allies including Abramovich and Usmanov, who was involved with Arsenal. I wonder how Chelsea supporters feel about having that sort of person owning their club? I know it's completely different from what seems to be happening at Burnley, but there must surely be a line we don't want to cross regardless of the success on the field it might bring.
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Re: ALK Capital or Farnell/Elkashashy takeover
This is all getting very Blackburn when the venkys came.claretonthecoast1882 wrote: ↑Fri Nov 27, 2020 8:18 amTime to lump on us winning the Champions League in 2022
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Re: ALK Capital or Farnell/Elkashashy takeover
Could not have worded it better. Dyche has been great. But so too have the board. We couldn’t have done it without either.dandeclaret wrote: ↑Fri Nov 27, 2020 9:26 amI don't understand the strength of disdain pointed towards the current board. A board that have delivered massive results for the club (Often put down to them being lucky, but it's at times like this I think of the Gary Player quote) over a period of years, improved the facilities for players and fans, increased the quality of the playing side, and delivered the most successful period in my lifetime. If they feel they have hit the ceiling that the very successful business model they have put in place can deliver, and are finding suitable owners to give the club a chance of evolving further and going forwards, then I would say we should be thanking them massively for their period as custodians, not be "Glad to see the back of them". I think that's disrespectful and hugely unfair.
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Re: ALK Capital or Farnell/Elkashashy takeover
Not unlikely. I imagine they will look at all commercial income. And when they realise a) they haven’t increased in years and b) they are the cheapest in the top two leagues, that is something they will definitely consider.
Obviously they need to factor in Covid, affect in wages in an already relatively poor town, ‘customer’ loyalty etc. But it’s not unlikely.
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Re: ALK Capital or Farnell/Elkashashy takeover
But we were going down under Howe remember.dandeclaret wrote: ↑Fri Nov 27, 2020 6:42 pmHow on earth is there any evidence that our trajectory is downwards? It's just nonsense. Death by a thousand cuts? Finishing 10th last season, and now underway this season. Christ, some of you love unfounded nonsense.
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Re: ALK Capital or Farnell/Elkashashy takeover
they could increase turnover by lowering the prices and filling the standscricketfieldclarets wrote: ↑Fri Nov 27, 2020 11:45 pmNot unlikely. I imagine they will look at all commercial income. And when they realise a) they haven’t increased in years and b) they are the cheapest in the top two leagues, that is something they will definitely consider.
Obviously they need to factor in Covid, affect in wages in an already relatively poor town, ‘customer’ loyalty etc. But it’s not unlikely.
Re: ALK Capital or Farnell/Elkashashy takeover
Page 84 coming to forum near you soon! And still silence.
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