ALK Capital or Farnell/Elkashashy takeover

[ClaretTony]

Still seems like it’s some time off an announcement, if there’s a meeting today.

These things take time

Where's the suggestion of a meeting today come from?

[Newcastleclaret93]

Where's the suggestion of a meeting today come from?

I think Boden said it

[MACCA]

Woohoo page 94...

[Grumps]

Where's the suggestion of a meeting today come from?

Boden tweeted it, and I posted it on this thread

[Hedontplayforyou]

Woohoo page 94...

Yeeeeeeeeeehaaaaaaaaa

[MACCA]

I think Boden said it

Must be true then..

[onewillieirvine]

I think he gets most things right. Always good to have a fan looking after the clubs interests in the press.

[ClaretTony]

Boden tweeted it, and I posted it on this thread

I'm not saying there isn't a meeting of sorts today but I'm not sure it is a meeting finalising any sale of the club. I believe we are past that stage now and it is with external bodies.

[gandhisflipflop]

I'm not saying there isn't a meeting of sorts today but I'm not sure it is a meeting finalising any sale of the club. I believe we are past that stage now and it is with external bodies.

How far do you think we are from an announcement Tony?

[randomclaret2]

I'm not saying there isn't a meeting of sorts today but I'm not sure it is a meeting finalising any sale of the club. I believe we are past that stage now and it is with external bodies.

Do you have any time scale on how long that process may take Tony ?

[FactualFrank]

Do you have any time scale on how long that process may take Tony ?

I've heard it's now on the grass.

[2 Bee Holed]

I've heard it's now on the grass.

On the grass or touch and go?

[ClaretTony]

How far do you think we are from an announcement Tony?

Do you have any time scale on how long that process may take Tony ?

My info might not be correct, but I believe it to be. The only thing I can currently confirm is that it is snowing here.

I've no idea how long things take to be honest but I don't think they will be using Farnell for legal matters. Then any potential change of ownership which brings new directors will be required to pass the Owners & Directors test.

[randomclaret2]

Cheers Tony

[MRG]

Well I suppose we will see who knows what today. DJW reckoning short of last minute wrangling today is the day, CT’s info says we are some way off that stage with ODT still to be completed which can take some time.

[gandhisflipflop]

Well I suppose we will see who knows what today. DJW reckoning short of last minute wrangling today is the day, CT’s info says we are some way off that stage with ODT still to be completed which can take some time.

Well the ODT had better get a move on then, the transfer window is less than a month away.

[MACCA]

Well the ODT had better get a move on then, the transfer window is less than a month away.

Ahh you see, that's where we can play our trump cards,
Cork, Bardsley and Brady will all be back fit in 4 weeks time, they'll be like 3 new signings.

[gandhisflipflop]

Ahh you see, that's where we can play our trump cards,
Cork, Bardsley and Brady will all be back fit in 4 weeks time, they'll be like 3 new signings.

you forgot to mention the performance of Benson who, after 1 good PL appearance can do a job!

[ten bellies]

That's a stupid comment. The current Directors have ran it as a business for profit for the past 10 years.

Nothing stupid about my comment, only your well crafted response.

[Vegas Claret]

I just hope it goes through with enough time for them to get organised in terms of signings in January

[gandhisflipflop]

Well the NY markets have opened. Has anything been announced to the city? Can anyone ITK say? DJW?

[ten bellies]

Without knowing anything about their intentions, like the rest of us, why would you suggest they are potentially on an ego trip, why would you suggest we are in the sh1t? Where do you think we actually are now? We're going nowhere with a club that's in turmoil, key people not speaking to each other and absolutely no investment in the squad worth mentioning.

My speculation derives from what has happened in the past to other smaller clubs that have been sold. Some fans bemoan the lack of investment in the squad by the current board, who are clearly struggling to balance the books in the current climate. The only way to improve our situation on the field, is to improve the squad, which takes money. A lot of it. My view is there are two types of investor. Those that want to make money and those, such as Man City's owners, who want trophies at what seems any cost. If it is the former, then I believe we could be in trouble. Our present board at least have an emotional link to the club. Whoever comes into the club, more than likely, will not.

[ClaretTony]

My speculation derives from what has happened in the past to other smaller clubs that have been sold. Some fans bemoan the lack of investment in the squad by the current board, who are clearly struggling to balance the books in the current climate. The only way to improve our situation on the field, is to improve the squad, which takes money. A lot of it. My view is there are two types of investor. Those that want to make money and those, such as Man City's owners, who want trophies at what seems any cost. If it is the former, then I believe we could be in trouble. Our present board at least have an emotional link to the club. Whoever comes into the club, more than likely, will not.

This emotional link - is that the link that has caused impasse right across the club with people falling out or is it the desire to sell and make some money?

[gandhisflipflop]

My speculation derives from what has happened in the past to other smaller clubs that have been sold. Some fans bemoan the lack of investment in the squad by the current board, who are clearly struggling to balance the books in the current climate. The only way to improve our situation on the field, is to improve the squad, which takes money. A lot of it. My view is there are two types of investor. Those that want to make money and those, such as Man City's owners, who want trophies at what seems any cost. If it is the former, then I believe we could be in trouble. Our present board at least have an emotional link to the club. Whoever comes into the club, more than likely, will not.

Have a look at what city’s owners paid for them, and have a look at their worth now. If they were to sell they’d more than make their money back. Success increases the club profile and in turn increases the clubs worth and that’s not taking inflation into account. You’d very easily be able to increase Burnley’s worth.

[Hapag Lloyd]

Have a look at what city’s owners paid for them, and have a look at their worth now. If they were to sell they’d more than make their money back. Success increases the club profile and in turn increases the clubs worth and that’s not taking inflation into account. You’d very easily be able to increase Burnley’s worth.

Sheikh Mansour bought the club in 2008 for £210 million in a much publicised deal and has since accumulated annual losses of £535 million, excluding approximately £200 million on facility upgrades.

According to wiki

[BigChaCha]

For the last decade at least, we have been told by clubs, chairman, pundits and many more 'experts' that earnings from matchday and fans were nominal and a tiny part of the overall picture for a Premier League club...

Now, all of a sudden, because we have no fans at stadiums, it is a make or break part of a football club financially...

Something doesn't add up!

[claret2018]

For the last decade at least, we have been told by clubs, chairman, pundits and many more 'experts' that earnings from matchday and fans were nominal and a tiny part of the overall picture for a Premier League club...

Now, all of a sudden, because we have no fans at stadiums, it is a make or break part of a football club financially...

Something doesn't add up!

That can still be true. If matchday income accounts for 3% of your turnover (which could be classed as nominal) but your profit is 2% of turnover then you’ve got a problem when the matchday income disappears

[TVC15]

For the last decade at least, we have been told by clubs, chairman, pundits and many more 'experts' that earnings from matchday and fans were nominal and a tiny part of the overall picture for a Premier League club...

Now, all of a sudden, because we have no fans at stadiums, it is a make or break part of a football club financially...

Something doesn't add up!

It’s nearly 30% of total income for Arsenal and Spurs and more than £100m per club.
Manchester United have 15,000 corporate hospitality every single home game.

Loss of fans has a knock on effect to other revenue sources like sponsorship and advertising etc

For some clubs it is a massive part of their financial model - for Burnley less so but it’s still key for us because we operate within the margins and between £5m and £10m a year losses is still a pretty big number for us.

[scouseclaret]

You are making assumptions.

1. If they are buying all the shares to own 100% of the club, I know a lot of shareholders who have not been contacted.
2. Are they buying the club or are they buying shares from two directors?
3. Not sure but I think the £200m value might have been touted by Farnell's people.
4. Contacted Garlick? No, should I be doing?

When a takeover approach is made, the acquirer will usually go to the Board. The only time they will go directly to the shareholders is if it is a hostile takeover, which in this case is pointless as the Board own most of the shares. When an agreement is reached, the Board will make a recommendation to shareholders to accept the offer, but until that time there is no requirement for the acquirer to communicate directly with shareholders.

In the case of PLCs, it is compulsory to offer all shareholders the same terms. I think similar rules apply to private companies - they may even have the right to compulsorily buy your shares (somebody mentioned "drag & tag" rules) but I'm not comletely sure what the rules are.

[ClaretTony]

When a takeover approach is made, the acquirer will usually go to the Board. The only time they will go directly to the shareholders is if it is a hostile takeover, which in this case is pointless as the Board own most of the shares. When an agreement is reached, the Board will make a recommendation to shareholders to accept the offer, but until that time there is no requirement for the acquirer to communicate directly with shareholders.

In the case of PLCs, it is compulsory to offer all shareholders the same terms. I think similar rules apply to private companies - they may even have the right to compulsorily buy your shares (somebody mentioned "drag & tag" rules) but I'm not comletely sure what the rules are.

Thanks for that info. In terms of private companies, I've had my shares for not far short of 40 years now but thinking about it, although we've changed ownership, there has never been a takeover as such in that time. I've seen mention of drag & tag.

[BurnleyFC]

All the lights are on at the Turf.

Announcement imminent or wishful thinking?

[Grumps]

All the lights are on at the Turf.

Announcement imminent or wishful thinking?

The second

[ClaretTony]

All the lights are on at the Turf.

Announcement imminent or wishful thinking?

Nothing imminent - into next week now and a few more pages on this thread I assume.

[MACCA]

Nothing imminent - into next week now and a few more pages on this thread I assume.

Are you sure?

There's some posters who know all what's going on saying diffrent

I'm still confident, as Boden hasn't broke the news that it wont be done today...

[ClaretTony]

Are you sure?

There's some posters who know all what's going on saying diffrent

I'm still confident, as Boden hasn't broke the news that it wont be done today...

Can never be sure but I'm not expecting anything now.

[dpinsussex]

Nothing imminent - into next week now and a few more pages on this thread I assume.

Excellent news. Page 95 is imminent then ?

[ten bellies]

This emotional link - is that the link that has caused impasse right across the club with people falling out or is it the desire to sell and make some money?

Sounds like you have already made up your mind on that one.

[FactualFrank]

Page 100 tomorrow.

[Goobs]

95 95 nothing's happened
95 95 I say
95 95 nothing's happened
Doing business the Burnley way!

[FactualFrank]

Tomorrow...

[Juan Tanamera]

"Will you still love me tomorrow"
(I don't mean you personally).

[FactualFrank]

"Will you still love me tomorrow"
(I don't mean you personally).

Yes, of course.

Oh, you weren't talking to me.

[MRG]

I think It’ll get signed today, and there will be a press release about lunchtime to the city.

They might wait until tomorrow for the full media roll out.

All dependant on the last minute haggling as each tries to manoeuvre the other on signing day. Hence why a lot of sales/transfers don’t come through or are delayed. You wouldn’t believe the audacity of some people when your pens hovering above a signature line!

What you thinking DJW?

[Boss Hogg]

BS

[ClaretTony]

Sounds like you have already made up your mind on that one.

Not made up my mind on anything but I do know our club is in turmoil right now, has lost good people and will lose others if things don't change.

[ClaretTony]

Why would there be a press release to the city?

[Devils_Advocate]

There was a lad who used to post on here who I think worked as a physio in Manchester and did all the fitness tests for our new players.

He used to always be first and bob on with the insider info so its a shame he's still not about as I bet he knows exactly what is going down much better than all those speculating and acting like they are in the know

[Rileybobs]

Why would there be a press release to the city?

Erm, because DJW says there will be. But if it's New York then it could happen at any time because don't forget that NY is the city that never sleeps.

[MACCA]

There was a lad who used to post on here who I think worked as a physio in Manchester and did all the fitness tests for our new players.

He used to always be first and bob on with the insider info so its a shame he's still not about as I bet he knows exactly what is going down much better than all those speculating and acting like they are in the know

He might have also let us know just how long McNeil and Tarky were at the Leicester traing ground in the last window too.....

[Boss Hogg]

Only if it was being funded by a public quoted company as I mentioned earlier in the thread. It’s usual to meet overseas business partners in London particularly if flying into London airports. Too many on here suggesting they are in the know and they are not.