ALK Capital or Farnell/Elkashashy takeover

[ClaretTony]

Sometimes Tony you do yourself no favours

Not sure what you are referring to and certainly don’t know why anyone should like your post

[mill hill claret]

Clearly but his report is not accurate in terms of staff having been informed.

Well we will find out next week ....

[ClaretTony]

Well we will find out next week ....

I’ve already posted. Something might have changed and it might go through next week but there is content in that article which is not accurate.

[mill hill claret]

Well if it goes through next week I'd say the article is very accurate

[MRG]

Not sure what you are referring to and certainly don’t know why anyone should like your post

Because we all see you bemoaning negative posts towards you then you post something will encourage such posts.

A professional football reporter will have reported in good faith based on his information that he has received. It appears that the people you have spoken to have a different take on things, it certainly doesn’t mean that he is categorically wrong and you are right. That’s the attitude that attracts negative comments towards you.

For the record I understand that this is signed and awaiting PL approval, my source may be wrong and yours could be right when they tell you that it’s been delayed. I know that neither you or I have contacts at the level to know 100% therefore we will just have to wait and see.

[ClaretTony]

Because we all see you bemoaning negative posts towards you then you post something will encourage such posts.

A professional football reporter will have reported in good faith based on his information that he has received. It appears that the people you have spoken to have a different take on things, it certainly doesn’t mean that he is categorically wrong and you are right. That’s the attitude that attracts negative comments towards you.

For the record I understand that this is signed and awaiting PL approval, my source may be wrong and yours could be right when they tell you that it’s been delayed. I know that neither you or I have contacts at the level to know 100% therefore we will just have to wait and see.

All I have said is the staff haven’t been informed and he is incorrect in that assumption. There will be senior staff who will know where the deal is in terms of progress admittedly.

I’m not going to say he’s got it right when I know he’s got something wrong.

[MRG]

All I have said is the staff haven’t been informed and he is incorrect in that assumption.

*Based on the few staff that you have spoken too, it is impossible for you to state that he is incorrect that no staff have been told. Obviously presuming you haven’t spoken to every member of staff at the club

[mill hill claret]

All I have said is the staff haven’t been informed and he is incorrect in that assumption. There will be senior staff who will know where the deal is in terms of progress admittedly.

I’m not going to say he’s got it right when I know he’s got something wrong.

How do we know certain members of staff have been informed ..but others haven't...maybe your sources are not in the loop?

[ClaretTony]

*Based on the few staff that you have spoken too, it is impossible for you to state that he is incorrect that no staff have been told. Obviously presuming you haven’t spoken to every member of staff at the club

Fine. I know what I know. I think finally I will stay off this thread.

[Quickenthetempo]

All I have said is the staff haven’t been informed and he is incorrect in that assumption. There will be senior staff who will know where the deal is in terms of progress admittedly.

I’m not going to say he’s got it right when I know he’s got something wrong.

The reporter, like most modern journalism didn't mention specifics. So nobody can prove it right or wrong.

I think they get taught by the psychic in Pheonix Nights.

[mill hill claret]

Fine. I know what I know. I think finally I will stay off this thread.

Why would you want to stay off this thread ??...football is all about opinions . No one is having a go .I'm really excited by all this takeover talk and think it could take us to the next level ...

[Billy Balfour]

I'm looking forward to it too, if it's ALK, but we'll know when we know and that's all there is to it.

[KRBFC]

I’ve never been in the know and have never claimed to be, however the information I have received is the deal was signed off last week pending PL approval which should be this week. I’m not sure where CT is getting the delay from unless he means PL approval delay?

[Steve-Harpers-perm]

Fingers crossed it is completed next week hopefully to go with an away win or two!

[MRG]

I’ve never been in the know and have never claimed to be, however the information I have received is the deal was signed off last week pending PL approval which should be this week. I’m not sure where CT is getting the delay from unless he means PL approval delay?

Exactly the same as what I’ve been told.

My ‘source’ is a club employee and is involved with the finance side of the club. The information that I sometimes get, is always spot on. If you check back through my posts on this thread they have proven to be correct on every occasion so far.

[FactualFrank]

I don't care who is in the know, so long as the bit about it being signed off is bloody correct! It sometimes feel like pot luck as to whether to believe posters as we've had the likes of Wellsy and MarlonsPants.

[claret3561]

The problem CT is as I stated earlier in this thread you have stated that someone high up told a supporters group what was going on, but as ordinary supporters we are not privy to this information. I think this is why a few people are getting a bit uppity with you

[mill hill claret]

I’ve never been in the know and have never claimed to be, however the information I have received is the deal was signed off last week pending PL approval which should be this week. I’m not sure where CT is getting the delay from unless he means PL approval delay?

So basically what DJW was saying

[ClaretTony]

The problem CT is as I stated earlier in this thread you have stated that someone high up told a supporters group what was going on, but as ordinary supporters we are not privy to this information. I think this is why a few people are getting a bit uppity with you

I said someone senior had told a supporters group, didn’t say he’d told me. I can confirm there was another regular poster from this board there at the time when it was said. I probably shouldn’t have posted it really because I’m restricted in what I’m allowed to say from that meeting but I thought it was right that I passed on the info. Why anyone should get uppity I really don’t know but it’s not just me on this thread who is being targeted.

[randomclaret2]

As far as Im concerned all contributions from posters who have any genuine information to pass on , be that a snippet or something more substantial, are to be welcomed. We're all on the same side here and all want the best for Burnley FC.

[NewClaret]

I said someone senior had told a supporters group, didn’t say he’d told me. I can confirm there was another regular poster from this board there at the time when it was said. I probably shouldn’t have posted it really because I’m restricted in what I’m allowed to say from that meeting but I thought it was right that I passed on the info. Why anyone should get uppity I really don’t know but it’s not just me on this thread who is being targeted.

CT, at said meeting was there any discussion about ALK’s plans? Again, not asking you to divulge if the detail, just wondering if any detail has been shared.

You seem much more comfortable with the ALK bid than the Egyptian/Farnell one.

[ClaretTony]

CT, at said meeting was there any discussion about ALK’s plans? Again, not asking you to divulge if the detail, just wondering if any detail has been shared.

You seem much more comfortable with the ALK bid than the Egyptian/Farnell one.

I can answer your question easily with a no. There was no mention of ALK or anyone just that a takeover was progressing, wouldn’t be this side of Christmas, probably January. That was admittedly four days ago.

I don’t know too much about ALK other than them already having non sporting interests in the county. What I have heard sounds positive. They appear to be football people with plans to grow the club in different areas.

The Elkashashy/Farnell option frightened me because of Farnell. The information I’ve collected on him had me very worried. Last weekend I heard a suggestion that they were back in but thankfully it was not the case.

Should ALK buy the club it could prove to be a major concern for us but I’ve picked up enough to have some confidence that it would be more than ok.

[sykeclaret]

The takeover should have gone through last week but still dealing with issues with garlick who wants the CEO, should be done next week, believe certain directors have lost money with their shares

[FactualFrank]

So we have Tony saying it's not going to happen until next year and some saying it'll happen next week.

I'll be a pessimistic bugger and go with mid-January. The problem there is, would Garlick allow us to sign players before it goes through? Would he let Dyche buy players with the confidence that it won't have any negative effect on the takeover?

[GodIsADeeJay81]

The takeover should have gone through last week but still dealing with issues with garlick who wants the CEO, should be done next week, believe certain directors have lost money with their shares

How can they lose money with their shares if the clubs being sold for circa £200 million?

Do we know what they paid for them?

[GodIsADeeJay81]

So we have Tony saying it's not going to happen until next year and some saying it'll happen next week.

I'll be a pessimistic bugger and go with mid-January. The problem there is, would Garlick allow us to sign players before it goes through? Would he let Dyche buy players with the confidence that it won't have any negative effect on the takeover?

If the takeover is virtually done new owners can advance money for signings on the proviso it's paid back if the takeover suddenly collapses.
It's been done before at other clubs.

[ClaretTony]

So we have Tony saying it's not going to happen until next year and some saying it'll happen next week.

I'll be a pessimistic bugger and go with mid-January. The problem there is, would Garlick allow us to sign players before it goes through? Would he let Dyche buy players with the confidence that it won't have any negative effect on the takeover?

I think I've explained it now a couple of posts above yours. Information given out four days ago.

[FactualFrank]

If the takeover is virtually done new owners can advance money for signings on the proviso it's paid back if the takeover suddenly collapses.
It's been done before at other clubs.

Interesting. I hope that's the case and we can bring in 2-3 quality players.

[NewClaret]

Interesting. I hope that's the case and we can bring in 2-3 quality players.

I still think we’ll have enough cash in the bank to buy players without a takeover. I reckon we just held off in summer because we know ALK will target better players when they arrive.

Hopefully it’s done before January but if not, I hope they’re working together on the squad strengthening. Wouldn’t be in anyone’s interests to let another window pass.

[elwaclaret]

If there has been a change that required resubmission of the fit and proper test that would trigger the different views on completion, and lack of clarity as to how many steps have to be retraced.

It may be different takes on the same correct info.

[ClaretTony]

If there has been a change that required resubmission of the fit and proper test that would trigger the different views on completion, and lack of clarity as to how many steps have to be retraced.

It may be different takes on the same correct info.

The owners & directors test is basically a check on whether any potential new directors are acceptable and also whether the new owners have proof of funding. At what point that is done I don’t know but I would assume after there is agreement on the deal. I’m led to believe it won’t be a problem.

[elwaclaret]

The owners & directors test is basically a check on whether any potential new directors are acceptable and also whether the new owners have proof of funding. At what point that is done I don’t know but I would assume after there is agreement on the deal. I’m led to believe it won’t be a problem.

Just thinking, It could be that someone else as emerged that would take up a leading role going forward within the firm, that is leading to amendments in paperwork. Purely reading between the lines, but they would then have to touch base with the league again and so a delay of days or weeks as a result of where they start with any change and the different opinions are as to how long...

It may mean additional know-how and finance... if so as long as SD can move into the second half of the season happy they can keep as close to the chest as Bob Lord’s wallet... so long as they get it right and let us know.

[Claret Till I Die]

Just thinking, It could be that someone else as emerged that would take up a leading role going forward within the firm, that is leading to amendments in paperwork. Purely reading between the lines, but they would then have to touch base with the league again and so a delay of days or weeks as a result of where they start with any change and the different opinions are as to how long...

It may mean additional know-how and finance... if so as long as SD can move into the second half of the season happy they can keep as close to the chest as Bob Lord’s wallet... so long as they get it right and let us know.

Maybe the bloke from the hut.com is getting involved

[elwaclaret]

Maybe the bloke from the hut.com is getting involved

I could think of a dozen people that it could be.... off the top of my head and I’ve been out of the loop a long time. Which I mention only as to clarify it would be pure speculation on my part to even mention names.

[ClaretTony]

Just thinking, It could be that someone else as emerged that would take up a leading role going forward within the firm, that is leading to amendments in paperwork. Purely reading between the lines, but they would then have to touch base with the league again and so a delay of days or weeks as a result of where they start with any change and the different opinions are as to how long...

It may mean additional know-how and finance... if so as long as SD can move into the second half of the season happy they can keep as close to the chest as Bob Lord’s wallet... so long as they get it right and let us know.

Nothing involving the Premier League.

[sykeclaret]

The takeover should have gone through last week but still dealing with issues with garlick who wants the CEO, should be done next week, believe certain directors have lost money with their shares

maybe with the takeover they are buying only garlicks shares at 53% , hence the delay with him being the new CEO, I heard Brian nelson would lose a few million on the deal

[Danieljwaterhouse]

Because we all see you bemoaning negative posts towards you then you post something will encourage such posts.

A professional football reporter will have reported in good faith based on his information that he has received. It appears that the people you have spoken to have a different take on things, it certainly doesn’t mean that he is categorically wrong and you are right. That’s the attitude that attracts negative comments towards you.

For the record I understand that this is signed and awaiting PL approval, my source may be wrong and yours could be right when they tell you that it’s been delayed. I know that neither you or I have contacts at the level to know 100% therefore we will just have to wait and see.

Like I’ve said, I was told it was signed, but both parties, in an office in Knightsbridge, a week last Friday.

[Danieljwaterhouse]

I can answer your question easily with a no. There was no mention of ALK or anyone just that a takeover was progressing, wouldn’t be this side of Christmas, probably January. That was admittedly four days ago.

I don’t know too much about ALK other than them already having non sporting interests in the county. What I have heard sounds positive. They appear to be football people with plans to grow the club in different areas.

The Elkashashy/Farnell option frightened me because of Farnell. The information I’ve collected on him had me very worried. Last weekend I heard a suggestion that they were back in but thankfully it was not the case.

Should ALK buy the club it could prove to be a major concern for us but I’ve picked up enough to have some confidence that it would be more than ok.

I was widely laughed at to suggest that the new owners were looking to exploit goings on in the wider area, the northern powerhouse, and so on. Now it seems this is accepted and a sound business model....

[FactualFrank]

Like I’ve said, I was told it was signed, but both parties, in an office in Knightsbridge, a week last Friday.

So why would they wait so long to announce it?

[Vegas Claret]

I for one appreciate all the input by the likes of CT, DJW etc. Even if something turns out to be incorrect in the final reckoning I believe that these lads are posting in good faith at the time they have their info. I don't understand the need to have an award ceremony for who said what first though etc.

We should all be very bloody excited about the takeover especially given the research CT has done on ALK

Keep up the good work gents.

[Danieljwaterhouse]

So why would they wait so long to announce it?

I’ve no idea

[elwaclaret]

I for one appreciate all the input by the likes of CT, DJW etc. Even if something turns out to be incorrect in the final reckoning I believe that these lads are posting in good faith at the time they have their info. I don't understand the need to have an award ceremony for who said what first though etc.

We should all be very bloody excited about the takeover especially given the research CT has done on ALK

Keep up the good work gents.

I don’t know Daniel but despite a sometimes fractious relationship at times with CT we’ve known each other far too long for us to ever fall out. I know if CT tells you anything it is because he himself believes it, whatever anyone says about him.

[MRG]

So why would they wait so long to announce it?

Premier League sign off apparently

[Nonayforever]

I’ve no idea

My worst fear is that CF has put a legal spanner in the works, which has been my greatest fear all along. I really hope that i am way off the mark.

[Rileybobs]

My worst fear is that CF has put a legal spanner in the works, which has been my greatest fear all along. I really hope that i am way off the mark.

How would Chris Farnell be able to interfere in a business deal between two other parties?

[ClaretAL]

I for one appreciate all the input by the likes of CT, DJW etc. Even if something turns out to be incorrect in the final reckoning I believe that these lads are posting in good faith at the time they have their info. I don't understand the need to have an award ceremony for who said what first though etc.

We should all be very bloody excited about the takeover especially given the research CT has done on ALK

Keep up the good work gents.

Absolutely agree and couldn't have put it better, and the best post on this thread for me.

[Nonayforever]

How would Chris Farnell be able to interfere in a business deal between two other parties?

If bid A was £180m
Bid B £200m

Then bid A goes up to £200m I would assume CF has a strong case that the sellers have disclosed confidential information.

[Rileybobs]

If bid A was £180m
Bid B £200m

Then bid A goes up to £200m I would assume CF has a strong case that the sellers have disclosed confidential information.

This isn’t a tender process. The sellers can ask for whatever price they want.

[Archer]

If bid A was £180m
Bid B £200m

Then bid A goes up to £200m I would assume CF has a strong case that the sellers have disclosed confidential information.

I wouldn’t worry

[Dark Cloud]

This isn’t a tender process. The sellers can ask for whatever price they want.

Absolutely. And sell to whoever they want (and feel most comfortable handing over to)