ALK Capital or Farnell/Elkashashy takeover

[Paul Waine]

I know I'm in the minority, but I liked the way MG ran the club. Not for profit, and living within our sustainable means, was painful but necessary. I'd have plodded on as we were, and if that meant relegation so be it.
But the thought that we aren't going to the Egyptian bid, fills me with so much relief it makes the whole thing bearable.

UTC

Mike Garlick has led the club very well, ably assisted by John B. These guys are smart. They know that their own finances couldn't keep BFC at this level. So, they've built the club up, ensured we are in the Premier League and are now on the verge of passing on to an organisation with the wherewithal to keep building the club.

I've not met MG. I don't know him. I've met John B once and that was at a business event. I've also worked with a couple of guys who, before they both became my colleagues, had worked for John B's firm - and told me about their office trips to Turf Moor for their annual Xmas party.

But for covid-19 it would have been a lot smoother these past several months.

Exciting times.

UTC

[burnley007]

From a personal point of view I won't be sad, no. I've only spoken to him a couple of times to be honest but I found him quite unpleasant.

I've always thought he seemed quite unpleasant.

I think the club feels a little stale atm, new owners, new impetus, positive vibes, all sounds pretty good to me.

[BOYSIE31]

Job for the BOYSIE

Application done - beats accounting

[MACCA]

I know I'm in the minority, but I liked the way MG ran the club. Not for profit, and living within our sustainable means, was painful but necessary.
UTC

I'm interested to see what he does with all the left over income he receives after taking out what "he has put in"

Im sure theres going to be quite a hefty sum left over.

Maybe the Mike Garlick Cricketfield Stand if he opts to redevelop it, or the current Bob Lord.
Suppose it will then put to bed the accusations he was actually in it for the money, and the last few failed windows have been a result of that.

[Grumps]

I've always thought he seemed quite unpleasant.

I think the club feels a little stale atm, new owners, new impetus, positive vibes, all sounds pretty good to me.

In what circumstances did you meet him to form that opinion?

[bfcjg]

Sounds like he ran the club well but there is no excuse ever for rudeness.

[Pearcey]

I met him and John B briefly after the Charlton game and John B seemed the nicer of the 2. Was only a brief chat though and I do appreciate what he’s done for the club. Time to move on though.

[Dazzler]

Maybe the Mike Garlick Cricketfield Stand if he opts to redevelop it, or the current Bob Lord.
Suppose it will then put to bed the accusations he was actually in it for the money, and the last few failed windows have been a result of that.

I'm sure that's a tongue-in-cheek suggestion. But if you were being serious, I'd have thought a Barry Kilby stand would be more favoured.

[ClaretTony]

I met him and John B briefly after the Charlton game and John B seemed the nicer of the 2. Was only a brief chat though and I do appreciate what he’s done for the club. Time to move on though.

I can comment on John B, he's become a very good friend of mine although he needs to learn not to phone me 20 minutes into a game as he did last week when we were playing Villa. Totally different kind of person, very much a people person and I'd find it very difficult not to like him.

[Top Claret]

I hope the new owners whoever they may be build some kind of rapport with the supporters unlike the present lot

I have been a season ticket holder for the last 50 years and I have never felt as cut of from the club

[arise_sir_charge]

I'm sure that's a tongue-in-cheek suggestion. But if you were being serious, I'd have thought a Barry Kilby stand would be more favoured.

Not by Mike Garlick who Macca is lining up to pay for it.

[JohnMac]

I reckon Mike Garlick's character is hard arsed and ruthless to the point of appearing uncaring but downright efficient.

[MACCA]

I'm sure that's a tongue-in-cheek suggestion. But if you were being serious, I'd have thought a Barry Kilby stand would be more favoured.

Dont think Mike would allow the surplus cash he made the club to be spent on a state of the art stand with someone elses name on it.

But nsming it after Barry Kilby would certainly be fitting tribute.
There's a reason the fans sang his name at Charlton and in Athens.

There's only 1 Barry Kilby you know...

[MACCA]

I reckon Mike Garlick's character is hard arsed and ruthless to the point of appearing uncaring but downright efficient.

So we just need to see the efficient side of him now then?!

[jtv]

I'm interested to see what he does with all the left over income he receives after taking out what "he has put in"

Im sure theres going to be quite a hefty sum left over.

Maybe the Mike Garlick Cricketfield Stand if he opts to redevelop it, or the current Bob Lord.
Suppose it will then put to bed the accusations he was actually in it for the money, and the last few failed windows have been a result of that.

Is he obliged to? I think that what he does with his windfall is his business not yours.

[JohnMac]

So we just need to see the efficient side of him now then?!

Bloody hell Ahab, you can't see the balance sheet for your blinkers

Edit - Because I know you will

Screenshot_20201223_144705.jpg (377.25 KiB) Viewed 3762 times

be scratching your head

[Rileybobs]

Dont think Mike would allow the surplus cash he made the club to be spent on a state of the art stand with someone elses name on it.

But nsming it after Barry Kilby would certainly be fitting tribute.
There's a reason the fans sang his name at Charlton and in Athens.

There's only 1 Barry Kilby you know...

The surplus cash that Mike Garlick has made the club will remain in the club’s bank account.

[MACCA]

Is he obliged to? I think that what he does with his windfall is his business not yours.

Absolutely, it will just add some weight to the claims of those that believed he was in it for the money, or for those who said he was in it for his sheer love for Burnley Football Club

[MACCA]

Bloody hell Ahab, you can't see the balance sheet for your blinkers

Oh I can

[NewClaret]

Sorry CT, was only a joke.

[MACCA]

The surplus cash that Mike Garlick has made the club will remain in the club’s bank account.

Think we on about different things, we were discussing the money he made from the club.

We all know there's no money left ( if we are to believe MG )

[Rileybobs]

Think we on about different things, we were discussing the money he made from the club.

We all know there's no money left ( if we are to believe MG )

He hasn’t made any money from the club, as far as I’m aware.

[MACCA]

He hasn’t made any money from the club, as far as I’m aware.

Yet...

[jtv]

Absolutely, it will just add some weight to the claims of those that believed he was in it for the money, or for those who said he was in it for his sheer love for Burnley Football Club

Perhaps both points of view are right?

[Rileybobs]

Yet...

But you think that when his shares are bought he should give the proceeds back to the new owners? Is that what you would do with your children’s inheritance in the same situation?

[MACCA]

Perhaps both points of view are right?

Perhaps, itll just add some weight to either opinion.

[JohnMac]

He hasn't made any money from the Club.

He'll made an absolute bucket load from ALK when he sells his shares though.

[Pstotto]

I'd quit the site but sometimes you feel the need to write something.

Thank God Malk has pulled out of any takeover (Sky Sports Football News today).

Burnley survives the war on upon it, as did Charlton.

How about said bloke spends his money in his own country on Zamalek etc. to bring up the Egyptian league instead of puffing his feathers over here for his benefit of nothing more than his swanky car key collection.

[MACCA]

But you think that when his shares are bought he should give the proceeds back to the new owners? Is that what you would do with your children’s inheritance in the same situation?

Nope, it'll be interesting to see his sheer love for Burnley Football Club and what that means when he steps a side.

There's a difference of approach to things from when you're a fan, or a business man.

People are sceptical with new investors as they're investors and will want to make money from the club, the cynics may say that's exactly what Mike did...

[claretonthecoast1882]

But you think that when his shares are bought he should give the proceeds back to the new owners? Is that what you would do with your children’s inheritance in the same situation?

Some insight as well by Garlick that 14 year ago who saw a club handily placed to give him a windfall, maybe some of our hindsight experts are wishing they used insight instead and got on the board. True you would be involved for 14 years without payment but you would have been able to buy more shares knowing that 14 years later we would be in the Premier League for the 5th successive season. All this just 2 year after having to sell the ground to raise cash as we had none.

[ClaretTony]

There's a difference of approach to things from when you're a fan, or a business man.

Very much so and as a business man there are times when you cannot think or act as a fan

[Rileybobs]

Nope, it'll be interesting to see his sheer love for Burnley Football Club and what that means when he steps a side.

There's a difference of approach to things from when you're a fan, or a business man.

People are sceptical with new investors as they're investors and will want to make money from the club, the cynics may say that's exactly what Mike did...

He showed his love and passion for BFC by investing in the club and asking for nothing in return. And he has shown it subsequently with the way that he has run the club in a sustainable and sensible manner. He has also overseen the most successful period that the club has enjoyed for a very long time.

Due to his very successful leadership, he is now in a position to handover control of the club to another party who hopefully are able to take the club forwards. In return for this he will be remunerated the market value of his shares, in exactly the same way that John B will be.

He will also leave the club in a much, much better position than when he found it.

I find some of these sneering comments about Garlick nothing short of pathetic.

[ewanrob]

I can comment on John B, he's become a very good friend of mine although he needs to learn not to phone me 20 minutes into a game as he did last week when we were playing Villa. Totally different kind of person, very much a people person and I'd find it very difficult not to like him.

Do you think he stood down as VC because he didn't meet eye to eye with MG, or was it due to his business and that he didn't like the limelight ?

[Colburn_Claret]

I'm interested to see what he does with all the left over income he receives after taking out what "he has put in"

Im sure theres going to be quite a hefty sum left over.

Maybe the Mike Garlick Cricketfield Stand if he opts to redevelop it, or the current Bob Lord.
Suppose it will then put to bed the accusations he was actually in it for the money, and the last few failed windows have been a result of that.

It would be nice to think so, but in true Burnley fashion it will probably be 'undisclosed '.

[RicardoMontalban]

Not sure we should have to labour this point but there is a distinction to be made between investing in a club and making a profit when selling on that investment, as appears to be the case here, and investing in a club to make it some sort of ongoing money generating entity for your benefit.

You’d need to be deliberately obtuse to miss that distinction.

[dibraidio]

The Burnley Express recently ran a "story" comparing the wealth of Premier League club owners. They listed Garlick as the lowest with 62 million. I don't know how much of the reported 200 million will go straight to him but obviously that's going to increase significantly very soon. As a businessman his tenure has been an overwhelming success and he'll walk away having taken the club to another level.

[ClaretTony]

Do you think he stood down as VC because he didn't meet eye to eye with MG, or was it due to his business and that he didn't like the limelight ?

John not liking the limelight - mmm, well one thing John does like is talking to people. He contacted me in the very week he became a director. I've had disagreements with him and he quickly learned not to phone me immediately after a poor performance, the one where he really got it both barrels was the 3-3 draw v Sheffield Wednesday in what was Eddie Howe's last home game. A few days later we were travelling past Warwick Services on the M40 coming back from Crystal Palace before he phoned. I think he's a really nice bloke who I am pleased I can call a friend.

At the time he reverted to just being a director I think he said it was for family reasons as much as anything. He has four youngish kids, the eldest is now at uni but the other three at school. His son Will is very much a Claret now, a good lad, and his wife is really nice. They are just a nice family and I can understand his decision given he has to spend so much time away with his business.

[Quickenthetempo]

To balance things out.

At WBA away (Barnes overhead kick) Mike Garlick was sat in the away right next to me with his son. At half time he posed for photos with fans and had time for a chat with everyone.
I spoke to him for over 10 minutes and he seemed a really sound guy and proud Claret like the rest of the away end. He was on cloud 9 when the Burnley fans were singing "where all going on a European tour".

His son was singing all the songs. Proper claret as well.

I can only speak of my experience with him and it was positive.

[MACCA]

He showed his love and passion for BFC by investing in the club and asking for nothing in return. And he has shown it subsequently with the way that he has run the club in a sustainable and sensible manner. He has also overseen the most successful period that the club has enjoyed for a very long time.

Due to his very successful leadership, he is now in a position to handover control of the club to another party who hopefully are able to take the club forwards. In return for this he will be remunerated the market value of his shares, in exactly the same way that John B will be.

He will also leave the club in a much, much better position than when he found it.

I find some of these sneering comments about Garlick nothing short of pathetic.

Her, here, and excellently put Rileybobs

[MACCA]

Some insight as well by Garlick that 14 year ago who saw a club handily placed to give him a windfall, maybe some of our hindsight experts are wishing they used insight instead and got on the board. True you would be involved for 14 years without payment but you would have been able to buy more shares knowing that 14 years later we would be in the Premier League for the 5th successive season. All this just 2 year after having to sell the ground to raise cash as we had none.

Think it's more when he went from relatively small share holder to becoming the sole Chairman.
Quite a clever and well timed move, as it was only a few years back, and has probably doubled his net worth in just a few years because of it.

But good a businessman can smell out a good deal and act on it at just the right time, which in fairness to Mike, it looks like he timed it almost perfectly.

[Woodleyclaret]

I personally dont care how much our board make on the sale.They have earned the club North of £500m in our five seasons in the Sun and deserve rewarding
But, I was hoping for a quick conclusion after the other buyers dropped out and funds in place for Sean for our much needed January spending spree

[claptrappers_union]

Not crossed paths with Mike Garlic many times, but when I have, he’s been polite enough to me.

[mybloodisclaret]

No news today.... hopefully the best first gift of Christmas tomorrow...

[Hedontplayforyou]

Was hoping for it to be completed today for my birthday scran tonight,UTC!!!

[Paul Waine]

But you think that when his shares are bought he should give the proceeds back to the new owners? Is that what you would do with your children’s inheritance in the same situation?

It appears there are a some who don't understand the nature of ownership as distinct from the entity those owners own.

Mike Garlick, John B and all the directors have done well by their directorship of the club - led, of course, by MG with the largest shareholding and JB with the second largest shareholding.

If things had gone less well, MG and JB would have lost the money they spent to buy their shares, as would every other shareholder, including the 1,300 (or so) who only have 1 share. "Less well" would also have meant that BFC was not in the Premier League and not in the Championship. Maybe the club would have been competing with Bolton (that 10 years went quickly) and, worse still, alongside Bury.

MG's success, which is the club's success, is measured by the value of the club when he sells it to new owners. MG, JB deserve their success.

Our success as fans is BFC in the Premier League and competing to continue in the Premier League. Long may this continue.

Exciting times.

UTC

[FactualFrank]

Was hoping for it to be completed today for my birthday scran tonight,UTC!!!

Your birthday today? Ditto.

[Hedontplayforyou]

Your birthday today? Ditto.

Birthday boys!

[Dark Cloud]

I know I'm in the minority, but I liked the way MG ran the club. Not for profit, and living within our sustainable means, was painful but necessary. I'd have plodded on as we were, and if that meant relegation so be it.
But the thought that we aren't going to the Egyptian bid, fills me with so much relief it makes the whole thing bearable.

UTC

Pretty much sums up how I feel too, bearing in mind I've never met Mike Garlick, so I can't comment on him personally. The only thing I have kind of reluctantly come round to is the notion that we really, really have to avoid relegation if at all possible rather than accept it as an inevitability because football outside the PL is basically a quagmire from which it can be very,very hard to recover and with that in mind I feel we have little choice, but to accept the sale and pray for the best as it's really our only chance of keeping the good times coming in the foreseeable future.

[Duffer_]

They have earned the club North of £500m in our five seasons in the Sun and deserve rewarding

They've spent what was earned. A good chunk of that on increasing the value of the playing squad. They are about to extract that growth in asset value in full, on the sale of their shares. I do care how much they are "rewarded" because those assets will now ultimately be used to repay new investors before they will act as a future safety net for the long term benefit of the Club.

MG hasn't invested beyond the purchase of his shares.
It doesn't sit well with me that a good decision 8 years ago and prudent stewardship thereafter nets an individual £100m before tax. An individual who has previously used the language of custodianship.

I appreciate I am in a small minority and, of course he has a legal right to do this, but it's a shame that a lack of imagination is giving MG an easy time as he potentially rides off into the sunset with his saddlebags stuffed with Burnley dollars.

I recognise he has done a good job and I have nothing against him personally but I will judge the man as much by his actions on leaving the Club as I will on the success
of his tenure. In the best interests of Burnley with a sizeable and proportionate personal gain, or for maximum personal gain?

[Paul Waine]

They've spent what was earned. A good chunk of that on increasing the value of the playing squad. They are about to extract that growth in asset value in full, on the sale of their shares. I do care how much they are "rewarded" because those assets will now ultimately be used to repay new investors before they will act as a future safety net for the long term benefit of the Club.

MG hasn't invested beyond the purchase of his shares.
It doesn't sit well with me that a good decision 8 years ago and prudent stewardship thereafter nets an individual £100m before tax. An individual who has previously used the language of custodianship.

I appreciate I am in a small minority and, of course he has a legal right to do this, but it's a shame that a lack of imagination is giving MG an easy time as he potentially rides off into the sunset with his saddlebags stuffed with Burnley dollars.

I recognise he has done a good job and I have nothing against him personally but I will judge the man as much by his actions on leaving the Club as I will on the success
of his tenure. In the best interests of Burnley with a sizeable and proportionate personal gain, or for maximum personal gain?

Hi Duffer, what's the part that "doesn't sit well" for you? If MG was paid £1 to sell to new owners, or £1 million or £100 million or £100 billion it makes absolutely no difference to the assets in the club. It's the new owners who are deciding where they value their ownership of BFC and their desire to take the club forward is reflected in their valuation of the club.

Exciting times.

UTC