ALK Capital or Farnell/Elkashashy takeover

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by WalkdenClaret » Sun Jan 17, 2021 9:12 am

Of Course, I hope I've got all this wrong and whatever was in the beer I had last night seems to have worn off!

Yes, it was sometimes difficult in the 80's but after reading an article in When Saturday Comes about Lincoln City, it did make me realise just how lucky we are you have a relative successful club to watch.

Encouraging signs on the pitch despite the results of the last 2 matches suggest we're going to be comfortable and there's no need to panic this window.

UTC
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Peter Loo » Sun Jan 17, 2021 9:20 am

WalkdenClaret wrote:
Sun Jan 17, 2021 9:12 am
Of Course, I hope I've got all this wrong and whatever was in the beer I had last night seems to have worn off!

Yes, it was sometimes difficult in the 80's but after reading an article in When Saturday Comes about Lincoln City, it did make me realise just how lucky we are you have a relative successful club to watch.

Encouraging signs on the pitch despite the results of the last 2 matches suggest we're going to be comfortable and there's no need to panic this window.

UTC
Dead right despite the the detractors.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Grumps » Sun Jan 17, 2021 9:29 am

Iam not going to question the financial deal because I have no knowledge of how these deals are done.
But it would seem we are not debt free anymore. If this is correct, surely there has to be investment into the playing side, otherwise we might as well stayed as we were?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by randomclaret2 » Sun Jan 17, 2021 12:41 pm

"Encouraging signs on the pitch despite the results of the last 2 matches suggest we're going to be comfortable"
Really ?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Peter Loo » Sun Jan 17, 2021 12:46 pm

randomclaret2 wrote:
Sun Jan 17, 2021 12:41 pm
"Encouraging signs on the pitch despite the results of the last 2 matches suggest we're going to be comfortable"
Really ?
Yes really although very frustrating for all at the moment, personally I think we will more then OK, only time is going to tell.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Spijed » Sun Jan 17, 2021 7:53 pm

As it sounds like everything has currently gone quiet on the transfer front it begs the question that if we don't sign anyone of note what's the point of the takeover, except landing us with a large chunk of debt?

I thought the idea was to give us a better chance of stopping in the Prem.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by joey13 » Sun Jan 17, 2021 9:42 pm

Spijed wrote:
Sun Jan 17, 2021 7:53 pm
As it sounds like everything has currently gone quiet on the transfer front it begs the question that if we don't sign anyone of note what's the point of the takeover, except landing us with a large chunk of debt?

I thought the idea was to give us a better chance of stopping in the Prem.
Really ,I thought it was because the MD wanted a wedge of money

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by randomclaret2 » Sun Jan 17, 2021 9:51 pm

Apparently the Run Out music is being changed to 'New Dawn Fades'

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by burnley007 » Sun Jan 17, 2021 10:01 pm

It's not quite as exciting as some of us had hoped so far is it!!??
🤦‍♂️

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by fatboy47 » Sun Jan 17, 2021 10:03 pm

Spijed wrote:
Sun Jan 17, 2021 7:53 pm
As it sounds like everything has currently gone quiet on the transfer front it begs the question that if we don't sign anyone of note what's the point of the takeover, except landing us with a large chunk of debt?

I thought the idea was to give us a better chance of stopping in the Prem.
Rapidly moving goalposts spijed

...ALK arrived with a brass band and were welcomed as saviours... they were sweeping out the old miser Garlick and would be pumping money into team strengthening to take us to that mystical "" next level""
It was indeed" great news for the club"

Since then a bit of scrutiny has taken place and a bit of reality has dawned...

Pace and company will need to play an absolute blinder for us to hold our heads above water.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by BurnleyFC » Sun Jan 17, 2021 10:35 pm

fatboy47 wrote:
Sun Jan 17, 2021 10:03 pm
Rapidly moving goalposts spijed

...ALK arrived with a brass band and were welcomed as saviours... they were sweeping out the old miser Garlick and would be pumping money into team strengthening to take us to that mystical "" next level""
It was indeed" great news for the club"

Since then a bit of scrutiny has taken place and a bit of reality has dawned...

Pace and company will need to play an absolute blinder for us to hold our heads above water.
I would’ve hoped the scrutiny had taken place before they turned up with their ten bob.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by arise_sir_charge » Sun Jan 17, 2021 10:41 pm

You do realise they’ve only had the keys for about 18 days don’t you?

People also realise that just like a dog isn’t just for Christmas the new owners aren’t just for the 2021 January window.

We’ve some odd fans, likes of Fatboy literally willing it to be a disaster. Strange.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Burnley1989 » Sun Jan 17, 2021 10:46 pm

arise_sir_charge wrote:
Sun Jan 17, 2021 10:41 pm
You do realise they’ve only had the keys for about 18 days don’t you?

People also realise that just like a dog isn’t just for Christmas the new owners aren’t just for the 2021 January window.

We’ve some odd fans, likes of Fatboy literally willing it to be a disaster. Strange.
I’ve avoided this thread, it’s the lunatic asylum :lol:

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by boatshed bill » Sun Jan 17, 2021 10:48 pm

arise_sir_charge wrote:
Sun Jan 17, 2021 10:41 pm
You do realise they’ve only had the keys for about 18 days don’t you?

People also realise that just like a dog isn’t just for Christmas the new owners aren’t just for the 2021 January window.

We’ve some odd fans, likes of Fatboy literally willing it to be a disaster. Strange.
I may go out and buy a house tomorrow;
I have 10% of its value but I'm fairly sure I'll be able to get the seller to fund my shortfall ;)

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by arise_sir_charge » Sun Jan 17, 2021 10:51 pm

Burnley1989 wrote:
Sun Jan 17, 2021 10:46 pm
I’ve avoided this thread, it’s the lunatic asylum :lol:
It’s pathetic isn’t it.

Folk just suck the life and enjoyment out of everything and revel in crapness. I’ll never understand it.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by arise_sir_charge » Sun Jan 17, 2021 10:53 pm

boatshed bill wrote:
Sun Jan 17, 2021 10:48 pm
I may go out and buy a house tomorrow;
I have 10% of its value but I'm fairly sure I'll be able to get the seller to fund my shortfall ;)
What are you wittering about?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by boatshed bill » Sun Jan 17, 2021 10:55 pm

arise_sir_charge wrote:
Sun Jan 17, 2021 10:53 pm
What are you wittering about?

;)

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by fatboy47 » Sun Jan 17, 2021 11:13 pm

arise_sir_charge wrote:
Sun Jan 17, 2021 10:41 pm


We’ve some odd fans, likes of Fatboy literally willing it to be a disaster. Strange.
Find anything I've said that constitutes "" literally willing it to be a disaster""

I desperately want the club I've supported since I was a toddler to succeed. I think the chances of that have taken a dive.
Do you?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by tim_noone » Sun Jan 17, 2021 11:21 pm

joey13 wrote:
Sun Jan 17, 2021 9:42 pm
Really ,I thought it was because the MD wanted a wedge of money
:D

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Chester Perry » Mon Jan 18, 2021 12:21 am

apparently some touchy people at the club now according to the Mail - not sure I actually believe it

Burnley contact Amazon to complain about accusations against new owners ALK Capital
JANUARY 17, 2021

Burnley have contacted Amazon to complain about the broadcaster's pre-match coverage of Saturday's 1-0 defeat at West Ham.

The Premier League club wrote to producers Sunset+Vine to document displeasure at thinly veiled accusations levelled at new owners, ALK Capital.

The Amazon team at the London Stadium — comprising of presenter Gabby Logan and pundits Clinton Morrison and Matthew Upson — raised questions about the board's actions since securing a leveraged £170million takeover last month.

One line, that the American board were 'holed up somewhere in the Ribble Valley' having not communicated with supporters via the media since moving in, provoked consternation at Turf Moor.

Chairman Alan Pace, who held a 90-minute press conference during his first week in charge after lengthy interviews on the club's website, entered self-isolation just prior to ALK's first match at the helm, the FA Cup win over MK Dons, after a Covid outbreak within the administration side of the club.

Amazon are believed to have been informed of that when requesting an interview with Pace at West Ham. Jon Champion later said on commentary that Pace was isolating.

Nevertheless, Burnley sources maintained they were subsequently forced into publicly announcing that the 53-year-old had contracted Covid following pre-match comments made on the streaming service.

There was also ire at Amazon's claims that 'there is now talk' that Sean Dyche would 'not actually have that much cash to spend in this transfer window or any window'. Burnley refute those assertions and say they are pressing ahead with plans to support the manager.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by DCWat » Mon Jan 18, 2021 1:02 am

Some of the comments mentioned seemed a little strange at the time that they were aired, particularly in respect of communication.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Darthlaw » Mon Jan 18, 2021 5:09 am

Standard poor journalism, reminiscent of an expert on a subject based solely on their Wikipedia page.

If the club concerned isn’t top six, their research generally is appalling.

I learned not to take TV pundits football knowledge seriously, some time ago.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Steve-Harpers-perm » Mon Jan 18, 2021 5:12 am

Said at the time it was a strange comment from Logan. Good on the club challenging it. Extremely but unsurprisingly lazy journalism.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Grumps » Mon Jan 18, 2021 7:08 am

As soon as I saw the panel I turned off till kick off, only then to be faced with Champion and McCoist wittering on about our kit, the way the gusset was made, and a discussion about ham and mustard sandwiches, or smoked salmon and lemon sandwiches. A poor showing all round from amazon.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by arise_sir_charge » Mon Jan 18, 2021 7:37 am

fatboy47 wrote:
Sun Jan 17, 2021 11:13 pm
Find anything I've said that constitutes "" literally willing it to be a disaster""

I desperately want the club I've supported since I was a toddler to succeed. I think the chances of that have taken a dive.
Do you?
I don’t know but I’m prepared to wait more than 18 days before talking about ‘rapidly moving goalposts’ and ‘reality dawning’.

Glad that ALK have challenged the Amazon coverage and reiterated their commitment to backing the manager. May make a few more on here pipe down as well.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Swizzlestick » Mon Jan 18, 2021 7:57 am

Thought Champion and McCoist were excellent - knowledgeable and entertaining. God forbid they inject a bit of small talk into a game that was generally pretty drab.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Herts Clarets » Mon Jan 18, 2021 8:18 am

Grumps wrote:
Mon Jan 18, 2021 7:08 am
As soon as I saw the panel I turned off till kick off, only then to be faced with Champion and McCoist wittering on about our kit, the way the gusset was made, and a discussion about ham and mustard sandwiches, or smoked salmon and lemon sandwiches. A poor showing all round from amazon.
I thought they did a pretty good job. Better than the alternative:

Brownhill plays a square ball to Westwood, lays it back to Mee who goes long. Wood is offside, free kick to West Ham
Westwood plays a square ball to Brownhill, lays it back to Tarkowski who plays a long ball to Barnes. No foul as Barnes goes down, West Ham have possession
Free kick to Burnley, poor delivery from Brady
Corner to Burnley, poor delivery from Brady

Repeat for 45 minutes until half time and the retail opportunities relieve the monotony of knowing that with 80 minutes to play, we are returning home pointless.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Grumps » Mon Jan 18, 2021 8:50 am

Swizzlestick wrote:
Mon Jan 18, 2021 7:57 am
Thought Champion and McCoist were excellent - knowledgeable and entertaining. God forbid they inject a bit of small talk into a game that was generally pretty drab.
Each to their own. Some excellent commentators of the past always said, if there's nothing to say, keep quiet. The best ones still do that, it's not radio, where they have to keep talking, TV, you can see what's happening.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Swizzlestick » Mon Jan 18, 2021 8:52 am

Grumps wrote:
Mon Jan 18, 2021 8:50 am
Each to their own. Some excellent commentators of the past always said, if there's nothing to say, keep quiet. The best ones still do that, it's not radio, where they have to keep talking, TV, you can see what's happening.
After listening to Martin Tyler again drone on and on with dull statistics while barely letting his co-commentators get a word in edge ways yesterday, they were a blessed relief tbh.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by BurnleyFC » Mon Jan 18, 2021 9:08 am

I thought Champion and McCoist did a good job of livening up a real turgid game of football.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by JohnMcGreal » Mon Jan 18, 2021 9:16 am

arise_sir_charge wrote:
Sun Jan 17, 2021 10:41 pm
We’ve some odd fans, likes of Fatboy literally willing it to be a disaster. Strange.
arise_sir_charge wrote:
Sun Jan 17, 2021 10:51 pm
Folk just suck the life and enjoyment out of everything and revel in crapness. I’ll never understand it.
Why on earth would any Burnley fan 'will a disaster' on the club they support? Why would they 'revel in crapness' that harms their club?

We've seen these kind of lazy claims made on many of the now banned threads on this board over the years, and it's quite sad.

If somebody has legitimate concerns about something which they feel could cause serious harm to the club, or anything else for that matter, it does not mean that person is willing or wanting it to happen. I'm not even sure why anyone would think that's the case. It doesn't make any sense.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretTony » Mon Jan 18, 2021 9:27 am

Grumps wrote:
Mon Jan 18, 2021 7:08 am
As soon as I saw the panel I turned off till kick off, only then to be faced with Champion and McCoist wittering on about our kit, the way the gusset was made, and a discussion about ham and mustard sandwiches, or smoked salmon and lemon sandwiches. A poor showing all round from amazon.
I missed much of the pre-match but I did here McCoist going on about the kit and Champion referring to our owners being holed up in the Ribble Valley. It's usually the case that clubs let that sort of thing go with the British media but apparently that's not ALK's intention. I think the reporter in the Mail was the same person who did the interview with Pace after the takeover was confirmed.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Conroy92 » Mon Jan 18, 2021 10:01 am

JohnMcGreal wrote:
Mon Jan 18, 2021 9:16 am
Why on earth would any Burnley fan 'will a disaster' on the club they support? Why would they 'revel in crapness' that harms their club?

We've seen these kind of lazy claims made on many of the now banned threads on this board over the years, and it's quite sad.

If somebody has legitimate concerns about something which they feel could cause serious harm to the club, or anything else for that matter, it does not mean that person is willing or wanting it to happen. I'm not even sure why anyone would think that's the case. It doesn't make any sense.
Agreed. I find it very peculiar that when people express there opinions they are shot down in flames, if it doesn't conform to what "we should be thinking". Do people want a message board full of discussion or just posts agreeing with each other??! I'm not sure people realise that without the differing opinions this would be a very boring place. I'd hazard a guess most of them saw the Orient game and feel anyone elses opinion is irrelevant.

I fully understand why people are concerned with the takeover. We have moved from debt free to in debt, there may be more positives to come but as we stand right now we are in a worse position than we were. A few signings will remedy that. No need for panic but surely a time for concern.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by claretonthecoast1882 » Mon Jan 18, 2021 10:31 am

Conroy92 wrote:
Mon Jan 18, 2021 10:01 am
Agreed. I find it very peculiar that when people express there opinions they are shot down in flames, if it doesn't conform to what "we should be thinking". Do people want a message board full of discussion or just posts agreeing with each other??! I'm not sure people realise that without the differing opinions this would be a very boring place. I'd hazard a guess most of them saw the Orient game and feel anyone elses opinion is irrelevant.

I fully understand why people are concerned with the takeover. We have moved from debt free to in debt, there may be more positives to come but as we stand right now we are in a worse position than we were. A few signings will remedy that. No need for panic but surely a time for concern.

Problem being when we were debt free we had numerous posters complaining about lack of ambition or the club trying to reach the next level (nobody has ever really explained what the next level is after 2 top ten finishes in 3 years) now some of those are now unhappy at the position the club is in. We had to read many posts of "just sell and get out" and similar comments aimed at Garlick and the board.

We often had to read that the club under previous ownership only tried to sign players right at the very end of every window, so some will have allowed themselves to be carried away by an expected influx of immediate and exciting signings that cost a few quid, turns out into week 3 of the window it is the same as it was. This will lead to concerns maybe from those who weren't at the Orient game.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by arise_sir_charge » Mon Jan 18, 2021 10:57 am

I’m all for people airing valid concerns but some of the stuff posted is ridiculous when considered in context.

I’ve listed two such statements from one post above ‘rapidly moving goalposts’ and ‘reality daening’......it’s pure drama queenery and it’s not actually giving anything chance to change or develop. This thread is full of it.

This thread is also full of guesswork and supposition being passed off as fact and people predicting the worst.

And whilst it may seem to be an odd concept that people are lining up to say ‘I told you so’ it’s very true and very evident on this board.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by JohnMcGreal » Mon Jan 18, 2021 11:11 am

arise_sir_charge wrote:
Mon Jan 18, 2021 10:57 am
I’m all for people airing valid concerns but some of the stuff posted is ridiculous when considered in context.

I’ve listed two such statements from one post above ‘rapidly moving goalposts’ and ‘reality daening’......it’s pure drama queenery and it’s not actually giving anything chance to change or develop. This thread is full of it.

This thread is also full of guesswork and supposition being passed off as fact and people predicting the worst.

And whilst it may seem to be an odd concept that people are lining up to say ‘I told you so’ it’s very true and very evident on this board.
But that doesn't mean people are willing it to happen.

It's one thing to disagree with people's concerns and their reasons for holding them, there's no problem with that. We all hold varying opinions on a range of matters.

But it's another thing entirely to suggest that they are actually willing a disaster to happen, or revelling in misery. It's a strange leap to make and a pretty daft one.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by arise_sir_charge » Mon Jan 18, 2021 12:57 pm

You might think that but I fully stand by it. Some people are jumping on anything and everything that they can to be negative about the new owners. There is simply no need for it.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by gandhisflipflop » Mon Jan 18, 2021 1:04 pm

People need to look beyond Burnley FC to see the potential of these new owners. Let me give you a hypothetical scenario. Alan Pace said he wants to set up links in America. For the purpose of this example i will use Rapid City as a random city in the USA to illustrate my point. Alan Pace sets up Rapid City Clarets and gets us in either NASL or MLS as a franchise. You have a fan base there following Rapid City in the USA and will also naturally want to start following the Clarets as they will feel as if its a part of their club playing in the PL. A lot of clubs around the world also have clubs in different sports. Barcelona for example have a basketball team. There could be potential for Rapid City Clarets to then form a basketball team and enter NBL, a hockey team and enter NHL, a 'football team' and enter NFL. All of a sudden, ALK re sitting on a huge business that pulls in an incredible amount of money all under the 'Clarets brand' Fans of other sports could be enticed into the PL to support BFC due to the marketing and we are already seeing leading people in these types of industries joining the board.

Just to say that i am not a finance expert, i don't know the ins and out of doing the above however my point is to get accross justr how the Clarets brand can be widened if people would just look beyond the town of Burnley.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by fatboy47 » Mon Jan 18, 2021 1:25 pm

arise_sir_charge wrote:
Mon Jan 18, 2021 12:57 pm
You might think that but I fully stand by it. Some people are jumping on anything and everything that they can to be negative about the new owners. There is simply no need for it.
Its all in your head. You're hearing stuff that nobody is saying.
. Why not just show some respect for others' points of view and their heartfelt anxieties about the future of the club when it travels a route that many have already been down?
By all means shout your positivity from the rooftops.. I pray its well-founded.. ..and I'd love to be back here eating humble pie in a years time..
We are all clarets..we can't all agree, but we can tolerate differences of opinion.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Chester Perry » Mon Jan 18, 2021 1:58 pm

gandhisflipflop wrote:
Mon Jan 18, 2021 1:04 pm
People need to look beyond Burnley FC to see the potential of these new owners. Let me give you a hypothetical scenario. Alan Pace said he wants to set up links in America. For the purpose of this example i will use Rapid City as a random city in the USA to illustrate my point. Alan Pace sets up Rapid City Clarets and gets us in either NASL or MLS as a franchise. You have a fan base there following Rapid City in the USA and will also naturally want to start following the Clarets as they will feel as if its a part of their club playing in the PL. A lot of clubs around the world also have clubs in different sports. Barcelona for example have a basketball team. There could be potential for Rapid City Clarets to then form a basketball team and enter NBL, a hockey team and enter NHL, a 'football team' and enter NFL. All of a sudden, ALK re sitting on a huge business that pulls in an incredible amount of money all under the 'Clarets brand' Fans of other sports could be enticed into the PL to support BFC due to the marketing and we are already seeing leading people in these types of industries joining the board.

Just to say that i am not a finance expert, i don't know the ins and out of doing the above however my point is to get accross justr how the Clarets brand can be widened if people would just look beyond the town of Burnley.
except a new MSL franchise entry fee starts at $300m now and that is paid to the league, you still have to pay for the squad, management, administration and infrastructure on to - roughly $1 billion dollars for the first 3 years and it still does not turn a profit and of the major sports it is the cheapest league to buy a new Franchise in - there is a reason why American investors are swarming all over European football (they bought 11 clubs last year alone) and are linked with a number of clubs in Europe's top leagues as I post

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by gandhisflipflop » Mon Jan 18, 2021 2:09 pm

Chester Perry wrote:
Mon Jan 18, 2021 1:58 pm
except a new MSL franchise entry fee starts at $300m now and that is paid to the league, you still have to pay for the squad, management, administration and infrastructure on to - roughly $1 billion dollars for the first 3 years and it still does not turn a profit and of the major sports it is the cheapest league to buy a new Franchise in - there is a reason why American investors are swarming all over European football (they bought 11 clubs last year alone) and are linked with a number of clubs in Europe's top leagues as I post
So forgive my ignorance Chester, where did Beckham get his money from to get Inter Miami?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Chester Perry » Mon Jan 18, 2021 2:16 pm

gandhisflipflop wrote:
Mon Jan 18, 2021 2:09 pm
So forgive my ignorance Chester, where did Beckham get his money from to get Inter Miami?
Part of the deal to get Beckham to LA Galaxy was that he would get the opportunity to buy a new Franchise at a heavily discounted rate. The global profile he brought and still brings was seen as too important for them not to do it - his franchise cost less the $30m according to some - he still has some very rich partners (he has a share and very much the public frontman but not the ultimate money) in the club and the new stadium they are trying to build has a budget of $700m. It is how these sports work as the leagues are seeking to establish themselves. There are rumours of similar deals being offered to Messi and Ronaldo.
Last edited by Chester Perry on Mon Jan 18, 2021 2:17 pm, edited 1 time in total.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by dandeclaret » Mon Jan 18, 2021 2:16 pm

gandhisflipflop wrote:
Mon Jan 18, 2021 2:09 pm
So forgive my ignorance Chester, where did Beckham get his money from to get Inter Miami?
Weren't Inter Miami an expansion licence team? EG Miami was a place they wanted a team, and so the cost was closer to £25m? Also, I think there were about 6-8 investors, including some pretty rich CEO's of big businesses - headed by Beckham. That's from memory, so could be wrong.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by aggi » Mon Jan 18, 2021 2:36 pm

gandhisflipflop wrote:
Mon Jan 18, 2021 2:09 pm
So forgive my ignorance Chester, where did Beckham get his money from to get Inter Miami?
They also have some of the Softbank executives on board which I think includes the richest man in Japan.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Chester Perry » Mon Jan 18, 2021 2:41 pm

aggi wrote:
Mon Jan 18, 2021 2:36 pm
They also have some of the Softbank executives on board which I think includes the richest man in Japan.
The spiders web that is Softbank appears all over sport and entertainment (very little difference between the two these days in the eyes of big corporations) If you look at the overlap of Softbank, Mubadala, Reliance and Silver Lake across those industries the level of influence and control they exert is incredible (they all invest in each other too and have partnerships in their many businesses) - I have been following it on the MMT thread for quite some time

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by arise_sir_charge » Mon Jan 18, 2021 6:45 pm

fatboy47 wrote:
Mon Jan 18, 2021 1:25 pm
Its all in your head. You're hearing stuff that nobody is saying.
. Why not just show some respect for others' points of view and their heartfelt anxieties about the future of the club when it travels a route that many have already been down?
By all means shout your positivity from the rooftops.. I pray its well-founded.. ..and I'd love to be back here eating humble pie in a years time..
We are all clarets..we can't all agree, but we can tolerate differences of opinion.
See this is the thing. I’m not preaching positivity, I’m preaching patience. You have decided that goalposts have moved and reality has dawned......18 days in. You’re not on your own, plenty of people are doing the same.

Also your timescale to decide regarding ‘humble pie’, of twelve months is an interesting one......what judgement would you have passed on MG and JB twelve months in? Consider thats about the time they sold Charlie Austin on the verge of the season and you get an idea as to where I’m coming from.......new owners are a long term thing and these chaps deserve the same time and patience we have shown with others but it seems minds are already made up in many quarters.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Chester Perry » Mon Jan 18, 2021 6:57 pm

arise_sir_charge wrote:
Mon Jan 18, 2021 6:45 pm
See this is the thing. I’m not preaching positivity, I’m preaching patience. You have decided that goalposts have moved and reality has dawned......18 days in. You’re not on your own, plenty of people are doing the same.

Also your timescale to decide regarding ‘humble pie’, of twelve months is an interesting one......what judgement would you have passed on MG and JB twelve months in? Consider thats about the time they sold Charlie Austin on the verge of the season and you get an idea as to where I’m coming from.......new owners are a long term thing and these chaps deserve the same time and patience we have shown with others but it seems minds are already made up in many quarters.
difficult to argue with the need for patience, I would say that was the biggest problem Mike Garlick faced, the manager and a number of fans had run out of patience, particularly with the constraints of the operating model. Much of that is down to not understanding what he was trying to do and the constraints under which he was operating and the process that led to the prioritising of activities and spend, which some would argue is largely a communication issue, but is one where frustration got in the way of trust and track record and a culture of jam today rather than looking at what is right for the club sustainably into the future.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by NewClaret » Mon Jan 18, 2021 10:54 pm

Chester Perry wrote:
Mon Jan 18, 2021 6:57 pm
difficult to argue with the need for patience, I would say that was the biggest problem Mike Garlick faced, the manager and a number of fans had run out of patience, particularly with the constraints of the operating model. Much of that is down to not understanding what he was trying to do and the constraints under which he was operating and the process that led to the prioritising of activities and spend, which some would argue is largely a communication issue, but is one where frustration got in the way of trust and track record and a culture of jam today rather than looking at what is right for the club sustainably into the future.
What are your views on what he was “trying to do”, CP? What was he trying to achieve?

I agree it’s possibly a communication issue, but what I saw, appeared to be a stockpiling of cash (up to £55m, tbc), while assets like the squad and stadium went under invested.

Putting the squad aside, there was a Twitter thread AP commented on where fans were giving their ideas on how to improve the Matchday experience and someone posted a video of the Edgeley Park refurbishment. I was amazed to see how that had been modernised and it really brought it home how far we’ve fallen behind. You’ll probably tell me they’re owned by a Sheikh now, but there’s a Conference side with better ground facilities than us. Certainly most Championship clubs have better grounds than Turf Moor.

My thoughts on squad investment are well documented but I could understand that more if it were so we could invest in other infrastructure like the ground.

How big was Mike trying to get the dry powder store before investing in these things? To your point about communication, I’d have understood if he said “we want half our revenue as cash in the bank, then we’ll start to invest... our priorities will be x, y, z”, but from my side he just appeared to have no plan at all. I got shot down for this on here, but even publishing a vision for the ground would’ve passed muster for me, then working towards it in stages, but nothing.

Hopefully that will change under ALK. When you see the calibre of the team they’re assembling, backed by MG/JB’s real-life experience (and ideally some influential US investors behind them), I’m hopeful ALK can add more value than they take out.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by dandeclaret » Mon Jan 18, 2021 11:29 pm

Newclaret.... here’s something I posted earlier that explained where I think Mg was going

If the Football Club had invested some of it's cash asset, into player assets, the value of the club wouldn't have changed, as the total assets remain the same - the directors leaving would have been paid broadly the same amount - assuming the purchasers thought it was a similarly strong investment to the value of cash. So they haven't "Pocketed the cash".

The reality is (as I've posted a few times through this thread)

Assumed cash balance £55m (Probably high)

Wage bill of £87m (accounts 2018/2019)
Assumed Wage cut (agressive) at 25% - Wage Bill becomes £66m

Income (excluding Broadcasting) £22.8m -assumed cut of 35% - 14m

Shortfall of £52m

Offset by Parachute payments of £42m and £35m

Leaves a £10m shortfall year 1, £17m in year 2 and £52m in year 3 (And this excludes likely £2 - £4m pa increase in costs for the academy)

All of a sudden, that £55m doesn't look too big. If all of a sudden, you invest in a couple of players, you're likely to see a further £30m of that disappear over 3 years, and if you sign players and they don't work out, and you get relegated, it's fairly easy to see how things can turn bad quickly.

Player recruitment at Burnley has been prudent, and allowed for 2 top 10 finishes in the last 3 years. It has been mainly unexciting, but effective.

Capital investments have gone into developing a training ground, category 1 academy with associates running costs, and development of disabled facilities in the corners. These were the priorities the club chose. There are many clubs in the champ with better grounds. If they had been smarter with their investment, and not run their clubs into huge debts, they might have made the too division for 5 years.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by aggi » Tue Jan 19, 2021 12:44 am

NewClaret wrote:
Mon Jan 18, 2021 10:54 pm
What are your views on what he was “trying to do”, CP? What was he trying to achieve?
...
Obviously I don't know what the plan was, I think most would agree that communication was generally poor.

However, my thoughts are that they wanted to gradually develop whilst building up a relegation (or covid) war chest.

In reality, substantial amounts have been spent on the ground but it's probably hit the point where sticking plaster solutions may be viewed as throwing good money away.

Also, in the event of relegation, the academy and the new training ground are going to contribute more than a new stand would. I also imagine that's where Dyche's priorities lie.

In terms of squad, the focus seemed to have become the U23s. There does seem to be a gap between the young players we're signing at one end of the scale and the "experienced" pros at the other end although it's hard to tell if that was down to the board or the manager. Maybe the plan was to see out another year or two until those young players were ready.

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