ALK Capital or Farnell/Elkashashy takeover
Re: ALK Capital or Farnell/Elkashashy takeover
Bearing in mind the January transfer window, it's nice to see the new board are spending money in the right places.
https://www.lancashiretelegraph.co.uk/n ... urnley-fc/
https://www.lancashiretelegraph.co.uk/n ... urnley-fc/
Re: ALK Capital or Farnell/Elkashashy takeover
I’d have thought that was a very important area to improve. I couldn’t tell you when the last time it was done up was and it’s a revenue stream that we can definitely improve upon.Firthy wrote: ↑Fri Feb 05, 2021 12:38 pmBearing in mind the January transfer window, it's nice to see the new board are spending money in the right places.
https://www.lancashiretelegraph.co.uk/n ... urnley-fc/
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Re: ALK Capital or Farnell/Elkashashy takeover
This will have been in process long before the new ownership came in
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Re: ALK Capital or Farnell/Elkashashy takeover
No you are right it won’t be, not in it’s present guise anyhow, the effects won’t be disappearing anytime soon though & we haven’t yet properly seen the finishing line yet before even talking about moving on to a clearer pathway.GodIsADeeJay81 wrote: ↑Thu Feb 04, 2021 1:17 pmCovid won't be here for ever, thing long term.
Stuff can be actioned whilst this is still going on.
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Re: ALK Capital or Farnell/Elkashashy takeover
The club can still action things though, there isn't any need to sit and wait, then they'll be behind even further.Jakubclaret wrote: ↑Fri Feb 05, 2021 2:16 pmNo you are right it won’t be, not in it’s present guise anyhow, the effects won’t be disappearing anytime soon though & we haven’t yet properly seen the finishing line yet before even talking about moving on to a clearer pathway.
Now they can catch up
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Re: ALK Capital or Farnell/Elkashashy takeover
I will add to that and say every club in the league generates more matchday income than us, and consequently has less reliance on tv income - full house will see all teams above us recover their financial revenues more quickly. We will lag behind because the impact of TV rebates are likely to linger for another 2 - 4 seasons as the cost is spread in the central distribution. what is a current strength will once again be a weakness very quicklyJakubclaret wrote: ↑Fri Feb 05, 2021 2:16 pmNo you are right it won’t be, not in it’s present guise anyhow, the effects won’t be disappearing anytime soon though & we haven’t yet properly seen the finishing line yet before even talking about moving on to a clearer pathway.
Re: ALK Capital or Farnell/Elkashashy takeover
I find this attitude really odd.Firthy wrote: ↑Fri Feb 05, 2021 12:38 pmBearing in mind the January transfer window, it's nice to see the new board are spending money in the right places.
https://www.lancashiretelegraph.co.uk/n ... urnley-fc/
Because we’ve found it difficult to sign players, for a multitude of reasons, we therefore shouldn’t spend a fraction of that on maintenance of the ground.
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Re: ALK Capital or Farnell/Elkashashy takeover
Was planned for last summer so but for circumstances would have been done and dusted long before any takover.Firthy wrote: ↑Fri Feb 05, 2021 12:38 pmBearing in mind the January transfer window, it's nice to see the new board are spending money in the right places.
https://www.lancashiretelegraph.co.uk/n ... urnley-fc/
Re: ALK Capital or Farnell/Elkashashy takeover
It just says the application has been improved. It doesn’t say new owners are going ahead with it. There isn’t a pot to p*ss in so could be propped up with plywood yet.
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Re: ALK Capital or Farnell/Elkashashy takeover
And maybe the work will be complete before fans are able to return to t'Turf.ClaretTony wrote: ↑Fri Feb 05, 2021 4:28 pmWas planned for last summer so but for circumstances would have been done and dusted long before any takover.
It's good news that work is getting done in a "quiet period." Plus it means wages for the people doing the work.
UTC
Re: ALK Capital or Farnell/Elkashashy takeover
On the proviso that there are no plans afoot for developing the Bob Lord, I’d also be doing a lot more work on the frontage of that stand.
It’s the main stand that is seen and the one that is predominantly shown on TV during any outside the ground coverage.
The main stand and entrance should be far more appealing than it currently is, despite the improvements made.
It’s the main stand that is seen and the one that is predominantly shown on TV during any outside the ground coverage.
The main stand and entrance should be far more appealing than it currently is, despite the improvements made.
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Re: ALK Capital or Farnell/Elkashashy takeover
MSD UK Holdings Ltd GBP 65,000,000 8% unsecured, due 2031, admitted to the official list The International Stock Exchange (TISE), Guernsey at 18:00 on 4th February 2021.
https://tisegroup.com/market/securities/12598
We've previously seen MSD UK Holdings list 3 other unsecured loan notes on TISE.
Is the latest loan note linked to the loan to ALK Capital?
Is anyone able to get documentation for these TISE securities? Similarly, is anyone able to obtain credit rating reports (S&P, Fitch, Moodys)? I'm making the assumption that any unsecured loan notes will require an independent credit rating to support listing on a stock exchange.
Exciting times.
UTC
https://tisegroup.com/market/securities/12598
We've previously seen MSD UK Holdings list 3 other unsecured loan notes on TISE.
Is the latest loan note linked to the loan to ALK Capital?
Is anyone able to get documentation for these TISE securities? Similarly, is anyone able to obtain credit rating reports (S&P, Fitch, Moodys)? I'm making the assumption that any unsecured loan notes will require an independent credit rating to support listing on a stock exchange.
Exciting times.
UTC
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Re: ALK Capital or Farnell/Elkashashy takeover
I really don’t understand why you write exciting times on every post. I just imagine you sitting there shaking with glee for some reason
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Re: ALK Capital or Farnell/Elkashashy takeover
there are an awful lot of clubs in Europe looking for finance right now (e.g. Inter Milan are looking for around 200m Euros), Derby were reported to have gone back to MSD as well, though Mel would have to use Pride Park as Collateral as the club has nothing else left, and there are even reports that it is Dell not ALK who is interested in the acquisition of SpeziaPaul Waine wrote: ↑Fri Feb 05, 2021 5:02 pmMSD UK Holdings Ltd GBP 65,000,000 8% unsecured, due 2031, admitted to the official list The International Stock Exchange (TISE), Guernsey at 18:00 on 4th February 2021.
https://tisegroup.com/market/securities/12598
We've previously seen MSD UK Holdings list 3 other unsecured loan notes on TISE.
Is the latest loan note linked to the loan to ALK Capital?
Is anyone able to get documentation for these TISE securities? Similarly, is anyone able to obtain credit rating reports (S&P, Fitch, Moodys)? I'm making the assumption that any unsecured loan notes will require an independent credit rating to support listing on a stock exchange.
Exciting times.
UTC
Re: ALK Capital or Farnell/Elkashashy takeover
FAO Bodge.
Thanks for the question on the other thread. It's only fair to answer it here as this is what it pointed to,
I've read the thread with interest but since the takeover there wasn't anything to add on my part. I understand people's concerns with regards to how the takeover was funded although I am none the wiser than anyone else how it has been structured. I guess time may tell.
From what I am told. Nothing has changed regards their plans,
Has it panned out as I thought? Well he's been a little too communicative for me. Sometimes less is more. I think communication has been good but within reason. Overall it has panned out but I, as Pace himself intimated; expected signings.
However. As was proven on deadline day. What was it? Nine incomings across the entire PL and six of those were loans. It seems it was a far more difficult window than usual due to the current circumstances we all face. It's only been just over a month though. Time will tell on how much comes to fruition.
Thanks for the question on the other thread. It's only fair to answer it here as this is what it pointed to,
I've read the thread with interest but since the takeover there wasn't anything to add on my part. I understand people's concerns with regards to how the takeover was funded although I am none the wiser than anyone else how it has been structured. I guess time may tell.
From what I am told. Nothing has changed regards their plans,
Has it panned out as I thought? Well he's been a little too communicative for me. Sometimes less is more. I think communication has been good but within reason. Overall it has panned out but I, as Pace himself intimated; expected signings.
However. As was proven on deadline day. What was it? Nine incomings across the entire PL and six of those were loans. It seems it was a far more difficult window than usual due to the current circumstances we all face. It's only been just over a month though. Time will tell on how much comes to fruition.
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Re: ALK Capital or Farnell/Elkashashy takeover
Thanks Ben for taking the time to post, appreciate your thoughts.
The old maxim of actions speak louder than words applies with this whole shooting match, let's give them chance to put their plans in place and see if they come to fruition.
The old maxim of actions speak louder than words applies with this whole shooting match, let's give them chance to put their plans in place and see if they come to fruition.
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Re: ALK Capital or Farnell/Elkashashy takeover
I just hope we maintain our fanbase when Covid is over and the 2021/2022 season tickets are announced. From speaking to numerous friends and work colleagues etc quite a few have fallen out of love with football. its been nearly a year since attending a live game and quite a few are unsure about renewing their ST for various reasons.I Personally think it wouldn't be wise to increase ST prices for those that took their money out or remove the option of monthly payments.
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Re: ALK Capital or Farnell/Elkashashy takeover
Hi CP, do any of your contacts in the "football finance" world have access to the MSD loan notes listed in TISE? Or, for that matter, credit ratings issued on the same?Chester Perry wrote: ↑Fri Feb 05, 2021 5:27 pmthere are an awful lot of clubs in Europe looking for finance right now (e.g. Inter Milan are looking for around 200m Euros), Derby were reported to have gone back to MSD as well, though Mel would have to use Pride Park as Collateral as the club has nothing else left, and there are even reports that it is Dell not ALK who is interested in the acquisition of Spezia
If we can get access to this info we might get some better insights into how MSD is operating - and if any of the listed securities relate to ALK/BFC borrowing.
Exciting times.
UTC
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Re: ALK Capital or Farnell/Elkashashy takeover
Chester Perry wrote: ↑Fri Feb 05, 2021 5:27 pmthere are an awful lot of clubs in Europe looking for finance right now (e.g. Inter Milan are looking for around 200m Euros), Derby were reported to have gone back to MSD as well, though Mel would have to use Pride Park as Collateral as the club has nothing else left, and there are even reports that it is Dell not ALK who is interested in the acquisition of Spezia
Didn't Mel already do something with Pride Park recently, "sold it" to himself in some way?
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Re: ALK Capital or Farnell/Elkashashy takeover
I don't have any contacts in the football finance world (thanks for assuming I am connected though - i think) and I do not know anyone who has the access you are looking for as I would have pursued it myselfPaul Waine wrote: ↑Fri Feb 05, 2021 6:51 pmHi CP, do any of your contacts in the "football finance" world have access to the MSD loan notes listed in TISE? Or, for that matter, credit ratings issued on the same?
If we can get access to this info we might get some better insights into how MSD is operating - and if any of the listed securities relate to ALK/BFC borrowing.
Exciting times.
UTC
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Re: ALK Capital or Farnell/Elkashashy takeover
sold it to himself 3 seasons back for about £81m, the book profit which was substantial saved Derby from FFP fines, of course Mel is trying to sell the club without putting anymore money in, though that is not going to wellGodIsADeeJay81 wrote: ↑Fri Feb 05, 2021 6:56 pmDidn't Mel already do something with Pride Park recently, "sold it" to himself in some way?
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Re: ALK Capital or Farnell/Elkashashy takeover
Hi Newcastle, I think I've made an attempt to explain "exciting times" once or twice already on here - and I once "slipped up" and mis-typed as "exiting times."Newcastleclaret93 wrote: ↑Fri Feb 05, 2021 5:22 pmI really don’t understand why you write exciting times on every post. I just imagine you sitting there shaking with glee for some reason
To recap:
1) Being a Burnley fan is exciting. It was exciting at Stamford Bridge when we beat Chelsea, on penalties, in the "Capital Punishment" Cup. Similarly, it was exciting to play Spurs in the semis, especially that wonderful night when, but for away goals rule, we were through to Wembley. It was exciting at Charlton after "23, 23 undefeated" and returning to the Premier League as champions. (It was also exciting that day to watch Nick Pope for the first time). It was exciting, again, at Stamford Bridge, 3-0 up at half-time and more than a little "nail biting" through to the final whistle. It was exciting that we finally and deservedly got the win at Old Trafford last season. Ditto Anfield 2 weeks ago. Of course, there numerous other occasions I could add to my list of excitement at Burnley games. Alongside, there have been some "downs" but that's what makes the excitement so much greater.
2) I was fortunate in my career to enjoy a lot of what I did - I retired last March. I experienced, in a little way, some of the innovative and smart ideas that led to businesses moving forward and growing, in some cases breaking through into areas that most would have thought were outside their reach. Innovation is exciting when you see it being attempted and more so when you see it executed well and the goals are achieved. If you try and don't succeed, well that is the opportunity to "try and try again."
3) Most of us want Burnley to remain in the Premier League, most of us want "2 top 10 finishes" to be repeated and to have another crack at Europe (especially, when we can travel again). My sense of the last few years is that the financial slope in the Premier League has got steeper and steeper. Whereas, when we won at Charlton and returned for our 3rd season in the Premier League there was a sense that we could now build the platform "to compete" the costs of running a Premier League team have grown and grown again. They'd certainly grown to the extent that BFC found it difficult to compete in the transfer windows. Mike Garlick and John B were aware of this and had decide it was time for them to pass on ownership to someone who could take the club forward. I can imagine that the search for the right new owner was challenging. I found the last few weeks of 2020 exciting as we learnt at little of possible new owners and then, at the end of the year, the deal was done.
4) Alan Pace has expressed his strategy for BFC very well. I've enjoyed his videos. I get the idea of growing Burnley's revenue by growing Burnley's "brand," whether it is everyone's favourite "underdog" or it is in some other guise (I don't think there's much mileage in "plucky loser, btw). If ALK are using some innovative financing techniques, things that haven't been done before by football clubs, then that is exciting for me. "Looking and learning" how the financial strategy is being put together is also exciting for me. Yes, I may be a little "weird" like that. Grant me that we can all be a little "weird" or different in our ways.
I guess it all comes down to where we all are in terms of staying in the Premier League. Do any of us think we could be there for 5 more seasons if the ownership didn't change? I see our new owners giving the club a chance to have long term ambitions. I think it will be an exciting ride. There may be "bumps in the road" and those "bumps" may be there whoever our owners are. One group of owners may be tripped up by the bumps, another may take them in their stride and continue to progress. I'm looking forward to the excitement.
"Glee?" At the moment it's more "quiet excitement" and not the "scream out loud" that we will enjoy whenever the team scores. But, hey, we are in lockdown, so there's time for "quiet excitement."
I remain
Exciting times.
UTC
Last edited by Paul Waine on Fri Feb 05, 2021 7:57 pm, edited 1 time in total.
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Re: ALK Capital or Farnell/Elkashashy takeover
So if he was to borrow or "sell" it again £81 million would be his starting point I'd guess.Chester Perry wrote: ↑Fri Feb 05, 2021 7:00 pmsold it to himself 3 seasons back for about £81m, the book profit which was substantial saved Derby from FFP fines, of course Mel is trying to sell the club without putting anymore money in, though that is not going to well
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Re: ALK Capital or Farnell/Elkashashy takeover
Hi CP, I was think about the guys who do the various "football finance research" articles. Isn't there a guy who posts on here occasionally, is it "The Esk" or something? I believe you call him "Paul" when he posts?Chester Perry wrote: ↑Fri Feb 05, 2021 6:58 pmI don't have any contacts in the football finance world (thanks for assuming I am connected though - i think) and I do not know anyone who has the access you are looking for as I would have pursued it myself
I'll put my thinking cap on and see if there's another way of accessing further insights.
Exciting times.
UTC
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Re: ALK Capital or Farnell/Elkashashy takeover
no he doesn't have the access either - tried that route several weeks backPaul Waine wrote: ↑Fri Feb 05, 2021 7:20 pmHi CP, I was think about the guys who do the various "football finance research" articles. Isn't there a guy who posts on here occasionally, is it "The Esk" or something? I believe you call him "Paul" when he posts?
I'll put my thinking cap on and see if there's another way of accessing further insights.
Exciting times.
UTC
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Re: ALK Capital or Farnell/Elkashashy takeover
I thought he had raised money against it before from the guy he though was going to buy the club last summer, that fell by the wayside and the current deal seems to be going the same wayGodIsADeeJay81 wrote: ↑Fri Feb 05, 2021 7:02 pmSo if he was to borrow or "sell" it again £81 million would be his starting point I'd guess.
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Re: ALK Capital or Farnell/Elkashashy takeover
There are lots of things that concern me about this takeover, but the lack of signings isn’t really one of them. I seems to me that the players we were linked with - Nathan Collins, Jonjo Kenny - were unlikely to go straight into the team anyway. Given that signing players in January seems to get ever more difficult, I can understand why they may have decided to hang fire until the summer. Dyche certainly seems pretty relaxed about it.BenWickes wrote: ↑Fri Feb 05, 2021 5:37 pmFAO Bodge.
Thanks for the question on the other thread. It's only fair to answer it here as this is what it pointed to,
I've read the thread with interest but since the takeover there wasn't anything to add on my part. I understand people's concerns with regards to how the takeover was funded although I am none the wiser than anyone else how it has been structured. I guess time may tell.
From what I am told. Nothing has changed regards their plans,
Has it panned out as I thought? Well he's been a little too communicative for me. Sometimes less is more. I think communication has been good but within reason. Overall it has panned out but I, as Pace himself intimated; expected signings.
However. As was proven on deadline day. What was it? Nine incomings across the entire PL and six of those were loans. It seems it was a far more difficult window than usual due to the current circumstances we all face. It's only been just over a month though. Time will tell on how much comes to fruition.
Doesn’t allay my concerns as to how the deal appears to have been structured, how much will be available and where it's coming from tough...
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Re: ALK Capital or Farnell/Elkashashy takeover
Fair enough, if you are genuinely excited. I honestly thought you were just taking the mick out of people that were genuinely concerned.Paul Waine wrote: ↑Fri Feb 05, 2021 7:02 pmHi Newcastle, I think I've made an attempt to explain "exciting times" once or twice already on here - and I once "slipped up" and mis-typed as "exiting times."
To recap:
1) Being a Burnley fan is exciting. It was exciting at Stamford Bridge when we beat Chelsea, on penalties, in the "Capital Punishment" Cup. Similarly, it was exciting to play Spurs in the semis, especially that wonderful night when, but for away goals rule, we were through to Wembley. It was exciting at Charlton after "23, 23 undefeated" and returning to the Premier League as champions. (It was also exciting that day to watch Nick Pope for the first time). It was exciting, again, at Stamford Bridge, 3-0 up at half-time and more than a little "nail biting" through to the final whistle. It was exciting that we finally and deservedly got the win at Old Trafford last season. Ditto Anfield 2 weeks ago. Of course, there numerous other occasions I could add to my list of excitement at Burnley games. Alongside, there have been some "downs" but that's what makes the excitement so much greater.
2) I was fortunate in my career to enjoy a lot of what I did - I retired last March. I experienced, in a little way, some of the innovative and smart ideas that led to businesses moving forward and growing, in some cases breaking through into areas that most would have thought were outside their reach. Innovation is exciting when you see it being attempted and more so when you see it executed well and the goals are achieved. If you try and don't succeed, well that is the opportunity to "try and try again."
3) Most of us want Burnley to remain in the Premier League, most of us want "2 top 10 finishes" to be repeated and to have another crack at Europe (especially, when we can travel again). My sense of the last few years is that the financial slope in the Premier League has got steeper and steeper. Whereas, when we won at Charlton and returned for our 3rd season in the Premier League there was a sense that we could now build the platform "to compete" the costs of running a Premier League team have grown and grown again. They'd certainly grown to the extent that BFC found it difficult to compete in the transfer windows. Mike Garlick and John B were aware of this and had decide it was time for them to pass on ownership to someone who could take the club forward. I can imagine that the search for the right new owner was challenging. I found the last few weeks of 2020 exciting as we learnt at little of possible new owners and then, at the end of the year, the deal was done.
4) Alan Pace has expressed his strategy for BFC very well. I've enjoyed his videos. I get the idea of growing Burnley's revenue by growing Burnley's "brand," whether it is everyone's favourite "underdog" or it is in some other guise (I don't think there's much mileage in "plucky loser, btw). If ALK are using some innovative financing techniques, things that haven't been done before by football clubs, then that is exciting for me. "Looking and learning" how the financial strategy is being put together is also exciting for me. Yes, I may be a little "weird" like that. Grant me that we can all be a little "weird" or different in our ways.
I guess it all comes down to where we all are in terms of staying in the Premier League. Do any of us think we could be there for 5 more seasons if the ownership didn't change? I see our new owners giving the club a chance to have long term ambitions. I think it will be an exciting ride. There may be "bumps in the road" and those "bumps" may be there whoever our owners are. One group of owners may be tripped up by the bumps, another may take them in their stride and continue to progress. I'm looking forward to the excitement.
"Glee?" At the moment it's more "quiet excitement" and not the "scream out loud" that we will enjoy whenever the team scores. But, hey, we are in lockdown, so there's time for "quiet excitement."
I remain
Exciting times.
UTC
I get your point I honestly think we are worst of than under Garlick. At least there was money in the bank to keep the club afloat. With everything that has gone on due to Covid I am very concerned that the PL money follows the French league and decreases massively.
Re: ALK Capital or Farnell/Elkashashy takeover
That's pretty much all we can do but I'm not overly worried. Certainly none more so than under the previous incumbents.
Re: ALK Capital or Farnell/Elkashashy takeover
Unfortunately Ash is injured at the minute so work is suspended until he is fit enough to carry on with itPaul Waine wrote: ↑Fri Feb 05, 2021 4:41 pmAnd maybe the work will be complete before fans are able to return to t'Turf.
It's good news that work is getting done in a "quiet period." Plus it means wages for the people doing the work.
UTC
Apparently Defour used to labour for him but even Ash gave up on him ever being fit enough to carry a screwdriver again
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Re: ALK Capital or Farnell/Elkashashy takeover
I don’t think the French league has the same appeal worldwide as the Premier League so can’t see much concern over future tv money especially when fans return hopefully for the start of next season.Newcastleclaret93 wrote: ↑Fri Feb 05, 2021 8:52 pmFair enough, if you are genuinely excited. I honestly thought you were just taking the mick out of people that were genuinely concerned.
I get your point I honestly think we are worst of than under Garlick. At least there was money in the bank to keep the club afloat. With everything that has gone on due to Covid I am very concerned that the PL money follows the French league and decreases massively.
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Re: ALK Capital or Farnell/Elkashashy takeover
A very lengthy commentary from the Athletic today on the Burnley takeover - a lot of what is said is already on this thread, much of it feels like I wrote it myself, particularly those sections on leveraged debt to buy not develop the club and the somewhat poignant reminder of Barry Kilby telling the press and the DCMS committee (in a special hearing at Turf Moor no less) that owners should not put debt onto a football club to enhance their own interests.
https://twitter.com/OliverKay/status/13 ... 0438088719
https://twitter.com/OliverKay/status/13 ... 0438088719
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Re: ALK Capital or Farnell/Elkashashy takeover
Steve-Harpers-perm wrote: ↑Sat Feb 06, 2021 9:34 amI don’t think the French league has the same appeal worldwide as the Premier League so can’t see much concern over future tv money especially when fans return hopefully for the start of next season./
posted this Thursday on the MMT thread - note last para
The best the the French Ligue could get was a deal offering half of what was initially contracted for the season, with Canal+ reportedly paying an additional 35m Euros for the 80% of games it originally didn't have - in essence that means Canal + agreed to retain it's current deal and not hand back it's rights as first requested and more importantly that all other bidders including Amazon bid substantially less.Chester Perry wrote: ↑Thu Feb 04, 2021 7:15 pmLe Figaro are reporting that Canal+ have taken all the rights for Ligue 1 and 2 through to the end of the season at half the price that the previous deal was done for
https://translate.google.com/translate? ... e-20210204
With Italy's Serie A still not concluding it's rights tender, fresh negotiations begin tomorrow, the Bundesliga seeing it's rights drop around 20%, La Liga and UEFA also experiencing difficulties is there anyone left who thinks the Premier Leagues rights are going to show strong or any growth?
The Premier League paid it's central distribution, in full last season, the total £330m rebate 2019/20 season rebate was to be deducted from this and next seasons central distribution, the total amount from each club was to be calculated over last season and this (based on final league position and tV appearances) our season 1 share was £13.4m. None of this incorporates the £160m shortfall from China last season or the similar amount for this season for the same reason, there is no deal in place for next season either as things stand. Then there is the issue of rebates generated in the current season, which as yet unknown.
Many leagues and sports are tendering for new tv cycles at this point as are FIFA, UEAFA, NFL, NBA, MLB and NHL, The market place is proving to be extremely tough, especially as Private Equity has got into the act of owning part of the commercial rights from Leagues and sports that are for sale (they are wanting their share and have been putting aggressive pricing structures in place that broadcasters have just either refused to contemplate or seriously underbid. Those hoping that Amazon would up it's game have learned that Amazon is interested but only if it is very cheap like the giveaway that the Premier League offered them last time round,
Re: ALK Capital or Farnell/Elkashashy takeover
Sky won’t be bidding anything like what they have previously for tv rights , even Channel 4 outbid them for the cricket
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Re: ALK Capital or Farnell/Elkashashy takeover
there were a lot of reasons for that, a bigger game being played by Comcast/Sky and even BT in that including the social need for a section of the public to have this on free to air (like lockdown football)
Re: ALK Capital or Farnell/Elkashashy takeover
Lockdown football isn’t free to airChester Perry wrote: ↑Sat Feb 06, 2021 1:51 pmthere were a lot of reasons for that, a bigger game being played by Comcast/Sky and even BT in that including the social need for a section of the public to have this on free to air (like lockdown football)
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Re: ALK Capital or Farnell/Elkashashy takeover
Sky have cut back on golf and cricket the last few years because they blew all the money on Premier League , they won’t do it againChester Perry wrote: ↑Sat Feb 06, 2021 1:51 pmthere were a lot of reasons for that, a bigger game being played by Comcast/Sky and even BT in that including the social need for a section of the public to have this on free to air (like lockdown football)
Re: ALK Capital or Farnell/Elkashashy takeover
How many games this/last weekend ?
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Re: ALK Capital or Farnell/Elkashashy takeover
BBC are showing much more MOTD than normal and have had a couple of games on free to air - like WBA v Fulham last week.
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Re: ALK Capital or Farnell/Elkashashy takeover
They don't need to and that is what is driving the rights value down, the concorde agreements between the 3 live broadcasters has driven that downward. remember that Comcast borrowed a huge sum to pay for Sky, there was always going to be a search for consolidation and cost cutting to meet that cost. Comcast are doing a lot of cost cutting in North America too, including closing down NBCSN this year - it is possible that Comcast will balance a reduction of income from Sky in the next cycle with an increase from Peacock in the US, and Sky services across Europe. There is real complexity in the overall thinking on this.
Re: ALK Capital or Farnell/Elkashashy takeover
A few games , it’s hardly free to view to keep the nations spirits up .It was the pay per view that got binnedCubanclaret wrote: ↑Sat Feb 06, 2021 2:00 pmBBC are showing much more MOTD than normal and have had a couple of games on free to air - like WBA v Fulham last week.
Re: ALK Capital or Farnell/Elkashashy takeover
Nothing really new there but interesting to see another prominent journalist doubling down on the takeover details.Chester Perry wrote: ↑Sat Feb 06, 2021 1:00 pmA very lengthy commentary from the Athletic today on the Burnley takeover - a lot of what is said is already on this thread, much of it feels like I wrote it myself, particularly those sections on leveraged debt to buy not develop the club and the somewhat poignant reminder of Barry Kilby telling the press and the DCMS committee (in a special hearing at Turf Moor no less) that owners should not put debt onto a football club to enhance their own interests.
https://twitter.com/OliverKay/status/13 ... 0438088719
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Re: ALK Capital or Farnell/Elkashashy takeover
Was even an article about how Sheffield United ‘escaped’ ALK. Almost as boring as the numerous daily critical posts after 4 weeks in charge of the club.
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Re: ALK Capital or Farnell/Elkashashy takeover
Yes or perhaps the journalists know the facts and are reporting the realities of our situation.Steve-Harpers-perm wrote: ↑Sat Feb 06, 2021 7:09 pmWas even an article about how Sheffield United ‘escaped’ ALK. Almost as boring as the numerous daily critical posts after 4 weeks in charge of the club.
An owner with no money has managed to take over a premier league club. Which is looking likely will end like Bolton or Wigan in the long run.
Time will tell but I don’t understand the hate journalists are getting from a section of Burnley fans.
Re: ALK Capital or Farnell/Elkashashy takeover
Sheff Utd did indeed have a very lucky escape. They're going down this year which would have been absolutely catastrophic if ALK had got their hands on them.
We'd just better hope we don't go down.
We'd just better hope we don't go down.
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Re: ALK Capital or Farnell/Elkashashy takeover
Proper ray of sunshine aren't you?Newcastleclaret93 wrote: ↑Sat Feb 06, 2021 7:15 pmYes or perhaps the journalists know the facts and are reporting the realities of our situation.
An owner with no money has managed to take over a premier league club. Which is looking likely will end like Bolton or Wigan in the long run.
Time will tell but I don’t understand the hate journalists are getting from a section of Burnley fans.
Re: ALK Capital or Farnell/Elkashashy takeover
How is it looking ‘likely’ we will end up like Bolton, or Wigan.Newcastleclaret93 wrote: ↑Sat Feb 06, 2021 7:15 pmYes or perhaps the journalists know the facts and are reporting the realities of our situation.
An owner with no money has managed to take over a premier league club. Which is looking likely will end like Bolton or Wigan in the long run.
Time will tell but I don’t understand the hate journalists are getting from a section of Burnley fans.
It’s not hate though, is it? I have concerns, and I have no issue with journalists putting the spotlight on our takeover, but I’m prepared to wait more than 4 weeks before I make up my mind.
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Re: ALK Capital or Farnell/Elkashashy takeover
Once the owners show us something to be happy about I will re assess my opinion.
I am still gutted that the premier league has allowed this takeover to happen. The more you read and hear highlights just how poor of a deal for the club it was.
Like I said they might make it work but at the moment it’s looking like we are going to end up like the clubs I mentioned.