First time I’ve heard Dyche acknowledge off pitch distractions:

“The Premier League is unforgiving
I wasn't going into this thinking we would have maximum points.
I don't think anyone would call Sheffield United's start to the season. The Premier League is tough
We are stretched, we have a lot going on, on and off the pitch, and we are trying to manufacture a way of working that will keep us on the straight and narrow and get us to win games.”

NewClaret wrote: ↑

Sat Oct 03, 2020 11:24 pm

First time I’ve heard Dyche acknowledge off pitch distractions:

“The Premier League is unforgiving
I wasn't going into this thinking we would have maximum points.
I don't think anyone would call Sheffield United's start to the season. The Premier League is tough
We are stretched, we have a lot going on, on and off the pitch, and we are trying to manufacture a way of working that will keep us on the straight and narrow and get us to win games.”

That’s actually a fairly good interview from Dyche to be fair.

I can picture dyche telling the board, "if you sell tarky, I'm off"

This is why we have no money, they wanted to sell tarky.

For a takeover very close three weeks ago it's taking far too long to sort
Are the Americans waiting till the window shuts to avoid putting out serious funds to help Sean?
If Tarky is sold and Sean goes due to our boards stupidity we will also go.
This fiasco is as wearing as lockdown

Maybe the takeover will go through tomorrow, and we will have a flurry of signings. One can dream.

gandhisflipflop wrote: ↑

Sun Oct 04, 2020 4:07 pm

Maybe the takeover will go through tomorrow, and we will have a flurry of signings. One can dream.

gandhisflipflop wrote: ↑

Sun Oct 04, 2020 4:07 pm

Maybe the takeover will go through tomorrow, and we will have a flurry of signings. One can dream.

Your Christmas eve today, sweet dreams

Wokingclaret wrote: ↑

Sun Oct 04, 2020 4:19 pm

Your Christmas eve today, sweet dreams

Doubt there’ll be anything left under the Turf Moor tree

I did say I can dream

Can anyone still see this happening ...it seems to be dragging on too long

Would love an update - we are in the dark on so many things, would love to see us pull off a decent signing tomorrow but there’s very little chance by the sounds of things, I’m just worried about losing Dyche - he for me is irreplaceable

Maybe they watched last night and thought maybe get the price down a bit....

This kind of reminds me of buying a house, you get told completion is "close" and take that to mean you'll be getting the keys in a week or so, then 6 weeks later you're still waiting around wondering what the hell the solicitors are doing. I can imagine buying a football club is a thousand times worse when it comes to getting the deal across the line.

Hedontplayforyou wrote: ↑

Sun Oct 04, 2020 4:34 pm

Would love an update - we are in the dark on so many things, would love to see us pull off a decent signing tomorrow but there’s very little chance by the sounds of things, I’m just worried about losing Dyche - he for me is irreplaceable

We should be used to it by now. The best thing is to expect nothing.

The takeover will probably be announced just after the transfer window closes.

Steve-Harpers-perm wrote: ↑

Sun Oct 04, 2020 8:25 pm

The takeover will probably be announced just after the transfer window closes.

..... In February

Grumps wrote: ↑

Sun Oct 04, 2020 8:28 pm

..... In February

We’ll probably unveil Henri Lansbury in a cheesy video like we did with Dale Stephens.

Is it important this happens before the 16th to enable transfers, because it all seems to have gone a bit quite.

I have not seen or heard nothing that this takeover will ever happen.
Even less that this transaction would involve anything other than a recipe for disaster.
No benefactor willing to spend brass on what we all want but rather the threat of going from being cash rich to be saddled with a debt that was used to buy the club

Spike wrote: ↑

Tue Oct 06, 2020 8:43 am

I have not seen or heard nothing that this takeover will ever happen.
Even less that this transaction would involve anything other than a recipe for disaster.
No benefactor willing to spend brass on what we all want but rather the threat of going from being cash rich to be saddled with a debt that was used to buy the club

Hi Spike, there are posts on this thread that make the opposite argument. If ALK Capital acquires Burnley they will finance it as a SPAC, the money to buy the club will come from the investors in the SPAC. They are pursuing a capital gain strategy, not income generating returns. They won't risk this by "saddling the club with debt."

UTC

From what I have been told, the Americans were hoping the deal would have been finalised by now, but things have got 'complicated'. There is a sense of frustration on their part. Talks still ongoing.

Someone mentioned that negotiating with Clive Holt is difficult...…..

Herts Clarets wrote: ↑

Tue Oct 06, 2020 9:01 am

From what I have been told, the Americans were hoping the deal would have been finalised by now, but things have got 'complicated'. There is a sense of frustration on their part. Talks still ongoing.

Someone mentioned that negotiating with Clive Holt is difficult...…..

Clive Holt will be frightened of missing out on his free meal and bottle of red every Saturday afternoon

There's people who have been at that club far too long and have become far too comfortable.

Local cricketer wrote: ↑

Tue Oct 06, 2020 9:10 am

Clive Holt will be frightened of missing out on his free meal and bottle of red every Saturday afternoon

Clive was partial to a chilled Tio Pepe back when i used to deal with the directors on a match day.

It does seem to have gone really quiet.

mybloodisclaret wrote: ↑

Tue Oct 06, 2020 12:22 pm

It does seem to have gone really quiet.

To be fair it's only ever been press speculation, never a comment from either party, so there's nothing to have gone quiet really

The fella who broke the news from Reuters, says talks are still on going and progressing but not going quickly

I would imagine ALK are taking the Garlick approach "We know you want 300 million so we are willing to offer 190, 12 upfront and the rest over 700 years with 90% of that as add-ons if Burnley win the World Cup"

Herts Clarets wrote: ↑

Tue Oct 06, 2020 9:01 am

From what I have been told, the Americans were hoping the deal would have been finalised by now, but things have got 'complicated'. There is a sense of frustration on their part. Talks still ongoing.

Someone mentioned that negotiating with Clive Holt is difficult...…..

Why should Clive Holt be involved?

Spijed wrote: ↑

Tue Oct 06, 2020 12:50 pm

Why should Clive Holt be involved?

Hes a Director of the Club

ALK Capital, from what I can tell, have £0 funds. Presumably they intend to raise some? How much and from where?

If they only intend to raise enough to buy the shares, or, worse yet, from debt, I am dead set against this.

If they have a consortium of wealthy backers prepared to invest enough to buy the shares and then invest in the club - players and infrastructure - there may be something in it.

I’m yet to be convinced though.

Spijed wrote: ↑

Tue Oct 06, 2020 12:50 pm

Why should Clive Holt be involved?

never change Spijed

NewClaret wrote: ↑

Tue Oct 06, 2020 1:09 pm

ALK Capital, from what I can tell, have £0 funds. Presumably they intend to raise some? How much and from where?

If they only intend to raise enough to buy the shares, or, worse yet, from debt, I am dead set against this.

If they have a consortium of wealthy backers prepared to invest enough to buy the shares and then invest in the club - players and infrastructure - there may be something in it.

I’m yet to be convinced though.

It seems impossible to tell given the only name if seen released is the front guy.

NewClaret wrote: ↑

Tue Oct 06, 2020 1:09 pm

ALK Capital, from what I can tell, have £0 funds. Presumably they intend to raise some? How much and from where?

If they only intend to raise enough to buy the shares, or, worse yet, from debt, I am dead set against this.

If they have a consortium of wealthy backers prepared to invest enough to buy the shares and then invest in the club - players and infrastructure - there may be something in it.

I’m yet to be convinced though.

ALK is just a front for what they describe as a number of wealthy individuals who will all contribute whatever their agreed share of the costs. It is a very common sports franchise ownership method in the US. The 'headline' owner will, usually, have the largest stake, but not always. Sometimes they are just the most prominent or happy to take the limelight.

Turfytop wrote: ↑

Tue Oct 06, 2020 12:46 pm

The fella who broke the news from Reuters, says talks are still on going and progressing but not going quickly

I'm not so sure he posts on UTC but did on the old message board

NewClaret wrote: ↑

Tue Oct 06, 2020 1:09 pm

ALK Capital, from what I can tell, have £0 funds. Presumably they intend to raise some? How much and from where?

If they only intend to raise enough to buy the shares, or, worse yet, from debt, I am dead set against this.

If they have a consortium of wealthy backers prepared to invest enough to buy the shares and then invest in the club - players and infrastructure - there may be something in it.

I’m yet to be convinced though.

Hi New, it is highly likely - though I'm not sure whether it has been definitively confirmed - ALK Capital is pursuing a SPAC strategy. There are a few posts earlier on this thread that explains how this will work. A SPAC is a Special-Purpose Acquisition Corporation - equity is raised from multiple investors by acquiring shares in the SPAC. Their strategy is that Premier League football clubs will rise in value over the coming years - giving their owners a capital gain (rather than annual dividends). The US sports franchise model has already shown these gains over many years. Yes, there are differences with Premier League - relegation and no draft are two obvious differences. However, we are in a low interest rate (and low yield) world, so the Premier League is very attractive compared with other ways of investing your money. The SPAC structure makes this an opportunity for the ordinary "moderately wealthy" sports fan, giving them the opportunity to share in the returns that are otherwise only accessible to billionaires.

Of course, there's no guarantee that ALK Capital will reach agreement to acquire Burnley FC.

UTC

Grumps wrote: ↑

Tue Oct 06, 2020 12:32 pm

To be fair it's only ever been press speculation, never a comment from either party, so there's nothing to have gone quiet really

Sorry I was referring to posts from Daniel J Waterhouse and Ben Wickes who were posting information that turned out to have some substance to it.

We’ve both said as much as we can, across various threads. Chester and others have also contributed very accurate and useful points of view that help support the narrative.

You’ll have to piece together the crumbs, it’s all there.

I know its business, and things are always kept in house for good reason, but sometimes it feels as fans we are just chucked the occasional bone.
odd snippet here and there. one minute its all about "our club" and community messages, next the shutters come down and whatever decisions are made the supporters like it or lump it.

Wile E Coyote wrote: ↑

Tue Oct 06, 2020 3:59 pm

I know its business, and things are always kept in house for good reason, but sometimes it feels as fans we are just chucked the occasional bone.
odd snippet here and there. one minute its all about "our club" and community messages, next the shutters come down and whatever decisions are made the supporters like it or lump it.

That's exactly how it is and this "One Club For All" slogan really gets my back up.

So, to those of you on here with real business acumen..tell me what you would do in Mike Garlicks position right now. You've had 5 terrific years, made reasonable profit...some years more than reasonable, , rebuilt the infrastructure, and now it appears to be coming to a grinding halt...you can no longer take the club forward, the finances no longer allow it. In his shoes what do you do, if:

1. There is no one interested in buying / investing
2. There is a credible party interested in taking it on, what do you want out of it, how would you want to see it progress ?

I'm totally at a loss with all of it now, I just want to sit in my seat and cheer my team on...that looks so far away right now.

ewanrob wrote: ↑

Tue Oct 06, 2020 4:42 pm

So, to those of you on here with real business acumen..tell me what you would do in Mike Garlicks position right now. You've had 5 terrific years, made reasonable profit...some years more than reasonable, , rebuilt the infrastructure, and now it appears to be coming to a grinding halt...you can no longer take the club forward, the finances no longer allow it. In his shoes what do you do, if:

1. There is no one interested in buying / investing
2. There is a credible party interested in taking it on, what do you want out of it, how would you want to see it progress ?

I'm totally at a loss with all of it now, I just want to sit in my seat and cheer my team on...that looks so far away right now.

Also, we don't know the effect that Covid 19 has had on our Director's various own businesses, it may be that they now require more time and attention than previously ....

KRBFC wrote: ↑

Tue Oct 06, 2020 1:14 pm

It seems impossible to tell given the only name if seen released is the front guy.

Correct, but nothing to suggest at this stage they have a collection of very wealthy backers. If they do, I may be supportive, but personally think the prospect of being owned by a collection of “moderately wealthy” individuals (as described by Paul Wain in relation to a SPAC) puts us in no better position than we are in now. In my opinion.

Paul Waine wrote: ↑

Tue Oct 06, 2020 3:14 pm

Hi New, it is highly likely - though I'm not sure whether it has been definitively confirmed - ALK Capital is pursuing a SPAC strategy. There are a few posts earlier on this thread that explains how this will work. A SPAC is a Special-Purpose Acquisition Corporation - equity is raised from multiple investors by acquiring shares in the SPAC. Their strategy is that Premier League football clubs will rise in value over the coming years - giving their owners a capital gain (rather than annual dividends). The US sports franchise model has already shown these gains over many years. Yes, there are differences with Premier League - relegation and no draft are two obvious differences. However, we are in a low interest rate (and low yield) world, so the Premier League is very attractive compared with other ways of investing your money. The SPAC structure makes this an opportunity for the ordinary "moderately wealthy" sports fan, giving them the opportunity to share in the returns that are otherwise only accessible to billionaires.

Of course, there's no guarantee that ALK Capital will reach agreement to acquire Burnley FC.

UTC

To me, as posted above to another reply, this SPAC model puts us in an arguably worse position. I’d rather have a hand full of “moderately wealthy” local owners than a load of foreign ones.

It would seem a massive missed opportunity in a world where Billionaires are investing in football - Villa, even Barnsley, I’ve just read - that we end up with a collection of moderately wealthy individuals that might be able to chip in enough to purchase the shares but are not then able to fund the investment we need to compete in this league (see the £1.25bn spent by other clubs vs our -£1m net spend).

I’d rather wait for a very rich Sheik or something.

NewClaret wrote: ↑

Tue Oct 06, 2020 5:42 pm

To me, as posted above to another reply, this SPAC model puts us in an arguably worse position. I’d rather have a hand full of “moderately wealthy” local owners than a load of foreign ones.

It would seem a massive missed opportunity in a world where Billionaires are investing in football - Villa, even Barnsley, I’ve just read - that we end up with a collection of moderately wealthy individuals that might be able to chip in enough to purchase the shares but are not then able to fund the investment we need to compete in this league (see the £1.25bn spent by other clubs vs our -£1m net spend).

I’d rather wait for a very rich Sheik or something.

The SPAC model doesn't preclude that. Those investors could very well be rich Sheiks. What it doesn't mean is they will put the club into debt.

Do we have any idea of the timeframe for this investment now?

NewClaret wrote: ↑

Tue Oct 06, 2020 5:42 pm

To me, as posted above to another reply, this SPAC model puts us in an arguably worse position. I’d rather have a hand full of “moderately wealthy” local owners than a load of foreign ones.

It would seem a massive missed opportunity in a world where Billionaires are investing in football - Villa, even Barnsley, I’ve just read - that we end up with a collection of moderately wealthy individuals that might be able to chip in enough to purchase the shares but are not then able to fund the investment we need to compete in this league (see the £1.25bn spent by other clubs vs our -£1m net spend).

I’d rather wait for a very rich Sheik or something.

For all their wealth the owners at Barnsley have created a real mess off the field, google it or search for Barnsley within the MMT thread

NewClaret wrote: ↑

Tue Oct 06, 2020 5:42 pm

To me, as posted above to another reply, this SPAC model puts us in an arguably worse position. I’d rather have a hand full of “moderately wealthy” local owners than a load of foreign ones.

It would seem a massive missed opportunity in a world where Billionaires are investing in football - Villa, even Barnsley, I’ve just read - that we end up with a collection of moderately wealthy individuals that might be able to chip in enough to purchase the shares but are not then able to fund the investment we need to compete in this league (see the £1.25bn spent by other clubs vs our -£1m net spend).

I’d rather wait for a very rich Sheik or something.

If we are acquired by a SPAC, then those on here that have posted about their own stocks and shares investment activities could also buy shares in the SPAC that owns Burnley - if that was their desire. Similarly, any of the club's existing holders or "one or two shares" could also be buyers - or sellers.

It depends where you "sit" so to speak - a single billionaire owner, the current "tens of millions only" local owners (and fans) or another funding structure.

I know we will never make it as a fan owned/community owned club - not in the Premier League.

UTC

I don’t see how a SPAC acquisition fits with Daniel’s story, but of course we don’t know that much. If an investor, or a group, wanted to invest in the northern powerhouse over and above the club, that model doesn’t make sense I don’t believe.

if you do a SWOT analysis on purely business terms there are not clear outcomes that would point you to the buy option, if you were in lower leagues and could get BFC for considerably lower costs then the outcome may well pivot to being something that could point to a buy option.

Simple points I am sure everyone knows that you can answer for yourselves can help you put some of it into perspective:

If you are a big fan, that can override sensible business decisions, that you would never normally do if you were not a fan.

Do you believe BFC can be increased in playing terms and break in to the top six, if yes, look at how you attract the players and how much you think that might cost, 10 million, will a hundred million in player purchases do it?

Do you believe that BFC and TM can be expanded, can it attract and sustain 30K, 40K, 50K, if so, how much would that cost you? Will the extra ST and ticket sales, plus merchandise and food/beverage sales be able to pay back the costs of increasing the seating capacity, if so over how long, 2 years, 5 years, 10+ years.

Put your billionaire hat on, you want a football club, do you want to invest in a consortium or do you want the world to know it's yours, you want to meet your friends and peers on the 100ft long yacht, do you want to light that big cigar, lean back smiling, knowing they are all jealous/envious that you own Burnley Football Club.

If you're a mere millionaire, what and why do you want to be involved in a football club for, the US model has been mentioned numerous times, risks in the UK in this model are a factor higher, if you are doing it for capital gains, which is typical, do you really believe you can can grow BFC to such a point someone else will come along, whether individual or consortium and say wow, yes I will give you X times what you paid for BFC in 2020.

MG has a business, like 90% of businesses it is down, everyone seems to think C-19 is reducing prices, is MG willing to let BFC go on the cheap at the same time his main business is suffering? Will MG as a fan sell out and not care about the intent of the new owners?

We can all look at the above, which is just a snapshot of questions around this, a fraction of the things going through many different minds, my experience is that if 10 of us look at this we will end up with a collection of different answers/thoughts and no two will be exactly the same.

As always, many, many more questions than answers, the only thing I know for sure is what I think about it all.