ALK Capital or Farnell/Elkashashy takeover

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretTony » Fri Nov 13, 2020 7:39 pm

Nonayforever wrote:
Fri Nov 13, 2020 7:16 pm
If a scenario occurred whereby MG cast his vote for deal A & 4 other directors cast their vote for deal B, there could be a situation where the board would have to call an extraordinary general meeting to find the 2% of votes needed to decide the outcome.
Garlick has over 49%, the other six directors have 44% between them.

In reality, once dead shares are removed, Garlick will have in excess of 50%.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Danieljwaterhouse » Fri Nov 13, 2020 8:01 pm

AndyClaret wrote:
Fri Nov 13, 2020 7:19 pm
Cumbria? You've lost me...
It’s happening in Lancashire....
Last edited by Danieljwaterhouse on Fri Nov 13, 2020 9:15 pm, edited 2 times in total.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Danieljwaterhouse » Fri Nov 13, 2020 8:02 pm

AndyClaret wrote:
Fri Nov 13, 2020 7:19 pm
Cumbria? You've lost me...
It’s happening in Lancashire....
Last edited by Danieljwaterhouse on Fri Nov 13, 2020 9:15 pm, edited 1 time in total.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Nonayforever » Fri Nov 13, 2020 8:43 pm

ClaretTony wrote:
Fri Nov 13, 2020 7:39 pm
Garlick has over 49%, the other six directors have 44% between them.

In reality, once dead shares are removed, Garlick will have in excess of 50%.
I would doubt any director would want to call an EGM ( in my scenario ) to decide a vote as it would involve putting their dirty washing out on the line, therefore I agree, MG would win the day.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by boatshed bill » Fri Nov 13, 2020 8:57 pm

ewanrob wrote:
Fri Nov 13, 2020 4:03 pm
Can we start a new thread, where only those in the know can post.....would save a lot of time and angst....apologies to others who have posted, but I just want to read the meaty stuff.

Let's call it "Deepthroat"
Danjw, ClaretTony, Chester Perry, Paul Wayne, Ben WIckes...sorry can't remember others.
Good idea.
Can we also keep people who know the square root of f"(k all off the football threads, please?
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretTony » Fri Nov 13, 2020 9:11 pm

Nonayforever wrote:
Fri Nov 13, 2020 8:43 pm
I would doubt any director would want to call an EGM ( in my scenario ) to decide a vote as it would involve putting their dirty washing out on the line, therefore I agree, MG would win the day.
If it’s a share vote then he wins the vote if everyone votes against him.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by scouseclaret » Fri Nov 13, 2020 9:37 pm

I still don’t see what this has to do with the takeover of a football club.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ewanrob » Fri Nov 13, 2020 9:52 pm

boatshed bill wrote:
Fri Nov 13, 2020 8:57 pm
Good idea.
Can we also keep people who know the square root of f"(k all off the football threads, please?
Nice

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by DCWat » Fri Nov 13, 2020 9:59 pm

scouseclaret wrote:
Fri Nov 13, 2020 9:37 pm
I still don’t see what this has to do with the takeover of a football club.
I think you’d need to go back about twenty pages to the northern powerhouse comments.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by clarethomer » Fri Nov 13, 2020 10:02 pm

scouseclaret wrote:
Fri Nov 13, 2020 9:37 pm
I still don’t see what this has to do with the takeover of a football club.
I think it has been suggested at some point that one of the bidders has an interest in the club as they seek to establish wider business interests in the north. There has been talk on this message board about the northern powerhouse being something that appeals and that having a good position in the area with us being well located between Manchester and Leeds.

There are many discussions being undertaken which if approved will see local councils be eaten up into larger councils to streamline.

https://www.lancashire.gov.uk/news/deta ... =PR20/0215

I'm not sure why he has posted about Cumbria but I think one group have been having discussions to understand how this unification in lancashire could change their plans and they have been satisfied that they won't.

I have no idea how much of the above is true in terms of the bidders and their plans but just what I have picked up from snippets on here so take my post with a pinch of salt.
Last edited by clarethomer on Fri Nov 13, 2020 10:27 pm, edited 1 time in total.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Dark Cloud » Fri Nov 13, 2020 10:05 pm

boatshed bill wrote:
Fri Nov 13, 2020 8:57 pm
Good idea.
Can we also keep people who know the square root of f"(k all off the football threads, please?
No, because that's what a football message board is all about for the vast majority of folk!! (And it gives us summut to do! ;) )

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by mill hill claret » Fri Nov 13, 2020 10:16 pm

With the club statement the other day...think this takeover is imminent

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by scouseclaret » Fri Nov 13, 2020 10:41 pm

DCWat wrote:
Fri Nov 13, 2020 9:59 pm
I think you’d need to go back about twenty pages to the northern powerhouse comments.
Yeah I know I posed the same question then. Buying a football club doesn’t strike me as being a particularly efficient way for a serious businessman to gain influence in the region. You could open a factory or a call centre and employ hundreds of people for a lot less investment than £200m. That’s more likely to get your voice heard.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by bfcjg » Fri Nov 13, 2020 10:50 pm

Might just be me, but I just feel perturbed that my beloved Burnley is being touted around like some sort of disposable commodity for someone to use instead of love and enjoy. Been through dreadful and glorious times with the club but it is my club, it has always been a constant in my life like the millstone grit our towns built from , might be naive but being bought for an ego trip, or to be part of a group using us to get a foothold in some regeneration project and therefore cash for investors isn't for me.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by boatshed bill » Fri Nov 13, 2020 10:52 pm

ewanrob wrote:
Fri Nov 13, 2020 9:52 pm
Nice
;)

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by boatshed bill » Fri Nov 13, 2020 10:58 pm

Dark Cloud wrote:
Fri Nov 13, 2020 10:05 pm
No, because that's what a football message board is all about for the vast majority of folk!! (And it gives us summut to do! ;) )
I just don't like the dual standards.
I'm quite happy for both to go along side by side.
I don't agree that folk who stand on the terraces, whilst knowing nothing about club finances, should be excluded from threads about these finances.
Smells like elitism to me :D
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ewanrob » Fri Nov 13, 2020 11:43 pm

boatshed bill wrote:
Fri Nov 13, 2020 10:58 pm
I just don't like the dual standards.
I'm quite happy for both to go along side by side.
I don't agree that folk who stand on the terraces, whilst knowing nothing about club finances, should be excluded from threads about these finances.
Smells like elitism to me :D
It was very much tongue in cheek, hence the Deepthroat. I know a bit about finance but no where near that of others....but I feel this thread is going off on a tangent at times.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Paul Waine » Sat Nov 14, 2020 10:26 am

ewanrob wrote:
Fri Nov 13, 2020 11:43 pm
It was very much tongue in cheek, hence the Deepthroat. I know a bit about finance but no where near that of others....but I feel this thread is going off on a tangent at times.
Almost every thread on this mb has posts that run off on different tangents. I find that's one of the fun things of the mb. Some people know something about something, others know things about other things. All great opportunities for us to learn something new.

Yes, we've got a 60 page thread on "takeover" and we all come on this thread wanting to see if anything is progressing.... and, most of the time there's nothing new. Maybe one day there will be some news. Maybe the club will have a new owner. Maybe it will be one of the two that we currently understand are in the frame....or maybe the thread will close and MG and the rest of the Directors will still be the club's owners and we will think it has had the same outcome as some of our transfer windows.

Have a great day, everyone.

UTC
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Steve-Harpers-perm » Sat Nov 14, 2020 10:32 am

Paul Waine wrote:
Sat Nov 14, 2020 10:26 am
Almost every thread on this mb has posts that run off on different tangents. I find that's one of the fun things of the mb. Some people know something about something, others know things about other things. All great opportunities for us to learn something new.

Yes, we've got a 60 page thread on "takeover" and we all come on this thread wanting to see if anything is progressing.... and, most of the time there's nothing new. Maybe one day there will be some news. Maybe the club will have a new owner. Maybe it will be one of the two that we currently understand are in the frame....or maybe the thread will close and MG and the rest of the Directors will still be the club's owners and we will think it has had the same outcome as some of our transfer windows.

Have a great day, everyone.

UTC
If the takeover doesn’t happen after over 12 months worth of talks and Garlick remains in charge I’d imagine we’ll be looking for a new manager in January rather than troubling the transfer market.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Paul Waine » Sat Nov 14, 2020 10:39 am

Steve-Harpers-perm wrote:
Sat Nov 14, 2020 10:32 am
If the takeover doesn’t happen after over 12 months worth of talks and Garlick remains in charge I’d imagine we’ll be looking for a new manager in January rather than troubling the transfer market.
I'd not link the two. Sean Dyche may or may not be offered a position with a club that has more money to spend - and he may choose to make the move if this was to happen. This may happen whoever owns BFC. The only thing I can't see happening is MG asking SD to leave, if only because the club would have better use of any termination payment that SD may be due.

UTC

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Boss Hogg » Sat Nov 14, 2020 10:44 am

There’s actually been no more information on this thread than you couldn’t have found out in the newspapers.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Steve-Harpers-perm » Sat Nov 14, 2020 11:01 am

Paul Waine wrote:
Sat Nov 14, 2020 10:39 am
I'd not link the two. Sean Dyche may or may not be offered a position with a club that has more money to spend - and he may choose to make the move if this was to happen. This may happen whoever owns BFC. The only thing I can't see happening is MG asking SD to leave, if only because the club would have better use of any termination payment that SD may be due.

UTC
Sounds a nightmare scenario then if Garlick remains in charge beyond December. An irretrievable relationship between the two if what we read is true, no interest in financial backing in the transfer market and keeping a manager on because of termination payments.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Silkyskills1 » Sat Nov 14, 2020 11:33 am

Steve-Harpers-perm wrote:
Sat Nov 14, 2020 11:01 am
Sounds a nightmare scenario then if Garlick remains in charge beyond December. An irretrievable relationship between the two if what we read is true, no interest in financial backing in the transfer market and keeping a manager on because of termination payments.
I think the modern day reference to this is 'a perfect storm', SHP.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Top Claret » Sat Nov 14, 2020 11:52 am

The longer this takeover takes the more damage is being done to the club.

Garlick appears to have no interest in investing any money on players whilst he is negotiating the sale, at the same time Dyche becomes more frustrated and our star players look to the coming transfer windows, to work a move out of the club.

If the club isn't sold in the next few months the future looks grim. Our club is broken whilst we have the present chairman at the helm
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by winsomeyen » Sat Nov 14, 2020 12:39 pm

Garlick has been fattening the sacrificial lamb for at least the last three transfer windows.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Top Claret » Sat Nov 14, 2020 12:58 pm

winsomeyen wrote:
Sat Nov 14, 2020 12:39 pm
Garlick has been fattening the sacrificial lamb for at least the last three transfer windows.
No doubt about it.

Get sick of reading the sentimental bull sh!t on this forum about the club being in good hands run by locals, Garlick not taking a dividend etc.
There is no sentiment in business. Garlick knows exactly what he is doing and is running the club to sell to the highest bidder, although if he isn't careful it could all fall apart around him.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by MACCA » Sat Nov 14, 2020 1:17 pm

Top Claret wrote:
Sat Nov 14, 2020 12:58 pm
No doubt about it.

Get sick of reading the sentimental bull sh!t on this forum about the club being in good hands run by locals, Garlick not taking a dividend etc.
There is no sentiment in business. Garlick knows exactly what he is doing and is running the club to sell to the highest bidder, although if he isn't careful it could all fall apart around him.

Problem is even at worst case scenario, he just goes back to the start with a new manager and 100m in fees received for our 3 or 4 prized assets.

So either way he wont have "lost" anything.

Ps Garlick isnt a local, he is a London based business man.
He isnt in touch with the town more it's people like Mr Kilby is for instance

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretTony » Sat Nov 14, 2020 1:37 pm

MACCA wrote:
Sat Nov 14, 2020 1:17 pm
Problem is even at worst case scenario, he just goes back to the start with a new manager and 100m in fees received for our 3 or 4 prized assets.

So either way he wont have "lost" anything.

Ps Garlick isnt a local, he is a London based business man.
He isnt in touch with the town more it's people like Mr Kilby is for instance
The chairman never has been in touch with the fans. If you see him walk down Harry Potts Way on a match day he gets no obvious recognition whereas Kilby gets stopped countless times when he walks in from the car park.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretTony » Sat Nov 14, 2020 1:39 pm

Top Claret wrote:
Sat Nov 14, 2020 11:52 am
The longer this takeover takes the more damage is being done to the club.

Garlick appears to have no interest in investing any money on players whilst he is negotiating the sale, at the same time Dyche becomes more frustrated and our star players look to the coming transfer windows, to work a move out of the club.

If the club isn't sold in the next few months the future looks grim. Our club is broken whilst we have the present chairman at the helm
I'd agree with that although I do believe it will be sold and I believe there is still a desire for that to happen before the next window closes if not opens. Which of the two, or even a mystery third bidder (and I don't know about a third should anyone be curious) I don't know.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Winstonswhite » Sat Nov 14, 2020 1:51 pm

ClaretTony wrote:
Sat Nov 14, 2020 1:37 pm
The chairman never has been in touch with the fans. If you see him walk down Harry Potts Way on a match day he gets no obvious recognition whereas Kilby gets stopped countless times when he walks in from the car park.
That’s a lie! He bought a round of drinks in Cork once.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by longside72 » Sat Nov 14, 2020 1:59 pm

That was john B who bought the round in cork

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by claretblue » Sat Nov 14, 2020 2:01 pm

Winstonswhite wrote:
Sat Nov 14, 2020 1:51 pm
That’s a lie! He bought a round of drinks in Cork once.
so did I Winston! ;)

UTC

:D

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by claretblue » Sat Nov 14, 2020 2:08 pm

Winstonswhite wrote:
Sat Nov 14, 2020 1:51 pm
That’s a lie! He bought a round of drinks in Cork once.
so did I Winston! ;)

UTC

:D

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by aggi » Sat Nov 14, 2020 2:19 pm

NewClaret wrote:
Fri Nov 13, 2020 2:20 pm
I suppose the prospect I was considering was more that the shares are sold but their services are retained to aid the transition. They then become employee's, so in effect can be terminated at the new owner's behest if they become trouble.

Agree they would like 100% but as far as I know, the minor shareholders cannot be forced to sell, so they may not get that wish if some want to hold on.
I can't imagine many, particularly not Garlick and John B, would be interested in that. People forget they are very successful businessmen in their own right so I imagine their salary for such a plan would be prohibitive.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Danieljwaterhouse » Sat Nov 14, 2020 2:56 pm

ClaretTony wrote:
Sat Nov 14, 2020 1:39 pm
I'd agree with that although I do believe it will be sold and I believe there is still a desire for that to happen before the next window closes if not opens. Which of the two, or even a mystery third bidder (and I don't know about a third should anyone be curious) I don't know.
Third bid was dismissed out of hand as far as I was aware

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Hedontplayforyou » Sat Nov 14, 2020 3:01 pm

Why was it dismissed out of hand?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Danieljwaterhouse » Sat Nov 14, 2020 3:07 pm

I have no idea. I’d imagine unless it was a well put together and considerably better, it’ll
Be too far behind the other bids

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Hedontplayforyou » Sat Nov 14, 2020 3:34 pm

Probably yes, with the club statement the other day, would you think that a completion is nearing?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by NRC » Sat Nov 14, 2020 4:09 pm

Hedontplayforyou wrote:
Sat Nov 14, 2020 3:01 pm
Why was it dismissed out of hand?
Because it was a w**k offer

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Silkyskills1 » Sat Nov 14, 2020 4:11 pm

Danieljwaterhouse wrote:
Sat Nov 14, 2020 3:07 pm
I have no idea. I’d imagine unless it was a well put together and considerably better, it’ll
Be too far behind the other bids
Well, yes, I imagine it would be too far behind if the other two bids have been ongoing for a year. What on earth have they talked about for that length of time? An end to World War Two was sorted out inside a week.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Steve-Harpers-perm » Sat Nov 14, 2020 4:32 pm

Silkyskills1 wrote:
Sat Nov 14, 2020 4:11 pm
Well, yes, I imagine it would be too far behind if the other two bids have been ongoing for a year. What on earth have they talked about for that length of time? An end to World War Two was sorted out inside a week.
Come on Silky lots of complex negotiations on what seat they will have in the Bob Lord and how much free wine pre match!

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretTony » Sat Nov 14, 2020 5:21 pm

Winstonswhite wrote:
Sat Nov 14, 2020 1:51 pm
That’s a lie! He bought a round of drinks in Cork once.
John B in the pub round the corner from the ground

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretTony » Sat Nov 14, 2020 5:23 pm

Danieljwaterhouse wrote:
Sat Nov 14, 2020 2:56 pm
Third bid was dismissed out of hand as far as I was aware
No third bid from what I am told - and I've not had anything to suggest there has been. I was just sort of joking with the comment above.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Nonayforever » Sat Nov 14, 2020 5:32 pm

NRC wrote:
Sat Nov 14, 2020 4:09 pm
Because it was a w**k offer
How do you know my offer was w'#k ?

My business plan included bringing Ronaldo back to the PL :D

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Hipper » Sat Nov 14, 2020 5:35 pm

Silkyskills1 wrote:
Sat Nov 14, 2020 4:11 pm
Well, yes, I imagine it would be too far behind if the other two bids have been ongoing for a year. What on earth have they talked about for that length of time? An end to World War Two was sorted out inside a week.
They could have made use of a bit more time I suggest!

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Boss Hogg » Sat Nov 14, 2020 5:42 pm

Nobody on here knows what is going on. One of the posters on here reminds me of one those fortune tellers that actually hasn’t told you anything.

Dyched
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Dyched » Sat Nov 14, 2020 5:47 pm

Nonayforever wrote:
Sat Nov 14, 2020 5:32 pm
How do you know my offer was w'#k ?

My business plan included bringing Ronaldo back to the PL :D
That’s why it failed. They knew the abuse you’d receive buying a 35+ year old with no sell on value. They did you a favour pal.

Nonayforever
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Nonayforever » Sat Nov 14, 2020 6:07 pm

Dyched wrote:
Sat Nov 14, 2020 5:47 pm
That’s why it failed. They knew the abuse you’d receive buying a 35+ year old with no sell on value. They did you a favour pal.
But thats who Dyche wants :?

Silkyskills1
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Silkyskills1 » Sat Nov 14, 2020 6:18 pm

Steve-Harpers-perm wrote:
Sat Nov 14, 2020 4:32 pm
Come on Silky lots of complex negotiations on what seat they will have in the Bob Lord and how much free wine pre match!
I've taken such matters into consideration but a year still seems more than enough time to dot the 'i's and cross the 't's'. Has the fax machine let them down again?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by NRC » Sat Nov 14, 2020 6:24 pm

Dyched wrote:
Sat Nov 14, 2020 5:47 pm
That’s why it failed. They knew the abuse you’d receive buying a 35+ year old with no sell on value. They did you a favour pal.
Maybe my whoosh-bait is too juicy

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