ALK Capital or Farnell/Elkashashy takeover

This Forum is the main messageboard to discuss all things Claret and Blue and beyond
Right_winger
Posts: 2105
Joined: Sun Aug 07, 2016 9:28 pm
Been Liked: 492 times
Has Liked: 411 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by Right_winger » Wed Dec 23, 2020 4:53 pm

The quicker MG is out the better. He’s no money and not willing to loosen the clubs purse strings.

Been like that for a while now
This user liked this post: ClaretMov

aggi
Posts: 8762
Joined: Thu Jan 21, 2016 11:31 am
Been Liked: 2109 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by aggi » Wed Dec 23, 2020 5:00 pm

Colburn_Claret wrote:
Wed Dec 23, 2020 12:20 pm
I know I'm in the minority, but I liked the way MG ran the club. Not for profit, and living within our sustainable means, was painful but necessary. I'd have plodded on as we were, and if that meant relegation so be it.
But the thought that we aren't going to the Egyptian bid, fills me with so much relief it makes the whole thing bearable.

UTC
I've got to agree with this. Being a self-sustaining club being owned by fans is a rarity and made what we achieved that much more satisfying.

Garlick has undoubtedly overseen the most successful period the club has had for the past 50 years with the obvious improvements on the pitch coupled with improvements in areas like the academy and training ground, helped to keep us afloat when we are struggling and invested countless hours with no charge to get us where we are now.

It's possible (although pretty unlikely) that he's just an incredibly astute businessman who managed to map out a path from us struggling in the Championship to established in the Premier League whilst simultaneously foreseeing the increased interest in purchasing football clubs and, if so, all credit to him and I imagine there will be dozens of clubs clamouring for his services once he leaves Burnley.

I think it's more likely though that he got involved as a fan and it went on from there.
This user liked this post: Colburn_Claret

Duffer_
Posts: 2309
Joined: Thu Jan 21, 2016 9:45 am
Been Liked: 792 times
Has Liked: 1353 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by Duffer_ » Wed Dec 23, 2020 5:01 pm

Paul Waine wrote:
Wed Dec 23, 2020 4:51 pm
Hi Duffer, what's the part that "doesn't sit well" for you? If MG was paid £1 to sell to new owners, or £1 million or £100 million or £100 billion it makes absolutely no difference to the assets in the club. It's the new owners who are deciding where they value their ownership of BFC and their desire to take the club forward is reflected in their valuation of the club.

Exciting times.

UTC
Hi Paul - I am referring to the extraction of value for personal gain that in my opinion is disproportionate to the risks of ownership and contrary to the doctrine of custodianship. I am bemoaning a lack of imagination with regards to how that value may be retained in some way by others, in the interests of the Club as a community entity, not a private limited company. One possible route would be increased supporter ownership and Board representation, although I appreciate it is not a simple matter. There must be other trust mechanics worthy of discussion.

I don't see Burnley through the lens of orthodox high capitalism and feel we could become something unique in modern day football. Of course this relies on a Board with an imagination, wanting something other than maximum personal gain.

As I said, I am under no illusions as to the popularity of this approach :D

Exciting times but could be exhilarating times!

Top Claret
Posts: 5125
Joined: Wed Jan 27, 2016 11:50 am
Been Liked: 1127 times
Has Liked: 1238 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by Top Claret » Wed Dec 23, 2020 5:03 pm

He more than likely is an astute business man but football is not a normal business, he got lucky when he appointed Sean Dyche

aggi
Posts: 8762
Joined: Thu Jan 21, 2016 11:31 am
Been Liked: 2109 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by aggi » Wed Dec 23, 2020 5:06 pm

MACCA wrote:
Wed Dec 23, 2020 4:17 pm
Think it's more when he went from relatively small share holder to becoming the sole Chairman.
Quite a clever and well timed move, as it was only a few years back, and has probably doubled his net worth in just a few years because of it.

But good a businessman can smell out a good deal and act on it at just the right time, which in fairness to Mike, it looks like he timed it almost perfectly.
I'm pretty certain it was more than a few years back. 2012 was the main chunk I think when he was also loaning the club money to keep afloat. There were a few further share issues a year after that from what I remember but not major.

Paul Waine
Posts: 9845
Joined: Fri Jan 22, 2016 2:28 pm
Been Liked: 2344 times
Has Liked: 3164 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by Paul Waine » Wed Dec 23, 2020 5:11 pm

Duffer_ wrote:
Wed Dec 23, 2020 5:01 pm
Hi Paul - I am referring to the extraction of value for personal gain that in my opinion is disproportionate to the risks of ownership and contrary to the doctrine of custodianship. I am bemoaning a lack of imagination with regards to how that value may be retained in some way by others, in the interests of the Club as a community entity, not a private limited company. One possible route would be increased supporter ownership and Board representation, although I appreciate it is not a simple matter. There must be other trust mechanics worthy of discussion.

I don't see Burnley through the lens of orthodox high capitalism and feel we could become something unique in modern day football. Of course this relies on a Board with an imagination, wanting something other than maximum personal gain.

As I said, I am under no illusions as to the popularity of this approach :D

Exciting times but could be exhilarating times!
OK. I see where you are coming from. I'd be very surprised if a "fans/community trust" football club could exist in League 2 these days. Certainly not in the Championship and impossible in the Premier League. Why is this? It's all the money that the footballers insist on being paid. Maybe if they would also enter into the spirit of being part of a "fans trust" team.... No, that wouldn't be fair on Tarks, Nick Pope, Ben Mee, Dwight McNeil et al - and certainly the club wouldn't have a manager like Sean Dyche.

As above, the amount MG and JB get paid for their shares reflects 2 things and only two things (1) how will they've directed the club both on the field and off it and (2) the desire of new owners to own the club at a price that MG/JB will agree to sell it to them.

It would take an extremely wealthy fan base to be able to buy a Premier League club.

Exciting times.

UTC

fatboy47
Posts: 4179
Joined: Thu Jan 21, 2016 8:58 am
Been Liked: 2316 times
Has Liked: 2692 times
Location: Isles of Scilly

Re: ALK Capital or Farnell/Elkashashy takeover

Post by fatboy47 » Wed Dec 23, 2020 5:16 pm

Right_winger wrote:
Wed Dec 23, 2020 4:53 pm
The quicker MG is out the better. He’s no money and not willing to loosen the clubs purse strings.

Been like that for a while now

I really don't think our Mike's gonna be in the queue for the soup kitchen anytime soon.

In fact I'm far from convinced that the new owners will have more liquid assets at their disposal than the current management.

I remember the general knicker wetting around Ewood that heralded their great new saviours 10 years ago. That turned out well. For us.

Careful what you wish for folks.
These 2 users liked this post: Bosscat Bin Ont Turf

ClaretTony
Posts: 67429
Joined: Thu Dec 24, 2015 3:07 pm
Been Liked: 32238 times
Has Liked: 5254 times
Location: Burnley
Contact:

Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretTony » Wed Dec 23, 2020 5:20 pm

mybloodisclaret wrote:
Wed Dec 23, 2020 4:39 pm
No news today.... hopefully the best first gift of Christmas tomorrow...
Looking as though we'll be waiting until the turkey has gone now - the potential new owners will be back home for their Happy Holiday I would think.

IWOODLOVETT
Posts: 1255
Joined: Thu Jan 21, 2016 11:23 am
Been Liked: 495 times
Has Liked: 219 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by IWOODLOVETT » Wed Dec 23, 2020 5:20 pm

Yes, Mike Garlick has made a packet from the success of the Club, but so have many others. The other directors have of course, so has the manager, so have the manager’s assistants and their back room team, so have the current playing staff, so have the ex-players that have been either sold on or converted into successful club managers.

The Club itself has greatly benefitted - Gawthorpe, income from Sky, sponsorship, youth development, community work, worldwide media exposure.

All this under the direction of the current board under the leadership of Garlick, who was brave enough to buy into the club when things weren’t quite so rosey.

I’ve never met Mike Garlick and can’t comment on his character but I don’t begrudge him a penny of whatever windfall may or may not land in his lap.

Well done Mike, I say.
UTC
These 6 users liked this post: Paul Waine Colburn_Claret Rileybobs Juan Tanamera JohnMac Burnley Ace

ClaretTony
Posts: 67429
Joined: Thu Dec 24, 2015 3:07 pm
Been Liked: 32238 times
Has Liked: 5254 times
Location: Burnley
Contact:

Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretTony » Wed Dec 23, 2020 5:24 pm

IWOODLOVETT wrote:
Wed Dec 23, 2020 5:20 pm
Yes, Mike Garlick has made a packet from the success of the Club, but so have many others. The other directors have of course, so has the manager, so have the manager’s assistants and their back room team, so have the current playing staff, so have the ex-players that have been either sold on or converted into successful club managers.

The Club itself has greatly benefitted - Gawthorpe, income from Sky, sponsorship, youth development, community work, worldwide media exposure.

All this under the leadership of the current board under the leadership of Garlick, who was brave enough to buy into the club when things weren’t quite so rosey.

I’ve never met Mike Garlick and can’t comment on his character but I don’t begrudge him a penny of whatever windfall may or may not land in his lap.

Well done Mike, I say.
UTC
Maybe not financially but I think we as supporters have made a packet out of it too in being able to watch all this Premier League football.
These 5 users liked this post: Paul Waine IWOODLOVETT Colburn_Claret Rileybobs JohnMac

Duffer_
Posts: 2309
Joined: Thu Jan 21, 2016 9:45 am
Been Liked: 792 times
Has Liked: 1353 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by Duffer_ » Wed Dec 23, 2020 5:38 pm

Paul Waine wrote:
Wed Dec 23, 2020 5:11 pm
It would take an extremely wealthy fan base to be able to buy a Premier League club.
I never contemplated full supporter (trust) ownership. My evolving proposal :D relies on outgoing benevolent custodians gifting part of their windfall to supporters to act in the long term interests of the Club. A sort of voluntary tax on the sale of BFC shares that is used to retain a meaningful stake and voice in the Club under the control of a Supporters Trust type organisation.

Of course new owners may be reluctant to purchase the Club on those terms but that in itself would be telling. I would have no problem (that's good of me I hear you say) with the supporters stake being diluted by additional investment, which in itself would probably represent renewed growth in asset value.

It might be complete balderdash, and thank you for engaging with me on the subject. I suppose my objection comes down to a sense that the accumulation of vast personal wealth is at odds with the notion of custodianship. I can't help feeling that this isn't consistent with a One Club mentality and with imagination, will and more nouse (than I have) we, as supporters, could have come up with an interesting way forward that allowed investment AND better safeguarded the future of our Club.

Thanks again for a civil conversation on the subject.

ewanrob
Posts: 1331
Joined: Thu Jan 21, 2016 8:52 am
Been Liked: 361 times
Has Liked: 98 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by ewanrob » Wed Dec 23, 2020 5:41 pm

I'd be really interested to see if we can keeps Tarks, given we may be able to get to a weekly wage that would suit and also that we may have some decent in coming transfers.
These 2 users liked this post: The Enclosure Colburn_Claret

Aclaret
Posts: 4113
Joined: Tue Jul 10, 2018 3:16 pm
Been Liked: 1299 times
Has Liked: 1391 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by Aclaret » Wed Dec 23, 2020 5:45 pm

Just as I thought, impending rather than imminent.

mybloodisclaret
Posts: 2202
Joined: Tue May 03, 2016 8:04 pm
Been Liked: 686 times
Has Liked: 3950 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by mybloodisclaret » Wed Dec 23, 2020 6:06 pm

ClaretTony wrote:
Wed Dec 23, 2020 5:20 pm
Looking as though we'll be waiting until the turkey has gone now - the potential new owners will be back home for their Happy Holiday I would think.
That's fair enough, and I don't think anyone could argue with that, given the absolute rubbish year we have had everyone wants to be as far as possible with loved ones. Hopefully early Jan.

mybloodisclaret
Posts: 2202
Joined: Tue May 03, 2016 8:04 pm
Been Liked: 686 times
Has Liked: 3950 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by mybloodisclaret » Wed Dec 23, 2020 6:11 pm

ClaretTony wrote:
Wed Dec 23, 2020 5:20 pm
Looking as though we'll be waiting until the turkey has gone now - the potential new owners will be back home for their Happy Holiday I would think.
That's fair enough, and I don't think anyone could argue with that, given the absolute rubbish year we have had everyone wants to be as far as possible with loved ones. Hopefully early Jan.

Paul Waine
Posts: 9845
Joined: Fri Jan 22, 2016 2:28 pm
Been Liked: 2344 times
Has Liked: 3164 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by Paul Waine » Wed Dec 23, 2020 6:11 pm

Duffer_ wrote:
Wed Dec 23, 2020 5:38 pm
I never contemplated full supporter (trust) ownership. My evolving proposal :D relies on outgoing benevolent custodians gifting part of their windfall to supporters to act in the long term interests of the Club. A sort of voluntary tax on the sale of BFC shares that is used to retain a meaningful stake and voice in the Club under the control of a Supporters Trust type organisation.

Of course new owners may be reluctant to purchase the Club on those terms but that in itself would be telling. I would have no problem (that's good of me I hear you say) with the supporters stake being diluted by additional investment, which in itself would probably represent renewed growth in asset value.

It might be complete balderdash, and thank you for engaging with me on the subject. I suppose my objection comes down to a sense that the accumulation of vast personal wealth is at odds with the notion of custodianship. I can't help feeling that this isn't consistent with a One Club mentality and with imagination, will and more nouse (than I have) we, as supporters, could have come up with an interesting way forward that allowed investment AND better safeguarded the future of our Club.

Thanks again for a civil conversation on the subject.
And, you, too, on the "civils," Duffer.

I think "two tiers" of ownership would result in extreme instability for a club in the top divisions. I can imagine that even agreement on allowing additional investment on one side to dilute the fans' trust would generate instability. Small clubs, lower or non-league divisions can possibly manage it - possible example being Wrexham. (I wish Wrexham ever success in the lower leagues). The German Bundesliga model of ownership is also experiencing stress, particularly with, RB Leipzig (I think I'm quoting the right club) who are challenging the traditional German fan ownership.

Sean Dyche dislikes the fact that he "doesn't get the backing" while the market moves away from BFC's finances. I fear it would be exactly the same with a fans' trust holding some of the shares - unless those fans were prepared to "stump up" to meet the club's investment in the team demands.

It's a "rock and a hard place" situation. We can either be owned by owners who have the wherewithal to seek to take the club forward (there are no guarantees) or were "pull back," put the last decade into the "clarets legends" years and be content with the future peak(s) maybe being the Championship.

I'm going to pass on the "exciting times" with this post - except we can all "dare to dream." So...

Exciting times.

UTC
This user liked this post: Duffer_

randomclaret2
Posts: 6880
Joined: Mon Mar 07, 2016 5:04 pm
Been Liked: 2742 times
Has Liked: 4314 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by randomclaret2 » Wed Dec 23, 2020 6:21 pm

ClaretTony wrote:
Wed Dec 23, 2020 5:20 pm
Looking as though we'll be waiting until the turkey has gone now - the potential new owners will be back home for their Happy Holiday I would think.
Lets hope they're able to travel freely between the US and UK after Christmas

IWOODLOVETT
Posts: 1255
Joined: Thu Jan 21, 2016 11:23 am
Been Liked: 495 times
Has Liked: 219 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by IWOODLOVETT » Wed Dec 23, 2020 6:41 pm

Any travel ban might not include somewhere like Jersey. They could meet there if necessary.

aggi
Posts: 8762
Joined: Thu Jan 21, 2016 11:31 am
Been Liked: 2109 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by aggi » Wed Dec 23, 2020 7:20 pm

Paul Waine wrote:
Wed Dec 23, 2020 6:11 pm
And, you, too, on the "civils," Duffer.

I think "two tiers" of ownership would result in extreme instability for a club in the top divisions. I can imagine that even agreement on allowing additional investment on one side to dilute the fans' trust would generate instability. Small clubs, lower or non-league divisions can possibly manage it - possible example being Wrexham. (I wish Wrexham ever success in the lower leagues). The German Bundesliga model of ownership is also experiencing stress, particularly with, RB Leipzig (I think I'm quoting the right club) who are challenging the traditional German fan ownership.

Sean Dyche dislikes the fact that he "doesn't get the backing" while the market moves away from BFC's finances. I fear it would be exactly the same with a fans' trust holding some of the shares - unless those fans were prepared to "stump up" to meet the club's investment in the team demands.

It's a "rock and a hard place" situation. We can either be owned by owners who have the wherewithal to seek to take the club forward (there are no guarantees) or were "pull back," put the last decade into the "clarets legends" years and be content with the future peak(s) maybe being the Championship.

I'm going to pass on the "exciting times" with this post - except we can all "dare to dream." So...

Exciting times.

UTC
Wrexham is no longer fan owned, they've been bought out by Hollywood.

Rileybobs
Posts: 16687
Joined: Fri Jan 22, 2016 4:37 pm
Been Liked: 6899 times
Has Liked: 1471 times
Location: Leeds

Re: ALK Capital or Farnell/Elkashashy takeover

Post by Rileybobs » Wed Dec 23, 2020 7:23 pm

aggi wrote:
Wed Dec 23, 2020 7:20 pm
Wrexham is no longer fan owned, they've been bought out by Hollywood.
Who, the cake bloke?
These 2 users liked this post: JohnMac DCWat

Cabbage
Posts: 374
Joined: Sat Jan 23, 2016 9:49 am
Been Liked: 166 times
Has Liked: 136 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by Cabbage » Wed Dec 23, 2020 7:30 pm

Rileybobs wrote:
Wed Dec 23, 2020 7:23 pm
[quote=aggi post_id=<a href="tel:1447531">1447531</a> time=<a href="tel:1608751207">1608751207</a> user_id=422]
Wrexham is no longer fan owned, they've been bought out by Hollywood.
Who, the cake bloke?
[/quote]

Funny! 😆

randomclaret2
Posts: 6880
Joined: Mon Mar 07, 2016 5:04 pm
Been Liked: 2742 times
Has Liked: 4314 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by randomclaret2 » Wed Dec 23, 2020 7:33 pm

Big Jon Parkin being lined up as their first signing
This user liked this post: longsidepies

Paul Waine
Posts: 9845
Joined: Fri Jan 22, 2016 2:28 pm
Been Liked: 2344 times
Has Liked: 3164 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by Paul Waine » Wed Dec 23, 2020 7:33 pm

aggi wrote:
Wed Dec 23, 2020 7:20 pm
Wrexham is no longer fan owned, they've been bought out by Hollywood.
Exactly, that's why I mentioned them.

Vegas Claret
Posts: 30275
Joined: Fri Jan 22, 2016 4:00 am
Been Liked: 10917 times
Has Liked: 5594 times
Location: clue is in the title

Re: ALK Capital or Farnell/Elkashashy takeover

Post by Vegas Claret » Wed Dec 23, 2020 7:51 pm

ClaretTony wrote:
Wed Dec 23, 2020 5:20 pm
Looking as though we'll be waiting until the turkey has gone now - the potential new owners will be back home for their Happy Holiday I would think.
Americans do Christmas day and that's it, thanks giving is a far bigger deal over here for some reason

joey13
Posts: 7501
Joined: Thu Jan 21, 2016 12:39 pm
Been Liked: 1767 times
Has Liked: 1230 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by joey13 » Wed Dec 23, 2020 8:04 pm

IWOODLOVETT wrote:
Wed Dec 23, 2020 6:41 pm
Any travel ban might not include somewhere like Jersey. They could meet there if necessary.
No one getting in and out of Jersey easily mate , rate is through the roof here 1,000 per 100,000 :o

fidelcastro
Posts: 7236
Joined: Sun Feb 28, 2016 8:45 pm
Been Liked: 2195 times
Has Liked: 2179 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by fidelcastro » Wed Dec 23, 2020 8:25 pm

Vegas Claret wrote:
Wed Dec 23, 2020 7:51 pm
Americans do Christmas day and that's it, thanks giving is a far bigger deal over here for some reason
Thanking the native Americans so they didn't starve to death should always be a big deal! :D

Bin Ont Turf
Posts: 10948
Joined: Thu Jan 21, 2016 9:38 am
Been Liked: 5154 times
Has Liked: 795 times
Location: On top of a pink elephant riding to the Democratic Republic of Congo

Re: ALK Capital or Farnell/Elkashashy takeover

Post by Bin Ont Turf » Wed Dec 23, 2020 8:30 pm

fatboy47 wrote:
Wed Dec 23, 2020 5:16 pm


In fact I'm far from convinced that the new owners will have more liquid assets at their disposal than the current management.
I'd bet that they won't.

Even if they do, we'll be on a slippery slope.

But as Paul Waine says....... exciting times. :)

gandhisflipflop
Posts: 5500
Joined: Thu Jan 21, 2016 8:05 pm
Been Liked: 2317 times
Has Liked: 1399 times
Location: Costa del Padihamos beach.

Re: ALK Capital or Farnell/Elkashashy takeover

Post by gandhisflipflop » Wed Dec 23, 2020 10:02 pm

A parting swipe in tonight’s press conference? Joking about the Christmas tree he said “it took me four years to get them to pay for a new tree that’s how the money can be in this place”

Clarets4me
Posts: 4948
Joined: Thu Jan 28, 2016 9:31 pm
Been Liked: 2307 times
Has Liked: 1033 times
Location: Ightenhill,Burnley

Criticism of the Directors ...

Post by Clarets4me » Thu Dec 24, 2020 12:03 am

A fair amount of criticism directed at Mike G and John B, surrounding the current potential takeover ...

Whilst wealthy individuals in the greater scheme of things, they are relative " paupers " in the world of Premier League Club owners. They are local men who've done very well for themselves in the business world, and I suspect could have continued to concentrate on their core businesses, and then sold out relaxed, and retired early to an a place of their choice. But, they did not. They chose to invest in Burnley FC, continuing Barry Kilby's fantastic work. I suspect their business's necessitate their time is largely spent around London, but they've chosen to back our club, with the travel and time involved.

Another local man who made good, Andy Brown, chose to keep his money invested in his home town, and developed the Crowood Leisure and Spa facility, which now includes Bertrams Restaurant and the new Hotel. Mr Brown first submitted his plans nearly 20 years ago, and after 8 weeks, phoned to see how his application was proceeding. He was told that the Council planning department had only just opened it. " Friends of the Earth " and the " Burnley Civic Trust " objected to it. At a crucial planning meeting, many Councillors were undecided, until one exploded in annoyance, " What are you doing ? This man could p**s off to the Bahamas with his money, but he wants to re-invest into Burnley, and we keep putting up barriers ! " . The application was eventually approved, and his hard work and willingness to invest has resulted in the tremendous facility we see today ... even though it's gone through a tough time during the Covid19 issues .. I hope you see my point !

Where would our Club have been without Messrs: Kilby, Garlick and Banaszkiewicz ??
These 2 users liked this post: Juan Tanamera the_magic_rat

CrosspoolClarets
Posts: 5230
Joined: Thu Jan 21, 2016 9:00 pm
Been Liked: 1623 times
Has Liked: 397 times

Re: Criticism of the Directors ...

Post by CrosspoolClarets » Thu Dec 24, 2020 12:29 am

All makes sense, though so too do many of the criticisms.

The truth, as so often, is likely to be a bit of both.

Vegas Claret
Posts: 30275
Joined: Fri Jan 22, 2016 4:00 am
Been Liked: 10917 times
Has Liked: 5594 times
Location: clue is in the title

Re: Criticism of the Directors ...

Post by Vegas Claret » Thu Dec 24, 2020 12:32 am

I think most understand why the club has been run the way it has been, I think most understand that it has been beyond their means to take it forward rather than backwards for at least the last 2 seasons. Most will thank them I'm sure for their careful stewardship of the club and hope that ALK can re-ignite the forward momentum

I for one expect us to win the league within 4 years and to be challenging for the Champions League :D ;)

what_no_pies
Posts: 1279
Joined: Tue Jan 26, 2016 9:13 am
Been Liked: 495 times
Has Liked: 98 times

Re: Criticism of the Directors ...

Post by what_no_pies » Thu Dec 24, 2020 1:03 am

They've been wonderful custodians and the club has outgrown them which is testament to their continuing Barry Kilby's great work. The fact they recognise that and are willing to sell to the right people with (we believe) the right intentions is another box ticked. The complelety undue criticism has been shameful frankly.

GordonvaleClaret
Posts: 298
Joined: Thu Jan 14, 2016 9:35 am
Been Liked: 49 times
Has Liked: 13 times
Location: near Cairns

Re: Criticism of the Directors ...

Post by GordonvaleClaret » Thu Dec 24, 2020 1:47 am

I wonder who will buy our current squad.

tim_noone
Posts: 17108
Joined: Wed Mar 29, 2017 8:12 pm
Been Liked: 4384 times
Has Liked: 15117 times

Re: Criticism of the Directors ...

Post by tim_noone » Thu Dec 24, 2020 1:51 am

GordonvaleClaret wrote:
Thu Dec 24, 2020 1:47 am
I wonder who will buy our current squad.
Venkys...

beddie
Posts: 5135
Joined: Thu Jan 21, 2016 12:10 pm
Been Liked: 1383 times
Has Liked: 511 times

Re: Criticism of the Directors ...

Post by beddie » Thu Dec 24, 2020 7:42 am

I've no criticism of the current Directors. I've had the pleasure of premier league football for several seasons now along with one season being f.o.c. I can only thank them for their tenure.

Bordeauxclaret
Posts: 10272
Joined: Mon Jan 25, 2016 10:36 pm
Been Liked: 3327 times
Has Liked: 1942 times

Re: ALK Capital or Farnell/Elkashashy takeover

Post by Bordeauxclaret » Thu Dec 24, 2020 7:58 am

He’s made a joke about the tree nearly every year he’s been here.

Dark Cloud
Posts: 6586
Joined: Sun Jan 24, 2016 9:03 am
Been Liked: 1981 times
Has Liked: 3299 times

Re: Criticism of the Directors ...

Post by Dark Cloud » Thu Dec 24, 2020 8:15 am

IMO the directors have been brilliant for a number of years now and especially during the Dyche era. They have run the club well and prudently and as exactly as you would expect custodian/supporters to do. I would never criticise any of them as they've never taken a penny out of the club to my knowledge, it's never been about themselves or their own egos, unlike some chairmen and directors and they must have inadvertently spent loads in travel and other incidental expenses during their "labour of love". Fortunately for them they got really, really lucky with the appointment of SD and even luckier in that their shares which were worth next to nothing when they got into the club look like bringing them a hefty windfall. Good luck to them I say and I don't begrudge them anything they make, especially because making money was never their primary aim back at the start and never has been. I actually believe that they can see exactly what most of us can see and that is that for BFC to remain competitive in the PL (or even upper Championship) there needs to be investment well beyond anything they can personally afford and so they are gracefully trying to do their level best for the club by moving aside and selling out to someone they think/pray will provide that investment along with a safe pair of hands. Fingers crossed they get it right.

claretonthecoast1882
Posts: 10088
Joined: Mon Apr 09, 2018 1:59 pm
Been Liked: 4161 times
Has Liked: 57 times

Re: Criticism of the Directors ...

Post by claretonthecoast1882 » Thu Dec 24, 2020 8:20 am

Lets hope if and when we get new owners they make a good profit when they decide to sell as well. Wonder if those who are really unhappy with Garlick making a profit would prefer the next owners to make a huge loss ?

joey13
Posts: 7501
Joined: Thu Jan 21, 2016 12:39 pm
Been Liked: 1767 times
Has Liked: 1230 times

Re: Criticism of the Directors ...

Post by joey13 » Thu Dec 24, 2020 9:08 am

Yet another sycophants thread with plenty of cap doffing and brown nosing , can someone pass me a bucket please .

claretonthecoast1882
Posts: 10088
Joined: Mon Apr 09, 2018 1:59 pm
Been Liked: 4161 times
Has Liked: 57 times

Re: Criticism of the Directors ...

Post by claretonthecoast1882 » Thu Dec 24, 2020 9:09 am

joey13 wrote:
Thu Dec 24, 2020 9:08 am
Yet another sycophants thread with plenty of cap doffing and brown nosing , can someone pass me a bucket please .
Thought positive comments would be right up your street joey :D

LoveCurryPies
Posts: 4287
Joined: Fri Jan 22, 2016 9:00 am
Been Liked: 1599 times
Has Liked: 679 times

Re: Criticism of the Directors ...

Post by LoveCurryPies » Thu Dec 24, 2020 9:10 am

I fully support the Owners. The last ten years have been fabulous. They have guided the Club to success while keeping the finances sound. They have invested in wonderful training facilities. And they appointed Sean. Coronavirus really created a very uncertain world.

A change of ownership does not mean huge amounts of cash to sign several top players. I suspect we would see 1 or 2 high profile signings at the most, and even that doesn’t guarantee we would finish any higher than where we already are.

LoveCurryPies
Posts: 4287
Joined: Fri Jan 22, 2016 9:00 am
Been Liked: 1599 times
Has Liked: 679 times

Re: Criticism of the Directors ...

Post by LoveCurryPies » Thu Dec 24, 2020 9:13 am

joey13 wrote:
Thu Dec 24, 2020 9:08 am
Yet another sycophants thread with plenty of cap doffing and brown nosing , can someone pass me a bucket please .
Joey13 - please tell us what you think will happen under new ownership?

Burnley1989
Posts: 7346
Joined: Sun Apr 08, 2018 2:19 am
Been Liked: 2275 times
Has Liked: 2154 times

Re: Criticism of the Directors ...

Post by Burnley1989 » Thu Dec 24, 2020 9:28 am

You’ll find that those that dislike people and complain and judge 24/7 about those who are successful are generally the ones that have failed in life by not trying and have a huge chip on their shoulder. That’s across all walks of life, those at work that moan about the managers and hate the place, yet have been there 30 years and work overtime because they’re unhappy at home as well. :lol:

They’ve done a great job, now it’s probably time for a change. Good luck to them!

boatshed bill
Posts: 15108
Joined: Thu Jan 21, 2016 10:47 am
Been Liked: 3138 times
Has Liked: 6682 times

Re: Criticism of the Directors ...

Post by boatshed bill » Thu Dec 24, 2020 9:34 am

I wonder if our upturn in results will see a reduction in the clamour for new investment.

randomclaret2
Posts: 6880
Joined: Mon Mar 07, 2016 5:04 pm
Been Liked: 2742 times
Has Liked: 4314 times

Re: Criticism of the Directors ...

Post by randomclaret2 » Thu Dec 24, 2020 9:40 am

boatshed bill wrote:
Thu Dec 24, 2020 9:34 am
I wonder if our upturn in results will see a reduction in the clamour for new investment.
You think people may no longer want the takeover ??

DCWat
Posts: 9296
Joined: Mon Jan 04, 2016 11:04 am
Been Liked: 4131 times
Has Liked: 3599 times

Re: Criticism of the Directors ...

Post by DCWat » Thu Dec 24, 2020 9:50 am

joey13 wrote:
Thu Dec 24, 2020 9:08 am
Yet another sycophants thread with plenty of cap doffing and brown nosing , can someone pass me a bucket please .
You come across as a lovely chap.

warksclaret
Posts: 6594
Joined: Sat Jan 23, 2016 7:13 pm
Been Liked: 1676 times
Has Liked: 754 times

Re: Criticism of the Directors ...

Post by warksclaret » Thu Dec 24, 2020 9:53 am

I hear what everyone is saying, but communication costs nothing.They have one of the most loyal fan bases but choose to ignore them. Burnley's fan base is Burnleys customer base. If it was not for the Message Board, and largely down to the efforts of CT, we would be absolutely in the dark, in what is one of the most important changes in our history-a likely take-over. We had heard absolutely nothing since May, other than what our CEO came out with several months ago,of which the only thing I can remember was the assurance of signings in 7 days time.Lets see!

As successful business men in their own rights our senior board members should hold their heads in shame

AfloatinClaret
Posts: 1827
Joined: Sat May 26, 2018 7:16 pm
Been Liked: 559 times
Has Liked: 1393 times

Re: Criticism of the Directors ...

Post by AfloatinClaret » Thu Dec 24, 2020 9:57 am

randomclaret2 wrote:
Thu Dec 24, 2020 9:40 am
You think people may no longer want the takeover ??
What's with the "no longer"? I've never wanted a takeover and would much prefer the club to remain locally owned; if that eventually saw us playing back in the Championship, or even lower, the so be it.

joey13
Posts: 7501
Joined: Thu Jan 21, 2016 12:39 pm
Been Liked: 1767 times
Has Liked: 1230 times

Re: Criticism of the Directors ...

Post by joey13 » Thu Dec 24, 2020 10:23 am

DCWat wrote:
Thu Dec 24, 2020 9:50 am
You come across as a lovely chap.
Thanks
Merry Christmas

boatshed bill
Posts: 15108
Joined: Thu Jan 21, 2016 10:47 am
Been Liked: 3138 times
Has Liked: 6682 times

Re: Criticism of the Directors ...

Post by boatshed bill » Thu Dec 24, 2020 10:26 am

randomclaret2 wrote:
Thu Dec 24, 2020 9:40 am
You think people may no longer want the takeover ??
Quite honestly, I think some were seeing investment as a means of staving off what looked like relegation without thinking any further.

Post Reply