ALK Capital or Farnell/Elkashashy takeover

[mill hill claret]

Let's hope they dont have too

[NewClaret]

Not a clue and that's a question that needs answering. I'd no idea with the others either. The only thing I am aware of is that the ALK bid is not just one or two investors. I don't think anything will be happening this side of the Turkey but confident of having new ownership by the time we are singing Auld Lang Syne.

Thanks CT. Was just wondering if details of the investors had been divulged as the deal got closer. Personally would prefer a few mega-wealthy investors over a consortium, but let’s just wait and see. We’ve had enough deals for one day, so may as well save one until after Christmas!!

For the record though, I won’t be singing Auld Lang Syne! I’ll be in bed.

[arise_sir_charge]

Differ is assuming that as soon as this deal goes through someone somewhere is owed £200m.

People invest all the time, some investments win, some lose. Not everybody who invests gets their initial investment back. That’s how it goes.

[Paul Waine]

I think you might be missing the context but not sure it would make any difference. What is it about BFC that makes us worth £200m do you think?

Differ is assuming that as soon as this deal goes through someone somewhere is owed £200m.

People invest all the time, some investments win, some lose. Not everybody who invests gets their initial investment back. That’s how it goes.

We are in the Premier League, ALK are spending £200M to buy a Premier League club.

ALK are paying £200m for a Premier League football club and, my view, they are investing their £200 million because that is a very modest amount to pay for a Premier League football club.

This is great news for us, as fans, because it means that ALK want/need BFC to remain a Premier League football club. Therefore, they will spend additional money to give the team the very best chance to remain a Premier League football club.

Why are they doing this? My view is that they believe that £200 million is a low price for a Premier League football club and, if they keep BFC in the Premier League some time in the future they will be able to exit their investment and sell on to others that will place a significantly higher value on Burnley Football Club as a Premier League football club. This is where ALK hope to make a return on their investment.

On the point that someone has made about the players being worth £200m. That may be their transfer market value or it may be less than that. However, it doesn't matter what the current squad are worth, the club will always need a squad of players capable of keeping the club in the Premier League. Maybe take a look at the value of other Premier League football clubs to get a sense of what the "average" Premier League football club squad is worth.

It's beginning to feel that Christmas not many minutes away.

Exciting times.

UTC

[whentheballmoves]

Not a clue and that's a question that needs answering. I'd no idea with the others either. The only thing I am aware of is that the ALK bid is not just one or two investors. I don't think anything will be happening this side of the Turkey but confident of having new ownership by the time we are singing Auld Lang Syne.

I really hope so, Tony!

[ClaretTony]

ALK are paying £200m for a Premier League football club and, my view, they are investing their £200 million because that is a very modest amount to pay for a Premier League football club.

This is great news for us, as fans, because it means that ALK want/need BFC to remain a Premier League football club. Therefore, they will spend additional money to give the team the very best chance to remain a Premier League football club.

Why are they doing this? My view is that they believe that £200 million is a low price for a Premier League football club and, if they keep BFC in the Premier League some time in the future they will be able to exit their investment and sell on to others that will place a significantly higher value on Burnley Football Club as a Premier League football club. This is where ALK hope to make a return on their investment.

On the point that someone has made about the players being worth £200m. That may be their transfer market value or it may be less than that. However, it doesn't matter what the current squad are worth, the club will always need a squad of players capable of keeping the club in the Premier League. Maybe take a look at the value of other Premier League football clubs to get a sense of what the "average" Premier League football club squad is worth.

It's beginning to feel that Christmas not many minutes away.

Exciting times.

UTC

Still not convinced of this £200m to buy Burnley. It has never been anything but speculation. The potential new owners have never said a word.

[Jakubclaret]

It’s a bargain at £200 mil according to this report the true valuation is not far off double.

https://chadwickmedia.wordpress.com/202 ... 0-million/

[whentheballmoves]

Still not convinced of this £200m to buy Burnley. It has never been anything but speculation. The potential new owners have never said a word.

You don't think they're paying that much? Or they're paying more?

[ClaretTony]

You don't think they're paying that much? Or they're paying more?

I have no idea one way or the other, I just the figure has come from the media speculation. Maybe the dodgy lawyer might have released it regarding their bid but ALK have said nothing and neither have the club.

[claptrappers_union]

I was told (back in the day) that Garlic was asking less than £200m. I don’t think it matters what the final price is though, it was what it is. It’ll come out in the wash in a few days

[Paul Waine]

Still not convinced of this £200m to buy Burnley. It has never been anything but speculation. The potential new owners have never said a word.

Hi CT, yes, I agree, nothing been said directly by either ALK or MG (the club). I'm quoting £200m based on the media reports. I think it was quoted at £180 million in the first (Sept, I think) report that named ALK for the first time. Without going back to page 1 (or 5, or 10...) I think it was Reuters who first quoted that figure. Similarly, Reuters quoted ALK and £200m in their more recent report (end Nov) which said ALK were leading..

It will be interesting if ALK and MG/club quote a figure when (if) the deal is confirmed as done. It may be "undisclosed" - though I hope that all shareholders (as before, I'm not a shareholder) get the same offer for their share(s), and, if so, the price paid will be confirmed in the public domain.

Merry Christmas.

Exciting times.

UTC

Edit: Just seen that the subject said "criticism of the directors" - so, I've edited this post to "ALK Capital takeover."

[ClaretTony]

Hi CT, yes, I agree, nothing been said directly by either ALK or MG (the club). I'm quoting £200m based on the media reports. I think it was quoted at £180 million in the first (Sept, I think) report that named ALK for the first time. Without going back to page 1 (or 5, or 10...) I think it was Reuters who first quoted that figure. Similarly, Reuters quoted ALK and £200m in their more recent report (end Nov) which said ALK were leading..

It will be interesting if ALK and MG/club quote a figure when (if) the deal is confirmed as done. It may be "undisclosed" - though I hope that all shareholders (as before, I'm not a shareholder) get the same offer for their share(s), and, if so, the price paid will be confirmed in the public domain.

Merry Christmas.

Exciting times.

UTC

Edit: Just seen that the subject said "criticism of the directors" - so, I've edited this post to "ALK Capital takeover."

Likely to be accurate then if it has come from Simon at Reuters. As for all shareholders, I’m still not convinced we will get an offer.

[IanMcL]

It’s a bargain at £200 mil according to this report the true valuation is not far off double.

https://chadwickmedia.wordpress.com/202 ... 0-million/

I agree.

[ClaretTony]

It’s a bargain at £200 mil according to this report the true valuation is not far off double.

https://chadwickmedia.wordpress.com/202 ... 0-million/

I don’t know who this chadwickmedia is but he just copies stuff from elsewhere and passes it off as his own. I’ve seen some of my articles on there.

[NewClaret]

I don’t know who this chadwickmedia is but he just copies stuff from elsewhere and passes it off as his own. I’ve seen some of my articles on there.

Also values Spurs above United and City so clearly tosh

[ClaretTony]

Also values Spurs above United and City so clearly tosh

Or whoever he’s nicked the article from does.

[Jakubclaret]

I don’t know who this chadwickmedia is but he just copies stuff from elsewhere and passes it off as his own. I’ve seen some of my articles on there.

Admittedly I haven’t done any background research so can’t verify if it’s a load of cobblers or some merit within the article, I just posted as it contradicted the £200 mil figure which seems to be bandied about as gospel.

[boatshed bill]

I agree.

So do i.
that's a very low valuation, probably couldn't buy the squad

[fatboy47]

Investment??
That suggests you're buying something that is likely to appreciate in value and provide an income in the future?

God only knows how they expect BFC to do that.

Or maybe they pick up the club for something closer to £150m....flog Pope, Tarks, McNeil, Mee, Brady, Taylor and Wood...then fill the side with hopeful young yanks, and pick up the Prem fees this year and the parachute fees next year...and the Dyche compo when he walks.. .then flog the remaining bare bones of the club, including Barnfield etc

That's the only way I see them making money out of Burnley FC.

Just saying.

[ClaretTony]

Investment??
That suggests you're buying something that is likely to appreciate in value and provide an income in the future?

God only knows how they expect BFC to do that.

Or maybe they pick up the club for something closer to £150m....flog Pope, Tarks, McNeil, Mee, Brady, Taylor and Wood...then fill the side with hopeful young yanks, and pick up the Prem fees this year and the parachute fees next year...and the Dyche compo when he walks.. .then flog the remaining bare bones of the club, including Barnfield etc

That's the only way I see them making money out of Burnley FC.

Just saying.

You got off on the wrong foot there with filling the side with hopeful young Yanks. Can’t do that because of work permits. I think you might be pleasantly surprised with their plans.

[Danieljwaterhouse]

Investment??
That suggests you're buying something that is likely to appreciate in value and provide an income in the future?

God only knows how they expect BFC to do that.

Or maybe they pick up the club for something closer to £150m....flog Pope, Tarks, McNeil, Mee, Brady, Taylor and Wood...then fill the side with hopeful young yanks, and pick up the Prem fees this year and the parachute fees next year...and the Dyche compo when he walks.. .then flog the remaining bare bones of the club, including Barnfield etc

That's the only way I see them making money out of Burnley FC.

Just saying.

The doom and gloom of some fans is abhorrent.

[fatboy47]

The doom and gloom of some fans is abhorrent.

Or alternatively, the naivety of some fans is astonishing.. I truly hope my cynicism is unfounded, but you'll pardon me if I judge this one on outcomes.

[WalkdenClaret]

The doom and gloom of some fans is abhorrent.

Daniel, I'm not sure you can call Fatboy and others comments abhorrent ("disgusting, repugnant"). There are so many people really concerned about this. The lack of any meaningful benefactors names, delays, that they appear to be American (with 200 years of shafting foreigners for personal financial greed).
I don't think it's disgusting that people are worried, or sceptical, especially after the delays.
Others have commented on delays '& silence of board.
1. takeovers are sensitive, we all get that bit.
2. delays /' silence suggest to me there are financial / ethical / other worries from the board, which worries me.

hopefully you won't find this opinion disgusting or repugnant, I really hope the Mr Pace is upping his bid, getting together a lot of nice investors to pump in £500 million into the squad, whilst promising to keep the wage bill capped, looking to appoint an expert board of people who know football and invest in grassroots and Burnley women's football.

[Vegas Claret]

Or alternatively, the naivety of some fans is astonishing.. I truly hope my cynicism is unfounded, but you'll pardon me if I judge this one on outcomes.

you literally listed the worst case utter Armageddon scenario - that's not cynicism, that's bonkers and as and daft as someone saying they expect someone to come in and spend 100 billion on players.

Anyway, let's enjoy the ride, Happy Crimbo

[BenWickes]

Been without internet for a week due to the awful Plusnet.

Can only echo CT's comment above as I said a number of weeks ago. I think fans will be surprised (in a good way) by ALK's plans for the club.

Merry Christmas everyone. It should be a very happy new year.

[Vegas Claret]

as long as they don't get rid of Phil Bird

[bfcjg]

Dear Santa,
When I checked my stocking this morning it was bereft of the £200 million I specifically asked for.
Yours disappointingly
M Garlic.

[gandhisflipflop]

Daniel, I'm not sure you can call Fatboy and others comments abhorrent ("disgusting, repugnant"). There are so many people really concerned about this. The lack of any meaningful benefactors names, delays, that they appear to be American (with 200 years of shafting foreigners for personal financial greed).
I don't think it's disgusting that people are worried, or sceptical, especially after the delays.
Others have commented on delays '& silence of board.
1. takeovers are sensitive, we all get that bit.
2. delays /' silence suggest to me there are financial / ethical / other worries from the board, which worries me.

hopefully you won't find this opinion disgusting or repugnant, I really hope the Mr Pace is upping his bid, getting together a lot of nice investors to pump in £500 million into the squad, whilst promising to keep the wage bill capped, looking to appoint an expert board of people who know football and invest in grassroots and Burnley women's football.

This is a local club for local people

[arise_sir_charge]

Investment??
That suggests you're buying something that is likely to appreciate in value and provide an income in the future?

God only knows how they expect BFC to do that.

Or maybe they pick up the club for something closer to £150m....flog Pope, Tarks, McNeil, Mee, Brady, Taylor and Wood...then fill the side with hopeful young yanks, and pick up the Prem fees this year and the parachute fees next year...and the Dyche compo when he walks.. .then flog the remaining bare bones of the club, including Barnfield etc

That's the only way I see them making money out of Burnley FC.

Just saying.

Genuine question, can anybody name a club in the whole of world football where this has happened?

[Paul Waine]

Merry Christmas, everyone.

Exciting times.

UTC

[Top Claret]

This is a local club for local people

People like you are stuck in the past, you need to move with the times if you want the club to keep up its status as a premier league club

We play in the biggest, best and most powerful league in the world and to grow we need owners who can make us a global brand, which makes us attractive to football fans worldwide

[mybloodisclaret]

All the best everyone. Hopefully in a few days we will start hearing off new ownership and exciting plans.

Exciting times indeed.

[Right_winger]

The doom and gloom of some fans is abhorrent.

Totally agree, it’s the same band of old duffer happy clappers who hate change.

[warksclaret]

Have faith in the take-over, and have faith that Mike Garlick and the other major shareholder JB structure the deal in such a way that the best interests of BFC and its fans are built into the contractual discussions and agreement

Best wishes to all clarets

[bfcjg]

You need to understand that a lot of us older Clarets still remember the horrendous times leading to the Orient game and the dangers that are always present when ambitious plans go wrong, perhaps our attitude has held the club back but Barry Kilby, and the current chairman ensured we were stable and never in danger of getting into serious trouble. If BK in particular give the new owners his blessing that will do for me.

[fatboy47]

Genuine question, can anybody name a club in the whole of world football where this has happened?

Suggest you compare the Venky teamsheet on the week of their arrival with one from 2 years later...and consider the departure of a top (albeit corrupt) manager and his cheap yes-man replacement. Take a look at the knicker-wetting spunk stains crowded outside Ewood grovelling and abasing themselves at the feet of their first ever foreigner owners. Then look at the arrival of God knows how many Portuguese nobodies as the decent Prem players were ushered to the exits.

So... Similarities exist....even so close to home.

Yes... I'm sure the Venks had the best of intentions and didn't want to be left nursing what's now just a smelly carcass of a football club... But its what happened.

I'm praying that the new ownership helps us to progress to the next level as a club...really praying. But to take that for granted without some more idea of what's in store is juvenile and naive in the extreme.

[Martinc265]

Totally agree, it’s the same band of old duffer happy clappers who hate change.

Not by me it’s not, first game v Spurs 1962, the sooner the takeover is complete the better then we can get the funding needed to push on.

[ClaretTony]

This is a local club for local people

Heaven help us. Maybe we should tell London Clarets to stop supporting us and all the other people who travel long distances to watch us.

We are a Premier League club and that’s been achieved because of a brilliant manager. That means every other part of the club needs to catch up or it will drag the football side back down. It needs the investment. These local people who run the club have been searching for international investment for some considerable time.

Yes, it would have been nice had that investment come from local people but it hasn’t.

I think we’ve reached the point of having a local club for local people or a club that can succeed in today’s football.

[ClaretTony]

You need to understand that a lot of us older Clarets still remember the horrendous times leading to the Orient game and the dangers that are always present when ambitious plans go wrong, perhaps our attitude has held the club back but Barry Kilby, and the current chairman ensured we were stable and never in danger of getting into serious trouble. If BK in particular give the new owners his blessing that will do for me.

I think, no I’m sure, that Barry is the one director that fans would trust more than any other on a personal level. We owe him a hell of a lot for his leadership over the years and we know that he’s one of us, a committed Claret.

We know he wouldn’t endorse anything that he didn’t think was in the best interests of Burnley Football Club although as a minority shareholder now he wouldn’t have much say.

It would be interesting to know his thoughts though. I know I respect his opinion.

[ClaretTony]

Totally agree, it’s the same band of old duffer happy clappers who hate change.

No it’s not. I’m in the old duffer category - less than 13 months now to my 70th birthday. Initially sceptical, I’ve found out as much as I possibly could and I do believe this will give us a real opportunity to compete.

So old, yes, happy clapper, I’ve been accused of, but hate change, absolutely not, I want what’s best for the club.

[TsarBomba]

You need to understand that a lot of us older Clarets still remember the horrendous times leading to the Orient game and the dangers that are always present when ambitious plans go wrong, perhaps our attitude has held the club back but Barry Kilby, and the current chairman ensured we were stable and never in danger of getting into serious trouble. If BK in particular give the new owners his blessing that will do for me.

Ah, the Orient game.

The only reference point we can use from our long and illustrious history.

The Orient game is as relevant as our glory years of the 60’s, but yet, we don’t refer to that period of time anywhere near as much.

Some fans really need to get with the times, and this small time, insular mentality does much to hold the club back.

Hopefully with this takeover, we will see real progression off the field, which 5 years in the Premier League should have already brought us.

[NewClaret]

No it’s not. I’m in the old duffer category - less than 13 months now to my 70th birthday.

Not long till you hit your prime then CT

[Nonayforever]

I think, no I’m sure, that Barry is the one director that fans would trust more than any other on a personal level. We owe him a hell of a lot for his leadership over the years and we know that he’s one of us, a committed Claret.

We know he wouldn’t endorse anything that he didn’t think was in the best interests of Burnley Football Club although as a minority shareholder now he wouldn’t have much say.

It would be interesting to know his thoughts though. I know I respect his opinion.

If ALK really want to succeed, Barry is one person that they would be wise to keep onboard to help them understand the small details that could be the difference between being just successful and to be seen as being successful by the fans.

[ClaretTony]

Not long till you hit your prime then CT

That was a long time ago

[ClaretTony]

Ah, the Orient game.

The only reference point we can use from our long and illustrious history.

The Orient game is as relevant as our glory years of the 60’s, but yet, we don’t refer to that period of time anywhere near as much.

Some fans really need to get with the times, and this small time, insular mentality does much to hold the club back.

Hopefully with this takeover, we will see real progression off the field, which 5 years in the Premier League should have already brought us.

1960 & 1987 are as relevant as each other, they are part of our history and significant times in our history. Those of us around in the early 60s could never have imagined 1987 happening but once it had we could never have even dreamed about the recent years.

They are all part of what we are and the next years will add to that. We have to look forward, not back. Back is history, forward is what we make of it.

I was worried when I heard of the potential investment plans over two years ago but it really is common sense to try to take the club forward. Once it’s happened, I look forward to hearing from Alan Pace and his team and how they plan to take us forward.

[gandhisflipflop]

People like you are stuck in the past, you need to move with the times if you want the club to keep up its status as a premier league club

We play in the biggest, best and most powerful league in the world and to grow we need owners who can make us a global brand, which makes us attractive to football fans worldwide

Jesus Christ, an almighty whoosh required here. It was a sarcastic league of gentlemen type response. I think you will find I am in full agreement with you!

[gandhisflipflop]

Heaven help us. Maybe we should tell London Clarets to stop supporting us and all the other people who travel long distances to watch us.

We are a Premier League club and that’s been achieved because of a brilliant manager. That means every other part of the club needs to catch up or it will drag the football side back down. It needs the investment. These local people who run the club have been searching for international investment for some considerable time.

Yes, it would have been nice had that investment come from local people but it hasn’t.

I think we’ve reached the point of having a local club for local people or a club that can succeed in today’s football.

Tony you should know from my previous posting that I was being sarcastic

[Goody1975]

This is a local club for local people

Fortunately some of us know exactly what the meaning of your post was and where the quote comes from.

[bfcjg]

Tony's confidence in the deal gives me confidence. I am mindful of our history and the Orient game IMHO was and is the glue that should bond us together to want only what is relevant and good for the club,if ALK is that then so be it and I as a tight fisted old fuddy duddy worrier will lighten up and welcome them with open arms.

[ClaretTony]

Tony's confidence in the deal gives me confidence. I am mindful of our history and the Orient game IMHO was and is the glue that should bond us together to want only what is relevant and good for the club,if ALK is that then so be it and I as a tight fisted old fuddy duddy worrier will lighten up and welcome them with open arms.

It’s not so much confidence but believing that we have to take this step forward. I’ve heard nothing to suggest I should be overly concerned.