ALK Capital or Farnell/Elkashashy takeover

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Vegas Claret » Fri Dec 18, 2020 4:20 pm

Jingle Bells Jingle Bells Jingle ALK
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Paul Waine » Fri Dec 18, 2020 4:22 pm

Bfc wrote:
Fri Dec 18, 2020 2:35 pm
Without trawling through all the posts relating to the takeover, looking for possible answers. Could anyone say what affect a takeover would have on a shareholders ownership?. Also would there likely be an increase in the value of each share, if the takeover values Burnley Football Club at £200m. Finally would a shareholder have a say in whether they could keep a shareholding, after a takeover, or it's a decision decided by the new owners.
Hi Bfc, I know CT and Goddy have both provided answers. Let me also try to answer.

1) I believe that the reported £200m is to buy the club, not just MG's shares (or MG + JB). None of the media reports has suggested it is only for MG's shares;
2) The Board of Directors will vote either to accept or reject the offer from ALK;
3) If the BoD is split, i.e. a director opposes the sale, MG and JB have the vast majority of shareholder votes and can force out any director, should it be required, to ensure BoD votes in favour of ALK's offer. (There have been a few posts earlier that suggested there may be different opinions amongst the directors. I don't think any director can stop this happening - or should stop this happening;
4) I don't know whether the BoD can force all other shareholders to sell their (small number) of shares to ALK. I'd expect all shareholders to have the opportunity to sell their shares to ALK - and to receive the same price per share as MG and JB.
5) I don't know why any small shareholder would decline to sell their share - it won't be worth much if they don't sell it when the offer is available (minority shareholdings can not influence/change corporate decisions).

6) Of course, we haven't been informed of the details of any deal. £200 million is a number reported in the media - this may not be the final number.

So, if you own 1 share - your share is now worth £1,500 (or more).

We've seen new companies Alan Pace has set up, Calder Vale and Kettering Holdings. Once the new corporate structures are known it may be that there is the opportunity to buy shares in Burnley FC's new owners - and may give the opportunity for any existing (small) shareholders in BFC to become shareholders in the new owners.

Of course, I should as always qualify my post by declaring I know nothing about what is being negotiated/discussed re BFC's ownership - and my only sources of info are the media reports (all on this thread) and the other comments by posters on this thread.

Exciting times.

UTC

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Jakubs Tash » Fri Dec 18, 2020 4:55 pm

elwaclaret wrote:
Fri Dec 18, 2020 3:40 pm
How do you expect Tony to answer JT? At no point has CT inferred that he knew what the hold up was, which suggests he is not privy to that information.
Actually, I think CT has certainly inferred that he knows what the hold ups were and he also answered my question with "I'm fairly confident I do but I'm not certain so wouldn't wish to comment" which goes further to suggest he thinks he knows what the hold ups have been.

I was only asking because I'm genuinely interested to find out what they were and was hoping he would be comfortable letting us all know this once the deal has been completed.....but I'm not going to lose any sleep over it.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by claret3561 » Fri Dec 18, 2020 5:01 pm

Question for CT, if as it now seems all the problems with the sale have been ironed out, in your personal opinion can you see any reason PL approval would not be granted

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretTony » Fri Dec 18, 2020 5:14 pm

claret3561 wrote:
Fri Dec 18, 2020 5:01 pm
Question for CT, if as it now seems all the problems with the sale have been ironed out, in your personal opinion can you see any reason PL approval would not be granted
That's a good question. I can think of many reasons why they wouldn't have approved Chris Farnell but I really couldn't offer an opinion on anyone else from either of the bids. The people I've spoken to have suggested there shouldn't be one but we will have to wait and see. I've not been given anything to indicate their might be a problem, there must be no dodgy lawyers or Saudi princes involved. :D

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by elwaclaret » Fri Dec 18, 2020 5:25 pm

Jakubs Tash wrote:
Fri Dec 18, 2020 4:55 pm
Actually, I think CT has certainly inferred that he knows what the hold ups were and he also answered my question with "I'm fairly confident I do but I'm not certain so wouldn't wish to comment" which goes further to suggest he thinks he knows what the hold ups have been.

I was only asking because I'm genuinely interested to find out what they were and was hoping he would be comfortable letting us all know this once the deal has been completed.....but I'm not going to lose any sleep over it.
Yes I get that JT we’re all in the same boat on that, just saying anyone can speculate... but it takes us no further.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Chester Perry » Fri Dec 18, 2020 6:10 pm

claret3561 wrote:
Fri Dec 18, 2020 5:01 pm
Question for CT, if as it now seems all the problems with the sale have been ironed out, in your personal opinion can you see any reason PL approval would not be granted
They will want to know who is/are the ultimate money person/people and whether they will make the required guarantees to uphold Premier League rules and regs - this is what killed the Saudi bid - will be a bit more complex as ALK has multiple interests,

I will say I very much doubt the money is coming from a SPAC - more likely Private Equity, in a perfect world it would be a single family office.

All that said I remain uneasy about the takeover

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ewanrob » Fri Dec 18, 2020 6:21 pm

Chester Perry wrote:
Fri Dec 18, 2020 6:10 pm
They will want to know who is/are the ultimate money person/people and whether they will make the required guarantees to uphold Premier League rules and regs - this is what killed the Saudi bid - will be a bit more complex as ALK has multiple interests,

I will say I very much doubt the money is coming from a SPAC - more likely Private Equity, in a perfect world it would be a single family office.

All that said I remain uneasy about the takeover
Uneasy...about what in particular?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Paul Waine » Fri Dec 18, 2020 6:36 pm

Chester Perry wrote:
Fri Dec 18, 2020 6:10 pm
They will want to know who is/are the ultimate money person/people and whether they will make the required guarantees to uphold Premier League rules and regs - this is what killed the Saudi bid - will be a bit more complex as ALK has multiple interests,

I will say I very much doubt the money is coming from a SPAC - more likely Private Equity, in a perfect world it would be a single family office.

All that said I remain uneasy about the takeover
In contrast to CP, I'm not "uneasy" about a takeover by ALK. At this stage the only person that we know identified with ALK is Alan Pace - and we know that he has been an investment banker, plus his link to Salt Lake City. I agree that we don't yet know where the money will come from. I make no distinction between "private equity" and a "single family office" - for all intents and purposes they can be exactly the same thing, a single family being the only investors in a private equity vehicle. I can agree that, at this stage, we are not seeing anything that suggests this will be a SPAC investment, if only because we have no identity for a Special Purpose Acquisition Corporation that has already been funded and is waiting for the target Premier League club to become available for them to acquire. However, I believe there is evidence that the US equity markets are interested in owning Premier League football clubs and it may well be that a SPAC is somewhere in the future for BFC... and, I see no reason to be concerned if this is the case.

Exciting times.

UTC

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Nonayforever » Fri Dec 18, 2020 7:05 pm

Like most other supporters i have been following this thread with a great deal of interest and been trying to view all the shenanigans through a different perspective in order to obtain, what i think, is a logical reason for the takeover.

The recent post by Chester saying he's a bit uneasy comes as no surprise.

My predication on who is the person orchestrating the takeover, using ALK as a front, is a current director.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by randomclaret2 » Fri Dec 18, 2020 7:08 pm

A current Director is taking over ??

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Top Claret » Fri Dec 18, 2020 7:11 pm

I will be pleasantly surprised if this comes off and not at all surprised if it doesn't.

Far to many conflicting reports to take anyone on this thread seriously
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Nonayforever » Fri Dec 18, 2020 7:13 pm

randomclaret2 wrote:
Fri Dec 18, 2020 7:08 pm
A current Director is taking over ??
Not in so many words. The club is currently owned by individuals.

After the takeover it will probably be a company.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by elwaclaret » Fri Dec 18, 2020 7:17 pm

Nonayforever wrote:
Fri Dec 18, 2020 7:05 pm
Like most other supporters i have been following this thread with a great deal of interest and been trying to view all the shenanigans through a different perspective in order to obtain, what i think, is a logical reason for the takeover.

The recent post by Chester saying he's a bit uneasy comes as no surprise.

My predication on who is the person orchestrating the takeover, using ALK as a front, is a current director.
... or someone that meets them regularly?

(Pure speculation) = edit

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by FactualFrank » Fri Dec 18, 2020 7:20 pm

Top Claret wrote:
Fri Dec 18, 2020 7:11 pm
I will be pleasantly surprised if this comes off and not at all surprised if it doesn't.

Far to many conflicting reports to take anyone on this thread seriously
Pretty much my current thoughts too.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretAL » Fri Dec 18, 2020 7:27 pm

Wow, we had 4 days of sensible posts on this thread, its like the school has let out for the weekend. It will be done when its done.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by clarethomer » Fri Dec 18, 2020 7:32 pm

Dont call it mad friday for nothing

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by NewClaret » Fri Dec 18, 2020 8:02 pm

ClaretAL wrote:
Fri Dec 18, 2020 7:27 pm
Wow, we had 4 days of sensible posts on this thread, its like the school has let out for the weekend. It will be done when its done.
Let’s hope it’s the new normal and we’re all nice to each other in 2021!

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretTony » Fri Dec 18, 2020 8:09 pm

Nonayforever wrote:
Fri Dec 18, 2020 7:05 pm
My predication on who is the person orchestrating the takeover, using ALK as a front, is a current director.
I would be surprised if that was the case
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Hedontplayforyou » Fri Dec 18, 2020 8:30 pm

Eagerly anticipating this conclusion!

UTC

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Nonayforever » Fri Dec 18, 2020 8:49 pm

ClaretTony wrote:
Fri Dec 18, 2020 8:09 pm
I would be surprised if that was the case
Your article, when the takeover is all done and dusted, is going to make one hell of a fantastic read.

I would imagine a long lie down afterwards 😥👍.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretTony » Fri Dec 18, 2020 9:28 pm

Nonayforever wrote:
Fri Dec 18, 2020 8:49 pm
Your article, when the takeover is all done and dusted, is going to make one hell of a fantastic read.

I would imagine a long lie down afterwards 😥👍.
I doubt it to be honest - it will probably be a one liner with stuff to add later. But definitely a long like down afterwards and relief when Farnell is nowhere near it.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Bin Ont Turf » Fri Dec 18, 2020 9:38 pm

It'll all end in tears down the line, guaranteed.

https://www.youtube.com/watch?v=srwxJUXPHvE

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by kentonclaret » Fri Dec 18, 2020 9:48 pm

Interesting comment from the MatchZone section of The Metro today previewing the Burnley v Wolves game next Monday:

"In the run-up to facing Aston Villa last night, Burnley had begun to look much more their normal selves with boss Sean Dyche not planning big changes next month."

Sean not expecting the takeover to go through in time?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by GodIsADeeJay81 » Fri Dec 18, 2020 9:49 pm

Playing it safe incase it doesn't.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by FactualFrank » Fri Dec 18, 2020 9:52 pm

GodIsADeeJay81 wrote:
Fri Dec 18, 2020 9:49 pm
Playing it safe incase it doesn't.
This.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretAL » Fri Dec 18, 2020 10:00 pm

or man managing the players he has to make sure the dont feel inferior and demotivated?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by MRG » Fri Dec 18, 2020 10:11 pm

Or the reporter has no idea what’s going on at the club
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by IanMcL » Fri Dec 18, 2020 10:15 pm

This takeover thread is akin to the transfer rumour thread!

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by FactualFrank » Fri Dec 18, 2020 10:16 pm

IanMcL wrote:
Fri Dec 18, 2020 10:15 pm
This takeover thread is akin to the transfer rumour thread!
Come on Ian, this one may actually end up being positive.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by IanMcL » Fri Dec 18, 2020 10:20 pm

Yes but who we sign up as owners?
This lot, other lot, when? How much? How long? Will they play out of their skin or just be here for the money?

Will Mr Garlick still be part of the board? Will he invest his surplus?

Every day a new day...and nothing concrete! Just like the windows!
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Bin Ont Turf » Fri Dec 18, 2020 10:28 pm

IanMcL wrote:
Fri Dec 18, 2020 10:20 pm
Yes but who we sign up as owners?
This lot, other lot, when? How much? How long? Will they play out of their skin or just be here for the money?

Will Mr Garlick still be part of the board? Will he invest his surplus?

Every day a new day...and nothing concrete! Just like the windows!

https://www.youtube.com/watch?v=-voerxRSQ-M
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Paul Waine » Fri Dec 18, 2020 10:45 pm

kentonclaret wrote:
Fri Dec 18, 2020 9:48 pm
Interesting comment from the MatchZone section of The Metro today previewing the Burnley v Wolves game next Monday:

"In the run-up to facing Aston Villa last night, Burnley had begun to look much more their normal selves with boss Sean Dyche not planning big changes next month."

Sean not expecting the takeover to go through in time?
My take is that it is Sean Dyche preparing to spend every pound that the new owners provide - getting good value for that spend and keeping some of the additional funds to extend Tarky's contract and one or two others, where merited. Being "cool" on the need for new signings tells the market that we aren't going to be paying whatever the selling club thinks they can ask. It gives us "walk away" room, where there is better value elsewhere.

Splashing the cash is not a guarantee of success. It won't keep the Clarets in the Premier League if bringing in new players that are no better than the existing squad, but we've spent more than the existing squad feels is merited and maybe puts the new comers on higher wages than some of the existing first team starters and all we do is end up unsettling the team....Sean Dyche is a lot smarter than that. Evolution, not revolution.

Exciting times.

UTC

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Bin Ont Turf » Fri Dec 18, 2020 10:48 pm

Paul Waine wrote:
Fri Dec 18, 2020 10:45 pm

Exciting times.

UTC
Me thinks you're going to be very disappointed Paul.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by randomclaret2 » Fri Dec 18, 2020 10:49 pm

Bin Ont Turf wrote:
Fri Dec 18, 2020 10:48 pm
Me thinks you're going to be very disappointed Paul.
What makes you say that ?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by IanMcL » Fri Dec 18, 2020 10:50 pm

I think it may be a case if being told who is coming!

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by mill hill claret » Fri Dec 18, 2020 10:52 pm

Come on as paul waine says......Exciting times ..this is the first time in the clubs history that anything like this has happened ...mike garlick cares about the club and I'm sure he will sell to the people who will take the club to the next level
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Paul Waine » Fri Dec 18, 2020 10:56 pm

IanMcL wrote:
Fri Dec 18, 2020 10:20 pm
Yes but who we sign up as owners?
This lot, other lot, when? How much? How long? Will they play out of their skin or just be here for the money?

Will Mr Garlick still be part of the board? Will he invest his surplus?

Every day a new day...and nothing concrete! Just like the windows!
Hi Ian, I doubt Mike Garlick will remain a part of the board. I doubt Mike Garlick will be given the opportunity to re-invest in the club alongside the new investors. If that had been the intention, we wouldn't have seen it reported that Burnley was in "takeover" discussion. It would have been reported that a new investor was buying shares in the club, some of those shares might have been bought from existing (major) shareholders, the majority would have been new shares. Similar style of deal as Leeds and the 49ers.

The recent media reports have mentioned Mike Garlick remaining in the short term to assist the new owners. Maybe there will be an "earn out" element in the final price paid for the club - based on remaining in the Premier League being the obvious performance target. If MG does remain, he won't be a board director.

This is just my reading of the Reuters report, which is supported by the other recent media reports.

As always, I add that I have no direct information on what's going on. I'm not "in the know" in that sense. I do not have contacts either in the club or with any party that may be involved in the takeover discussions.

Exciting times.

UTC
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Paul Waine » Fri Dec 18, 2020 11:02 pm

Bin Ont Turf wrote:
Fri Dec 18, 2020 10:48 pm
Me thinks you're going to be very disappointed Paul.
Hi Bin Ont Turf. I guess we are all a little disappointed we've not been on t'Turf these past several months.

However, there's very little chance of me being disappointed. My glass is never less than half-full.

Whatever the outcome, it's been exciting times that Burnley are involved in these takeover activities with ALK. If this doesn't complete as we'd like it to, then we will move on to more exciting times.

UTC

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by TsarBomba » Fri Dec 18, 2020 11:02 pm

Dyche will undoubtedly play it cool regardless of what he knows or doesn’t.

But there’s no sense in trumpeting a takeover just before the window because it will inflate the asking price when we come calling.

I do wonder whether this ‘delay’ is just a ploy to drag it out into the window so we can get some business done without paying over the odds.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Bin Ont Turf » Fri Dec 18, 2020 11:06 pm

randomclaret2 wrote:
Fri Dec 18, 2020 10:49 pm
What makes you say that ?
Just looking at the Premier League table and seeing no medium to small club like ours in there with foreign investment doing well (and never have).

Looking at our brand.

Only a bellend or someone with ulterior motives wants to buy a football club if they aren't a supporter of that club.

My sixth sense.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Bin Ont Turf » Fri Dec 18, 2020 11:13 pm

Paul Waine wrote:
Fri Dec 18, 2020 11:02 pm
Hi Bin Ont Turf. I guess we are all a little disappointed we've not been on t'Turf these past several months.

However, there's very little chance of me being disappointed. My glass is never less than half-full.

Whatever the outcome, it's been exciting times that Burnley are involved in these takeover activities with ALK. If this doesn't complete as we'd like it to, then we will move on to more exciting times.

UTC
You keep that glass more than half full Paul. It never does any harm to be that way. 8-)
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Paul Waine » Fri Dec 18, 2020 11:16 pm

Bin Ont Turf wrote:
Fri Dec 18, 2020 11:06 pm
Just looking at the Premier League table and seeing no medium to small club like ours in there with foreign investment doing well (and never have).

Looking at our brand.

Only a bellend or someone with ulterior motives wants to buy a football club if they aren't a supporter of that club.

My sixth sense.
There are only 20 places in the Premier League and Burnley are one of those 20 clubs. Most of the others (all the others?) have already got "wealthy" owners. Burnley is one of the few opportunities to take a "small" club and make positive changes - changes that our current major shareholders don't have the money to make.

Moves to build Burnley's brand started in the US over 2 years ago - when the US media started taking notice of the club. So far as the US is concerned, Burnley is part of the same "metro city" district as Manchester and Liverpool. Can you imaging buying one of the 5 Premier League clubs in that "Metro-city" district - also known as the Northern Powerhouse.

Buy in early before someone else gets there and the opportunity is gone - or the price moves up so high that it's moved out of your league.

Yes, Exciting times.

UTC
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by IanMcL » Fri Dec 18, 2020 11:22 pm

I think that is the key points made Paul.

The size of Burnley worldwide is irrelevant. We are 1 of the 20 who happen to be called Burnley.

Our overseas sponsorship possibilities are the same as others. The major difference is the size of the crowd we can attract to matches. That does not exclude sales to the world market.

Fingers crossed.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Bin Ont Turf » Fri Dec 18, 2020 11:26 pm

Paul Waine wrote:
Fri Dec 18, 2020 11:16 pm
There are only 20 places in the Premier League and Burnley are one of those 20 clubs. Most of the others (all the others?) have already got "wealthy" owners. Burnley is one of the few opportunities to take a "small" club and make positive changes - changes that our current major shareholders don't have the money to make.

Moves to build Burnley's brand started in the US over 2 years ago - when the US media started taking notice of the club. So far as the US is concerned, Burnley is part of the same "metro city" district as Manchester and Liverpool. Can you imaging buying one of the 5 Premier League clubs in that "Metro-city" district - also known as the Northern Powerhouse.

Buy in early before someone else gets there and the opportunity is gone - or the price moves up so high that it's moved out of your league.

Yes, Exciting times.

UTC
I like your positivity Paul even if it's stretched.

I just hope that when it goes pear shaped that I'm dead by then. :D

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by bfcjg » Fri Dec 18, 2020 11:43 pm

I keep hearing about this next level, what actually is it ? Is it sustainable year after year with our fan base plus outside investment against clubs who get a lot more on plus outside investment.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by mill hill claret » Fri Dec 18, 2020 11:48 pm

bfcjg wrote:
Fri Dec 18, 2020 11:43 pm
I keep hearing about this next level, what actually is it ? Is it sustainable year after year with our fan base plus outside investment against clubs who get a lot more on plus outside investment.
Tho board at this present moment are going to struggle to keep us at this level
The new owners rumoured to be paying 200m ...why would they pay that amount of money ..not invest ..go down and be worth less than what they paid for us

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by bfcjg » Fri Dec 18, 2020 11:54 pm

mill hill claret wrote:
Fri Dec 18, 2020 11:48 pm
Tho board at this present moment are going to struggle to keep us at this level
The new owners rumoured to be paying 200m ...why would they pay that amount of money ..not invest ..go down and be worth less than what they paid for us
Ok, so what is the next level ?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by mill hill claret » Fri Dec 18, 2020 11:56 pm

Maybe replace an ageing squad with a younger squad ....better players than what we have now

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Bin Ont Turf » Sat Dec 19, 2020 12:02 am

mill hill claret wrote:
Fri Dec 18, 2020 11:48 pm
Tho board at this present moment are going to struggle to keep us at this level
The new owners rumoured to be paying 200m ...why would they pay that amount of money ..not invest ..go down and be worth less than what they paid for us
Yes that is the question, why would they pay that sort of money for us?

Why?

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