ALK Capital or Farnell/Elkashashy takeover

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Chester Perry
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Chester Perry » Wed Jan 25, 2023 10:59 am

and because you can only have a max of 3 images per post

Calder Vale
CVHL.JPG
CVHL.JPG (106.54 KiB) Viewed 2836 times
Kettering
KCL.JPG
KCL.JPG (101.77 KiB) Viewed 2836 times

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Wokingclaret » Wed Jan 25, 2023 7:46 pm

Hmm should we be worried now.

With signings happening, any wrong doing here and someone like Gibson at Middlesbrough will take action. He has previous

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Chester Perry » Wed Jan 25, 2023 7:52 pm

Wokingclaret wrote:
Wed Jan 25, 2023 7:46 pm
Hmm should we be worried now.

With signings happening, any wrong doing here and someone like Gibson at Middlesbrough will take action. He has previous
Nothing as yet to be worried about - it is just an habit that annoys a few us

still wondering which will come first this week

strike off notice for Kettering and Calder Valle for late Confirmation statement or the uploading of the account
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Carwin261 » Wed Jan 25, 2023 8:24 pm

That’s what I like to see ,everybody buzzing ,and someone has to be negative.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by 123EasyasBFC » Wed Jan 25, 2023 8:30 pm

Chester Perry wrote:
Wed Jan 25, 2023 10:58 am
It has taken a long time to catch up up but it is really nice for them to have the full sell in regards to first published accounts

meanwhile you have to appreciate the how much more balanced these pages look

VSPL.JPG

ALKCL.JPG
ALK on companies house doesn’t have the proposed strike off anymore

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by 123EasyasBFC » Wed Jan 25, 2023 8:34 pm

Sorry looking at the wrong ALK, I think one of the companies maybe dissolved for doing, like the Kettering one

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by DCWat » Wed Jan 25, 2023 8:38 pm

Carwin261 wrote:
Wed Jan 25, 2023 8:24 pm
That’s what I like to see ,everybody buzzing ,and someone has to be negative.
A strange angle to take.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Quickenthetempo » Wed Jan 25, 2023 8:38 pm

Carwin261 wrote:
Wed Jan 25, 2023 8:24 pm
That’s what I like to see ,everybody buzzing ,and someone has to be negative.
Buzzing- are you Bertie Bee?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Devils_Advocate » Wed Jan 25, 2023 9:32 pm

I used to work at 7 Park Row many moons ago but even back then we always suspected all their was dodgy dealings taking place at 1 Park Row

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Carwin261 » Wed Jan 25, 2023 9:56 pm

DCWat wrote:
Wed Jan 25, 2023 8:38 pm
A strange angle to take.
Not in the least ,enjoy the ride ,did you go on the Turf ,and bother about the finances when they played Blackburn Rovers?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretTony » Wed Jan 25, 2023 10:13 pm

Carwin261 wrote:
Wed Jan 25, 2023 9:56 pm
Not in the least ,enjoy the ride ,did you go on the Turf ,and bother about the finances when they played Blackburn Rovers?
The info on this thread is not about us playing Blackburn Rovers although that was an enjoyable afternoon without a doubt.

I, for one, appreciate the information I can pick up from this thread.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by DCWat » Wed Jan 25, 2023 10:16 pm

Carwin261 wrote:
Wed Jan 25, 2023 9:56 pm
Not in the least ,enjoy the ride ,did you go on the Turf ,and bother about the finances when they played Blackburn Rovers?
It’s just weird logic.

The two things can coexist, quite easily.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by SammyBoy » Wed Jan 25, 2023 10:20 pm

Please can somebody give the financially unsophisticated among us a TL;DR summary of what's happening here?
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by arise_sir_charge » Wed Jan 25, 2023 10:27 pm

SammyBoy wrote:
Wed Jan 25, 2023 10:20 pm
Please can somebody give the financially unsophisticated among us a TL;DR summary of what's happening here?
Yes, not a right lot.

Businesses have obligations to file documents with companies house and some of the documents relating to companies linked to our owners are late.

It will all be resolved one way or another with no particular impact on anything.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Swizzlestick » Wed Jan 25, 2023 10:32 pm

SammyBoy wrote:
Wed Jan 25, 2023 10:20 pm
Please can somebody give the financially unsophisticated among us a TL;DR summary of what's happening here?
All limited companies must file, annually - a set of year end financial statements and a Confirmation Statement, which basically confirms company details, share capital and any changes to directorships. The various entities highlighted above associated with Burnley FC are late filing both. Sometimes this can happen for innocent reasons - difficulties getting things signed off etc., though sometimes it means the accounts are being held back for as long as possible due to some possible issues with the contents. I'm tempted to more side with the former, but we'll have to wait and see.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by scouseclaret » Wed Jan 25, 2023 11:31 pm

Occasionally this season I’ve thought how supporting Burnley was never meant to be this good and wondered what could happen to derail a pretty ******* perfect season.

It doesn’t look likely to happen on the pitch. How about a 30 point deduction for financial irregularities??!!
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Chester Perry » Thu Jan 26, 2023 12:05 am

scouseclaret wrote:
Wed Jan 25, 2023 11:31 pm
Occasionally this season I’ve thought how supporting Burnley was never meant to be this good and wondered what could happen to derail a pretty ******* perfect season.

It doesn’t look likely to happen on the pitch. How about a 30 point deduction for financial irregularities??!!
I would say that is somewhat unlikely - though nothing is impossible - even if there was an issue (again I do not think there is) could the efl actually do anything within the required timeframe to impact the season - history says they would find it a challenge if they are not already putting a case together

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by SammyBoy » Thu Jan 26, 2023 9:32 am

What's the difference between ALK Capital Ltd, Calder Vale Holdings, Kettering Capital Ltd and Velocity Sports Partners Ltd?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Lancasterclaret » Thu Jan 26, 2023 9:36 am

Carwin261 wrote:
Wed Jan 25, 2023 8:24 pm
That’s what I like to see ,everybody buzzing ,and someone has to be negative.
Reporting reality isn't negative

Every Burnley fan is absolutely buzzing with what is happening on the pitch, but there are questions about how we are run off the pitch and one thing I think all football fans need to learn is that you have to keep an eye on what owners are doing as if (and I stress the word "if") it is going wrong, the quicker we know, the quicker we can do something about it
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by HistoricalClaret » Thu Jan 26, 2023 9:54 am

Lancasterclaret wrote:
Thu Jan 26, 2023 9:36 am
Reporting reality isn't negative

Every Burnley fan is absolutely buzzing with what is happening on the pitch, but there are questions about how we are run off the pitch and one thing I think all football fans need to learn is that you have to keep an eye on what owners are doing as if (and I stress the word "if") it is going wrong, the quicker we know, the quicker we can do something about it
This is something I think quite a few people need to realise. Theirs very little we can actually do about it. In this case having met Pace and heard him speak I have no doubt in my mind that A. He knows more about finances than anyone on this board ever will, his personal wealth is evident of this. B. He has the best intentions of the club and town at heart and C. Even if his primary goal is to make money he needs the club to succeed to achieve this and thus his intentions will align with our own so in all honesty I think y'all need to take a chill pill and just try and enjoy the ride for a bit.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Lancasterclaret » Thu Jan 26, 2023 9:59 am

HistoricalClaret wrote:
Thu Jan 26, 2023 9:54 am
This is something I think quite a few people need to realise. Theirs very little we can actually do about it. In this case having met Pace and heard him speak I have no doubt in my mind that A. He knows more about finances than anyone on this board ever will, his personal wealth is evident of this. B. He has the best intentions of the club and town at heart and C. Even if his primary goal is to make money he needs the club to succeed to achieve this and thus his intentions will align with our own so in all honesty I think y'all need to take a chill pill and just try and enjoy the ride for a bit.
No one is suggesting otherwise

Everything is going great absolutely no doubt, but the people who know a lot about this stuff are perfectly entitled to post

It might well be nothing, but it might not, and there is no harm in CP and others posted on this subject

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Hapag Lloyd » Thu Jan 26, 2023 10:00 am

HistoricalClaret wrote:
Thu Jan 26, 2023 9:54 am
This is something I think quite a few people need to realise. Theirs very little we can actually do about it. In this case having met Pace and heard him speak I have no doubt in my mind that A. He knows more about finances than anyone on this board ever will, his personal wealth is evident of this. B. He has the best intentions of the club and town at heart and C. Even if his primary goal is to make money he needs the club to succeed to achieve this and thus his intentions will align with our own so in all honesty I think y'all need to take a chill pill and just try and enjoy the ride for a bit.

Welcome back Ben

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by HistoricalClaret » Thu Jan 26, 2023 10:02 am

Hapag Lloyd wrote:
Thu Jan 26, 2023 10:00 am
Welcome back Ben
I'm not Ben

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Jakubclaret » Thu Jan 26, 2023 10:20 am

You can't blame some people for being confused consistency is up & down like a nurses night dress, CP himself has been lambasted negatively previously for reporting facts & on this occasion he's now being defended, the information he does post is very informative but I suspect at times he must feel himself he doesn't know if he's coming or going & can't do right for wrong. It's best to remain neutral regarding certain things if you can't make your mind up or change it like the wind.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by roperclaret » Thu Jan 26, 2023 10:32 am

Maybe we don’t want other clubs to know how much money we’ve got just yet?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by pureclaret » Thu Jan 26, 2023 10:36 am

For me without knowing all the facts, is this a case of legal wrong doing, a moral wrong doing, fast & lose business dealings, or trying to offset paying tax in one tax year and defering until a later date, as in avoidence of tax not evasion or just that things are not updated as quick as they happen?
At this momment in time, a memebr of parliment is bieng questioned over his tax affairs, and all of the above could apply to him.
For me on both subjects there is nothing I can do to alter or change, so I just will carry on cheering our players and manager.
UTC

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Spijed » Thu Jan 26, 2023 10:57 am

123EasyasBFC wrote:
Thu Jan 26, 2023 10:51 am
Mike garlick the ‘Burnley fan wants the best for the club’ thought the deal with ALK was in the clubs interest
It was certainly good business for Mike Garlick.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Big Vinny K » Thu Jan 26, 2023 10:58 am

HistoricalClaret wrote:
Thu Jan 26, 2023 9:54 am
This is something I think quite a few people need to realise. Theirs very little we can actually do about it. In this case having met Pace and heard him speak I have no doubt in my mind that A. He knows more about finances than anyone on this board ever will, his personal wealth is evident of this. B. He has the best intentions of the club and town at heart and C. Even if his primary goal is to make money he needs the club to succeed to achieve this and thus his intentions will align with our own so in all honesty I think y'all need to take a chill pill and just try and enjoy the ride for a bit.
Firstly how would you know that he knows more about finance than anyone on this board ? Wealth is not a substitute for knowledge.
And secondly even in your imaginary world where he knows more than the rest of us do you think that’s a guarantee for financial stability in a football club ? Have a look around at the finances of the professional football clubs in this country - they are full of “experts” who know more than the rest of us “ever will” about finance. I’ve met quite a few of them in the past - just before they were moved to the administrators.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Quickenthetempo » Thu Jan 26, 2023 11:02 am

123EasyasBFC wrote:
Thu Jan 26, 2023 10:51 am
Mike garlick the ‘Burnley fan wants the best for the club’ thought the deal with ALK was in the clubs interest
He might have been hoodwinked by Pace like HistoricalClaret has been?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by daveisaclaret » Thu Jan 26, 2023 11:02 am

HistoricalClaret wrote:
Thu Jan 26, 2023 9:54 am
This is something I think quite a few people need to realise. Theirs very little we can actually do about it. In this case having met Pace and heard him speak I have no doubt in my mind that A. He knows more about finances than anyone on this board ever will, his personal wealth is evident of this. B. He has the best intentions of the club and town at heart and C. Even if his primary goal is to make money he needs the club to succeed to achieve this and thus his intentions will align with our own so in all honesty I think y'all need to take a chill pill and just try and enjoy the ride for a bit.
I hope you at least charged him to have his boots licked

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Jakubclaret » Thu Jan 26, 2023 11:02 am

Spijed wrote:
Thu Jan 26, 2023 10:57 am
It was certainly good business for Mike Garlick.
& I'm sure you was the first 1 complaining about his investment when he first got involved.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by HistoricalClaret » Thu Jan 26, 2023 11:13 am

Big Vinny K wrote:
Thu Jan 26, 2023 10:58 am
Firstly how would you know that he knows more about finance than anyone on this board ? Wealth is not a substitute for knowledge.
And secondly even in your imaginary world where he knows more than the rest of us do you think that’s a guarantee for financial stability in a football club ? Have a look around at the finances of the professional football clubs in this country - they are full of “experts” who know more than the rest of us “ever will” about finance. I’ve met quite a few of them in the past - just before they were moved to the administrators.
Are you really going to start the debate of whether a wall street banker who has spent the best part of what 20 years working investment banks is less knowledgeable about finances than some individuals on a forum board with experience in parts of the finance sector is that the hill you really want to die on because lets be honest its a non-starter

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Foshiznik » Thu Jan 26, 2023 11:14 am

Is there a chance that companies house just hasn’t updated the page. Anyone who has dealt with them, dwp or hmrc, will know how inefficient they can be sometimes.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by HistoricalClaret » Thu Jan 26, 2023 11:15 am

daveisaclaret wrote:
Thu Jan 26, 2023 11:02 am
I hope you at least charged him to have his boots licked
If you can come back at me with a legitimate argument that counteracts any of my points I would be happy to discuss it. But just claiming i'm licking an individuals boots ,when instead I am attempting to make a valid point that said individual seems genuine in my opinion, just makes you look a bit immature.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Chester Perry » Thu Jan 26, 2023 11:23 am

roperclaret wrote:
Thu Jan 26, 2023 10:32 am
Maybe we don’t want other clubs to know how much money we’ve got just yet?
or vice versa

I have included a theory about where the money we are spending currently in my latest article for the London Clarets Magazine - ''Something to write home about'' where I also mention the 'joyous experience of watching our delightful team develop and progress on the pitch' and that we are currently in'what is actually a quite extraordinary, exhilarating present'..

Contrary to popular opinion of me I also acknowledge the contribution of role of the ownership group by saying that Pace and Co 'have helped to deliver huge doses of joy and hope to the fans of Burnley Football Club and the town'.

These truths - for that is what they are - do not stop me pointing out other ones which some view as being negative. I do try to be balanced about these thing - whatever some may think.

This latest article is titled 'Custodians no more' and is essentially a mixed report card on the first two years of the ALK VSL ownership - that first looks at how leverage takeovers became possible, providing a short backstory of football's journey from sporting pastime to industry, The FA;s determination to make clubs not for profit enterprises (Rule 34), how the FA (along with the league bodies) became negligent in this area, allowing the flotation of clubs and the creation of the Premier League. Corporate raiding, becomes inevitable as does leveraged buyouts with the FA and leagues powerless to do anything about it. After a quick overview of the English games experience of leveraged takeovers I look at the cash outflow from the club to date and detail the debt picture as I estimate it to be (close to what has previously been posted on these pages). I then look at likely outflows still to come and include my thoughts on where monies may come from. I point out that all this outflow has an 'opportunity cost' and before concluding I make special not that the repayment of the related company loans can never constitute investment in the club - no matter how the ownership group may paint new investment in it.

For those interested the magazine is produced 5 or 6 times a year and features a mixture of match reports, Dave Thomas's diary, the occasional book review, articles on historic matches and events involving the club, recently Natalie Bromley of the NNN Podcast has started to produce a regular column. I always end up reading it cover to cover when it drops through the letterbox - since it's inception nearly 50 years ago editorial policy has been that the magazine should be one it is a 'publication of record in regards to the club' which is really quite laudable.

The magazine is included as part of the membership benefit of the London Clarets - anyone interested can find more information here https://www.londonclarets.org.uk/membership - this is the same link as the advertisement next to all of CT's articles
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Big Vinny K » Thu Jan 26, 2023 11:42 am

HistoricalClaret wrote:
Thu Jan 26, 2023 11:13 am
Are you really going to start the debate of whether a wall street banker who has spent the best part of what 20 years working investment banks is less knowledgeable about finances than some individuals on a forum board with experience in parts of the finance sector is that the hill you really want to die on because lets be honest its a non-starter
The fact you are so smitten with him says a lot more about you than anyone else.

In truth you have no clue whatsoever as to Alan Pace’s background or financial credentials. A brief meeting and knowing he worked on Wall Street doesn’t qualify you.
You also have no clue whatsoever about the background of everyone on this board.

It’s not about dying on hills - it’s about calling you out for talking boll-ox.

As said don’t post on a thread that you have no interest in. It’s pretty simple…don’t read it.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretPete001 » Thu Jan 26, 2023 12:52 pm

HistoricalClaret wrote:
Thu Jan 26, 2023 11:13 am
Are you really going to start the debate of whether a wall street banker who has spent the best part of what 20 years working investment banks is less knowledgeable about finances than some individuals on a forum board with experience in parts of the finance sector is that the hill you really want to die on because lets be honest its a non-starter
Vygotsky wrote an important book in 1934 about how thought and language intertwine to create conceptual understanding. Unfortunately, it can also be unhelpful.

A Wall Street banker is used to signify expertise in every day conversation but what exactly is a Wall Street banker: a trader? a broker? a Sales Director in an investment bank?

Investment 'finance' is not the same as business 'finance' - same word totally different things...!

The point is that just because we are from Burnley doesn't mean we have to be dim or not ask the simple questions.

ALK have done a brilliant job running on the footballing side of the business so far and if they manage the financial side of it as well no one is going to remember these debates but there is room for scepticism on here. After all, Kwasi Kwarteng was a 'finance' analyst at JP Morgan Chase and look how that turned out.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by HistoricalClaret » Thu Jan 26, 2023 12:56 pm

ClaretPete001 wrote:
Thu Jan 26, 2023 12:52 pm
Vygotsky wrote an important book in 1934 about how thought and language intertwine to create conceptual understanding. Unfortunately, it can also be unhelpful.

A Wall Street banker is used to signify expertise in every day conversation but what exactly is a Wall Street banker: a trader? a broker? a Sales Director in an investment bank?

Investment 'finance' is not the same as business 'finance' - same word totally different things...!

The point is that just because we are from Burnley doesn't mean we have to be dim or not ask the simple questions.

ALK have done a brilliant job running on the footballing side of the business so far and if they manage the financial side of it as well no one is going to remember these debates but there is room for scepticism on here. After all, Kwasi Kwarteng was a 'finance' analyst at JP Morgan Chase and look how that turned out.
I'm from Burnley I never once implied anyone was dim or should not as "simple questions" I simply stated that Alan Pace very clearly knows what hes doing whether we agree with it or not.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Chester Perry » Thu Jan 26, 2023 1:11 pm

HistoricalClaret wrote:
Thu Jan 26, 2023 12:56 pm
I'm from Burnley I never once implied anyone was dim or should not as "simple questions" I simply stated that Alan Pace very clearly knows what hes doing whether we agree with it or not.
or at the very least and just as importantly, Alan Pace 'Believes' he knows what he is doing

That said, your general premise that he knows more about the real life situation at the club at the moment is impossible to argue against, as I have previously acknowledged in this thread

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by elwaclaret » Thu Jan 26, 2023 1:18 pm

Big Vinny K wrote:
Thu Jan 26, 2023 11:42 am
The fact you are so smitten with him says a lot more about you than anyone else.

In truth you have no clue whatsoever as to Alan Pace’s background or financial credentials. A brief meeting and knowing he worked on Wall Street doesn’t qualify you.
You also have no clue whatsoever about the background of everyone on this board.

It’s not about dying on hills - it’s about calling you out for talking boll-ox.

As said don’t post on a thread that you have no interest in. It’s pretty simple…don’t read it.
Pace was wearing a Doctorate outfit while presenting awards at Burnley University College. Has he earned it or is it an honorary thing? I’m asking as I don’t know. What is sure is that Burnley College has a strong relationship with Alan Pace, far more than a ‘brief meeting’ would be involved. Is it possible the poster is connected to that? Burnley College will also be keen to understand what he can offer their students, naturally. I suspect there are people in Burnley who have a lot more idea of the ‘big picture’ than us that casually follow this thread. I don’t know the answer to these questions btw, but to rubbish the poster is assumptive. I’m simply going off the posters username, and potential reasons he/she is confident in his/her view (through personal knowledge or association), over that on an unofficial website.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by claptrappers_union » Thu Jan 26, 2023 1:20 pm

Everyone is buzzing; stop being so negative.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by elwaclaret » Thu Jan 26, 2023 1:24 pm

claptrappers_union wrote:
Thu Jan 26, 2023 1:20 pm
Everyone is buzzing; stop being so negative.
I hadn’t realised you were a Portsmouth fan Claptrappers. :o

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Chester Perry » Thu Jan 26, 2023 1:27 pm

elwaclaret wrote:
Thu Jan 26, 2023 1:24 pm
I hadn’t realised you were a Portsmouth fan Claptrappers. :o
The point is actually extremely well made about the Portsmouth situation by claptrappers - though most fans, now knowing that the club did not fold, would take the same scenario it seems

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by claretonthecoast1882 » Thu Jan 26, 2023 1:31 pm

Surely we can do better than Portsmouth..

Scunthorpe or Bury perhaps

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by scouseclaret » Thu Jan 26, 2023 1:34 pm

ClaretPete001 wrote:
Thu Jan 26, 2023 12:52 pm
Vygotsky wrote an important book in 1934 about how thought and language intertwine to create conceptual understanding. Unfortunately, it can also be unhelpful.

A Wall Street banker is used to signify expertise in every day conversation but what exactly is a Wall Street banker: a trader? a broker? a Sales Director in an investment bank?

Investment 'finance' is not the same as business 'finance' - same word totally different things...!

The point is that just because we are from Burnley doesn't mean we have to be dim or not ask the simple questions.

ALK have done a brilliant job running on the footballing side of the business so far and if they manage the financial side of it as well no one is going to remember these debates but there is room for scepticism on here. After all, Kwasi Kwarteng was a 'finance' analyst at JP Morgan Chase and look how that turned out.
Indeed. The private equity industry is littered with extremely clever and highly qualified people taking enormous risks with other peoples' money, using ever more complicated financial engineering and multi-layered companies. Often they get it right, but more than occasionally it goes horribly wrong - for the banker as long as you get more of the former than the latter you can still have a successful career, but if you happen to be involved in one of the ones that go wrong it can be catastrophic. Personally, I think the LBO is wholly unsuitable for the vast majority of football clubs, but hopefully Mr Pace will prove me wrong.

Also, from what I've read, Pace's career was more centred around the sales/operations side than at the front end, no?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Big Vinny K » Thu Jan 26, 2023 2:09 pm

elwaclaret wrote:
Thu Jan 26, 2023 1:18 pm
Pace was wearing a Doctorate outfit while presenting awards at Burnley University College. Has he earned it or is it an honorary thing? I’m asking as I don’t know. What is sure is that Burnley College has a strong relationship with Alan Pace, far more than a ‘brief meeting’ would be involved. Is it possible the poster is connected to that? Burnley College will also be keen to understand what he can offer their students, naturally. I suspect there are people in Burnley who have a lot more idea of the ‘big picture’ than us that casually follow this thread. I don’t know the answer to these questions btw, but to rubbish the poster is assumptive. I’m simply going off the posters username, and potential reasons he/she is confident in his/her view (through personal knowledge or association), over that on an unofficial website.
I’m not rubbishing the poster (as such !!)
If he chooses to post on a thread questioning the point of the thread and the concerns of some posters (who clearly have a deep financial background in some cases) and does that on the basis that Alan Pace has more knowledge than any poster because he has worked on Wall Street (or anything else he chooses to base his view on) then he deserves to be called out. Even if he has a very detailed knowledge of AP (which I doubt) he has no knowledge of the posters on this board and it also does not mean the club is without financial risk. Bernie Madoff had extensive financial experience. !!

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by elwaclaret » Thu Jan 26, 2023 2:15 pm

Chester Perry wrote:
Thu Jan 26, 2023 1:27 pm
The point is actually extremely well made about the Portsmouth situation by claptrappers - though most fans, now knowing that the club did not fold, would take the same scenario it seems
Again assumption is required to make that leap.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by HistoricalClaret » Thu Jan 26, 2023 2:17 pm

Big Vinny K wrote:
Thu Jan 26, 2023 2:09 pm
I’m not rubbishing the poster (as such !!)
If he chooses to post on a thread questioning the point of the thread and the concerns of some posters (who clearly have a deep financial background in some cases) and does that on the basis that Alan Pace has more knowledge than any poster because he has worked on Wall Street (or anything else he chooses to base his view on) then he deserves to be called out. Even if he has a very detailed knowledge of AP (which I doubt) he has no knowledge of the posters on this board and it also does not mean the club is without financial risk. Bernie Madoff had extensive financial experience. !!
My criticism is more that none of the posters including myself have access to; those accounts, Alan Paces personal brain, the CURRENT list of ALK investors and financials or the General Motivations of ALK Capital as an entity and thus as a result everything you post in regards to those is speculation, informed speculation or otherwise so pardon me if I choose to trust an individual who thus far has been open and effective as the owner of our club, whose daughter got engaged at our ground because that's where she met her partner and whose entire life is very explicitly intertwined with our club and its fate. I was present at the graduation and having heard his speech began to see him more as person a human being rather than a mystical entity or the big bad that some on this board seem to see him as.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by arise_sir_charge » Thu Jan 26, 2023 2:21 pm

I take a far more simplistic view.

Despite multiple views to the contrary and people questioning whether Alan Pace or ‘the Yanks’ knew what they were doing, pretty much all of the available evidence to date suggests that they know exactly what they are doing.

They’ve rejuvenated the club seemingly on and off the field, whilst at the same time paying off a huge chunk of the MSD Loan everybody was so concerned about. We have a great manager who is a legend of the game, we are playing in front of sell out crowd and attracting positive attention from all around the world. We’ve gone from the so called ‘Brexit Burnley’ to a team that everyone now seems to appreciate and enjoy (our rivals aside).

On that basis, I’m happy to conclude that despite what some may have thought and may even still think, Alan Pace and his team know exactly what they are doing.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by HistoricalClaret » Thu Jan 26, 2023 2:22 pm

arise_sir_charge wrote:
Thu Jan 26, 2023 2:21 pm
I take a far more simplistic view.

Despite multiple views to the contrary and people questioning whether Alan Pace or ‘the Yanks’ knew what they were doing, pretty much all of the available evidence to date suggests that they know exactly what they are doing.

They’ve rejuvenated the club seemingly on and off the field, whilst at the same time paying off a huge chunk of the MSD Loan everybody was so concerned about. We have a great manager who is a legend of the game, we are playing in front of sell out crowd and attracting positive attention from all around the world. We’ve gone from the so called ‘Brexit Burnley’ to a team that everyone now seems to appreciate and enjoy (our rivals aside).

On that basis, I’m happy to conclude that despite what some may have thought and may even still think, Alan Pace and his team know exactly what they are doing.
Exactly.

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