ALK Capital or Farnell/Elkashashy takeover

[dsr]

Constantly while in charge of the club like he was accused of on here ? Nothing

On selling the club he got the price someone was willing to pay, the same with any house or business anywhere in the world. The comments like yours above done so out of pure jealousy offer nothing. Should he have given the club away rather than sell it ? Nobody was complaining when he initially took the club on, but because under him the club done well he shouldn't be rewarded in some eyes.

I suppose if in a few years time the club is on its arse and in a lower division you will be happy that the current owners can't sell it at a profit, or would you prefer the club to do well and be valued even higher again?

Unfortunately you're still missing the point entirely. People who object to the sale do so, not because Garlick has become rich, but because Burnley Football Club has become poor.

The club has funded or guaranteed about £100m to be paid to Garlick. Would those club profits have been better spent on players or updating the stadium? some of us think so.

[claretonthecoast1882]

Unfortunately you're still missing the point entirely. People who object to the sale do so, not because Garlick has become rich, but because Burnley Football Club has become poor.

The club has funded or guaranteed about £100m to be paid to Garlick. Would those club profits have been better spent on players or updating the stadium? some of us think so.

Not missing any point at all dsr and your second paragraph says you should look a little closer to home for someone who is doing so.

[fatboy47]

FWIW.
I had some strong reservations about the manner of the takeover...clearly MG had found a way of cashing in his chips which was going to plunge the club into a fairly enormous debt. That was MGs affair..no point moaning about it...but spare us the portrayals of him as some kind of philanthropist..hes clearly fallen out with Dyche and cleared off with the takings. Move on.

The proof of the pudding, though, is in the eating. There has been no plundering of our assets since January, McNeil/Pope/Tarks/Wood all still with us, and sensible acquisitions have been made. The current squad, under Dyche, is adequate, and will move up the table in due course.

Cry when you're hurt.

[dsr]

Not missing any point at all dsr

You are missing the point. You're railing about people objecting to Garlick becoming rich, when people are not objecting to Garlick becoming rich.

[claretonthecoast1882]

You are missing the point. You're railing about people objecting to Garlick becoming rich, when people are not objecting to Garlick becoming rich.

ok

[Sleeping Cat]

There has been no plundering of our assets since January, McNeil/Pope/Tarks/Wood all still with us, and sensible acquisitions have been made. The current squad, under Dyche, is adequate, and will move up the table in due course.

Cry when you're hurt.

There has been no plundering of our footballing assets, but other assets, such as our cash balance have been severely plundered. We have bought some sensible players to add to the squad, and that was much needed, but again this is pushing the club into further financial debt and when relegation eventually happens (as it will someday because only 6 teams are realistically relegation proof) we will be hurt by this and then the football assets will also go. cue

[clansman]

Malcolm Jenkins , two time Super Bowl winner, New Orleans, has taken a minority share in the club. Another vote of confidence in the club being well run and with Alan pace as Chairman.

[joey13]

FWIW.
I had some strong reservations about the manner of the takeover...clearly MG had found a way of cashing in his chips which was going to plunge the club into a fairly enormous debt. That was MGs affair..no point moaning about it...but spare us the portrayals of him as some kind of philanthropist..hes clearly fallen out with Dyche and cleared off with the takings. Move on.

The proof of the pudding, though, is in the eating. There has been no plundering of our assets since January, McNeil/Pope/Tarks/Wood all still with us, and sensible acquisitions have been made. The current squad, under Dyche, is adequate, and will move up the table in due course.

Cry when you're hurt.

2 wins in how many games , says different

[joey13]

Constantly while in charge of the club like he was accused of on here ? Nothing

On selling the club he got the price someone was willing to pay, the same with any house or business anywhere in the world. The comments like yours above done so out of pure jealousy offer nothing. Should he have given the club away rather than sell it ? Nobody was complaining when he initially took the club on, but because under him the club done well he shouldn't be rewarded in some eyes.

I suppose if in a few years time the club is on its arse and in a lower division you will be happy that the current owners can't sell it at a profit, or would you prefer the club to do well and be valued even higher again?

More gullible nonsense

[Newcastleclaret93]

FWIW.
I had some strong reservations about the manner of the takeover...clearly MG had found a way of cashing in his chips which was going to plunge the club into a fairly enormous debt. That was MGs affair..no point moaning about it...but spare us the portrayals of him as some kind of philanthropist..hes clearly fallen out with Dyche and cleared off with the takings. Move on.

The proof of the pudding, though, is in the eating. There has been no plundering of our assets since January, McNeil/Pope/Tarks/Wood all still with us, and sensible acquisitions have been made. The current squad, under Dyche, is adequate, and will move up the table in due course.

Cry when you're hurt.

4 wins in 28 games and none in our last 11 kind of highlights our squad currently isn’t good enough.

Your saying there was no plundering of our assets, genuine question who the hell wanted our best talent?

McNeil/Cornet are the only assets we could make any kind of money on.

[claretonthecoast1882]

More gullible nonsense

Come on then joey, you're not normally this shy, how much did the previous owners take out the club while running it

[joey13]

Come on then joey, you're not normally this shy, how much did the previous owners take out the club while running it

I get it your happy your hero has left the club with more debt than it has had in its entire history

[claretonthecoast1882]

I get it your happy your hero has left the club with more debt than it has had in its entire history

I don't have heroes joey I am not 12 yr old, that didn't though answer the question.

[elwaclaret]

I get it your happy your hero has left the club with more debt than it has had in its entire history

And for balance… and has provided an opportunity for Burnley football club to chase outside investors and potential supporters that were never going to be reachable for previous owners to service that increased debt and propel the club forwards

[Rombald]

4 wins in 28 games and none in our last 11 kind of highlights our squad currently isn’t good enough.

Your saying there was no plundering of our assets, genuine question who the hell wanted our best talent?

McNeil/Cornet are the only assets we could make any kind of money on.

Wood, Pope, possibly Taylor, Collins, Brownhill.
Why the constant negativity?

[GodIsADeeJay81]

Wood, Pope, possibly Taylor, Collins, Brownhill.
Why the constant negativity?

They're happiest when complaining.

[Newcastleclaret93]

Wood, Pope, possibly Taylor, Collins, Brownhill.
Why the constant negativity?

It’s just realism, most of this board live in absolute fantasy land.

Them players combined wouldn’t even cover our debt.

[elwaclaret]

It’s just realism, most of this board live in absolute fantasy land.

Them players combined wouldn’t even cover our debt.

Alternatively, our new investors have a plan in place that will not rely on selling players to cover the debt, so making up figures for contracted players is itself nothing but fantasy.

[Newcastleclaret93]

Alternatively, our new investors have a plan in place that will not rely on selling players to cover the debt, so making up figures for contracted players is itself nothing but fantasy.

What’s that plan?

[elwaclaret]

What’s that plan?

I am not privy to the inner workings of the boardroom, only the same information that everyone else sees. Read the thread with an open mind. If Jenkins is the first of a new type of investor, with their own specialisations that ALK can draw upon for help and expansion is that not a better system than relying on an individual to stay interested / to have the support network to implement new ideas? How many people have only paid Burnley attention this week because a hero of their’s is now involved? If just a minor percentage back up that interest additional funds are generated

[taio]

It’s just realism, most of this board live in absolute fantasy land.

Them players combined wouldn’t even cover our debt.

In relation to your general point about most posters on this board living in absolute fantasty land, phrases like 'people who live in glass houses shouldn't throw stones' seems particularly apt here.

[GodIsADeeJay81]

What’s that plan?

Why do you think anyone will be privy to it on here and also why do you need to know?
It's not your business

[Rombald]

It’s just realism, most of this board live in absolute fantasy land.

Them players combined wouldn’t even cover our debt.

I wasn't speculating if "them" players would cover any debt. I was responding to a comment you'd made about only 2 players having any potential profit/worth anything.

Realism is being content (more than that) with the fact that we are still a premier league football club. This won't last forever, but I'll moan about that when it happens. Enjoy the moment.

[Newcastleclaret93]

I am not privy to the inner workings of the boardroom, only the same information that everyone else sees. Read the thread with an open mind. If Jenkins is the first of a new type of investor, with their own specialisations that ALK can draw upon for help and expansion is that not a better system than relying on an individual to stay interested / to have the support network to implement new ideas? How many people have only paid Burnley attention this week because a hero of their’s is now involved? If just a minor percentage back up that interest additional funds are generated

So there isn’t a plan?

[elwaclaret]

So there isn’t a plan?

And you know that, I suppose; aren’t you clever?

[Newcastleclaret93]

And you know that, I suppose; aren’t you clever?

No, you said they have a plan and I have asked what it is? You have not been able to tell me.

[elwaclaret]

No, you said they have a plan and I have asked what it is? You have not been able to tell me.

You quite clearly have a problem reading by the number of times you ‘chose’ to misquote people on here.

[Newcastleclaret93]

You quite clearly have a problem reading by the number of times you ‘chose’ to misquote people on here.

Your quote

“Alternatively, our new investors have a plan in place that will not rely on selling players to cover the debt”

[claretonthecoast1882]

Your quote

“Alternatively, our new investors have a plan in place that will not rely on selling players to cover the debt”

So because someone not part of the investment group doesn't know the owners have no plan ?

Great logic.. try not running to the mods

[GodIsADeeJay81]

No, you said they have a plan and I have asked what it is? You have not been able to tell me.

You do this on purpose don't you?
So because no one on here has the full details of the business plan, you've determined that there is no plan....

I struggle to wrap my head around your approach to this club at times.

[elwaclaret]

So because someone not part of the investment group doesn't know the owners have no plan ?

Great logic.. try not running to the mods

??? What a strange individual you are. Because you don’t know something it cannot exist… what a wonderful world you must live in, is it dark inside your box? Please stop fishing… if that is what you think it is. All you are proving is that you are a close minded clown.

And why would I report you to the mods? Don’t think I’ve ever done that to anyone… especially when they are casting themselves as a nob.

[Newcastleclaret93]

You do this on purpose don't you?
So because no one on here has the full details of the business plan, you've determined that there is no plan....

I struggle to wrap my head around your approach to this club at times.

Not at all, I am merely asking the question. I’ve been told there is a plan, I’m not looking for a breakdown of the business just what is the broad plan that will result in us not having to sell players to cover debt.

[claretonthecoast1882]

??? What a strange individual you are. Because you don’t know something it cannot exist… what a wonderful world you must live in, is it dark inside your box? Please stop fishing… if that is what you think it is. All you are proving is that you are a close minded clown.

And why would I report you to the mods? Don’t think I’ve ever done that to anyone… especially when they are casting themselves as a nob.

Have you got 2 accounts elwa ?

Considering I was agreeing with you, yet you reply to me almost as newcastle then end it calling me a nob.

No need to apologise but maybe read what you have actually replied to with what you said

[GodIsADeeJay81]

Not at all, I am merely asking the question. I’ve been told there is a plan, I’m not looking for a breakdown of the business just what is the broad plan that will result in us not having to sell players to cover debt.

You're asking a question and then deciding there can't be a plan because we don't know it in any real detail

You're purposely being negative and quite frankly it's bizarre

Go down to St James' Park and ask them for a copy of their business model and future plans, let me know how that works out for you....

Plenty of ideas and suggestions have been put forward on here, many of them very good and still you cannot seem to understand what it takes to grow a business commercially

If you can't get it now, then it really doesn't matter what anyone tells you, if it doesn't suit your agenda you'll be negative about it.

Find a new hobby, this one is clearly making you miserable.

[elwaclaret]

Have you got 2 accounts elwa ?

Considering I was agreeing with you, yet you reply to me almost as newcastle then end it calling me a nob.

No need to apologise but maybe read what you have actually replied to with what you said

No, sorry don’t know why it jumped, it was not a reply to you… it happens occasionally when I’m on the I pad… it was a direct response to the numpties post so why it attached to your point is a mystery… it happened the other day and I only found out because Lancaster pointed it out… sorry if it caused confusion, as I have no problem with any of your output, from memory.

[claretonthecoast1882]

No, sorry don’t know why it jumped, it was not a reply to you… it happens occasionally when I’m on the I pad… it was a direct response to the numpties post so why it attached to your point is a mystery… it happened the other day and I only found out because Lancaster pointed it out… sorry if it caused confusion, as I have no problem with any of your output, from memory.

Like I said no need to apologise, I presumed there was a mix up.

[Newcastleclaret93]

You're asking a question and then deciding there can't be a plan because we don't know it in any real detail

You're purposely being negative and quite frankly it's bizarre

Go down to St James' Park and ask them for a copy of their business model and future plans, let me know how that works out for you....

Plenty of ideas and suggestions have been put forward on here, many of them very good and still you cannot seem to understand what it takes to grow a business commercially

If you can't get it now, then it really doesn't matter what anyone tells you, if it doesn't suit your agenda you'll be negative about it.

Find a new hobby, this one is clearly making you miserable.

I’m not miserable at all, I just don’t understand how people can defend the new owners to the extent you are when there is nothing to suggest they have a plan that will result in there being no debt (specifically in relation to if we are relegated).

Bit of moot point highlighting Newcastle, they haven’t been taken over with a leveraged deal. They have the richest owners on the planet.

[Newcastleclaret93]

No, sorry don’t know why it jumped, it was not a reply to you… it happens occasionally when I’m on the I pad… it was a direct response to the numpties post so why it attached to your point is a mystery… it happened the other day and I only found out because Lancaster pointed it out… sorry if it caused confusion, as I have no problem with any of your output, from memory.

Again is there any need to call someone names.

You said they had a plan, I asked you what it was and you couldn’t answer.

[claretonthecoast1882]

I’m not miserable at all, I just don’t understand how people can defend the new owners to the extent you are when there is nothing to suggest they have a plan that will result in there being no debt (specifically in relation to if we are relegated).

Bit of moot point highlighting Newcastle, they haven’t been taken over with a leveraged deal. They have the richest owners on the planet.

What is the harm in debt, especially when the club means nothing to you and it is just an entertainment product

[GodIsADeeJay81]

I’m not miserable at all, I just don’t understand how people can defend the new owners to the extent you are when there is nothing to suggest they have a plan that will result in there being no debt (specifically in relation to if we are relegated).

Bit of moot point highlighting Newcastle, they haven’t been taken over with a leveraged deal. They have the richest owners on the planet.

No, I've asked you to go get a copy of their business deal, you seem to think this information is readily available to the average fan...let me know when you get it

Nothing to suggest they have a plan?
Again, it isn't information that's readily available, something you're repeatedly ignoring because you'd rather be negative about it all, you want to focus on negative outcomes that's it

It's a miserable way of living from what I can see.

They've already got Dyche on board, signed some good players, will be signing more over the next few windows I suspect because we didn't get all of our business done last window.
They've gone to great lengths to improve social media, in-stadium advertising, tried to not alienate the local club sponsors with the electronic board outside the club and have got the NFL player onboard.

The women's team has been brought onboard and in-house now, another good step.

That's all positive steps that you're just not interested in.
You'd have a point if the club had stood still since the takeover, but it hasn't, everything has shown signs of progressive steps and you're whinging that you can't see a plan...

[Newcastleclaret93]

No, I've asked you to go get a copy of their business deal, you seem to think this information is readily available to the average fan...let me know when you get it

Nothing to suggest they have a plan?
Again, it isn't information that's readily available, something you're repeatedly ignoring because you'd rather be negative about it all, you want to focus on negative outcomes that's it

It's a miserable way of living from what I can see.

They've already got Dyche on board, signed some good players, will be signing more over the next few windows I suspect because we didn't get all of our business done last window.
They've gone to great lengths to improve social media, in-stadium advertising, tried to not alienate the local club sponsors with the electronic board outside the club and have got the NFL player onboard.

The women's team has been brought onboard and in-house now, another good step.

That's all positive steps that you're just not interested in.
You'd have a point if the club had stood still since the takeover, but it hasn't, everything has shown signs of progressive steps and you're whinging that you can't see a plan...

They are positive steps but they aren’t going resolve the financial problems ALK have brought specifically this season if we are relegated.

It’s not negative to want to know how the owners plan on keeping the club afloat if we are relegated.

[elwaclaret]

What is the harm in debt, especially when the club means nothing to you and it is just an entertainment product

I’m leaving him to it you simply cannot apply reason to someone who point blank refuses to see and then employs devious misquotes to attempt some sort of sad act ‘win’, he’s clearly a genius.

[RicardoMontalban]

They are positive steps but they aren’t going resolve the financial problems ALK have brought specifically this season if we are relegated.

It’s not negative to want to know how the owners plan on keeping the club afloat if we are relegated.

Here’s a thought. Maybe our new owners don’t see the merit in publicly outlining what their plans are in the event of relegation. Doesn’t exactly improve our profile if within the first 12 months they’re coming out and saying to allay everyone’s fears in the first full season they have at the club. Fantastic way to attract new investment.

Doesn’t mean they don’t have that contingency in place. How any sane individual expects other posters on a message board to have that sort of clairvoyance is beyond me.

[Conroy92]

I believe that comments around not selling assets and a plan for us to be sustainable is based on increasing the revenue. I think that has always been known. However the plan as people are calling it must have situations A, B and C type strategy's, in the event of plan A failing, plan B is the backup and so on.

I believe plan A is to increase and grow the revenue, through what means is unknown but investors have a lot to play and personally I could see stadium naming rights involved at some stage in the future but time will tell. What we don't know is in the event of relegation after only one season, are we jumping to plan B, C or D? Plan A could have seen us reach (or forecasted to reach) sustainability after another 5 years of premier league football) what scenario will be chosen after being relegated and revenue not increased to where we need it? You can gaurentee one of the scenarios will likely see us selling assets and cutting cloth but is this plan B or D?

The only certain thing is that there is a plan (contrary to some posters thoughts) many plans infact based on many things. Which one will be implemented is anyone bar the owners guess and how close we go to reaching the internal targets set by themselves.

Because you don't know the plan does not mean there is not one.

However people also need to be cautious saying we won't have to sell players. That is another unknown. Not all plans work first time every time and if we need to we will, it's simple.

[KRBFC]

Malcolm Jenkins , two time Super Bowl winner, New Orleans, has taken a minority share in the club. Another vote of confidence in the club being well run and with Alan pace as Chairman.

Is this a good thing? another mouth to feed? another person to pay?

[KRBFC]

Alternatively, our new investors have a plan in place that will not rely on selling players to cover the debt, so making up figures for contracted players is itself nothing but fantasy.

That's completely fake news though isn't it? They have never said that because they're not stupid enough to believe it. Fantasy land stuff, I'm sure they're well aware if we're relegated, players will need to be sold to raise income to service the payments to Garlick, let alone MSD.

[KRBFC]

Posting La La Land stuff then accusing those pointing out potential reality as negative is a weird approach often seen on this forum.

[KRBFC]

You do this on purpose don't you?
So because no one on here has the full details of the business plan, you've determined that there is no plan....

I struggle to wrap my head around your approach to this club at times.

He asked ''what is the plan'', he never said ''there is no plan''

I think the lack of comprehension skills really lets people on here down, there's a clear difference between the two statements yet people are all confused and jumping down his neck. Sit back and read the posts 5x before replying.

[elwaclaret]

Is this a good thing? another mouth to feed? another person to pay?

Another mouth to feed? I think a lot of us will be starving long before Jenkin’s relies on Burnley Football Club to top up his pot. While you are quite right to point out that he will look for a return… He has a record of philanthropic endeavour, so why should we presume such returns are only expected once the club (and possibly town) is in a much healthier place than it is now?

[KRBFC]

Another mouth to feed? I think a lot of us will be starving long before Jenkin’s relies on Burnley Football Club to top up his pot. While you are quite right to point out that he will look for a return… He has a record of philanthropic endeavour, so why should we presume such returns are only expected once the club (and possibly town) is in a much healthier place than it is now?

Could be a good thing, I have no idea on the details. He will be looking for return I'm sure, is he prepared to accept that return may never come?