ALK Capital or Farnell/Elkashashy takeover
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Re: ALK Capital or Farnell/Elkashashy takeover
Didn’t Watkins go for nearly £30m to Villa without kicking a ball in the Premier League ?
Bowen to West Ham
Adams to Southampton for £20m
Spence to spurs £15m
There are too many examples to mention. Probably easier to list those players without PL experience who cost less than £10m !
Bowen to West Ham
Adams to Southampton for £20m
Spence to spurs £15m
There are too many examples to mention. Probably easier to list those players without PL experience who cost less than £10m !
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Re: ALK Capital or Farnell/Elkashashy takeover
I would not say it was a "shell game" but there are a lot of people being dazzled by what is happening on the pitch who are not seeing what has and is going on off it.dsr wrote: ↑Tue Nov 29, 2022 3:03 pmI think "we're continuing to put up money to improve the squad" is disingenuous, to say the least. Perhaps he should have said "we're continuing to let the club spend £1 on transfers for every £9 we take out" would be more accurate.
I have yet to see anything to convince me that ALKs primary purpose is anything other than taking money out of the club.
Pace is obviously talking to publications like this because he is looking for new money/investment - you will find that historically Mike Smith has only talked to business/financial media in relation to our club as well - for now Stuart Hunt, Dave Checketts and Antonio Parra have kept stum, which for Checketts in particular is a pretty remarkable state of affairs
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Re: ALK Capital or Farnell/Elkashashy takeover
It makes a difference that we're going up. Unless we sell them in the Summer of 2023 they need to impress in their Prem or people will lose interest.
Lots of good examples above but I don't think there'll be anywhere near as many of good Championship players not performing once they get to the Prem and still going for those fees.
Lots of good examples above but I don't think there'll be anywhere near as many of good Championship players not performing once they get to the Prem and still going for those fees.
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Re: ALK Capital or Farnell/Elkashashy takeover
Top scorers have often had a decent fee, but not many actually make it as Prem footballers.
Of course, if Benson scores 20 goals for us he could rocket in value.
I presume all the other players you both mention had 'Premier league physique'?
Of course, if Benson scores 20 goals for us he could rocket in value.
I presume all the other players you both mention had 'Premier league physique'?
Re: ALK Capital or Farnell/Elkashashy takeover
A lot of people don't actually care what's going on off the pitchChester Perry wrote: ↑Tue Nov 29, 2022 3:44 pmI would not say it was a "shell game" but there are a lot of people being dazzled by what is happening on the pitch who are not seeing what has and is going on off it.
The only conversations I have with other fans, or hear in the pub before and after the game, and in the stands during the game is how well we are playing, how good player X is. Not once have I heard any discussion about how loans are structured, or if accounts have been filed on time or not
I realise its important stuff, but to a lot of fans it's something that's being dealt with, and most actually trust Alan Pace.
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Re: ALK Capital or Farnell/Elkashashy takeover
always fascinates me what twists in a thread sets it back up and running again - I would have though my posts from last week would have encouraged more debate than an almost aside within an article in an obscure Private Equity journal, but it goes to show how little I know?
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Re: ALK Capital or Farnell/Elkashashy takeover
I get that and have acknowledged much the same previously, though my take would be that for the most part they have hope in what they think Pace is trying to do rather than trust him at this point.Nori1958 wrote: ↑Tue Nov 29, 2022 4:00 pmA lot of people don't actually care what's going on off the pitch
The only conversations I have with other fans, or hear in the pub before and after the game, and in the stands during the game is how well we are playing, how good player X is. Not once have I heard any discussion about how loans are structured, or if accounts have been filed on time or not
I realise its important stuff, but to a lot of fans it's something that's being dealt with, and most actually trust Alan Pace.
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Re: ALK Capital or Farnell/Elkashashy takeover
My experience with my mates is that we have often talked about the clubs finances and the takeover.
I’d be amazed if there are many supporters who have not had a few conversations about the takeover and the amount of player sales.
It is possible to be happy about the position on the pitch and concerned or ask questions about the position off the pitch.
I’d be amazed if there are many supporters who have not had a few conversations about the takeover and the amount of player sales.
It is possible to be happy about the position on the pitch and concerned or ask questions about the position off the pitch.
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Re: ALK Capital or Farnell/Elkashashy takeover
I remember when Utd signed Smalling from Fulham for £10 million and he'd played about half a dozen games for themBig Vinny K wrote: ↑Tue Nov 29, 2022 3:41 pmDidn’t Watkins go for nearly £30m to Villa without kicking a ball in the Premier League ?
Bowen to West Ham
Adams to Southampton for £20m
Spence to spurs £15m
There are too many examples to mention. Probably easier to list those players without PL experience who cost less than £10m !
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Re: ALK Capital or Farnell/Elkashashy takeover
Oh indeed, as a number of us have borne witness too on this boardBig Vinny K wrote: ↑Tue Nov 29, 2022 4:09 pmIt is possible to be happy about the position on the pitch and concerned or ask questions about the position off the pitch.
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Re: ALK Capital or Farnell/Elkashashy takeover
What is interesting about all these Championship players to the Prem being quoted is that for the most part there was a time when many would have been in our 'crosshairs' as potential targets but never at the prices they went for - these are the examples what I was talking about previously when I said a number of our rivals blew our model out of the water - it is interesting just to work out how many have increased in value since they were sold at these prices
Re: ALK Capital or Farnell/Elkashashy takeover
At the time of the takeover, leading up to, and afterwards I would agree, but now, which is what we are talking about I just don't hear it.Big Vinny K wrote: ↑Tue Nov 29, 2022 4:09 pmMy experience with my mates is that we have often talked about the clubs finances and the takeover.
I’d be amazed if there are many supporters who have not had a few conversations about the takeover and the amount of player sales.
It is possible to be happy about the position on the pitch and concerned or ask questions about the position off the pitch.
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Re: ALK Capital or Farnell/Elkashashy takeover
We were still talking about it in the pub watching the England game against USA. It was a lot more interesting than the game !
I do have it on very reliable authority (as reliable as it could possibly get) that firstly our wage bill has been cut to a number in the 20 millions and that we definitely do have a buy out option for Beyer (they did not tell me the amount)
Re: ALK Capital or Farnell/Elkashashy takeover
Talking to the wife was more interesting than that gameBig Vinny K wrote: ↑Tue Nov 29, 2022 4:28 pmWe were still talking about it in the pub watching the England game against USA. It was a lot more interesting than the game !
I do have it on very reliable authority (as reliable as it could possibly get) that firstly our wage bill has been cut to a number in the 20 millions and that we definitely do have a buy out option for Beyer (they did not tell me the amount)
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Re: ALK Capital or Farnell/Elkashashy takeover
Some went backwards after failing to progress, Hogan was one, went to Villa for £10-12 million and just failed to developChester Perry wrote: ↑Tue Nov 29, 2022 4:18 pmWhat is interesting about all these Championship players to the Prem being quoted is that for the most part there was a time when many would have been in our 'crosshairs' as potential targets but never at the prices they went for - these are the examples what I was talking about previously when I said a number of our rivals blew our model out of the water - it is interesting just to work out how many have increased in value since they were sold at these prices
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Re: ALK Capital or Farnell/Elkashashy takeover
I take your point and it’s the way we must work now. Kompany himself has mentioned Brentford and Brighton as examples of clubs selling for big money and then bringing more potential into the club to sell further down the line.ClaretInLeeds wrote: ↑Tue Nov 29, 2022 3:23 pmDon’t forget - we now have more “saleable” assets in the form of younger players. Vitinho, Benson, Zaroury, Cullen and Brownhill will all command large fees if we were to ever sell them. I would hazard a guess at them bringing in more money than Pope and Cornet too.
However, Cullen and Vitinho aren’t that young and I haven’t seen anything in those two (particularly Vitinho) to suggest that we will sell them on for big money. Cullen is very tidy but is only a very good, 26 year old championship midfielder. If he was 21/22 it might have been a different story.
Zaroury, on the other hand, I could see going for crazy money if he keeps smashing it up this season.
Re: ALK Capital or Farnell/Elkashashy takeover
To be fair I didn’t comment on that as, like you said, we just don’t know what it’s suggesting, so I guess we’ll have to wait and see if anything comes out.Chester Perry wrote: ↑Tue Nov 29, 2022 4:00 pmalways fascinates me what twists in a thread sets it back up and running again - I would have though my posts from last week would have encouraged more debate than an almost aside within an article in an obscure Private Equity journal, but it goes to show how little I know?
Re: ALK Capital or Farnell/Elkashashy takeover
Vitinho is the same age as Zaroury (22).Jakubs Tash wrote: ↑Tue Nov 29, 2022 4:42 pmI take your point and it’s the way we must work now. Kompany himself has mentioned Brentford and Brighton as examples of clubs selling for big money and then bringing more potential into the club to sell further down the line.
However, Cullen and Vitinho aren’t that young and I haven’t seen anything in those two (particularly Vitinho) to suggest that we will sell them on for big money. Cullen is very tidy but is only a very good, 26 year old championship midfielder. If he was 21/22 it might have been a different story.
Zaroury, on the other hand, I could see going for crazy money if he keeps smashing it up this season.
Some fair points but there’s around 6 others than Zaroury who could have some fair resale value if they develop with us (likes of Twine/Churlinov/Benson/Egan Riley/Mcnally).
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Re: ALK Capital or Farnell/Elkashashy takeover
I thought Vitinho was 25/26 - my mistake if this isn't the case (although I still think he's not a very good example of someone who could be sold on for big money). I agree with some of the other names you mention that could be sold for bigger money though.
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Re: ALK Capital or Farnell/Elkashashy takeover
I’d add Muric to that group. Obviously needs to develop in a few areas - but has the attributes to become a top GK if he can build on his strengths.
Re: ALK Capital or Farnell/Elkashashy takeover
Ah he’s 23 my bad. Yeah I’ve not seen enough to suggest he has a high ceiling either. Though on his instagram recently he posted to say he will be targeting the next Brazil World Cup squad, so who knows!Jakubs Tash wrote: ↑Tue Nov 29, 2022 5:06 pmI thought Vitinho was 25/26 - my mistake if this isn't the case (although I still think he's not a very good example of someone who could be sold on for big money). I agree with some of the other names you mention that could be sold for bigger money though.
Re: ALK Capital or Farnell/Elkashashy takeover
Agreed. On the footballing side, they have done better than I could possibly have expected given that they have produced £160m in loans, player sales, and cash already in hand, and trousered £140m for themselves and spent £20m on a new squad. How many of us expected this standard of play given the money they have paid themselves?Paul Waine wrote: ↑Tue Nov 29, 2022 3:20 pmAnd, yet they've brought in Vincent Kompany as the club's manager and the team is, at this stage, top of the Championship playing exciting football.
UTC
Re: ALK Capital or Farnell/Elkashashy takeover
Exactly. On matchday I go to watch and enjoy the football, and the finances can go hang. Between matches is the time to worry (or perhaps not worry, since there's diddly squat we can do about it).Big Vinny K wrote: ↑Tue Nov 29, 2022 4:09 pmMy experience with my mates is that we have often talked about the clubs finances and the takeover.
I’d be amazed if there are many supporters who have not had a few conversations about the takeover and the amount of player sales.
It is possible to be happy about the position on the pitch and concerned or ask questions about the position off the pitch.
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Re: ALK Capital or Farnell/Elkashashy takeover
Pretty much my overall view about it. My view; there’s nothing we can do about it, hope Pace is decent guy and continues to try to do his best for Burnley Football Club and sort out the finances as soon as possible… its in everyone’s interest.
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Re: ALK Capital or Farnell/Elkashashy takeover
ALK Capital Ltd has been issued with a First Gazette Notice for a compulsory strike offChester Perry wrote: ↑Thu Nov 24, 2022 11:20 amSo, for the 2nd time this year Calder Vale Holdings Limited - the ALK vehicle that directly controls our club and which has received all those related company loans from the club - has been issued a First Gazette Notice for compulsory strike off * The accounts are almost 2 months overdue
https://find-and-update.company-informa ... ng-history
I expect ALK Capital Limited and Velocity Sports Partners Limited to follow very quickly as they have both Accounts and Confirmation Statements overdue
ALK Capital
https://find-and-update.company-informa ... y/12880549
Velocity
https://find-and-update.company-informa ... y/12880579
If nothing is filed in the next few weeks at Kettering Capital Limited it will surely follow the same course
https://find-and-update.company-informa ... y/12975630
all very sloppy management you have to say
https://find-and-update.company-informa ... ng-history
I expect the same for Velocity Sports Partners Limited later today or tomorrow
https://find-and-update.company-informa ... ng-history
While I do not condone this level of management - these two entities are likely dormant and it would not take long to either register them as such or shut them down completely
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Re: ALK Capital or Farnell/Elkashashy takeover
Meanwhile over at PlayerLens, the other much touted sports technology investment of ALK Capital LLC (they hold 25 ordinary shares out of a total allotment of 6744), Managing Director Josep Ramon Capdevila has left the board at the end of October
https://find-and-update.company-informa ... ng-history
though his Linkedin Profile mentions nothing of it
https://es.linkedin.com/in/jose-ramon-c ... ew-profile
https://find-and-update.company-informa ... ng-history
though his Linkedin Profile mentions nothing of it
https://es.linkedin.com/in/jose-ramon-c ... ew-profile
Re: ALK Capital or Farnell/Elkashashy takeover
I doubt they're dormant. Won't they have purchased the shares in the club in that period?Chester Perry wrote: ↑Wed Nov 30, 2022 10:58 amALK Capital Ltd has been issued with a First Gazette Notice for a compulsory strike off
https://find-and-update.company-informa ... ng-history
I expect the same for Velocity Sports Partners Limited later today or tomorrow
https://find-and-update.company-informa ... ng-history
While I do not condone this level of management - these two entities are likely dormant and it would not take long to either register them as such or shut them down completely
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Re: ALK Capital or Farnell/Elkashashy takeover
Not those two entities - they are entire separate from Velocity Sports Limited (Jersey) Kettering Capital Limited and Calder Valer Holdings Limited all of which were created a month later when it appeared ALK Capital LLC. and Velocity Sports Partners LLC had determined the final structure of what they wanted for the club's ownership
Shares in PlayerLens Limited and Project 23rd Century Ltd who own AiScout are owned by ALK Capital LLC
Re: ALK Capital or Farnell/Elkashashy takeover
It is only early days for some of our players currently and important to remember we are playing in the championship and not prem this season. When I look at the saleable assets and players that left last year I think we definitely had more value in the squad albeit spread over 4-5 players whereas we might have 6-8 that could be resellable for a profit now but I'd think the total would be less.ClaretInLeeds wrote: ↑Tue Nov 29, 2022 3:23 pmDon’t forget - we now have more “saleable” assets in the form of younger players. Vitinho, Benson, Zaroury, Cullen and Brownhill will all command large fees if we were to ever sell them. I would hazard a guess at them bringing in more money than Pope and Cornet too.
Looking at last season, Wood 20m plus, McNeil 20m, Cornet 15m, Collins 20m and Pope 10m (in reality Pope was worth 20m plus).
Currently Muric is worth no where near what Pope was. Out of the back 4 currently, 3 of the starters (I'm including Mattson) are loans so there is no value here. Taylor retains value from last season. Vitinho has increased in value but in reality he might be a 3-5m currently and Roberts retains his value from last season.Looking in the centre of the park Cullen dosnt look to be a player that will stand out to command a top fee, I could see him being around the 10m mark. Again Brownhill retains last season's value. Cork, no resale value and your likes of Bastien and Twine haven't featured enough to raise in value. Out wide Zaroury looks to be one that could command a 10-20m fee, but he needs to keep performing over this season, Benson the same but I think Zaroury looks to be a cut above. Again your likes of churlinov have not increased in value without featuring and your likes of Gudmundsson sadly have little resale value. Up top there is no value in either Barnes or Rodriguez and tella's a loan so again no value.
I was going to agree with you that we have "more saleable assets" but less value in the squad currently but after making that list I'm not sure we do have more saleable assets. If one or two out of Bellis, Beyer, Maatsen and Tella were permanent signings id probably agree but considering the likes of Brownhill and Taylor were around last season and could be considered as a saleable asset both then and now it's hard for me to agree that we are in a better position.
Re: ALK Capital or Farnell/Elkashashy takeover
Ah yes, I was getting mixed up between our companies with overdue accounts ...Chester Perry wrote: ↑Wed Nov 30, 2022 12:39 pmNot those two entities - they are entire separate from Velocity Sports Limited (Jersey) Kettering Capital Limited and Calder Valer Holdings Limited all of which were created a month later when it appeared ALK Capital LLC. and Velocity Sports Partners LLC had determined the final structure of what they wanted for the club's ownership
Shares in PlayerLens Limited and Project 23rd Century Ltd who own AiScout are owned by ALK Capital LLC
On a related note, in its usual manner I see Companies House has multiple Alan Paces:
https://find-and-update.company-informa ... pointments
https://find-and-update.company-informa ... pointments
https://find-and-update.company-informa ... pointments
(I'm assuming the last is the same, be quite a coincidence otherwise)
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Re: ALK Capital or Farnell/Elkashashy takeover
Yes, the bottom one is him as well, the address is the family home in Connecticut that they still own, though it appears to be rented out now, which makes a lot of sense and further illustrates the commitment to living local to the clubaggi wrote: ↑Wed Nov 30, 2022 1:33 pmAh yes, I was getting mixed up between our companies with overdue accounts ...
On a related note, in its usual manner I see Companies House has multiple Alan Paces:
https://find-and-update.company-informa ... pointments
https://find-and-update.company-informa ... pointments
https://find-and-update.company-informa ... pointments
(I'm assuming the last is the same, be quite a coincidence otherwise)
That area of Connecticut is famous for its modernist domestic architecture such as Phillip Johnson's Glass House - https://sah-archipedia.org/essays/CT-01-ART02
The home of the Pace family is much more traditional, and some would say more comfortable though
Re: ALK Capital or Farnell/Elkashashy takeover
I can't say I'm a fan. I wonder whose shirt he has above his bed now.Chester Perry wrote: ↑Wed Nov 30, 2022 3:57 pmYes, the bottom one is him as well, the address is the family home in Connecticut that they still own, though it appears to be rented out now, which makes a lot of sense and further illustrates the commitment to living local to the club
That area of Connecticut is famous for its modernist domestic architecture such as Phillip Johnson's Glass House - https://sah-archipedia.org/essays/CT-01-ART02
The home of the Pace family is much more traditional, and some would say more comfortable though
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Re: ALK Capital or Farnell/Elkashashy takeover
Hi CP, how are you getting that in depth detail? Have you hired a pi to "pace" AP?Chester Perry wrote: ↑Wed Nov 30, 2022 3:57 pmYes, the bottom one is him as well, the address is the family home in Connecticut that they still own, though it appears to be rented out now, which makes a lot of sense and further illustrates the commitment to living local to the club
That area of Connecticut is famous for its modernist domestic architecture such as Phillip Johnson's Glass House - https://sah-archipedia.org/essays/CT-01-ART02
The home of the Pace family is much more traditional, and some would say more comfortable though
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Re: ALK Capital or Farnell/Elkashashy takeover
took a couple of minutes on the internet - it is actually quite straightforward with a name and address - I searched to see if it was a residence or an office, the sales history and the rental listing and de-listing (i,e, a tenant had been found) came up from that - over there, Zillow does more than Zoopla does here it will even give you the property taxes paid on a property each year. Aggi wasn't joking about the shirts on the wall in the house, they are there to be seenPaul Waine wrote: ↑Wed Nov 30, 2022 9:40 pmHi CP, how are you getting that in depth detail? Have you hired a pi to "pace" AP?
You can pull up all sorts of info with just a few bits of info in the USA. a lot more than in this country, most people do not realise just what can be learned from it all
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Re: ALK Capital or Farnell/Elkashashy takeover
CP, your snooping knows no bounds.
(But thanks for the info, made for interesting reading - love Alan’s wood panelled office )
(But thanks for the info, made for interesting reading - love Alan’s wood panelled office )
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Re: ALK Capital or Farnell/Elkashashy takeover
There is a careful line to be trod here - and I may have overstepped it to be honest - It is legitimate to establish if the three Alan Pace's listed on Companies House all born in June 1967 are the same person - but just how much of the other information should be shared this way - I thought some would take heart at the visible commitment to residing in East Lancs that renting his US Home signals, but feel guilty that people are now looking at it online.
I am not really taking solace in the fact that it is all so publicly available, and just wish he would keep the records at Companies House up to date and even get them to resolve the three different listings of his name - The fact that Calder Vale Holdings Limited are so late producing their accounts is really encouraging the idea that Pace and Co have something they are trying to hide and/or that the auditors are refusing to sign them off - neither is a good look.
Re: ALK Capital or Farnell/Elkashashy takeover
Obviously the law around this was changed a few years ago (arguably sensibly) to allow proxy addresses for directors (always entertaining when bailiffs turn up at our offices because that is the registered address for someone) but if you look back earlier (not just at Burnley) there are home addresses of many people still knocking around and obviously things like the Land Registry open access and historic estate agent listings now make it much easier to see whether they are still valid.Chester Perry wrote: ↑Wed Nov 30, 2022 11:18 pmThere is a careful line to be trod here - and I may have overstepped it to be honest - It is legitimate to establish if the three Alan Pace's listed on Companies House all born in June 1967 are the same person - but just how much of the other information should be shared this way - I thought some would take heart at the visible commitment to residing in East Lancs that renting his US Home signals, but feel guilty that people are now looking at it online.
I am not really taking solace in the fact that it is all so publicly available, and just wish he would keep the records at Companies House up to date and even get them to resolve the three different listings of his name - The fact that Calder Vale Holdings Limited are so late producing their accounts is really encouraging the idea that Pace and Co have something they are trying to hide and/or that the auditors are refusing to sign them off - neither is a good look.
Companies House are terrible for multiple listings for the same person, been the case for decades now.
Re: ALK Capital or Farnell/Elkashashy takeover
https://www.lancs.live/sport/football/f ... e-25646266
ALK saying it’s been an admin error which is being resolved
ALK saying it’s been an admin error which is being resolved
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Re: ALK Capital or Farnell/Elkashashy takeover
Where do I get my commission from?RVclaret wrote: ↑Thu Dec 01, 2022 12:11 pmhttps://www.lancs.live/sport/football/f ... e-25646266
ALK saying it’s been an admin error which is being resolved
Admin error for being almost 6 months late - I do not thinks so
Also, no mention of the much more serious issue at Calder Vale Holdings Limited in that report - this is the entity that holds direct control over the club and by my reckoning has borrowed £144.5m from the club. It two has a first gazette notice - the second time this year - the accounts are over 6 weeks late - that is most certainly not an admin error
Any journalist worth their salt should be pursuing that one as it would definitely end up in the national press
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Re: ALK Capital or Farnell/Elkashashy takeover
Which is the exact reply everyone would expect.RVclaret wrote: ↑Thu Dec 01, 2022 12:11 pmhttps://www.lancs.live/sport/football/f ... e-25646266
ALK saying it’s been an admin error which is being resolved
Another article Lancs Live have wrote from info on here, but well done for making it more formal and out there. A bit more pressure for them to sort themselves out.
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Re: ALK Capital or Farnell/Elkashashy takeover
CorrectionChester Perry wrote: ↑Thu Dec 01, 2022 12:41 pmWhere do I get my commission from?
Admin error for being almost 6 months late - I do not thinks so
Also, no mention of the much more serious issue at Calder Vale Holdings Limited in that report - this is the entity that holds direct control over the club and by my reckoning has borrowed £144.5m from the club. It two has a first gazette notice - the second time this year - the accounts are over 6 weeks late - that is most certainly not an admin error
Any journalist worth their salt should be pursuing that one as it would definitely end up in the national press
Calder Vale Holdings Limited accounts are 2 months overdue today
Kettering Capital Limited - who used almost £88m of the loans from the club to buy shares/input capital in itself to fund the takeover (at a cost over 8.5 times that ALK/VSL did on the same day) - is the one whose accounts are now in their 6th week of being overdue (36 days to be precise)
Re: ALK Capital or Farnell/Elkashashy takeover
Having, I suspect, experienced a lot more filing fun and games I wouldn't be so definitive in writing that off. It covers a lot of scope.Chester Perry wrote: ↑Thu Dec 01, 2022 12:41 pmWhere do I get my commission from?
Admin error for being almost 6 months late - I do not thinks so
Also, no mention of the much more serious issue at Calder Vale Holdings Limited in that report - this is the entity that holds direct control over the club and by my reckoning has borrowed £144.5m from the club. It two has a first gazette notice - the second time this year - the accounts are over 6 weeks late - that is most certainly not an admin error
Any journalist worth their salt should be pursuing that one as it would definitely end up in the national press
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Re: ALK Capital or Farnell/Elkashashy takeover
Your desire for some wrong doing is coming across as desperate. It is fine to wish to look into things and find something but fully understanding what you are looking into is a massive benefit.Chester Perry wrote: ↑Thu Dec 01, 2022 12:41 pmWhere do I get my commission from?
Admin error for being almost 6 months late - I do not thinks so
Also, no mention of the much more serious issue at Calder Vale Holdings Limited in that report - this is the entity that holds direct control over the club and by my reckoning has borrowed £144.5m from the club. It two has a first gazette notice - the second time this year - the accounts are over 6 weeks late - that is most certainly not an admin error
Any journalist worth their salt should be pursuing that one as it would definitely end up in the national press
Re: ALK Capital or Farnell/Elkashashy takeover
Crack on CP - I appreciate your efforts. No problem in digging, even if there's an occasional blind alley. I'm sure you would be the first to acknowlege that understanding is formed through discovery and exploration, rather than innate expertise. It is not you that I consider amongst the most negative and sniping posters on this board.
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Re: ALK Capital or Farnell/Elkashashy takeover
CP is desperate? Far from it.
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Re: ALK Capital or Farnell/Elkashashy takeover
the very last thing I want is any form of wrongdoing by the owners of our or any other football clubclaretonthecoast1882 wrote: ↑Thu Dec 01, 2022 1:56 pmYour desire for some wrong doing is coming across as desperate. It is fine to wish to look into things and find something but fully understanding what you are looking into is a massive benefit.
the points I have been raising/illustrating are that there is a very clear and persistent pattern emerging from the club's owners when it comes to their statutory obligations in filing documents at Companies House - even the clubs accounts were signed off and filed at the 11th hour on the last day possible.
The filings of ALK Capital Limited and Velocity Sports Partners Limited are not of much significance other than the behavioural trend - something I have clearly said up the thread
The late filings for Kettering Capital Limited and Calder Vale Holdings Limited are much more serious to observers with a keen interest in the club's affairs because of their inherent structural relationship and financial dependency with the club - though such actions appear to fall outside the jurisdiction of the FA and EFL, unlike the club's filings - some may find that last bit a coincidence, others less so.
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Re: ALK Capital or Farnell/Elkashashy takeover
It's worth pointing out that football club accounts can often be filed last minute - Blackburn's were, for instance. There's usually a good number of dotting the i's and crossing the t's to get to completion, as well as some often laborious going concern work. I think it's best to wait and see re the overdue accounts - often it can just be down to administrative issues, particularly involving somewhat complex group structures that also spread offshore.
Re: ALK Capital or Farnell/Elkashashy takeover
Premier League accounts have to be submitted to the PL by the end of the calendar year. I don't kow if the Championship has the same rules?Swizzlestick wrote: ↑Thu Dec 01, 2022 3:16 pmIt's worth pointing out that football club accounts can often be filed last minute - Blackburn's were, for instance. There's usually a good number of dotting the i's and crossing the t's to get to completion, as well as some often laborious going concern work. I think it's best to wait and see re the overdue accounts - often it can just be down to administrative issues, particularly involving somewhat complex group structures that also spread offshore.
But ALK Capital Ltd''s accounts are for the period to 30th September 2021 (ended 14 months ago) and were due to be filed on 16th June (6 months ago, near enough).
Bear in mind that in theory all the company's assets (ie. Burnley FC!) pass to the Crown if the company is wound up, we may find ourselves owned by King Charles as well as supported by him!!!
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Re: ALK Capital or Farnell/Elkashashy takeover
Filing accounts at the last minute is nothing unusual. Plenty of businesses do it.
I think MSD as a preferential creditor would mean we'd probably end up being owned by them (which would probably put a crimp in their lending money to football clubs business).dsr wrote: ↑Thu Dec 01, 2022 3:29 pmPremier League accounts have to be submitted to the PL by the end of the calendar year. I don't kow if the Championship has the same rules?
But ALK Capital Ltd''s accounts are for the period to 30th September 2021 (ended 14 months ago) and were due to be filed on 16th June (6 months ago, near enough).
Bear in mind that in theory all the company's assets (ie. Burnley FC!) pass to the Crown if the company is wound up, we may find ourselves owned by King Charles as well as supported by him!!!
Re: ALK Capital or Farnell/Elkashashy takeover
All sounds very sad.