JJ and Kealia Watt invest in Burnley FC

[Vegas Claret]

Man who previously claimed he supported Chelsea invests as seemingly "something to do" as he's bored. Great, let's position ourselves as a plaything for millionaires. Not for me, thanks.

Absolutely clueless take on it, staggering lack of understanding on display

[Cleveleys_claret]

Man who previously claimed he supported Chelsea invests as seemingly "something to do" as he's bored. Great, let's position ourselves as a plaything for millionaires. Not for me, thanks.

Indeed

We are a local club for local people

We won't have any of that round here

[randomclaret2]

Man who previously claimed he supported Chelsea invests as seemingly "something to do" as he's bored. Great, let's position ourselves as a plaything for millionaires. Not for me, thanks.

[Big Vinny K]

Hmm

CVHL have had to borrow money from the club to pay for its shareholding in it - they would have greatly preferred a straight payment for the shares but that would be illegal

yes it is paper at the end of the day but one that carries impact if VSL were to sell up

and I fully acknowledge your years of actual qualification and experience over my seriously amateur status

It’s not to do with my experience - I’m just wondering what you expect the club to do ?
As you well know as you have followed this closer than pretty much all of us (which I applaud) but they said they would look for further investors. We know that Pace himself does not have the wealth.
So if we are not going to have one very big benefactor / sugar daddy like Brighton etc who are prepared to sink hundreds of millions into their clubs then surely the way to do it is seek a number of pretty wealthy investors.

Now even if these investors expect a return which I am pretty sure ours all do it’s more about spreading risk and the timing of any return.

I too wish we had someone who was happy to lose money investing in our club - but let’s be honest we found out that Garlick (and the other directors) was not that man and neither are the current owners.

At the same time that does not mean they are at the club to ruin us financially or milk us either.

[CrosspoolClarets]

Way too much accountancy talk on this thread which loses sight of the big picture as a result - like I said on page 1 the investment is certain to be fairly immaterial in the context of the rest of the club finances.

The big story is what this brings in a non financial sense, former US international women’s team player investing in Burnley with her husband and his massive profile (in more ways than one

[aggi]

Aggi, the shareholders of BFC are Calder Vale, then Kettering above them, then Velocity Jersey then Velocity Sports Partnership US in conjunction with ALK Capital as managing partner. If money flows into Velocity Sports Partnership US it becomes money available to BFC. BFC doesn't need to issue new shares to anyone to access new investment at the parent entity level.

If money flows into Velocity Sports Partnership US it potentially becomes money available to BFC.

Given the obfuscated ownership structure it's easy for statements like "invested in Burnley" to be very unclear.

[Milltown1882]

Way too much accountancy talk on this thread which loses sight of the big picture as a result - like I said on page 1 the investment is certain to be fairly immaterial in the context of the rest of the club finances.

The big story is what this brings in a non financial sense, former US international women’s team player investing in Burnley with her husband and his massive profile (in more ways than one

Extremely positive news for the club and it just gets turned into an anti ownership borefest like every other thread where there’s the slightest mention of finances or investment in the club.

[Vegas Claret]

Way too much accountancy talk on this thread which loses sight of the big picture as a result - like I said on page 1 the investment is certain to be fairly immaterial in the context of the rest of the club finances.

this - do us all a favour and take the rest to the magic money thread

[aggi]

Way too much accountancy talk on this thread which loses sight of the big picture as a result - like I said on page 1 the investment is certain to be fairly immaterial in the context of the rest of the club finances.

The big story is what this brings in a non financial sense, former US international women’s team player investing in Burnley with her husband and his massive profile (in more ways than one

Indeed, unless he's been very brave/foolhardy and invested most of his wealth (which seems unlikely) then his investment probably isn't that significant in the scheme of things (maybe a Lyle Foster's worth).

His profile does seem significant though and it's all about how that gets converted to revenue (Wrexham are the obvious ones to look at here).

Obviously this kind of raised profile may become much more important if we hit a point where TV or streaming revenue is by club rather than collectively.

[Chester Perry]

this - do us all a favour and take the rest to the magic money thread

seriously, have you seen what you have done there

[Paul Waine]

Hmm

CVHL have had to borrow money from the club to pay for its shareholding in it - they would have greatly preferred a straight payment for the shares but that would be illegal

yes it is paper at the end of the day but one that carries impact if VSL were to sell up

and I fully acknowledge your years of actual qualification and experience over my seriously amateur status

Steady, CP. It doesn't make any sense for any investor to anything illegal when they acquire shares.

You might want to ask the mods to remove anything that includes unwarranted allegations.

[Paul Waine]

If money flows into Velocity Sports Partnership US it potentially becomes money available to BFC.

Given the obfuscated ownership structure it's easy for statements like "invested in Burnley" to be very unclear.

Surely you can see that money invested in VSP US provides the means for ALK/VSP to repay the money borrowed from the club. Swapping money owed for cash in the bank is the way new investments will flow.

[Vegas Claret]

THIS is why today is huge, this video is on an account with 10.3 million followers
https://twitter.com/AdamSchefter/status ... 79809?s=20

[Vegas Claret]

seriously, have you seen what you have done there

opps yeah, I meant the ALK thread !

[Chester Perry]

It’s not to do with my experience - I’m just wondering what you expect the club to do ?
As you well know as you have followed this closer than pretty much all of us (which I applaud) but they said they would look for further investors. We know that Pace himself does not have the wealth.
So if we are not going to have one very big benefactor / sugar daddy like Brighton etc who are prepared to sink hundreds of millions into their clubs then surely the way to do it is seek a number of pretty wealthy investors.

Now even if these investors expect a return which I am pretty sure ours all do it’s more about spreading risk and the timing of any return.

I too wish we had someone who was happy to lose money investing in our club - but let’s be honest we found out that Garlick (and the other directors) was not that man and neither are the current owners.

At the same time that does not mean they are at the club to ruin us financially or milk us either.

It is interesting the variety of assumptions of what it is that I would like that are projected onto me

for the record I am not a fan of anyone chucking money at a club because they are prepared to lose it, I have been critical of that approach from both Kilby and Flood.

[Hedontplayforyou]

THIS is why today is huge, this video is on an account with 10.3 million followers
https://twitter.com/AdamSchefter/status ... 79809?s=20

Many many outlets retweeting it and reporting it, one for example being ESPN Mexico , which has over a million followers alone

[clive40golf]

As a matter of interest how tall is this chap? He looks a massive unit!

[Chester Perry]

Steady, CP. It doesn't make any sense for any investor to anything illegal when they acquire shares.

You might want to ask the mods to remove anything that includes unwarranted allegations.

I have not said they have done anything illegal in the purchase of the shares, I do not believe they have, I point I have made clear a number of times - I was suggesting that they would have preferred it to have been legal to use club funds directly to purchase shares rather than having to borrow the money from the club in a related company loan.

though you regularly suggest that it is their money anyway as majority owners

[NewClaret]

As a matter of interest how tall is this chap? He looks a massive unit!

He’s an American Footballer. Have you ever seen a small one?

[Big Vinny K]

It is interesting the variety of assumptions of what it is that I would like that are projected onto me

for the record I am not a fan of anyone chucking money at a club because they are prepared to lose it, I have been critical of that approach from both Kilby and Flood.

Flood was not in any way “prepared to lose it”

Flood and Kilby were very different investors in our club.
Kilby was I think investing in the club with a view that he might not get back his money but he was a real fan….plus the amounts of money we are talking back then was relatively speaking not big amounts (did Kilby invest more of his own money into the club than Alan Pace did ?)

I wasn’t saying that was necessarily your view either - I was making the point that if you don’t have a Tony Bloom type owner then there is a good chance these days that if you have been in the premier league or have aspirations of being in the EPL that for the amounts of money now involved that you will have an ownership structure not too dissimilar to ours. People who invest or buy a club who have a strategy for getting a return on their investment by making the club successful on and off the pitch. It’s what Garlick did but in a different way. He seems to get more of a free pass with some fans because people thought he was local but if Alan Pace and his fellow investors make as much money out of Burnley FC as Garlick did they will be very happy people !

[Vegas Claret]

As a matter of interest how tall is this chap? He looks a massive unit!

6ft 5 and weighs roughly 20 stone.

[Big Vinny K]

6ft 5 and weighs roughly 20 stone.

Is that the start of a new chant ?

6ft 5
Weights 20 stone
JJ Watt
Has repaid our loan


I thank you !!!

[Chester Perry]

He’s an American Footballer. Have you ever seen a small one?

this guy is not that big at 5'5" a 6th round draft pick for the Dallas Cowboys last week but tipped to go far

https://www.nfl.com/news/cowboys-rb-deu ... father-s-c

[Chester Perry]

Many many outlets retweeting it and reporting it, one for example being ESPN Mexico , which has over a million followers alone

interesting numbers - the JJ Watt tweet has had 1.7m views the one from the club 290.5k views and 800 new followers since it was posted

[randomclaret2]

Alan Pace has tweeted a picture of himself with JJ Watt...talk about Little & Large

[ClaretAndJew]

I have Pace down at about 5'4

[quoonbeatz]

I'd never heard of this geezer until earlier in the year when the rumours of him investing were flying around. Since then I've mentioned him to my US work crew and they all know he's a big deal in NFL world. He'll be brilliant for the profile of the club, not for putting stacks of cash in though. Seems a decent fella as well so it's all good.

[tarkys_ears]

...waiting for the documentary series now!

We can be MUCH bigger than Wrexham!!

[Hedontplayforyou]

JJ Watt has a brother who has stepped it up in the NFL and is going to earn some big bucks this time around .

[depechedingle]

in Burnley, good news is still bad news in some people's eyes.

[roperclaret]

Hate the whole Wrexham thing. I respect the club and its long history. Their fans were still going before Hollywood rocked up in town but hate the media circus.

I quite like it

[Chester Perry]

in Burnley, good news is still bad news in some people's eyes.

I recall a post of someone being not overly impressed - but none of outright negativity re the news

[depechedingle]

I recall a post of someone being not overly impressed - but none of outright negativity re the news

I'm not saying outright negativity, just some people like to be miserable.

6 days ago

WE WON THE LEAGUE AT EWOOD PARK.

[Chester Perry]

I'm not saying outright negativity, just some people like to be miserable.

6 days ago

WE WON THE LEAGUE AT EWOOD PARK.

Tuesday was a night for the ages and one to regale for decades to come. Doesn't stop the discussion from being a reasonable one

[Iloveyoubrady]

I’m not 100% sure what to think of our American sportsperson investors.
It seems a valid strategy if ALK are willing to buy any shares back off them fairly quickly in a sort of football club “stock market” as it should attract attention for the club as well as the potential for a group of them to invest money into the club. Overall it improves our net worth and hopefully results in more funding. Hope they don’t lose interest though.

I suppose they are setting up a sort of consortium of many wealthy individuals. They may see it just as “a bit of fun” - but that may be no bad thing as maybe they want to feel apart of a club which could be on the up and may all contribute money without too much regard for a return on their investment - they don’t all strike me as hard nosed businessmen.

I actually don’t have a clue - what a load of waffle. We’ll find out in the future…

[Chester Perry]

I quite like it

It is confirmation that football even at that level is now at least as much about entertainment (in the traditional sense of writing, theatre tv and film) as it is about sport.

[Chester Perry]

I’m not 100% sure what to think of our American sportsperson investors.
It seems a valid strategy if ALK are willing to buy any shares back off them fairly quickly in a sort of football club “stock market” as it should attract attention for the club as well as the potential for a group of them to invest money into the club. Overall it improves our net worth and hopefully results in more funding. Hope they don’t lose interest though.

I suppose they are setting up a sort of consortium of many wealthy individuals. They may see it just as “a bit of fun” - but that may be no bad thing as maybe they want to feel apart of a club which could be on the up and may all contribute money without too much regard for a return on their investment - they don’t all strike me as hard nosed businessmen.

I actually don’t have a clue - what a load of waffle. We’ll find out in the future…

Everything I have seen from JJ Watt since he came over for the Wigan game is that he is very serious about wanting to be involved in club/franchise ownership as a minor investor - I have no doubt that he and his wife will have positive impact on the brand building and commercial side locally, nationally and internationally especially in the US

[Turfytop]

JJ Watt set to appear on the tonight show on Wednesday with jimmy fallon, fallon has 50 million Twitter followers alone, we are bound to get some sort of mention

[Chester Perry]

JJ Watt set to appear on the tonight show on Wednesday with jimmy fallon, fallon has 50 million Twitter followers alone, we are bound to get some sort of mention

Now that is something that makes the timing of this news more understandable

[dsr]

Nothing wrong with questioning things or even the odd bit of cynicism CP but when they have already been quoted as saying they have invested in Burnley FC then it’s pretty safe to say the money is going into the club !

No it isn't, unfortunately. It's possible that they have bought shares directly from the club, but more likely that they have bought from ALK or some other part of the ownership structure, and the best we can hope for is for some of the loan to be repaid.

When an investor says "I have invested in ICI", it usually means they have bought from another shareholder. ICI gets no direct benefit.

[Nonayforever]

No it isn't, unfortunately. It's possible that they have bought shares directly from the club, but more likely that they have bought from ALK or some other part of the ownership structure, and the best we can hope for is for some of the loan to be repaid.

When an investor says "I have invested in ICI", it usually means they have bought from another shareholder. ICI gets no direct benefit.

Don't think this is the case. And it's what CP is alluding to.
No one can directly buy shares because they have to be offered to existing shareholders first.

[Chester Perry]

.. the best we can hope for is for some of the loan to be repaid.

and a part repayment of the loan is not adding investment funds into the club, it is giving the club it's money back ,probably without interest (certainly none has ever been declared). So, in real terms, it will be at a significantly less actual value to the club than it was when loaned out when inflation is factored into the mix

[Big Vinny K]

No it isn't, unfortunately. It's possible that they have bought shares directly from the club, but more likely that they have bought from ALK or some other part of the ownership structure, and the best we can hope for is for some of the loan to be repaid.

When an investor says "I have invested in ICI", it usually means they have bought from another shareholder. ICI gets no direct benefit.

Bit of a difference really between your 2 examples !
As I have said it’s new money coming into the club from outside the existing shareholders / owners and can’t see how that’s a bad thing whatever the money is used for. I never expected the money to be used to buy a new midfielder - but it’s what Pace set out to do in attracting new investors to the club and part of the wider business model they said at the outset. There’s a wider strategy developing around building the brand of the club - and this could also be around attracting more investment in addition to building the appeal of the club, social media followers etc

[aggi]

JJ Watt set to appear on the tonight show on Wednesday with jimmy fallon, fallon has 50 million Twitter followers alone, we are bound to get some sort of mention

I'll be disappointed if he's not wearing his Burnley baseball cap.

[aggi]

Surely you can see that money invested in VSP US provides the means for ALK/VSP to repay the money borrowed from the club. Swapping money owed for cash in the bank is the way new investments will flow.

It does give that option. It doesn't mean it is definitely going to happen though.

[Big Vinny K]

and a part repayment of the loan is not adding investment funds into the club, it is giving the club it's money back ,probably without interest (certainly none has ever been declared). So, in real terms, it will be at a significantly less actual value to the club than it was when loaned out when inflation is factored into the mix

And I think that’s what people refer to when they say you tend to put a negative spin on things CP !!

“Giving the club its money back”……the structure of the sale was agreed by the previous owners.
If the loan is repaid by JJ Watt’s investment as could be the case do you believe that this is better than it being repaid from our revenue streams ?
Nobody is going to change the structure of the original sale of the club now……that ship has sailed.

[roperclaret]

It is confirmation that football even at that level is now at least as much about entertainment (in the traditional sense of writing, theatre tv and film) as it is about sport.

Sport has always been about entertainment. If it wasn’t I wouldn’t watch it.

[Volvoclaret]

Got it wrong Roper. CP says sport is all about business plans, balance sheets and deep financial planning. He seems to prefer share movements to Benson specials.

[NewClaret]

Got it wrong Roper. CP says sport is all about business plans, balance sheets and deep financial planning. He seems to prefer share movements to Benson specials.

We had a strengthening balance sheet for years under Garlick. Now we have a strengthening team. I know which I prefer.

[CoolClaret]

Need an NBA player, a K-Pop & a J-Pop star on board then we'll be good to go

Burnley Chammy League winners 2030/31