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Paul Waine

That's my point, it doesn't make sense for him to invest a large sum of money into the club in the circumstances many are describing on here. Therefore I don't believe he has. I think it's exactly as he says, he want to learn the business side of the Sports Industry. The question is whether he woul...

Paul Waine

Interesting to hear him suggest this is basically a role he's doing to gain experience in running a football club. I wonder if that's the big indicator of what his real reason is for getting so involved in English football. Doesn't he say in the video that his long term plan is to own an English fo...

Paul Waine

We've discussed "material uncertainty" with respect to Burnley's latest set of accounts. We've also seen that Blackburn Rovers accounts includes a "material uncertainty" statement from their auditors. The same "material uncertainty" is mentioned by the Guardian article reviewing Everton's latest acc...

Paul Waine

Is administration this season a possibility or will the Premier let it drag on before refusing 777 ownership so the points deduction is next season ? Martin Samuel, The Times, 10th April 2024 Convenient punishments keep Everton above water A cynic would say the independent commission had a quick lo...

Paul Waine

https://www.youtube.com/watch?v=uG6XIp9F7HI ^JJ on the overlap - a good watch, though some of the questions he gets asked are a bit daft/doesn't give him chance to properly respond... Definitely got the impression that he has more pull/influence at the club than some on here seemed to think. Great ...

Paul Waine

Are we sleepwalking to oblivion? Always doubted Paces motives and things are not looking good. Kieran Maguire says Burnley will have to take action to avoid future financial breaches after their 22-23 accounts revealed that their debt has grown to £81million after a £27m loss. Only two years of par...

Paul Waine

ClaretTony wrote: ↑
Wed Apr 10, 2024 4:21 pm
Been made redundant at The Times - must admit to being stunned at this news

That is a bit of a surprise. He's got a full page column in today's print edition.

Paul Waine

The original point was: is there any evidence and I pointed to it. We don't know the ins and outs of the finances to the extent that we know whether the material uncertainty has been dealt with...! I doubt it very much it has and the intention to sell still exists. There is also a note to the accou...

Paul Waine

I know you don't understand any of this but at least accept that when auditors write on legal document that the club is planning to sell - the club is planning to sell. Just this bit, Pete. You are misreading BDO's "material uncertainty" note that they've included in their audit report. The most im...

Paul Waine

Just think, 19 home games with £20 million income per game, £380 million per season... but, still not much more than half the revenue of City.

What does the away team get for playing in USA? I'd assume that would also need to be £20 million per game. (Remember, "£20 [million] is plenty").

UTC

Paul Waine

I don't think we are on the same page here. You don't think the high number of goals we have conceded at the end of both halves has been been a recurrent problem of lack of discipline . I wish it was the odd worldy we were talking about and suspect maybe you haven't played sport much. Apologies if ...

Paul Waine

Of course. Your post read as if it was downplaying the material uncertainty note by saying accounts were still prepared on a going concern basis whereas we both know that accounts being based on a break up basis is pretty catastrophic. Maybe that wasn't your intention but that's how it read to me. ...

Paul Waine

Rick_Muller wrote: ↑
Mon Apr 08, 2024 2:06 pm
Curious they waited till after our game against them, and it looks like they took Luton’s result into consideration too

Reported last week that Everton had asked that the latest sanction wouldn't be announced until after all their game at w/end.

Forest did the same earlier.

Paul Waine

aggi wrote: ↑
Mon Apr 08, 2024 11:39 am
Accounts not being prepared on a break up basis is, I would say, the absolute minimum you would expect.

I'm sure you will understand that if BDO didn't think going concern was correct they would have qualified their audit opinion.

Paul Waine

One of the features of the club's notion of buying to sell (under ALK/VSL) is that there have been very few actual sales of note the most profitable being Collins and Cornet and they didn't produce the reported cost of Beyer before amortisation. When you look at the money the club has lost on Wegho...

Paul Waine

[quote=ClaretPete001 post_id=2314314 time=1712566599 user_id=7375 Hence the auditors notes to the accounts to the effect that they have a concern that player sales will not generate much cash and if they don't the club cannot be considered a going concern. [/quote] Hi Pete, don't you think the new f...

Paul Waine

tbf the club have managed to meet all the demands placed upon them, which is some going when you look at the detail of outflow. That said last summers chase for money: factoring a portion of 3 years Premier League revenues and replacing a £39.7m loan with a £70m one (that has more onerous terms tha...

Paul Waine

I've worked it out, the deal is with Gareth Southgate: once James Trafford has played 75% of Burnley's Premier League games Southgate is obliged to pick him for England squad. Of course, the more important contract clause is the one that says how many games Trafford needs to play before he gets Engl...

Paul Waine

Just a fallacious argument Paul. You could equally argue on the same basis that top teams concede goals so what's the issue except top teams don't concede 67 of them. I understand games are won and lost on the number of goals scored by the two teams in a game. I don't think anyone is arguing about ...

Paul Waine

Top teams never ever make mistakes that lead to goals being given away, or do they?

Paul Waine

Bosscat wrote: ↑
Sun Apr 07, 2024 4:38 pm
Imagine the meltdown on here if we conceded like that on here ... Fernandes equalises

Anyone feeling better about Burnley's two goalkeepers, now?

Paul Waine

Oh well. We go again next game.

UTC

Paul Waine

Vincent Kompany 38th birthday on Wednesday.

Come on Burnley, let's give Vincent an early birthday present.

Paul Waine

Vitinho on, Fofana off.

Paul Waine

Muric saves with his legs, R5 live say he's made up for his earlier mistake.

Come on you Clarets.

Paul Waine

123EasyasBFC wrote: ↑
Sat Apr 06, 2024 4:00 pm
People on here have been dying for Burnley goalkeeper mistake, it’s laughable

Perhaps we can all agree on my modification of your statement.

Come on, let's get behind the team, including the goalkeeper, whoever is wearing the shirt.

UTC

Paul Waine

Trafford v Muric thread is going to be interesting later.

Come on you Clarets.

Paul Waine

Hi Paul, You've been very deliberate with your wording in these posts but I think you do understand what is being asked. It may be correct to say that no payment has been made to the directors, but I believe the general sentiment is that they have taken money out of the club and they will benefit f...

Paul Waine

I’ve read your posts but I find your answers are a little ambiguous. Are you saying that there is absolutely no way that Pace and co can’t personally gain from the management fees paid to the affiliate company? I find this hard to believe but will happily defer to people with more knowledge. Could ...

Paul Waine

Thanks to Mods for merging these 2 threads on the club's accounts. The most interesting thing about the accounts for the accounting period ending 31st July 2023 is that they were signed off by both Alan Pace - and no director would sign off the accounts until they have been approved by the board of ...

Paul Waine

ClaretPete001 wrote: ↑
Thu Apr 04, 2024 9:27 pm
What would the balance sheet look like without that £124 million inter company debt...!

In what way, Pete? That Calder Vale had repaid the debt, or that BFCHL had cancelled the debt, or that Calder Vale had never borrowed the £124 million in the first place?

Paul Waine

But it seems to me you’ve insinuated that Pace and co haven’t taken any remuneration, unless I’ve misunderstood your position? It would seem to me highly likely to me that the management fee was paid to a company of which Pace and co are directors that have or will pay Pace and co by way of dividen...

Paul Waine

randomclaret2 wrote: ↑
Thu Apr 04, 2024 9:15 pm
We might be paying JJ Watt ?

Just saying there is no information on what the management fee was paid for or which affiliate it was paid to.

Paul Waine

But you claimed that none of the directors received any remuneration and no shareholders have taken money out of the club. So, which is it? I didn't claim, I quoted the accounts that state it. I also said a management fee paid to an affiliate doesn't indicate that Alan Pace and other directors were...

Paul Waine

Is it not possible that the £2.5m management fee was paid to another company of which Alan Pace and co are directors? It's not only possible, it's certain. The accounts say it was paid to an affiliate. But, just because Alan Pace is a director of the company providing management services doesn't me...

Paul Waine

there appears to be a lot of matchday and event staff in those figures - it hides all the full time numbers on the administration and commercial activities previously we would not have have mentioned the matchday event numbers the football side has grown marginally, and is now a handful above the y...

Paul Waine

Who do you think BFC paid a £2.5m management fee to? I’m not suggesting that the directors shouldn’t be paid for the work that they do, but I don’t think you’re naive enough to claim that the accounts clearly state the directors haven’t been remunerated. Note 6: The Company had no employees, other ...

Paul Waine

So are you saying directors/shareholders are sucking out funds, or 'improvements'/operating costs of the admin side? Hi Ian, I don't think anyone has answered your question. The latest set of accounts very clearly state that none of the directors received any remuneration for their services. Equall...

Paul Waine

Didn't the new owners have 3 transfer windows before we got relegated? The club was in decent shape, how the club is now (good or bad) is down to the new owners. Bought club 30th December 2020. Transfer window, January 2021, starts 2 days later. Did we sign anyone in that window, I can't remember. ...

Paul Waine

doesn't help that Matt Slater reports the clubs loan is still with MSD, when he himself reported that ended in his accounts review for 2021/22 last May of course they loans have been refinanced 3 times since then and we have no current knowledge as to the MGG agreement - hopefully the release of th...

Paul Waine

I think you have misunderstood the rule there is a 3 year period assessment 2022/23, 2021/22 and 2020/21 the latter two seasons giving you T1 and T2 respectively - due to covid rue relaxations the figures for 2020/21 are actually an average of 2019/20 and 2020/21 I've read the relevant sections of ...

Paul Waine

As I have said before (on both the takeover and MMT threads) that only applies if you are carrying losses over the previous two years - which we were not I've just been back and looked at the 2021/22 accounts - on the SwissRamble link. I've also looked at the 2022/23 accounts and re-called it menti...

Paul Waine

As I have said before (on both the takeover and MMT threads) that only applies if you are carrying losses over the previous two years - which we were not Chester Perry wrote: ↑Wed Jan 10, 2024 6:24 pm For those who believe that all clubs have deposited their 2022/23 accounts with the Premier League...

Paul Waine

This may already have been posted but this is a brief overview of Burnley's finances for the 2021-22 year by Swiss Ramble. You have to subscribe for their full assessment. https://swissramble.substack.com/p/burnley-finances-202122?utm_source=profile&utm_medium=reader2 I would be very interested to ...

Paul Waine

FT 1-1

Paul Waine

BBC NEW Posted at 21:3621:36 Post update Burnley 1-1 Wolves A frustrating few minutes for Boubacar Traoré as he's caught offside during another promising Wolves attack. The fourth official shows up nine added minutes . Burnley will be keen to regain some of the pressure they were putting on earlier....

Paul Waine

Phil Bird says offside ???

Paul Waine

superdimitri wrote: ↑
Tue Apr 02, 2024 9:31 pm
Why do we get the tough game?

We are Burnley from the North.

Paul Waine

Foster off - Benson on

Paul Waine

dandeclaret wrote: ↑
Tue Apr 02, 2024 8:52 pm
Apparently they’ve already contacted Gifton Noel-Williams, and he’s going to head over tomorrow and take a few penalties…. Said he’ll have that bit of metal down in no time. That’s what you call efficient.

I don't understand why they didn't get Muric to knock it into shape at half time.

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