Those first matches of this season showed exactly why we needed him (or an equivalent).Woodleyclaret wrote: ↑Wed Jan 20, 2021 8:10 pmFile under Drinky and Hart in the never needed waste of money category
Hes certainly no better than Kev Long who we already had
Search found 5809 matches
- Thu Jan 21, 2021 1:01 pm
- Forum: The Bee Hole End
- Topic: Norwich
- Replies: 35
- Views: 2321
Re: Norwich
- Thu Jan 21, 2021 10:42 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
https://www.dailymail.co.uk/sport/football/article-9169763/Fears-raised-Championship-clubs-firms-increasing-grip-rivals.html Hmm, I think he either doesn't understand how the loans work or wanted to sensationalise it. Security over the club's assets is quite a bit different to taking control of the...
- Wed Jan 20, 2021 8:37 pm
- Forum: The Bee Hole End
- Topic: Would you consider the FA Cup tie as having been televised?
- Replies: 27
- Views: 1438
Re: Would you consider the FA Cup tie as having been televised?
If Amazon counts as televised then so do they I'd say.
- Wed Jan 20, 2021 6:18 pm
- Forum: The Bee Hole End
- Topic: Richard Keogh
- Replies: 20
- Views: 2582
Re: Richard Keogh
They also first of all said he could stay if he took a pay cut.
- Wed Jan 20, 2021 2:04 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
I see stuff is starting to filter through on Companies House now. New Memorandums and Articles of Association (although that isn't online yet), it will be interesting to see what the changes will be. It could obviously remove the requirement for 4,000 shares to be a director which has been reference...
- Wed Jan 20, 2021 10:52 am
- Forum: The Bee Hole End
- Topic: Your advice to Alan Pace...
- Replies: 99
- Views: 3022
Re: Your advice to Alan Pace...
I also agree that the ground has become a big problem. Nothing fits, it’s all out of line and disjointed. We’ve spent millions titivating the CF and BL because we’ve had no medium to long term plan. Which is why I can see the new Board seriously looking at a relocation. It won’t be popular, I don’t...
- Tue Jan 19, 2021 3:34 pm
- Forum: The Bee Hole End
- Topic: League table with extrapolated positions, opponent difficulty, highest/lowest finish, etc
- Replies: 18
- Views: 2470
Re: League table with extrapolated positions, opponent difficulty, highest/lowest finish, etc
This is still going this season. In addition to the stuff in the first post I've also added PPG last 6 - PPG all matches which shows how current form compares to the season's form. Interesting to see that at the moment all of the bottom five are performing better than average. (Green is an upturn in...
- Tue Jan 19, 2021 3:28 pm
- Forum: The Bee Hole End
- Topic: Magic Numbers 2020/2021
- Replies: 10
- Views: 671
Re: Magic Numbers 2020/2021
Thanks again for doing this aggi, hum and Vince. The striking thing for me is that on the extrapolated points total whichever way you look at it, in theory as few as 30 points might be needed to stay up. Now, I totally understand that these extrapolations are just that i.e. theoretical based on pre...
- Tue Jan 19, 2021 12:44 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
What are your views on what he was “trying to do”, CP? What was he trying to achieve? ... Obviously I don't know what the plan was, I think most would agree that communication was generally poor. However, my thoughts are that they wanted to gradually develop whilst building up a relegation (or covi...
- Mon Jan 18, 2021 5:51 pm
- Forum: The Bee Hole End
- Topic: Stat of the day
- Replies: 34
- Views: 1223
Re: Stat of the day
That stat doesn't look correct to me. A quick look at the league table and even just picking this season all the teams have scored 9 goals after 17 games. I don't think it's as big an achievement as the OP thinks it is.
- Mon Jan 18, 2021 2:36 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
They also have some of the Softbank executives on board which I think includes the richest man in Japan.gandhisflipflop wrote: ↑Mon Jan 18, 2021 2:09 pmSo forgive my ignorance Chester, where did Beckham get his money from to get Inter Miami?
- Mon Jan 18, 2021 10:00 am
- Forum: The Bee Hole End
- Topic: BFC complain to Amazon re: Saturday’s commentary
- Replies: 28
- Views: 2566
Re: BFC complain to Amazon re: Saturday’s commentary
I think it's starting to become clear which journalist to follow for Burnley news.
- Sun Jan 17, 2021 12:27 pm
- Forum: The Bee Hole End
- Topic: Players laughing and joking at full time
- Replies: 79
- Views: 4048
Re: Players laughing and joking at full time
Jesus Wept.... File alongside Tyrone Mears not smiling on a team photo Robbie Brady not looking visibly upset when he got injured Chris Wood not being good because he's now got a gut In the absolutely unimportant, nonsensical, class. Can't believe you've missed Andre Gray not clapping enough.
- Sat Jan 16, 2021 1:31 pm
- Forum: The Bee Hole End
- Topic: Whisky Investment
- Replies: 9
- Views: 821
Re: Whisky Investment
Bear in mind that there are lots of additional costs as well as the original purchase. Storage costs, bottling, significant taxes and duty when it's bottled, etc
- Sat Jan 16, 2021 1:30 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
Thanks, CP. Good to be able to take a look at the links. I've run my calc on the MDS loan notes - on the assumption that the £80 million MSD have loaned to Southampton at 9.14% is linked to the two loan notes MSD issued on TISE (Guernsey). Assuming there is a link between the transactions, (and as ...
- Fri Jan 15, 2021 8:26 pm
- Forum: The Bee Hole End
- Topic: Burnley Utility XI
- Replies: 37
- Views: 1285
Re: Burnley Utility XI
You can probably date fans by their answers to this. My first instinct was Farrell, Branch and Monnington to be in there.
- Fri Jan 15, 2021 5:06 pm
- Forum: The Bee Hole End
- Topic: Quiz: London landmarks
- Replies: 14
- Views: 658
Re: Quiz: London landmarks
10, although a couple I got wrong were places I'd been to so should have done a bit better.
- Thu Jan 14, 2021 11:59 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
But surely the performance element is the responsibility of ALK now. If ALK fail, MG and JB will probably be worse off than if they did not sell at all. If the shares revert to them, they will be saddled with a debt-ridden Club, probably a championship club, with the 50million they had painstakingl...
- Thu Jan 14, 2021 12:14 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
- Wed Jan 13, 2021 7:29 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
Hi boatshed, thanks for asking the question. One or two others have asked the same. I don't find it "impolite." ... I remain... Exciting times UTC I think Pace being an experienced football man is somewhat over-egged. In a long career he's spent 18 months over a dozen years ago at a nascent MLS tea...
- Wed Jan 13, 2021 2:54 pm
- Forum: The Bee Hole End
- Topic: Football's Magic Money Tree
- Replies: 6125
- Views: 409171
Re: Football's Magic Money Tree
Everton also announced a partnership with a club today - a bit different, but still not a bad idea - Sligo Rovers https://www.evertonfc.com/news/1971159/everton-announce-sligo-rovers-partnership I wonder if this is a workaround on the work permit rules? Different rules apply to Ireland but I don't ...
- Wed Jan 13, 2021 12:38 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
I see that Southampton’s loan with MSD Holdings is ~ £80m with interest at 9.14% giving an annual interest charge of £7.2 million. Probably gives a flavour of what we may be looking at if the reported figures are correct.
- Wed Jan 13, 2021 12:36 pm
- Forum: The Bee Hole End
- Topic: Referee; Kevin Friend
- Replies: 46
- Views: 2207
Re: Referee; Kevin Friend
I think he got 2 big decisions wrong. I think in the current game it's a red card for Luke Shaw. I wasn't sure that VAR could go back to look at Yellow card offences. If Maguire's goal, was switched around, and it was Tarkowski attacking the ball like that and scoring that goal, I would be raging t...
- Wed Jan 13, 2021 11:34 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
Until they provide evidence and name sources then yes it is. I don’t get what you don’t understand about that. Dande actually sums it up very well in one of his earlier posts about the risks and opportunities but the focus on here is all about the money aspect which as yet is guesswork. This is fur...
- Wed Jan 13, 2021 11:32 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
Hi dsr, I imagine that the accounts for the accounting period to 30-June-2020 (or was it extended to 31-Jul-2020) will have been audited and signed by the old board well before any sale and purchase agreement was entered into for the transfer of 84% of the shares. I don't think the signing of the a...
- Wed Jan 13, 2021 11:27 am
- Forum: The Bee Hole End
- Topic: Perspective.....
- Replies: 34
- Views: 1527
Re: Perspective.....
We've to get to about? 37 points by May and even for SD that's going to be almost miracle proportions from where we are now. Yes, we're playing pretty well, especially defensively, but the front 2 look extremely flat and that's an issue in itself because we really don't get many goals from elsewher...
- Tue Jan 12, 2021 5:15 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
For those who've been mentioning Leicester as a good example of owners it's worth noting that they just borrowed money against next season's Premier League income
- Tue Jan 12, 2021 5:13 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
There's lot of theories about how much debt is the right amount of debt for a business. None is pretty rare as an answer.claretandy wrote: ↑Tue Jan 12, 2021 4:34 pmAn interesting point Slater made is paying interest payments isn't such a bad thing as it can be used to reduce your tax on profits.
- Tue Jan 12, 2021 4:34 pm
- Forum: The Bee Hole End
- Topic: Ai Scout App
- Replies: 59
- Views: 2750
Re: Ai Scout App
Thanks aggi. There are obviously some elements that might benefit us here. What I don’t understand though, is how this might benefit us financially, if at all. We may benefit as users but is the link between us and ALK and ALK with AI Scout, any part of the wider plan in respect of BFC or are we si...
- Tue Jan 12, 2021 4:28 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
But it appears anyone with decent contacts in finance could’ve done what they have done, used the clubs income to pay for their own shares. Piling all the risk on the club as they go. Your question was whether they had enough capital to buy a football club and the fact that they've bought a footbal...
- Tue Jan 12, 2021 3:42 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
Except for the small matter that we could no longer attend company meetings and vote! I agree though that it wouldn't have made any difference to this takeover. That wasn't to do with the restructuring though, that was due to an updated Companies Act which changed the rules on whether an AGM was re...
- Tue Jan 12, 2021 3:22 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
I've said before (and was widely derided for it) that any rights we had as shareholders were stripped away in the 2013 restructuring, although it would have made a great deal of difference anyway. I don't think it was anything to do with the restructuring, there was no real change in shareholders r...
- Tue Jan 12, 2021 2:51 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
- Tue Jan 12, 2021 2:50 pm
- Forum: The Bee Hole End
- Topic: Ai Scout App
- Replies: 59
- Views: 2750
Re: Ai Scout App
Any ideas on what these might be? I’m struggling to think of areas, outside of player recruitment, that could generate the significant sums of money that we may need to make investment worthwhile. I’m sure I’m missing any number of things but outside of the above, I’m struggling to see what sort of...
- Tue Jan 12, 2021 2:33 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
Do ALK even have the capital to buy a football club? I’d suggest not given the club is now effectively buying ourselves new owners at the cost of £150M plus the interest on top. So ALK have acquired 84% of the shares but who are ALK? surely it’s not just Pace and the other two people mentioned? bec...
- Tue Jan 12, 2021 1:14 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
Matt Slater is on for about twenty minutes here (from about 5 minutes in). https://podcasts.apple.com/gb/podcast/tifo-football-podcast/id1227699368?i=1000505041030 It doesn't give much over what has already been written but fleshes it out a little and he appears very sure of his sources. Personally ...
- Mon Jan 11, 2021 6:00 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
Of course they want to make a profit, but to do that they need to increase the value of their asset, which won't happen if we're relegated. Hi aggi, yes, interesting. I'd argue that everyone, yes, everyone that buys and owns a football club does it to make a profit. I'd also argue that every fan wa...
- Mon Jan 11, 2021 5:15 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
I think the mistake that many are making, in part prompted by some of the posters on this board, is that American private equity buys a football club for any reason other than to make a profit. I said somewhere way back when that Burnley FC and American private equity make strange bedfellows but I t...
- Mon Jan 11, 2021 12:42 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: Take over
Yes (taking into account contract length and amortisation).claretandy wrote: ↑Mon Jan 11, 2021 12:10 pmDo you think Tarky and pope are valued in the accounts the same as what we payed for them ? of course they aren't.
- Mon Jan 11, 2021 8:53 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
- Sun Jan 10, 2021 10:36 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: Take over
Don’t think anyone is doubting the loan, but the figures are inaccurate among other things. Isn’t the writer the bloke from the Farnell camp who told us the Egyptian deal was all but done? I’m not an expert on these matters, I don’t think I’ve even reached novice level, but got assurances from peop...
- Sun Jan 10, 2021 9:37 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: Take over
I’m assuming he means The Athletic. I’d agree with arise_sir_charge not to get worried by anonymous quotes. For what it’s worth I’ve spoken to a couple of independent people on this and both have said the report isn’t true and there is nothing to worry about. Which elements are not true? Some parts...
- Sun Jan 10, 2021 4:23 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
It's a rule inasmuch it's in the Articles of the company. They'd have to be amended to change it.claretandy wrote: ↑Sun Jan 10, 2021 8:31 amThe 4000 share rule isn't a rule as such, it was a self-imposed minimum you had to buy to get a seat on the board, it could be changed to any number.
- Sat Jan 09, 2021 1:20 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
The ultimate doomsday Not that realistic. There's a reason MSD have charges over the assets and that's to stop that kind of scenario. Any firesale would not benefit ALK. More generally, MSD haven't made that loan expecting to lose the money. They've seen the plans in detail and think there's a pret...
- Fri Jan 08, 2021 1:59 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
Anyone more in the know have a clue about the structure of this loan etc etc or what Alan Pace was actually alluding to when he said we’d be amazed at how they’ve done it ....? BenWickes? DJW? CT? Chester Perry? To name the ones I’m aware of sorry if I missed anyone or if you guys don’t want to div...
- Fri Jan 08, 2021 1:48 pm
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
It pockets the board a lot more money. If that reserve was £1 the club would have sold for a lot less. If you're selling a business you want it to look a lot more healthy and profitable Not many people will buy a business struggling or losing money. That's a very simplistic layman's view. On that b...
- Fri Jan 08, 2021 11:39 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
it is an odd one - I wonder if ALK have secured other assets too - they are certainly making use of their Mormon network to get such high leverage on our club, you get the feeling that they have bet the ranch They do, I missed it when I skimmed through but the security is much more wide ranging. It...
- Fri Jan 08, 2021 11:29 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132
Re: ALK Capital or Farnell/Elkashashy takeover
A further thought. I can't see the loan security being worth anywhere near £80m (the ground and the training ground mainly). That suggests to me either a compelling business plan to service the loan or a smaller loan.
EDIT - the security is more wide ranging than this.
EDIT - the security is more wide ranging than this.
- Fri Jan 08, 2021 10:39 am
- Forum: The Bee Hole End
- Topic: SD press conference at 4pm
- Replies: 114
- Views: 6283
Re: SD press conference at 4pm
Not sure vaccinations would help. As I understand it, a vaccine doesn't stop you getting Covid, or stop you transmitting it. It just stops you getting ill from it. Better that vulnerable get vaccines than super fit athletes. They're still looking at exactly how it works. I think the current thinkin...
- Fri Jan 08, 2021 10:36 am
- Forum: The Bee Hole End
- Topic: ALK Capital or Farnell/Elkashashy takeover
- Replies: 7667
- Views: 527132