Search found 166 matches

by Father Jack
Wed Jan 13, 2021 10:52 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

The article is awkward in this specific area - it says it has used £55m of Burnley's own cash reserves yet that doesn't add up (even using the lower parameters of the figures offer by the media for borrowings and up front stake) £102m initial payment less £10m upfront and approx £60m from MSD sugge...
by Father Jack
Wed Jan 13, 2021 10:22 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

Chester Perry wrote:
Wed Jan 13, 2021 10:08 pm
The point he is making is that we don't know - and he is right - it should also be stressed that at no point has Matt Slater said all Burnley's cash-holding has been used to buy shares
Matt Slater hasn’t. But his trusted ‘sources’ have?
by Father Jack
Sun Jan 10, 2021 12:30 pm
Forum: The Bee Hole End
Topic: Podcast recommendations
Replies: 19
Views: 521

Re: Podcast recommendations

Foulthrow wrote:
Sun Jan 10, 2021 12:07 pm
Quickly Kevin Will He Score.

90s football podcast.

One of the best things in my life.
Seconded. And with the benefit that any new listeners starting now have got 7 seasons of back catalogue to listen to.
by Father Jack
Sat Jan 09, 2021 11:55 am
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

Danieljwaterhouse wrote:
Sat Jan 09, 2021 11:37 am
You can’t use money in a business to buy that business.
Isn’t that standard practice for a leveraged takeover?
And nothing illegal about it?
by Father Jack
Sat Jan 09, 2021 10:56 am
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

Danieljwaterhouse wrote:
Sat Jan 09, 2021 10:24 am
He’s not able to, he’s likely got Radiohead on loop and searching conspiracy theories in the ‘deep’ web.

I stopped reading when he mentioned a totally illegal practice...

What’s the illegal practice Daniel?
And what’s your view of the takeover now in view of the alleged financing & debt?
by Father Jack
Sat Jan 09, 2021 8:01 am
Forum: The Bee Hole End
Topic: New players - what Dyche needs to know
Replies: 30
Views: 2414

Re: New players - what Dyche needs to know

Foreverly Claret wrote:
Fri Jan 08, 2021 2:00 pm
Where can I read more about this " loan " ? and how much cash did we have in the bank ?
Try the thread called ALK Takeover.
The last 3-4 pages.
by Father Jack
Sat Jan 09, 2021 7:37 am
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

claretandy wrote:
Sat Jan 09, 2021 5:25 am
Apart from the fact Pace has said that they are here for the long term, 20 years i think he said.
Actions and words can often differ.
And whilst it’s a reassuring message, ultimately as with so much of this ownership, the proof will be in the pudding.
by Father Jack
Fri Jan 08, 2021 10:59 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

Paul. If I read correctly your hypothesising a scenario that ALK will only fully own the club after 3 more years of prem football have been secured.
With the impact that a relegation would mean that the club gets handed back to Garlick & John B?
by Father Jack
Fri Jan 08, 2021 10:45 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

Tall Paul wrote:
Fri Jan 08, 2021 10:41 pm
Either way, to double the value of the club in 5 years will have meant a successful 5 years on the pitch.
Yes this is the good scenario & the one we’ve got to cross our fingers & hope for.
Win win for club & investor.
by Father Jack
Fri Jan 08, 2021 10:41 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

The ultimate doomsday
by Father Jack
Fri Jan 08, 2021 10:30 pm
Forum: The Bee Hole End
Topic: Football's Magic Money Tree
Replies: 6198
Views: 410723

Re: Football's Magic Money Tree

I must admit I had never thought it would be possible to borrow that much against the club - it's assets come nowhere near, though it seems they have stumped up some of the TV revenue and players as security too. The other thing I had not considered was using the cash reserves to fund a chunk of th...
by Father Jack
Fri Jan 08, 2021 10:08 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

I read it that ALK think they can debt finance the clubs existence in the Prem for long enough they think there will be an increase in the next cycle of TV money, thus increasing the value of the club to £300m despite its attached debt and lower cash on hand reserves. The numbers are fictional but i...
by Father Jack
Fri Jan 08, 2021 9:36 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

Saw this posted online - thought it was an interesting angle on things:
by Father Jack
Fri Jan 08, 2021 8:24 am
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

Grumps. There is some subtlety in the article:
Believes one source.
Another source said.
Three other sources said they’d heard the same rumours.

But no doubt people will read the article and tweets and jump to their own conclusions.
by Father Jack
Fri Jan 08, 2021 7:51 am
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

Questions for me which we won’t know the answer to: 1. How much powder have ALK got dry? IF the above is correct they are only in for £15m so far. 2. Where will the shortfall be covered IF the revenues cannot be grown to the levels both outlined above and afew posts higher up this thread by Chester ...
by Father Jack
Fri Jan 08, 2021 7:39 am
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

Again taken from the Athletic: £10m p/year interest doesn’t feel good, particularly if the article is correct and we’ve lost all of our cash reserves aswell in the payments to the former owners. Let’s hope they’ve got this speculation on the loan & level of funding from ALK wrong. Well placed source...
by Father Jack
Thu Jan 07, 2021 8:32 pm
Forum: The Bee Hole End
Topic: Loans - Arsenal
Replies: 20
Views: 1616

Re: Loans - Arsenal

Why do only big 6 clubs qualify for this loan with a favourable rate of interest?
Was the qualifying criteria the size of loss incurred from Covid?
by Father Jack
Wed Jan 06, 2021 7:10 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

Don’t know whether your post has been lost Chester because it’s on this thread and the take over has now been completed? But surprised nobody has taken you up on this - Your saying that our level of turnover growth required to pay for the additional costs (both those out of our control eg Covid reba...
by Father Jack
Sun Jan 03, 2021 10:07 am
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

From Jack Gaughan - Daily Mirror ref today’s interview: Pace quote that didn’t get in: “They (MSD Holdings) have no equity and no decision-making power. If you’re going to buy a house, would you not use a mortgage? It’s about choosing the right building society. It’s how we operate. It makes sense t...
by Father Jack
Sun Jan 03, 2021 9:01 am
Forum: The Bee Hole End
Topic: Pace interview
Replies: 316
Views: 13545

Re: Alan Pace Interview: Mail online

My own observations: Increasing our profile - nationally and overseas. It will be of great benefit to the club and town to be associated with positive news stories and creative marketing. I really like the idea of being the favourite underdog and have long felt that we haven’t got anywhere near the ...
by Father Jack
Sun Jan 03, 2021 8:46 am
Forum: The Bee Hole End
Topic: Pace interview
Replies: 316
Views: 13545

Re: Alan Pace Interview: Mail online

Easier to have a copy of the text on here to reflect on: Alan Pace is in the back of a car heading for meetings at Turf Moor, coming from his rented converted barn near Clitheroe. The vehicle, winding through rural Lancashire, jolts. So does he. 'To be super clear, this is not Moneyball,' says Pace....
by Father Jack
Sat Jan 02, 2021 4:48 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

This is much more than a line of credit, this is a loan secured against all the key assets at the club at what some may refer to as "payday" loan rates - I don't think that they are that but they will be more than 1.5 times typical commercial rates. It all means that the club cannot secure a loan f...
by Father Jack
Sat Jan 02, 2021 8:42 am
Forum: The Bee Hole End
Topic: Who will be the first signing under ALK
Replies: 123
Views: 11146

Re: Who will be the first signing under ALK

Lifted from the Athletic. Some interesting profiles on here. Also to say I didn’t realise Adrian Randall’s son was playing league football. Anymore from our 90’s era team coming through to add to Joel Randall and Harvey Barnes? Boulaye Dia Current club: Reims Position: Forward Possible cost: £12.5 m...
by Father Jack
Thu Dec 31, 2020 9:54 am
Forum: The Bee Hole End
Topic: Pace interview
Replies: 316
Views: 13545

Re: Pace interview

Let’s go back to being a local club for local people with local accents...
by Father Jack
Thu Dec 31, 2020 8:26 am
Forum: The Bee Hole End
Topic: Realistic ambitions under ALK
Replies: 102
Views: 4926

Re: Realistic ambitions under ALK

Enable Sean to improve the quality of our football by supporting the squad with greater depth and technical quality. Whilst still operating with a relatively small squad in comparative terms I’d like us to be the team of choice for young players who will get game time & a shop window knowing we won’...
by Father Jack
Wed Dec 30, 2020 11:12 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

No sports journalists reporting the news on Twitter either - normally the fastest route for breaking news. If icu81b4 hadn’t happened to be looking at the ALK website at 10:50 would we have even known? Doesn’t matter ultimately but feels like it would have more fan fair! Roll on the new era & the tr...
by Father Jack
Wed Dec 30, 2020 12:07 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

It is known as the "Owners and Directors Test" which basically explains that to you. Anyone directly involved at director level will need to pass the test, proof of funding will be required, including where from, which brings in the investors. The Premier League test is very robust. Anyone directly...
by Father Jack
Wed Dec 30, 2020 8:49 am
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

If Pace has passed the directors test, do ALK go through the owners test?
And as a company rather than an individual who & what is being tested?
Will ALK have had to declare where their money is coming from?
Or just to show proof of funding is in place?
by Father Jack
Tue Dec 29, 2020 10:29 pm
Forum: The Bee Hole End
Topic: Alk blank cheque
Replies: 30
Views: 2907

Re: Alk blank cheque

New left and right wingers with pace & trickery. Thereby having serious competition & backup for McNeil & Brady. And also allowing McNeil to plays as a 10 behind Wood.
by Father Jack
Tue Dec 29, 2020 4:04 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

When will the announcement be made on Wall Street? Thursday?
by Father Jack
Sun Dec 27, 2020 10:10 am
Forum: The Bee Hole End
Topic: ARTICLE: A first Burnley league game for referee Jones
Replies: 187
Views: 5979

Re: ARTICLE: A first Burnley league game for referee Jones

Why do Burnley always seem to get Jon Moss. My title for an interesting article from the Athletic today. It is usually 4pm on a Monday when the email arrives. Each week, the notification tends to come through at the same time, informing the referees which match they will be covering the next weekend...
by Father Jack
Sat Dec 19, 2020 6:09 pm
Forum: The Bee Hole End
Topic: The Mandalorian
Replies: 32
Views: 3272

Re: The Mandalorian

Great series. Obi wan up next and a lot to live up to.
I know they’ve announced some new films but I’m quite happy to enjoy the series in the meantime. A lot more scope for character development and crucially not just rehashing the same stories as too much of the recent films have done.
by Father Jack
Fri Dec 18, 2020 6:34 am
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

That is what Chris Borden’s article said: “But the Premier League are expected to give their blessing, having reviewed most of ALK’s application, and are currently awaiting a few final legal documents from ALK and Burnley.” If true it may be 90% approved and not unrealistic that it could move forwar...
by Father Jack
Wed Dec 16, 2020 11:42 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

The Egyptian bid rejected by the premier league ODT test.
Therefore paving the way for ALK to move forward with their offer?

No article has been definitive that Farnell & co are out of the running. Can we be sure?
by Father Jack
Tue Dec 15, 2020 11:32 pm
Forum: The Bee Hole End
Topic: French Football in crisis ....
Replies: 39
Views: 2399

Re: French Football in crisis ....

Image

Never knew we’d actually played against him.
At the time we’d had him trial I’d hoped he’d be the next riccardo fuller.
Wasn’t to be.
by Father Jack
Sun Dec 13, 2020 11:48 pm
Forum: The Bee Hole End
Topic: McNeil shouldn't have reacted to the foul
Replies: 47
Views: 2465

Re: McNeil shouldn't have reacted to the foul

Really pleased to see Dwight sticking up for himself.
Shows added maturity for me, not afraid to highlight to refs how he aggrieved he is to a bad foul.
by Father Jack
Wed Dec 09, 2020 10:07 pm
Forum: The Bee Hole End
Topic: Goodison Park
Replies: 20
Views: 1610

Re: Goodison Park

There was talk of requiring a negative Covid test, don't know if they are proceeding with that. Yes negative test result required from up to 36 hours before kick off. However they have mass testing including rapid tests still available in Liverpool so colleague is planning to be tested at 4pm and e...
by Father Jack
Tue Dec 08, 2020 10:42 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

GBP way back when - did you used to post as Robert Mugabe’s Spectacles?
Thanks
by Father Jack
Fri Dec 04, 2020 1:00 pm
Forum: The Bee Hole End
Topic: Morrisons Mandarin Segments in Light Syrup 312g
Replies: 71
Views: 995

Re: Morrisons Mandarin Segments in Light Syrup 312g

If someone was the buyer responsible for selling this product to Morrison’s and had access to the product specification containing the allowed parameters for whole & broken segments, volume of juice etc would that disqualify them from the competition?

Asking for a friend...
by Father Jack
Fri Nov 27, 2020 11:07 pm
Forum: The Bee Hole End
Topic: Wigan v Saints
Replies: 30
Views: 1068

Re: Wigan v Saints

Incredible game. And deserved to be watched and appreciated by a much bigger audience.
Intensity, passion and blood and sweat. No player took a backward step.
Two great careers ended tonight. Neither deserved to loose.
Classy guard of honour from Saints for Lockers at the end.
by Father Jack
Fri Nov 27, 2020 7:06 am
Forum: The Bee Hole End
Topic: Wigan v Saints
Replies: 30
Views: 1068

Re: Wigan v Saints

Saints to win if they can stay focussed on their game in-spite of the physicality that Wigan will bring. Also need Chris Kendall (ref) to be strong in applying the rules.
by Father Jack
Thu Nov 26, 2020 11:25 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

ClaretTony wrote:
Thu Nov 26, 2020 10:56 pm
Obviously things can still go wrong but I’ve been told tonight that it is just about done. If not, then at least another post towards the next page. :D
Does this mean ODT completed and passed by the Premier league.
Or deal agreed between the parties and then on to the ODT as the next step?
by Father Jack
Fri Nov 20, 2020 8:51 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

Tony that’s abit cryptic. Are you allowed to share your latest understanding of where things are?
by Father Jack
Fri Nov 20, 2020 7:56 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

Don’t understand why we would have signed anything binding with one party with another party clearly also in the race. Feels more a case of the Egyptian bid was further progressed so given the opportunity to pass the ODT, whilst the ALK bid may still be invited to do the same should the written offe...
by Father Jack
Mon Nov 16, 2020 11:17 pm
Forum: The Bee Hole End
Topic: Burnley lad success
Replies: 26
Views: 2912

Re: Burnley lad success

Incase there was any doubt he’s a claret. Maybe he’ll buy out ALK or the Egyptians in 5 years? - - - - TheHut.com unveiled as Burnley Football Club sponsors TheHut.com‘s logo will now be emblazoned on the shorts of Burnley Football Club players throughout the 2008/09 season, starting at Sheffield We...
by Father Jack
Thu Nov 12, 2020 10:54 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital or Farnell/Elkashashy takeover

:P Thanks for appreciating I/we can't divulge much. I'm not the only one trying to keep you abreast while maintaining a level of decorum regards the ongoing developments. I don't think anyone can ever be certain of anything in life but I am naturally a negative person and I am quite sure that concer...
by Father Jack
Fri Oct 30, 2020 12:20 am
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital...

Sean Dyche's future at the heart of Burnley takeover bids Both interested parties want Dyche to be retained, but his future could be complicated if chairman Mike Garlick remains at the club By James Ducker, NORTHERN FOOTBALL CORRESPONDENT and Jeremy Wilson, CHIEF SPORTS REPORTER 29 October 2020 • 10...
by Father Jack
Thu Oct 29, 2020 11:17 pm
Forum: The Bee Hole End
Topic: ALK Capital or Farnell/Elkashashy takeover
Replies: 7686
Views: 530913

Re: ALK Capital...

Daniel. You say it’s accurate because you understand that the sale and purchase agreement has been signed by Garlick and John B for the Eyptian bid?
by Father Jack
Sun Oct 25, 2020 11:57 pm
Forum: The Bee Hole End
Topic: Adeola Sunday
Replies: 15
Views: 476

Re: Adeola Sunday

Mo Johnson