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aggi

I'd much prefer a more local investment if possible. Maybe a company that once sponsored part of our kit a few years back? Assuming you're referring to the Hut I can't see it. The company isn't going to be making a purchase like that so soon after floatation and for the owner the majority of his as...

aggi

In the accounts for 2018 Mike Garlick was declared as having 60,308 shares. The share capital was given as 122,478 shares of £1 each. Does that mean that he's being offered roughly 180 million at 3000 per share? Presumably that means the other shares are only worth 1 pound each still. That £1 is pr...

aggi

As I understand it only Mike G and John B have enough shares to be awkward. Everyone else has too few to demand a board meeting or even to have items inserted on the agenda for a scheduled board meeting. Nor does anyone else have enough shares to force an AGM. There's ~ 16% spread between the Nelso...

aggi

For quoted companies, once an acquirer achieves a controlling interest, they are obliged to offer to buy all remaining shares on the same terms. I think similar rules apply to private companies but I’m not 100% sure. I think 90% is the magic number there (for both public and private) and it can wor...

aggi

Please can someone explain this: What happens to the other shareholders? Do they get bought out too? I'd imagine they'd probably try and buy out the major shareholders for a couple of reasons. Minority shareholders can still disrupt things through exercising the various rights they have. Not genera...

aggi

The directors of the company called Longside Properties today are: Clive Holt Mike Garlick Barry Kilby John Banaszkiewicz Brian Nelson Terry Crabb Brendan Flood Matt Williams The most recent addition was that of Matt Williams (Company Secretary) in July 2016. Yes, that's just the same as the parent...

aggi

https://find-and-update.company-information.service.gov.uk/company/08335231 I was surprised to discover on the Companies House website that Longside Properties Limited is still an active and independent company https://find-and-update.company-information.service.gov.uk/company/05202619 the plot thi...

aggi

It was only owned by Longside Properties until 2009 at which point Barry Kilby and John Sullivan sold the ground on to Lionbridge, an offshore registered company. In his own words Barry said he was "uncomfortable being landlord and tenant". I thought the Turf and Gawthorpe then returned to it's rig...

aggi

Ric_C wrote: ↑
Wed Nov 04, 2020 2:12 pm
Which makes our extremely frugal no show in the transfer market even more baffling

Not really, we'll be in a strong position due to that frugality.

aggi

Just be careful for Capital Gains Tax... https://www.ftadviser.com/investments/2020/08/12/advisers-warned-of-tax-implications-of-working-from-home/ Not sure how many people have ever got caught by this but its something that has always been talked about where I work. Generally you fall afoul of tha...

aggi

In all seriousness how many new owners of football clubs have “asset stripped” then left? The only ones I can actually think of is the Oystons and they were already the owners when they got the Premier League bounty. You could possibly argue this is what's happening at Hull (admittedly apart from t...

aggi

Your forums views on this has generally been about selling players to match and profit above the £200m, but whats your ground worth without players, to a developer? Not much. There's a covenant that it's got to be used for sports or football or similar and there have been plenty of similar sized pl...

aggi

If you've had to work at home during this tax year (i.e. office was closed) you can claim up to £6 a week in tax relief to cover heating, etc (works out at up to £130 a year depending on tax rate) and the current guidance is that if you don't know how long you'll be working from home they will apply...

aggi

If there wasn't a danger of relegation then, under most valuation models, you'd expect the club to sell for quite a bit more than £200m. Good levels of profit, revenue, assets, etc Obviously there is a risk of relegation and that's where the "unknown" in the valuation is. How likely is it the club w...

aggi

Apparently AD was told he had to sell Sam Vokes so we could break even, and the offer was too good to refuse, so bringing crouch in on a free made sure we wouldn't get caught short. He was a 6 month insurance policy. People keep thinking Mr Dyche wants all these ageing limited players, make no mist...

aggi

I agree Covid will have had an impact from March, however in previous seasons we have Started the season with only 2 forwards on the books. Decided to risk the 2nd half of one season with 2 central midfielders, 1 getting injured straight after the window closed. We decided not to purchase a 3rd/bac...

aggi

What about them? Close to £200 million in debt, the ground and training facilities are a separate entity to the club, but both are 'owned' by a parent company. Bloom is one of those rich fans, billionaire, who lends the club whatever it needs but hasn't as yet written it off, bit like Eddie Davies ...

aggi

Has this been given up on now? Watching the highlights of the Spurs match yesterday there were a couple of penalty claims that were clearly dives but nothing was done about it and I can't remember when I last saw a booking for diving.

aggi

Yes, that’s the best way to make money. PCC have done it successfully for years. I used to dread them taking over our good suppliers, which they did frequently. I don't know who PCC are but it sounds like they're taking over competitors and running them down. Taking over a successful business and a...

aggi

Where have I said it's a hoax? In a nutshell I've said 1, the NHS, and Public Health England have made what will turn out to be decisions that will, tragically, cost lives. 2, lockdowns dont work, they simply delay the inevitable and trash the economy that wont be there to pick up the bill for it. ...

aggi

I know little about the Egyptian guy, only of what I read on line from an article back in 2014. The antics of the lawyer who was only doing his job have little concern to me. What does concern me though is ALK Capital who I believe or an investment company. ALK sound dodgy with the main players bei...

aggi

No, he's not. He's on a fixed term contract which doesn't make him part of the salaried staff. He's paid a sum of money for the term of his contract. The fact that might be split over a number of payments doesn't mean he's on a salary. As others have said, your definition of employee doesn't really...

aggi

These complaints clearly centre around the time Corbyn was labour leader. The only thing that seems “strange” is in trying to deny it. It is right and good that Labour are now beginning to properly address this problem and I applaud Keir Starmer for the stance he has taken. Feel free to expand upon...

aggi

Jeremy Corbyn was the leader of the Labour Party at the time. These complaints of anti-semitism have coincided almost perfectly with his tenure as leader. I get these insinuations that I'm only doing this for partisan political reasons but I've praised Sir Keir Starmer's handling of the affair sinc...

aggi

I think the difference here is Dyche isn't an employee (salaried). He's essentially a contractor so giving equality in the business to a contractor would be an odd thing to do. I've also heard of employees being given equity which matures after a certain milestone (years of service, retirement, etc...

aggi

People who support Boris unflinchingly could be classed as zealots in a similar way. However, that would be off topic. If you want to start a thread about that feel free but this is the thread where we discuss anti-sémitismes in Jeremy Corbyn’s Labour Party and the continuing fallout from it. Your ...

aggi

I'd assume Matt Williams to be the person who would deal with it (the Company Secretary).
Email is m.williams@burnleyfc.com

aggi

To quote Rowls, feel free to post instances of islamaphobia in the Conservative Party on the "islamaphobia in the Conservative party" thread. Otherwise you could be accused of defending anti-semitism in the Labour Party, by trying to divert the conversation My post was somewhat flippant. Although I...

aggi

Damo wrote: ↑
Thu Oct 29, 2020 1:37 pm
Bump

Cheers, I'd entirely forgotten that Rowls had evaded answering that post.

aggi

My £200 share is on the list. That is good. They messed around with the shares. Didn't they make them 'non-voting'. Pretty worthless, if so. However, I bought mine to stand a chance of securing an away ticket, in those exciting times of 2 Cup runs and a promotion! I got the value from there. I am a...

aggi

... 1) It is very normal for a lawyer to be the director of a company if that lawyer has set up the company. Staunch Partners registered office address is Farnell's office in Hale - so, very likely that CF set up the company. (I've not checked Companies House - but easy to do). ... Agreed that it's...

aggi

Paul Waine wrote: ↑
Thu Oct 29, 2020 11:23 am
Interesting. Some of us would have thought the club was losing money because Mike Garlick told us all in April that covid-19 would cost the club £50m.

I think that was could cost £50m rather than would. It was a worst case scenario with no matches at all.

aggi

Official list of shareholders is published in Companies House filing at regular intervals. You can check you are on the list and number of shares. Good luck. I extracted them into Excel a few years back to make them easier to search. I don't think there have been big changes since then. https://doc...

aggi

TheFamilyCat wrote: ↑
Thu Oct 29, 2020 7:32 am
Possible cheaper soy sauce.

It's taken four years for the first tangible benefit of Brexit and boy, was it worth waiting for.

I'll be pouring soy sauce on my fry up instead of HP from now on.

Probably wise. HP is made in the EU.

aggi

joey13 wrote: ↑
Wed Oct 28, 2020 9:52 pm
I get it you think Garlick and the Board can do no wrong

No, I'm just able to see reality.

Explain the timeline to me. At the point when the current owners bought in we were a loss making championship club. What indicators were there at that point that we were going to have the success we have?

aggi

I presume to sell the assets I said this earlier on the thread Buying Burnley to asset strip isn't really worth it. The club is operating perfectly well at the moment, whoever buys it won't be picking it up for a bargain price. Our training ground and stadium aren't worth much because they don't re...

aggi

Have a think about it , it’s not that difficult Because they are Burnley fans who wanted to invest in the club. If people really think that they are good enough businessmen to have planned taking over a loss-making championship club, getting it promoted to the premier league and selling it for £200...

aggi

Grumps wrote: ↑
Wed Oct 28, 2020 4:17 pm
Several places at the time. I didn't copy them as I didn't realise that someone on a messageboard would perhaps think I was telling porkies.

Well with no context it's difficult to judge what you're referring to.

aggi

The Department for International Trade are trying pretty hard: https://pbs.twimg.com/media/ElXWLwTXYAUE_7a?format=jpg&name=900x900 What's missing from the small print there is that they don't mean cheaper than it is at the moment, they mean cheaper than if we left the EU and then dealt with Japan on...

aggi

joey13 wrote: ↑
Wed Oct 28, 2020 4:18 pm
Because they are only interested in what’s best for themselves

Why did they invest in the club in the first place if that was the case?

aggi

Grumps wrote: ↑
Wed Oct 28, 2020 4:03 pm
You need to spread your reading.

That's a bit vague. It'd be easier if you pointed out specifically where that's been said.

aggi

Grumps wrote: ↑
Wed Oct 28, 2020 3:37 pm
That the right person can still get the job

That it wasn't all white racists who were against Elliott which is what some would have liked

Has anyone said that it was all white racists who were against Elliott? I've not seen that anywhere other than in your post.

aggi

Grumps wrote: ↑
Wed Oct 28, 2020 1:03 pm
One of those against the appointment of Elliott was black and female, and in a leadership role

I'm not sure what your point is?

aggi

"The Newcastle United owner Mike Ashley has urged for the price to be cut to £4.95 per match but, according to sources in the meeting, the clubs were told that would mean very little profit." Why do they have to make a profit? Well in the past clubs were making anything up to and beyond £1m in a ho...

aggi

It will be interesting to see viewing figure comparisons with the next price change. By my basic calculations and using rounding for ease; 1 Customer pays £15. 1 Customer pays £10 1 Customer pays £5 Let's work on the basis of 5000 paying fans £15 package = £75k £10 package = £50k £5 package = £25k ...

aggi

Who has been turned down for one of these leadership roles because of the failure to accept diversity? Generally this is a pretty reductionist question. Targets such as these, rightly or wrongly, are intended to address systemic issues, get more people viewing it as a viable option and applying. Th...

aggi

RingoMcCartney wrote: ↑
Tue Oct 27, 2020 6:57 pm
Choosing to exclude an individual potential applicant for a job , because of the ethnic group they are part of isn't "oppression", it's the very definition of racist discrimination.

It's a good job that isn't what's being proposed then.

aggi

as I stated earlier the FA board said they did try to get the the Diversity Codes creator Paul Elliot appointed to their board but were blocked by the FA Council - Greg Clarke (who has since been shown to have a questionable grasp on the truth re Project Big Picture) put the blame squarely at the d...

aggi

But there must be middle road your going from getting a job based on your suitability to getting one based on your ethnicity or gender that just cant be right for employer or employee. Well you'd hope so but a quick look at things like the FA board makes you wonder whether the old system was workin...

aggi

claret3561 wrote: ↑
Tue Oct 27, 2020 4:47 pm
The worlds gone mad, whatever happened to the best person for the job irrespective of race, creed or colour.

If that had been happening then this probably wouldn't have been implemented.

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