Brendan Flood speaks about Sean, Burnley FC and value for money in the PL

Chester Perry · Post by **Chester Perry** » Thu Oct 12, 2017 11:25 pm

and shows off about his mates Neville and Giggs

http://www.dailymail.co.uk/sport/footba ... ccess.html" onclick="window.open(this.href);return false;

jedi_master · Post by **jedi_master** » Thu Oct 12, 2017 11:35 pm

I had absolutely no idea that Brendan Flood was our 'co-owner'.

I thought since the Modis fiasco and us being unable to make the payments on Chris Eagles he had sloped into the background.

What cannot be missed, his bravado and soundbites (I remember him saying he would be buying a diamond ring for his wife on every big signing we made etc), and the appointment of Coyle which we are told he was crucial in did all give us the start of the momentum which lead us to where we are.

tim_noone · Post by **tim_noone** » Thu Oct 12, 2017 11:36 pm

He'd be first to leave a sinking ship.imo

Sidney1st · Post by **Sidney1st** » Thu Oct 12, 2017 11:39 pm

Really good read that was.

Interesting comment at the bottom about not paying more than £15 million for a player unless they're exceptional.

elwaclaret · Post by **elwaclaret** » Fri Oct 13, 2017 12:05 am

Brendon Flood dong what Brendan Flood does. I've heard from several people who know first hand that he is very good at talking himself up, pretty much backed up by every interview of his I've read. Still he's part of the team that has got the club going again so I'm not complaining.

ClaretTony · Post by **ClaretTony** » Fri Oct 13, 2017 12:29 am

jedi_master wrote:I had absolutely no idea that Brendan Flood was our 'co-owner'.

I thought since the Modis fiasco and us being unable to make the payments on Chris Eagles he had sloped into the background.

What cannot be missed, his bravado and soundbites (I remember him saying he would be buying a diamond ring for his wife on every big signing we made etc), and the appointment of Coyle which we are told he was crucial in did all give us the start of the momentum which lead us to where we are.

I'm not sure where co-owner comes from - this is how it stands right now:

Mr Mike Garlick: 49.24%
Mr John Banaszkiewicz: 28.2%
The other five Directors hold, between them, a total of 16.36%

I was also talking to a member of staff a couple of weeks ago who said they rarely see him now.

brigante · Post by **brigante** » Fri Oct 13, 2017 12:55 am

"We're always looking for a return from any player investment, typically three times the cost."

I find his decision to have that in the public domain fairly...surprising.

elwaclaret · Post by **elwaclaret** » Fri Oct 13, 2017 1:04 am

brigante wrote:"We're always looking for a return from any player investment, typically three times the cost."

I find his decision to have that in the public domain fairly...surprising.

I don't (I think) he has form for letting things slip out in full flow without fully thinking through the possible repercussions and fully understanding the possible ramifications.

bobinho · Post by **bobinho** » Fri Oct 13, 2017 6:08 am

Never been convinced this fella was an asset to the club. Dunno why, I have no cold hard facts to back that up, but to me, there's summat not quite "right" about him.

It's just a nagging doubt, with no real substance to it, but him not being around our club would have me sleeping better.

kaptin1 · Post by **kaptin1** » Fri Oct 13, 2017 6:40 am

ClaretTony wrote:I'm not sure where co-owner comes from - this is how it stands right now:

Mr Mike Garlick: 49.24%
Mr John Banaszkiewicz: 28.2%
The other five Directors hold, between them, a total of 16.36%

I was also talking to a member of staff a couple of weeks ago who said they rarely see him now.

Article refers to him being co-owner in 2011, which presumably he was back then.

“It is January 2011 and Burnley's co-owner and director Flood ...”

Steve-Harpers-perm · Post by **Steve-Harpers-perm** » Fri Oct 13, 2017 6:53 am

bobinho wrote:Never been convinced this fella was an asset to the club. Dunno why, I have no cold hard facts to back that up, but to me, there's summat not quite "right" about him.

It's just a nagging doubt, with no real substance to it, but him not being around our club would have me sleeping better.

Yeh fed up of these succrsssful local businessmen who happen to be Clarets putting their own money into our club bloody flash gits should keep it to themselves!?

jtv · Post by **jtv** » Fri Oct 13, 2017 7:21 am

Steve-Harpers-perm wrote:Dyche, 46, is becoming a sought-after manager; one of the rare British successes in the Premier League working to considerable financial constraints. Taking seven points from games away to Chelsea, Tottenham and Everton this season has only increased the attention.

What has happened to our point at Liverpool???????????/

Burnleyareback2 · Post by **Burnleyareback2** » Fri Oct 13, 2017 7:21 am

When he was the co-owner my impression was that he enjoyed the publicity. Perhaps as things were generally positive for some time that encouraged him as well.

Since then we have in comparison heard very little from the current board/ owners. It’s a great time for our club and it would be great to hear more from them

Rumbletonk · Post by **Rumbletonk** » Fri Oct 13, 2017 7:23 am

He probably comes over a bit flash but he put his money where his mouth is before his business went under. How many can say they would do the same with any degree of certainty? I've met him and thought he seemed like a sound bloke. Definitely loves Burnley so that'll do for me

Winstonswhite · Post by **Winstonswhite** » Fri Oct 13, 2017 7:57 am

Steve-Harpers-perm wrote:Yeh fed up of these succrsssful local businessmen who happen to be Clarets putting their own money into our club bloody flash gits should keep it to themselves!?

I thought it was the banks money- not his- that was secured by Modus and that’s why problems started, ending up with him being blacklisted for directorship of any company.

Lancasterclaret · Post by **Lancasterclaret** » Fri Oct 13, 2017 8:00 am

He still put it in though.

Its like the whole Coyle thing. By all means argue that Coyleis a ****, but when it veers to trying to put the credit for his achievements in places that are frankly laughable, you destroy whatever argument you are trying to make.

Without Floods money (whoever it was) we wouldn't have made those crucial first steps towards where we are now. It is really pretty simple

EDIT - notice that Flood never claims to be "co-owner" now, its only the headline that makes that assumption.

fatboy47 · Post by **fatboy47** » Fri Oct 13, 2017 8:10 am

"" but he put his money where his mouth is before his business went under""

I think you'll find that what he mainly put into the club was actually other people's money.... at rates of intrest that make Shylock look like a social worker.

Lancasterclaret · Post by **Lancasterclaret** » Fri Oct 13, 2017 8:13 am

Again, he still put it in though.

Steve-Harpers-perm · Post by **Steve-Harpers-perm** » Fri Oct 13, 2017 8:17 am

And I’m sure every penny of investment from the rest of the board members over the years came directly from their piggy banks.

Kilby and co were obviously happy enough at the time from where his cash was coming from.

Socrates · Post by **Socrates** » Fri Oct 13, 2017 8:18 am

Had to watch my feet reading that.

There were names getting dropped everywhere.

CharlieinNewMexico · Post by **CharlieinNewMexico** » Fri Oct 13, 2017 8:19 am

But as we had jack all, that was better than administration and automatic relegation? Or not?

dibraidio · Post by **dibraidio** » Fri Oct 13, 2017 8:33 am

.. and when the Bank of Ireland called in his debt didn't it also mean that we didn't have the money to pay for Chris Eagles and ended up with a transfer embargo? I think it was Barry who said we wouldn't bet the Ranch but as far as I remember Flood nearly got it repossessed.

You can argue it either way, if he hadn't promised the money we might not have financed the promotion push in 2009 but I don't think anyone other than him had a full grasp of the risk he was taking.

Chester Perry · Post by **Chester Perry** » Fri Oct 13, 2017 9:25 am

jtv wrote:What has happened to our point at Liverpool???????????/

Perhaps they think 7 of 9 is better than 8 of 12 or that Liverpool just don't matter anymore

(Star Trek reference hidden in there somewhere and on that count I agree)

Rumbletonk · Post by **Rumbletonk** » Fri Oct 13, 2017 9:39 am

fatboy47 wrote:"" but he put his money where his mouth is before his business went under""

I think you'll find that what he mainly put into the club was actually other people's money.... at rates of intrest that make Shylock look like a social worker.

I must admit I've no idea what the rates were so you clearly know more than me. We certainly weren't getting that kind of money from anywhere else at the time and if we hadn't been promoted I doubt he'd have got it back at all. Say what you want but he did have the best interests of the club at heart

mdd2 · Post by **mdd2** » Fri Oct 13, 2017 9:47 am

Also wasn't it one of the then Directors in 2008-09 season who was terminally ill who loaned the club a few million to keep afloat?

martin_p · Post by **martin_p** » Fri Oct 13, 2017 10:22 am

kaptin1 wrote:Article refers to him being co-owner in 2011, which presumably he was back then.

“It is January 2011 and Burnley's co-owner and director Flood ...”

It's the headline that get's t wrong. However, it means that if I ever get a headline in the same newspaper it'll refer to me as 'Burnley co-owner' as well (shareholding of 1), so that's good news!

Lord Beamish · Post by **Lord Beamish** » Fri Oct 13, 2017 10:58 am

When he first came to the Club I thought he was a bit of a Paper Tiger. Nothing in the subsequent years has changed that opinion.

bodge · Post by **bodge** » Fri Oct 13, 2017 11:22 am

Whilst the club may have sailed close to the wind post the Modus collapse, the reality of the matter is that we are now thriving.

I'm not sure we would be where we are without the burst of positivity that Flood brought when he first burst onto the scene.

Whether some like it or not, he upped our profile big time and changed the mindset and perception of the club to the outside football world, he helped us become a more attractive proposition to incoming players and this aligned with an increasing wage bill gave us the initial impetus we badly needed at the time.

tim_noone · Post by **tim_noone** » Fri Oct 13, 2017 11:26 am

Ego driven. Billy big balls.

NottsClaret · Post by **NottsClaret** » Fri Oct 13, 2017 11:40 am

He's just getting his bit of reflective glory and his name in the papers, probably got another scheme lined up for investors.

Going back to when he was properly involved, just about everybody was winging it for that 2008/9 season, none of it was real but we still pulled it off. Coyle, Flood and a load of players who've never been that good before or since. Everything's genuine now, solid foundations etc, but if those chancers hadn't done what they did back then I still reckon we'd be in the sort of steady, unspectacular world of a PNE or Barnsley.

BurnleyFC · Post by **BurnleyFC** » Fri Oct 13, 2017 11:50 am

Let’s not forget that’s Barry Kirby also did alright for himself with the sale and subsequent repurchase of Turf Moor and Gawthorpe before laying into Brendan Flood over his loan criteria.

Personally I didn’t have a problem with either putting their money in at the time, whatever the caveats were.

Falcon · Post by **Falcon** » Fri Oct 13, 2017 1:40 pm

I don't give Daily Mail clicks. Anyone got a transcript? Not arsed if not - presumably it's good news for the club

Steve1956 · Post by **Steve1956** » Fri Oct 13, 2017 2:44 pm

jtv wrote:What has happened to our point at Liverpool???????????/

The Premier League are getting fed up of little old Burnley's antic's on the road this season,how dare we take points at Stamford Bridge,Wembley, Anfield & Goodison,they gave Liverpool the points.

Guich · Post by **Guich** » Fri Oct 13, 2017 2:48 pm

Brendon Flood was the perfect foil to Barry Kilby's careful stewardship of our club at the time. As Bodge says, we would not be where we are now without his burst of positivity. It was the perfect time for a change in culture after Barry had done so well to steady the ship.

Apart from the cash injection you can't overstate the impact he had on the running of the club, getting involved more than anyone before or since. He didn't get it all right, but implemented the cornerstones of how the club is still run today. He's certainly not shy of publicity but he's Burnley through and through.

The biggest beneficiary is Mike Garlick, who didn't have the nerve or will to take the initiative in 2007, but basks happily in the glory now. We may not need BF now, but certainly did then.

BigChaCha · Post by **BigChaCha** » Fri Oct 13, 2017 3:27 pm

Anyone who has shares in a company is a ''co-owner'' loosely speaking.

houseboy · Post by **houseboy** » Fri Oct 13, 2017 3:33 pm

Read this article earlier today. The one thing that struck me was the bit where he was talking about transfer fees and Burnley FC. It would appear that the only way we would spend more than 15m on a player is if it was Messi or Ronaldo or someone similar. It was a good read though but there seems to be some criticism on here about Flood and the directors, just skimming through, and all I would say to the critics is 'look where we are now'. The past is in the past, it's better left where it is, what we have now is a great club with a very healthy balance sheet and a team that has us currently 6th in the PL. Although it would take an unlikely set of results tomorrow we could be 3rd (yes 3rd) in the PL. Sod the past guys, I'll take the here and now.

BigChaCha · Post by **BigChaCha** » Fri Oct 13, 2017 3:35 pm

Something really stands out for me on that piece ......

'Many managers underestimate the importance of being a good fit. They inevitably consider a move for more remuneration as it's a short career. Sean is a particularly good fit for Burnley and how easily could he replicate that elsewhere?'

It's something I have been thinking about myself lately and Brendan is spot on with that comment!

Hipper · Post by **Hipper** » Fri Oct 13, 2017 3:45 pm

A bit of light on BF's non-football problems:

http://www.enforbusiness.com/feature/game-two-halves" onclick="window.open(this.href);return false;

Guich · Post by **Guich** » Fri Oct 13, 2017 4:11 pm

About seven years ago that Hipper.
Many banking with HBOS had the rug pulled, then Gordon Brown brokered a deal with Lloyds to save HBOS; which cost Lloyds dearly.

Corky · Post by **Corky** » Fri Oct 13, 2017 6:05 pm

Just out of curiosity what is Flood doing now?

ClaretTony · Post by **ClaretTony** » Fri Oct 13, 2017 6:12 pm

mdd2 wrote:Also wasn't it one of the then Directors in 2008-09 season who was terminally ill who loaned the club a few million to keep afloat?

It was, it was Ray Griffiths, a long term fan who so sadly passed away in the summer of 2009 before we'd kicked a ball in the Premier League.

Woodleyclaret · Post by **Woodleyclaret** » Fri Oct 13, 2017 6:19 pm

I personally feel Flood did very well financially by being involved with BFC.
There were reports of early repayments of his loans at eyewatering rates, perhaps they are inaccurate but the subsequent financial success of our club mean we don't need any more "generous" directors to loan us money.
This is the best bit of the story

Rumbletonk · Post by **Rumbletonk** » Fri Oct 13, 2017 6:54 pm

Woodleyclaret wrote:I personally feel Flood did very well financially by being involved with BFC.
There were reports of early repayments of his loans at eyewatering rates, perhaps they are inaccurate but the subsequent financial success of our club mean we don't need any more "generous" directors to loan us money.
This is the best bit of the story

How well do you think he'd have done if the club hadn't won promotion. Few people on here seem to have an axe to grind or have green eyed monster syndrome. How many others would have loaned the club money if they'd have been in the same situation. Not me. Hindsight is a wonderful thing but getting any money back was by no means a forgone conclusion. No promotion, no money back

Clarets4me · Post by **Clarets4me** » Fri Oct 13, 2017 6:59 pm

Winstonswhite wrote:I thought it was the banks money- not his- that was secured by Modus and that’s why problems started, ending up with him being blacklisted for directorship of any company.

As far as I'm aware, Brendon Flood was never disqualified, he certainly does not appear on the current list issued by Companies House...

TVC15 · Post by **TVC15** » Sat Oct 14, 2017 9:41 am

Flood found himself in a very fortunate position where his company was massively over valued and he was able to make some very risky financial investments into burnley football club - the risk was not to himself personally.

It was a pretty easy decision for us as a club as we were looking to push on and this allowed us to buy players.

Flood was clever in what he did and the interest rates were high - as soon as the commercial property crash happened his company was in massive problems. Fortunately we got promotion and he got his money back and then some.

I don't like the bloke at all - seen him at first hand in a couple of business dealings and he is a pr-ick. Massive ego and loves an audience - loves to tell everyone how he was responsible for our success.

I don't like the type of transaction he made either - of course I am happy we benefited but if we would not have got promotion then who loses ? Not really Flood but the employees he makes refundant and the other shareholders.

He's been quite rightly marginalised at the club and has little or no day to day dealings or decision making. Everyone now and again he loves to boost his ego by name dropping articles like this and reminding everyone who he is

Jimmymaccer · Post by **Jimmymaccer** » Sat Oct 14, 2017 11:02 am

He’s an entrepreneur....which means opportunist...... and generally they love themselves and don’t hesitate to self promote.....and when it goes wrong it’s never their fault......they just move on to the next opportunity.

Love ‘em or hate em ........

Personally I don’t admire them.

aggi · Post by **aggi** » Mon Oct 16, 2017 10:51 am

I've met plenty of property entrepreneurs professionally and they do tend to be self-confident and willing to take a risk. The nature of the business is that to make a good profit you have to leverage the deals highly so it's generally like a house of cards ready to come tumbling down if things go wrong.

The interest rates were high (although part of the reason they were so high was there was a bonus if we got promoted to the Premier League) but there was no chance of us going to the bank or similar to get a loan at standard commercial rates, we were too risky a proposition back then.

We were lucky that in that season we had Coyle and he had the season of his career (by far) and it all gelled, if that hadn't happened we would have been in serious trouble. On the other hand, if we'd carried on conservatively it would likely have been death by a thousand cuts with wages gradually being cut to try and make a profit and struggling more and more.