Apologies if already on...but is this a new development or a rehash?

https://www.telegraph.co.uk/football/20 ... y-premier/

Don’t know can’t read the article it’s behind a paywall

Story was in the times two years ago.

From Mike Mcgrath Telegraph

Burnley are the subject of interest from an overseas consortium looking to buy a Premier League club. They endured a week under scrutiny over the “White Lives Matter” plane banner and the future of Sean Dyche but are viewed as having huge potential for investors.

It is understood American and Middle-Eastern investors have looked closely at a club who have been in the top flight for five of the last six campaigns under Dyche and are assured of safety from relegation again this season.

The consortium will look to see if there is appetite for a takeover from Clarets chairman Mike Garlic in the post-Covid-19 landscape of football. The club issued said in a statement two years ago that they were open to investment from outside sources but were not in talks over a takeover....

All I can get as I've no subscription

i can't decide if I'm excited to read stuff like this or shudder at the thought of it

Hedontplayforyou wrote: ↑

Sat Jun 27, 2020 5:21 pm

Story was in the times two years ago.

Must have rejigged it and added last Monday plane incident then

Vegas Claret wrote: ↑

Sat Jun 27, 2020 5:22 pm

i can't decide if I'm excited to read stuff like this or shudder at the thought of it

Would welcome some investment but would want someone with links to the club to retain overall control. Don’t want to be like the horse botherers down the road and having to boycott in a few years!

ewanrob wrote: ↑

Sat Jun 27, 2020 5:24 pm

Must have rejigged it and added last Monday plane incident then

as far down as I can read it talks about post covid 19, might be a re-hash but I don't think it is - would be an utterly pointless article if it was just a re-hash after 2 years surely ?

Steve-Harpers-perm wrote: ↑

Sat Jun 27, 2020 5:24 pm

Would welcome some investment but would want someone with links to the club to retain overall control. Don’t want to be like the horse botherers down the road and having to boycott in a few years!

indeed, that's the gamble

Steve-Harpers-perm wrote: ↑

Sat Jun 27, 2020 5:24 pm

Would welcome some investment but would want someone with links to the club to retain overall control. Don’t want to be like the horse botherers down the road and having to boycott in a few years!

Like in all aspects of life, theres always good and bad, dont tar all with the same brush

Rovers problem were they potted Sam.
It was almost a perfect display of how to rip out the heart of a football club from every decision after that.

Vegas Claret wrote: ↑

Sat Jun 27, 2020 5:27 pm

indeed, that's the gamble

Certainly is. No surprise we are attracting interest though we must be an attractive proposition being relatively debt free.

Steve-Harpers-perm wrote: ↑

Sat Jun 27, 2020 5:28 pm

Certainly is. No surprise we are attracting interest though we must be an attractive proposition being relatively debt free.

pretty much debt free, training ground done so little to no investment required on that side of things - I just want someone to come in and give Dyche 700 Billion to spend

Edit: Mee would still be captain though

I think it's time to gamble, beginning to think the Board have created an uncontrollable beast, and no longer have finance or ideas to move it on.

Investors want money back, benefactors is what we need.
The sort who would use their business acumen and contacts free of charge, loans to the club from their own businesses at good rates when required, .........oh hang on.

bfcjg wrote: ↑

Sat Jun 27, 2020 5:33 pm

Investors want money back, benefactors is what we need.
The sort who would use their business acumen and contacts free of charge, loans to the club from their own businesses at good rates when required, .........oh hang on.

they'll clearly get their money back when we win the Champions League

Vegas Claret wrote: ↑

Sat Jun 27, 2020 5:35 pm

they'll clearly get their money back when we win the Champions League

For the 3rd consecutive season...

bfcjg wrote: ↑

Sat Jun 27, 2020 5:33 pm

Investors want money back, benefactors is what we need.
The sort who would use their business acumen and contacts free of charge, loans to the club from their own businesses at good rates when required, .........oh hang on.

Its about making the next step, if we want to progress to a top 12 team year in year out then it needs doing. If we are here just to build up reserves for the bad times, then leave as it is.

Nixon said he heard whispers a couple of months ago but not much since

It would be nice if they could spell the chairman’s name correctly.

Burnley are the subject of interest from an overseas consortium looking to buy a Premier League club. They endured a week under scrutiny over the “White Lives Matter” plane banner and the future of Sean Dyche but are viewed as having huge potential for investors.

It is understood American and Middle-Eastern investors have looked closely at a club who have been in the top flight for five of the last six campaigns under Dyche and are assured of safety from relegation again this season.

The consortium will look to see if there is appetite for a takeover from Clarets chairman Mike Garlic in the post-Covid-19 landscape of football. The club issued said in a statement two years ago that they were open to investment from outside sources but were not in talks over a takeover.

Burnley were in the headlines last week over a fan organising a banner in conflict with the Black Lives Matter movement against inequality. Dyche described it as a low moment for the club and two giant anti-racism banners were produced for their win against Watford at Turf Moor on Thursday.

Dyche’s future has also appeared uncertain after criticism of the club’s board over failing to extend the contracts of first-team players.

He had asked the board to renew deals last season to avoid the possibility of departures on free transfers. The delay of the season being completed due to the coronavirus pandemic meant Jeff Hendrick, Aaron Lennon and Joe Hart needed short-term extensions but could not agree fresh terms. Phil Bardsley signed a new one-year deal out of those with expiring contracts.

Dyche, who has two full seasons left on his contract, has worked on a smaller budget than many of his Premier League rivals and has spoken about the club’s spending ahead of Monday’s clash at Crystal Palace.

“It's not about breaking it, I would never do that. No way would I rip it up,” he said. "But can we stretch it? Yes, I think we can. Does it need stretching? Yes, it does. You can't, forever, work on a net spend of £9million-a-year. It is not impossible but it is improbable that is going to work over a long period."

I’d love us to have investment, we need it.

I just don’t see how we could be seen as a great investment opportunity and therefore wonder what the intentions of anyone coming in might be.

To be competitive in the Premier League you need billionaire owners, not millionaires.

I’m sure interest is shown on a regular basis - I think is just about the time being right.

Why did the people who invested in Bournemouth, or Sheffield United, or Wolves at the time they did, invest in those clubs ?

I like being in the PL, so would welcome further investment on a much bigger scale, without it hopefully changing the whole ethos of the club.

Is it the Saudi lot now Ashley & Newcastle looking to the Yanks

Bosscat wrote: ↑

Sat Jun 27, 2020 6:04 pm

Is it the Saudi lot now Ashley & Newcastle looking to the Yanks

the reason the Saudi bid stalled was because of piracy of the Premier League feeds in their country and middle east - they have now said they will crack down on it so we will see what happens with it - they sure as **** won't be investing in Burnley

Vegas Claret wrote: ↑

Sat Jun 27, 2020 6:06 pm

the reason the Saudi bid stalled was because of piracy of the Premier League feeds in their country and middle east - they have now said they will crack down on it so we will see what happens with it - they sure as **** won't be investing in Burnley

it was meant as a joke Vegas

randomclaret2 wrote: ↑

Sat Jun 27, 2020 5:56 pm

Why did the people who invested in Bournemouth, or Sheffield United, or Wolves at the time they did, invest in those clubs ?

Wasn’t the Russian bloke at Bournemouth a friend of their Chairman? I’m not sure about the others. I suppose time will tell - to date though they appear to be doing fine for both clubs.

Bosscat wrote: ↑

Sat Jun 27, 2020 6:07 pm

it was meant as a joke Vegas

Vegas Claret wrote: ↑

Sat Jun 27, 2020 6:16 pm

Should have used a 'winking smiley' I suppose

Got a feeling it’s regurgitated from this

https://t.co/Cg3WaCWVzH

Hedontplayforyou wrote: ↑

Sat Jun 27, 2020 6:20 pm

Got a feeling it’s regurgitated from this

https://t.co/Cg3WaCWVzH

These things take a while

The three reasons any overseas buyer will purchase Burnley are

1. Make money
2. Exposure
3. Allegedly clean/launder money.

https://en.m.wikipedia.org/wiki/List_of ... ball_clubs

Just look at the clubs below us and in lower divisions with foreign owners more wealthy then ours, why aren't they all fighting for European football on this "next level " that some Clarets seem to think can only be achieved by owners who are not Clarets.
We need Clarets owning the club who run the club prudently for the long term IMHO.

Hedontplayforyou wrote: ↑

Sat Jun 27, 2020 6:20 pm

Got a feeling it’s regurgitated from this

https://t.co/Cg3WaCWVzH

that article is over 2 years old - Nixon reckons the last he heard of potential interest was only a couple of months ago but nothing since

The opener mentions American and Middle Eastern , I’m just speculating that old stories may have been searched for in order to form some sort of story on a slow news day

We definitely need some form of outside investment here. Our prudent financial stance is both admirable and completely understandable but ultimately not sustainable.
We simply cannot compete with the wages offered by other clubs in our league on our current budget. The top-end Championship player (our major shopping zone over the past few years) is now commanding circa £25m in transfer fees and £80k a week wages.
We either start shopping abroad, which doesn't seem likely, or we succumb to investment.

Bordeauxclaret wrote: ↑

Sat Jun 27, 2020 5:42 pm

It would be nice if they could spell the chairman’s name correctly.

Yeah I thought it stunk

Perhaps, with new investment, we could finally find a worthy replacement for John Deary !

If there is nothing in this article then certain things don't make sense. Why bring up a 2 year old article? What would the point of that? Has dyche heard something? Would that explain his more pressing comments in the media recently? I really hope we do get investment because it is badly needed, otherwise we can wave goodbye to even being a sustainable championship club let alone a PL club.

Investment or a wealthy benefactor seems the only forward
especially if we wish to maintain our status in the top league.

Alternatively Garlick could decide to loosen the purse strings this
coming season and we could still look for investors next year.
I mean even if it turned out a worst case scenario and we got relegated then we've got
three, possibly four players who even if we sold just two could
bring in 50m or so.

It's a no brainer!

jurek wrote: ↑

Sat Jun 27, 2020 7:02 pm

Investment or a wealthy benefactor seems the only forward
especially if we wish to maintain our status in the top league.

Alternatively Garlick could decide to loosen the purse strings this
coming season and we could still look for investors next year.
I mean even if it turned out a worst case scenario and we got relegated then we've got
three, possibly four players who even if we sold just two could
bring in 50m or so.

It's a no brainer!

The criticism of sensible releasing of the purse strings always puzzles me. As you say, those purchased don’t suddenly become worthless - particularly with astute investment.

Boden's got nowt to do, quoting old articles
https://www.burnleyexpress.net/sport/fo ... ow-1116987

Braindead wrote: ↑

Sat Jun 27, 2020 6:46 pm

We definitely need some form of outside investment here. Our prudent financial stance is both admirable and completely understandable but ultimately not sustainable.
We simply cannot compete with the wages offered by other clubs in our league on our current budget. The top-end Championship player (our major shopping zone over the past few years) is now commanding circa £25m in transfer fees and £80k a week wages.
We either start shopping abroad, which doesn't seem likely, or we succumb to investment.

Surely the club must be able to find players somewhere in the world better than than those playing in our second tier for those amounts of money ?

Even with investors there's no guarantee that we'd do any better. You only have to look at the number of clubs below us in the Prem and the Championship who have far richer owners, yet haven't been as successful in recent times.

Unfortunately, there are only so many places in the PL, and far more owners trying to chase that dream.

If we get an 'investor', it's got to be an Uncle Jack type benefactor (along with five or six of his richer brothers ), not some overseas concern with no idea of who we are and, even less inclination to learn, beyond how much money we're going to make them.
Which isn't going to be very much if they intend to run the club properly.

Braindead wrote: ↑

Sat Jun 27, 2020 6:46 pm

We definitely need some form of outside investment here. Our prudent financial stance is both admirable and completely understandable but ultimately not sustainable.
We simply cannot compete with the wages offered by other clubs in our league on our current budget. The top-end Championship player (our major shopping zone over the past few years) is now commanding circa £25m in transfer fees and £80k a week wages.
We either start shopping abroad, which doesn't seem likely, or we succumb to investment.

Which Championship players are commanding £80k per week?

To progress further we need outside investment. To progress further we need more flex with funds as Dyche has highlighted. The alternative is we keep it local, be glad of what we achieved and accept the inevitable relegation. Imagine a local business that does well from small beginnings and needs outside investment to expand and really prosper but the owner decides they will keep things as they are with no expansion but it’s nice and steady for now.

NewClaret wrote: ↑

Sat Jun 27, 2020 7:17 pm

Which Championship players are commanding £80k per week?

Rooney?
The Welsh Xavi. Liverpool to stoke will have a decent contract.

Spijed wrote: ↑

Sat Jun 27, 2020 7:16 pm

Even with investors there's no guarantee that we'd do any better. You only have to look at the number of clubs below us in the Prem and the Championship who have far richer owners, yet haven't been as successful in recent times.

Unfortunately, there are only so many places in the PL, and far more owners trying to chase that dream.

agree, but it would be nice to be able to have a starting offer of 12 million for a 15 million rated player instead of 4 million 3 pies and two boxes of twix !