ALK Capital or Farnell/Elkashashy takeover

Grumps · Post by **Grumps** » Wed Oct 28, 2020 4:49 pm

Not what I was hoping for tbh.

HahaYeah · Post by **HahaYeah** » Wed Oct 28, 2020 4:49 pm

Has Garlick cashed his chips in or was their simply no other way?

Steve-Harpers-perm · Post by **Steve-Harpers-perm** » Wed Oct 28, 2020 4:49 pm

burnmark wrote: ↑
Wed Oct 28, 2020 4:47 pm
They want to make Nile Ranger their first signing.

And Tony Adams as new manager.

Cubanclaret · Post by **Cubanclaret** » Wed Oct 28, 2020 4:50 pm

There was a news item on Newsnight last night saying how quickly and easily ‘fake news’ becomes reality as digital
platforms all paraphrase each other. It happened with a story about Woolworths relaunching on Monday.
Perhaps be a good thing if this goes the same way.

jrgbfc · Post by **jrgbfc** » Wed Oct 28, 2020 4:53 pm

Really uneasy about selling the club to people like this. What happens if/when we go down? Will they honestly still be interested without the Premier league money rolling in?

GaryClaret · Post by **GaryClaret** » Wed Oct 28, 2020 4:56 pm

I'm a bit surprised at the certainty in the Mirror article over things being signed etc etc. Especially from John Cross as well...he always seemed alright on Sunday Supplement (but what do I know?). It still might just be them using the media to get their name out there rather than anything substantial. Like others have said, selling to these characters doesn't really fit with the way they have run the club thus far.

Wouldn't be the first or last time things have been made up in a newspaper! The Athletic's version of events feels more believable i.e. ALK struggling to raise the money and these putting their name out there in a similar way ALK did.......but no further advanced than that. Possibly wishful thinking!

lucs86 · Post by **lucs86** » Wed Oct 28, 2020 4:56 pm

Seems like bad news, that list of clubs and characters is about as worrying as it gets.
The American interest seemed a bit odd, but much safer than this.

gawthorpe_view · Post by **gawthorpe_view** » Wed Oct 28, 2020 4:57 pm

burnmark wrote: ↑
Wed Oct 28, 2020 4:47 pm
They want to make Nile Ranger their first signing.

Sorry but that Sphinx.

Rileybobs · Post by **Rileybobs** » Wed Oct 28, 2020 4:57 pm

Seems to me that the majority of posters on this forum want Garlick out, that's always going to come with a risk. The grass isn't always greener, let's hope it is if this comes to pass.

NottsClaret · Post by **NottsClaret** » Wed Oct 28, 2020 4:57 pm

It’ll be good to play Bolton again, and Stockport.

ClaretTony · Post by **ClaretTony** » Wed Oct 28, 2020 4:59 pm

GaryClaret wrote: ↑
Wed Oct 28, 2020 4:56 pm
I'm a bit surprised at the certainty in the Mirror article over things being signed etc etc. Especially from John Cross as well...he always seemed alright on Sunday Supplement

How we see people differently - John Cross was the one who always wanted me to switch off. I'm amazed he's heard of Burnley to be honest.

KateR · Post by **KateR** » Wed Oct 28, 2020 4:59 pm

the plot thickens doth it not

Paul Waine · Post by **Paul Waine** » Wed Oct 28, 2020 5:03 pm

"Don't want an owner who doesn't "take a risk," pay the going rate and back the best manager we've ever had in the transfer window."

"Don't want a US "money ball" owner."

"Don't want an owner who's linked to other failed football clubs."

But, definitely don't want.....

Be careful what you wish for guys.

UTC

Newcastleclaret93 · Post by **Newcastleclaret93** » Wed Oct 28, 2020 5:03 pm

NottsClaret wrote: ↑
Wed Oct 28, 2020 4:57 pm
It’ll be good to play Bolton again, and Stockport.

Let’s be honest this was always going to happen. The only people that can afford prem clubs these days are these types of people.

Looks like the majority of fans are getting there wish. To see the back of our current chairmen. Let’s hope it’s worth the risk

Spijed · Post by **Spijed** » Wed Oct 28, 2020 5:05 pm

joey13 wrote: ↑
Wed Oct 28, 2020 4:17 pm
God help us

Hope not, he's still injured at Man City.

Siddo · Post by **Siddo** » Wed Oct 28, 2020 5:08 pm

Rileybobs wrote: ↑
Wed Oct 28, 2020 4:20 pm
Sounds like Farnell's reason for failure of the test is legitimate, purely from what's been reported in the articles above.

But mistakes like this, a tick in the wrong box, just doesn't happen at that level of business. Very worrying.

Steve-Harpers-perm · Post by **Steve-Harpers-perm** » Wed Oct 28, 2020 5:09 pm

Chris Boden suggesting Garlick would stay on as chairman under this consortium.

ClaretTony · Post by **ClaretTony** » Wed Oct 28, 2020 5:09 pm

Newcastleclaret93 wrote: ↑
Wed Oct 28, 2020 5:03 pm
Looks like the majority of fans are getting there wish. To see the back of our current chairmen. Let’s hope it’s worth the risk

Not according to those reports - he'd stay on as executive chairman.

Boss Hogg · Post by **Boss Hogg** » Wed Oct 28, 2020 5:10 pm

With ALK I’m not sure funds are in place ... yet. We hear of many deals that fall through because of this along with false promises. If funds are in place with the alternative deal it’s a positive I suppose. Not sure about a PE firm. Private Equity firms invest to make money and then sell off. Many businesses have been ruined by Private Equity firms once they have made their bit.

ClaretTony · Post by **ClaretTony** » Wed Oct 28, 2020 5:10 pm

Steve-Harpers-perm wrote: ↑
Wed Oct 28, 2020 5:09 pm
Chris Boden suggesting Garlick would stay on as chairman under this consortium.

It's in the report that's broken the news. "Garlick is understood to be keen to stay on as chairman under new ownership"

GaryClaret · Post by **GaryClaret** » Wed Oct 28, 2020 5:11 pm

ClaretTony wrote: ↑
Wed Oct 28, 2020 4:59 pm
How we see people differently - John Cross was the one who always wanted me to switch off. I'm amazed he's heard of Burnley to be honest.

Yeah I know what you mean actually. I used to like watching it but eventually I realised their interest was so narrow. It's all the more painful/visible when we're in the top flight but unless you're in the top 6, to them, we don't exist.....unless you're a basket case club. I switched off when they started talking about Rooney for the 464th week in a row.

I think what I meant to say was I thought, probably naively, he'd have a little more credence as he did seem respected by the other hacks on the show. Like it's not just some random account on Twitter saying this. The article is basically saying the deal is done.

I just don't think this is true. Might be more hope than reality though!

Steve-Harpers-perm · Post by **Steve-Harpers-perm** » Wed Oct 28, 2020 5:11 pm

ClaretTony wrote: ↑
Wed Oct 28, 2020 5:10 pm
It's in the report that's broken the news. "Garlick is understood to be keen to stay on as chairman under new ownership"

Cannot see him wanting to be associated with these ‘characters’.

ksrclaret · Post by **ksrclaret** » Wed Oct 28, 2020 5:11 pm

He'd better bloody not stay on as chairman if he's selling to this guy. Just take your money Mike and keep your head down for a while. Get one of the other board members to stay on and keep the ship afloat.

SGr · Post by **SGr** » Wed Oct 28, 2020 5:13 pm

I can only hope that this is some sort of ploy to force Chase’s hand. Seems unlikely though.

This thread is worse than the transfer one(s).

dsr · Post by **dsr** » Wed Oct 28, 2020 5:13 pm

Is this £200m a bid for all the shares, or just Garlick's?

Wokingclaret · Post by **Wokingclaret** » Wed Oct 28, 2020 5:14 pm

Hoping this is just a thing to wake up ALK

jtv · Post by **jtv** » Wed Oct 28, 2020 5:14 pm

ClaretTony wrote: ↑
Wed Oct 28, 2020 5:10 pm
It's in the report that's broken the news. "Garlick is understood to be keen to stay on as chairman under new ownership"

But are the new owners keen to let him stay on? How much say will MG have? Can the rift between him and SD be mended if there are more funds to invest in the team or is the issue Mike Rigg?

ClaretMov · Post by **ClaretMov** » Wed Oct 28, 2020 5:14 pm

A little on the guy wanting to buy the club

https://www.thenationalnews.com/busines ... n-1.659545

Vegas Claret · Post by **Vegas Claret** » Wed Oct 28, 2020 5:18 pm

sounds like the perfect end to 2020

KateR · Post by **KateR** » Wed Oct 28, 2020 5:20 pm

Titans of industry giving out free advice on a BFC message board, who would have thought, you learn so much here.

ClaretTony · Post by **ClaretTony** » Wed Oct 28, 2020 5:21 pm

dsr wrote: ↑
Wed Oct 28, 2020 5:13 pm
Is this £200m a bid for all the shares, or just Garlick's?

All I would suspect

Grumps · Post by **Grumps** » Wed Oct 28, 2020 5:22 pm

Wokingclaret wrote: ↑
Wed Oct 28, 2020 5:14 pm
Hoping this is just a thing to wake up ALK

Would they have signed docs agreeing the sale if that was the case?

ClaretTony · Post by **ClaretTony** » Wed Oct 28, 2020 5:23 pm

SGr wrote: ↑
Wed Oct 28, 2020 5:13 pm
I can only hope that this is some sort of ploy to force Chase’s hand. Seems unlikely though.

This thread is worse than the transfer one(s).

If the chairman has been talking to these two for a year then I suspect not

clansman · Post by **clansman** » Wed Oct 28, 2020 5:23 pm

Don’t do it Mike. I’m afraid the Egyptian/ Dubai entrepreneur is just that an entrepreneur. It doesn’t mean he has any money to spend on the club.compared to the Venkata for instance he is a nobody and certainly not millions to pump into the club for development.
This really is turning into one of those years/ seasons we will want to forget.

onewillieirvine · Post by **onewillieirvine** » Wed Oct 28, 2020 5:23 pm

No way in the memory of man would Mr Garlick sell the club to any questionable buyer. I have complete faith in the chairman to do the right thing. No question.

ksrclaret · Post by **ksrclaret** » Wed Oct 28, 2020 5:23 pm

ClaretTony wrote: ↑
Wed Oct 28, 2020 5:21 pm
All I would suspect

If that is true, how does it tally with the thought that there's not much the other board members can do if Garlick decides to sell?

If it is for all shares, then the sale to these guys would need to sanctioned by all board members. Would they really do that? I certainly hope not.

NewClaret · Post by **NewClaret** » Wed Oct 28, 2020 5:24 pm

Feel sick.

ALK - seem to have no money/backer.

Egyptian/Farnell - not telling me that a guy who owns 7 restaurants in Dubai has £200m to buy a PL club.

He did however hold a role with the Dubai government so is it possibly a front for Dubai government investment? Describes himself as “strategic PE investor”.

Pretty annoying that of all the possible groups interested in investing across the world, we get two like this.

HahaYeah · Post by **HahaYeah** » Wed Oct 28, 2020 5:25 pm

Key bits from mirror article..

Millionaire businessman El Kashashy made his money in food and the talks to buy Burnley have been going on for more than a year with the club up for sale for some time.

The new owners insist there will be no huge wholesale changes at the club, although fans will be keen for them to spend and strengthen the squad.

But Dyche is believed to be central to their long term plans, they have the utmost respect for him and want him to stay.

Chester Perry · Post by **Chester Perry** » Wed Oct 28, 2020 5:25 pm

ClaretMov wrote: ↑
Wed Oct 28, 2020 5:14 pm
A little on the guy wanting to buy the club

https://www.thenationalnews.com/busines ... n-1.659545

That article is 6 years old and there is very little to be found out since

he used to like getting his name in the Press

this from 2007 https://www.washingtontimes.com/news/20 ... ain-drain/

but has since kept a lower media profile

ClaretTony · Post by **ClaretTony** » Wed Oct 28, 2020 5:26 pm

ksrclaret wrote: ↑
Wed Oct 28, 2020 5:23 pm
If that is true, how does it tally with the thought that there's not much the other board members can do if Garlick decides to sell?

If it is for all shares, then the sale to these guys would need to sanctioned by all board members. Would they really do that? I certainly hope not.

I don't know how it works but if one shareholder has over half of the shares and he sells them to someone then that person then has over 50% and is in a very strong position without having to negotiate with anyone else.

clansman · Post by **clansman** » Wed Oct 28, 2020 5:26 pm

There will be no changes because they won’t put any money in.

NewClaret · Post by **NewClaret** » Wed Oct 28, 2020 5:29 pm

clansman wrote: ↑
Wed Oct 28, 2020 5:23 pm
Don’t do it Mike. I’m afraid the Egyptian/ Dubai entrepreneur is just that an entrepreneur. It doesn’t mean he has any money to spend on the club.compared to the Venkata for instance he is a nobody and certainly not millions to pump into the club for development.
This really is turning into one of those years/ seasons we will want to forget.

It won’t be his money. Nor will it be Pace’s cash if ALK deal goes ahead.

Just got to hope that the Egyptian is backed by some very rich Middle Eastern oil money!

ksrclaret · Post by **ksrclaret** » Wed Oct 28, 2020 5:32 pm

ClaretTony wrote: ↑
Wed Oct 28, 2020 5:26 pm
I don't know how it works but if one shareholder has over half of the shares and he sells them to someone then that person then has over 50% and is in a very strong position without having to negotiate with anyone else.

Me neither - I don't have a clue how any of this works. Just guessing and hoping the other board members, Barry Kilby especially, aren't going to have their careful safeguarding of the club thrown away without a say in the matter.

Charlton Boy · Post by **Charlton Boy** » Wed Oct 28, 2020 5:33 pm

Hi All,

I feel compelled to sign up and post on here after hearing this news. Also partly down to the fact you were all cracking down at the valley that year you got promoted to the Prem.

You must, and I cannot stress this enough, do everything you can to ensure this takeover does not happen. Chris Farnell is the same man involved in Bury (google it), Chris Farnell is the same man that compelled Charlton fans to travel to Manchester and storm his offices just months ago (https://www.thetimes.co.uk/article/char ... -dkcp89bvm).

We fought through the courts to get them out over the summer and we had a lucky escape with our new owner coming in.

Charlton fans will help you with all that we know, i'm sure our fans groups will be communicating with yours as we speak. But please head this warning.

Here are some comments when we heard the news this afternoon:

4:13PM edited 4:17PM
Jesus Christ.

Pedro45 said:
Let's flag this to Alistair Campbell - he will go mad! MUST BE STOPPED AT ALL COSTS!

4:29PM
So they've gone from scratching around and struggling to buy a league one club to bang! Finding the cash to buy a PL club.
Doesn't quite add up.

4:40PM
Think one of the fans group should put statement out clearly stating who these people are. Get that circulated in the media and amongst Burnley fans ASAP.

5:10PM
God help Burnley.

4:56PM
Poor Burnley, if this goes through. I feel for them and their supporters.

5:14PM
Burnley fans were good to us on Sofa Wrecking Day. I hope we can repay them with some quality information that will help them fight these bastards.

You can view further information using the below link - Although it is members only so you will have to sign up. https://forum.charltonlife.com/discussi ... 475#latest

Good luck Burnley fans - Charlton Fans will support you.

Claretnick · Post by **Claretnick** » Wed Oct 28, 2020 5:34 pm

He is a director of Staunch Partners Limited with Christopher Farnell....
https://find-and-update.company-informa ... 1/officers

NewClaret · Post by **NewClaret** » Wed Oct 28, 2020 5:34 pm

Not wanting to cover old ground but who was it on here that said there was a rival bidder from Egypt/Dubai? Was it a poster or previous media report?

Winstonswhite · Post by **Winstonswhite** » Wed Oct 28, 2020 5:34 pm

Charlton forum opinion:
https://forum.charltonlife.com/discussi ... rnley-fans

Sheedyclaret · Post by **Sheedyclaret** » Wed Oct 28, 2020 5:36 pm

Wasn't Farnell involved at Charlton need to avoid

ClaretTony · Post by **ClaretTony** » Wed Oct 28, 2020 5:37 pm

Charlton Boy wrote: ↑
Wed Oct 28, 2020 5:33 pm
Hi All,

I feel compelled to sign up and post on here after hearing this news. Also partly down to the fact you were all cracking down at the valley that year you got promoted to the Prem.

You must, and I cannot stress this enough, do everything you can to ensure this takeover does not happen. Chris Farnell is the same man involved in Bury (google it), Chris Farnell is the same man that compelled Charlton fans to travel to Manchester and storm his offices just months ago (https://www.thetimes.co.uk/article/char ... -dkcp89bvm).

We fought through the courts to get them out over the summer and we had a lucky escape with our new owner coming in.

Charlton fans will help you with all that we know, i'm sure our fans groups will be communicating with yours as we speak. But please head this warning.

Here are some comments when we heard the news this afternoon:

4:13PM edited 4:17PM
Jesus Christ.

Pedro45 said:
Let's flag this to Alistair Campbell - he will go mad! MUST BE STOPPED AT ALL COSTS!

4:29PM
So they've gone from scratching around and struggling to buy a league one club to bang! Finding the cash to buy a PL club.
Doesn't quite add up.

4:40PM
Think one of the fans group should put statement out clearly stating who these people are. Get that circulated in the media and amongst Burnley fans ASAP.

5:10PM
God help Burnley.

4:56PM
Poor Burnley, if this goes through. I feel for them and their supporters.

5:14PM
Burnley fans were good to us on Sofa Wrecking Day. I hope we can repay them with some quality information that will help them fight these bastards.

You can view further information using the below link - Although it is members only so you will have to sign up. https://forum.charltonlife.com/discussi ... 475#latest

Good luck Burnley fans - Charlton Fans will support you.

Thanks very much. I've already been in touch with your supporters trust and they've given me some good info and some good contacts too for more information. Rivals on match days but football fans are friends who help each other when needed.

SGr · Post by **SGr** » Wed Oct 28, 2020 5:42 pm

ClaretTony wrote: ↑
Wed Oct 28, 2020 5:23 pm
If the chairman has been talking to these two for a year then I suspect not

Fair point