Gamblers?
ALK Capital or Farnell/Elkashashy takeover
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Re: ALK Capital or Farnell/Elkashashy takeover
I smell BS.FactualFrank wrote: ↑Sun Nov 01, 2020 11:03 pmFrom what I understand, there would be no extra investment on the playing side. We'd be no better off when it comes to players.
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Re: ALK Capital or Farnell/Elkashashy takeover
I can’t imagine it’s very easy to find someone who is willing to lend £200m to buy a football club. Whether you call this person a gambler, speculator or other name.boatshed bill wrote: ↑Sun Nov 01, 2020 11:49 pmWho knows? it's a reasonable question though, they would be what nice people call "speculators"
It would be nice if people could actually back up what they’re saying, as I’ve asked factual frank, rather than just making things up.
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Re: ALK Capital or Farnell/Elkashashy takeover
I’m worried by this takeover. That’s a gut feel. The Egyptian doesn’t appear to have any serious wealth of his own, so the question must be where he is getting the money from, and how the deal is structured. Is it £200m for the current shareholders? Is it up front or dependent upon results? Is part of the £200m for Dyche and team building?
Also, is there a bigger picture here with investment from the oil states?
I’m sure some people aren’t bothered either way, but when you have emotional buy in over a few decades it’s hard not to care about the detail.
Also, is there a bigger picture here with investment from the oil states?
I’m sure some people aren’t bothered either way, but when you have emotional buy in over a few decades it’s hard not to care about the detail.
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Re: ALK Capital or Farnell/Elkashashy takeover
£200m and outright ownership from Dubai’s government? Bring it on.
Hopefully they’ll offer discounted holidays for season ticket holders, too.
Hopefully they’ll offer discounted holidays for season ticket holders, too.
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Re: ALK Capital or Farnell/Elkashashy takeover
If you don't mind me asking, where is this information coming from?FactualFrank wrote: ↑Sun Nov 01, 2020 11:03 pmFrom what I understand, there would be no extra investment on the playing side. We'd be no better off when it comes to players.
Re: ALK, I tend to agree that it's more likely than not going to be a leveraged buy out, so quite possible. And if that is the case, I would be completely against it because it puts us in a worse position than before.
Re: ALK Capital...
I don't know who PCC are but it sounds like they're taking over competitors and running them down.Lowbankclaret wrote: ↑Sat Oct 31, 2020 7:41 pmYes, 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.
Taking over a successful business and asset stripping it when there isn't a supplementary benefit such as taking their customer base just doesn't make sense though.
If it's not a distressed business, and regardless of the past few results you can't describe Burnley as that, the purchase price is going to be higher than the asset value. You're not going to make a profit asset stripping in that case.
Re: ALK Capital or Farnell/Elkashashy takeover
Has any of you thought this take over.just maybe a red hering
Re: ALK Capital or Farnell/Elkashashy takeover
Has any of you thought this take over.just maybe a red herring
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Re: ALK Capital or Farnell/Elkashashy takeover
Already been discussed in depthNewcastleclaret93 wrote: ↑Mon Nov 02, 2020 4:59 pmhttps://www.mirror.co.uk/sport/football ... ssion=true
Interesting read
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Re: ALK Capital or Farnell/Elkashashy takeover
Is the Egyptian "takeover " a Red Herring or are they both ? If so, what is actually happening ?
Re: ALK Capital or Farnell/Elkashashy takeover
Why would anyone want to buy a club for £200m if they're not going to invest in making the team better?
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Re: ALK Capital or Farnell/Elkashashy takeover
It wouldn't be the first time.
There is a difference between buying a football club and investing in one.
Who's to say they wouldn't sell our best players and pocket the profit?
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Re: ALK Capital or Farnell/Elkashashy takeover
There are thousands of people out there who may be in a position to buy the club with borrowed money, who maybe have £1m or so to their name.
Buying the club whereby someone else owns the majority of shares but the organiser is effectively
in a position to control the club on a day to day basis means that they can accumulate much more wealth come the first transfer window.
They still don't own the club but can be extremely wealthy within 6 months.
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Re: ALK Capital or Farnell/Elkashashy takeover
How about this:
A new chairman who is not a fan, and the first major decision is to sell the ground and have a franchise type arrangement out of town (a bit like Coventry City had )?
I am cynical
A new chairman who is not a fan, and the first major decision is to sell the ground and have a franchise type arrangement out of town (a bit like Coventry City had )?
I am cynical
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Re: ALK Capital or Farnell/Elkashashy takeover
Hiya NewClaret. I don't wish to say where I got it from, as it's the same source that told me we were signing Vydra, Chris Wood, and Taylor, so they seem to be pretty spot on. But they say the takeover would be very much behind the scenes. Not the sort of takeover that would suddenly gift us with millions to spend on the market.NewClaret wrote: ↑Mon Nov 02, 2020 11:56 amIf you don't mind me asking, where is this information coming from?
Re: ALK, I tend to agree that it's more likely than not going to be a leveraged buy out, so quite possible. And if that is the case, I would be completely against it because it puts us in a worse position than before.
Re: ALK Capital or Farnell/Elkashashy takeover
More a Leeds source thenFactualFrank wrote: ↑Mon Nov 02, 2020 6:56 pmHiya NewClaret. I don't wish to say where I got it from, as it's the same source that told me we were signing Vydra, Chris Wood, and Taylor, so they seem to be pretty spot on. But they say the takeover would be very much behind the scenes. Not the sort of takeover that would suddenly gift us with millions to spend on the market.
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Re: ALK Capital or Farnell/Elkashashy takeover
Not being funny, genuine question, how on earth do they make a profit on their £200m by selling players. The only way to keep making profit is by keeping players moving on for big money over a time... or through commercial and advertising revenue. All of that virtually disappears if we go down.boatshed bill wrote: ↑Mon Nov 02, 2020 6:36 pmIt wouldn't be the first time.
There is a difference between buying a football club and investing in one.
Who's to say they wouldn't sell our best players and pocket the profit?
I’m not convinced by any of this, but surely if they were looking to asset strip there would be far more attractive clubs further down the league, that they could get for a lot less than £200m?
Re: ALK Capital or Farnell/Elkashashy takeover
If you could buy my art for 100 million pounds each, I could buy Burnley football Club in terms of finance and also with respect to local born interests.
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Re: ALK Capital or Farnell/Elkashashy takeover
How the FFF should I know? All I do know is that anything is possible. I trust mike Garlick. I don't trust consortiums and coffee salesmen.elwaclaret wrote: ↑Mon Nov 02, 2020 7:02 pmNot being funny, genuine question, how on earth do they make a profit on their £200m by selling players. The only way to keep making profit is by keeping players moving on for big money over a time... or through commercial and advertising revenue. All of that virtually disappears if we go down.
I’m not convinced by any of this, but surely if they were looking to asset strip there would be far more attractive clubs further down the league, that they could get for a lot less than £200m?
I'll add this: Something like £150m for our best 4 players. A season's PL money. 3 season's parachute money. Sell to the highest bidder.
Last edited by boatshed bill on Mon Nov 02, 2020 7:08 pm, edited 1 time in total.
Re: ALK Capital or Farnell/Elkashashy takeover
I’ve seen your art, Pstotto.
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Re: ALK Capital or Farnell/Elkashashy takeover
Right then. Sorted.
As has gone down, Burnley is a borough of 160,000 and we're about 250 on the list, currently 20th.
Town-mobile club mentality might mean an exit from the town and a re-naming any time.
As has gone down, Burnley is a borough of 160,000 and we're about 250 on the list, currently 20th.
Town-mobile club mentality might mean an exit from the town and a re-naming any time.
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Re: ALK Capital or Farnell/Elkashashy takeover
Not if you are asset stripping by replacing with inferior gradually & still maintaining the commercial & advertising revenue streams, eventually things would go s**tshaped but by then you’ve recovered the £200 mill outlay, it’ll just take time to do that whilst slowly sinking once you’ve recovered the £200mill you keep the club on a even keel probably in the championship or league 1, you’ve got your money back & still retain the club although not In the healthiest state.elwaclaret wrote: ↑Mon Nov 02, 2020 7:02 pmNot being funny, genuine question, how on earth do they make a profit on their £200m by selling players. The only way to keep making profit is by keeping players moving on for big money over a time... or through commercial and advertising revenue. All of that virtually disappears if we go down.
I’m not convinced by any of this, but surely if they were looking to asset strip there would be far more attractive clubs further down the league, that they could get for a lot less than £200m?
Re: ALK Capital or Farnell/Elkashashy takeover
Any buyer could follow the Glaisers model at Utd ,short term loan for £200m to buy the club immediately repaid by the club itself borrowing the same amount against its assets ie future income,the ground and players. The buyers are then themselves debt free and if the club makes a profit they take it , if it doesn’t the losses are loaded onto the debt until it becomes unsustainable and they sell assets such as the ground and training ground. A bleak prospect I hope doesn’t come true
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Re: ALK Capital or Farnell/Elkashashy takeover
Another I trust Mike Garlick to run it but not to sell it. Which is it? Do you trust him or not?boatshed bill wrote: ↑Mon Nov 02, 2020 7:06 pmHow the FFF should I know? All I do know is that anything is possible. I trust mike Garlick. I don't trust consortiums and coffee salesmen.
I'll add this: Something like £150m for our best 4 players. A season's PL money. 3 season's parachute money. Sell to the highest bidder.
Your sell and then sell scenario is fanciful at best.
Also another post referencing the Glazer model.
To do that someone would have to be willing to lend them £200m to repay their £200m......not sure that’s realistic either.
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Re: ALK Capital or Farnell/Elkashashy takeover
maybe, but there is a colossal difference between the money Man Utd bring in compared to us, would be a lot more difficult to justify the numbers with us I would think ?Roger1960 wrote: ↑Mon Nov 02, 2020 7:56 pmAny buyer could follow the Glaisers model at Utd ,short term loan for £200m to buy the club immediately repaid by the club itself borrowing the same amount against its assets ie future income,the ground and players. The buyers are then themselves debt free and if the club makes a profit they take it , if it doesn’t the losses are loaded onto the debt until it becomes unsustainable and they sell assets such as the ground and training ground. A bleak prospect I hope doesn’t come true
Re: ALK Capital or Farnell/Elkashashy takeover
Where do the profits come from? As much as people rave on here I don’t see Tarkowski going for Neymar figures.boatshed bill wrote: ↑Mon Nov 02, 2020 6:36 pmIt wouldn't be the first time.
There is a difference between buying a football club and investing in one.
Who's to say they wouldn't sell our best players and pocket the profit?
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Re: ALK Capital or Farnell/Elkashashy takeover
OK. Now I accept that I am coming from the most cynical of places.
Tarks, Dwight, Pope, Taylor and Wood. We could sell them for a fair old chunk. We would also save a large amount on wages.
There is a large sum coming for being in the PL.
I reckon that covers the investment and more.
Tarks, Dwight, Pope, Taylor and Wood. We could sell them for a fair old chunk. We would also save a large amount on wages.
There is a large sum coming for being in the PL.
I reckon that covers the investment and more.
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Re: ALK Capital or Farnell/Elkashashy takeover
This is just not how finances work.boatshed bill wrote: ↑Mon Nov 02, 2020 7:06 pmHow the FFF should I know? All I do know is that anything is possible. I trust mike Garlick. I don't trust consortiums and coffee salesmen.
I'll add this: Something like £150m for our best 4 players. A season's PL money. 3 season's parachute money. Sell to the highest bidder.
For one if we did sell our best 4 players we would get knowhere near 150m as this summer highlighted. our best player was rated at 30m after his best campaign with no one willing to go higher. You would be lucky to get 100m for our whole squad if we went down.
Next if they take over the club as it stands they will actually have to invest money just to balance the books due to corona.
Next if we were relegated the club dramatically loses its value.
The only way this becomes a successful venture for someone taking over is they follow the Leicester city route. Buy young players like fofana and sell on for a massive profit in two season.
However the 1 other area they could make massive profits is if they make the club successful and push the brand in the Middle East. Turnover could dramatically increase if they make the most of a big market in the Middle East.
Re: ALK Capital or Farnell/Elkashashy takeover
30m for Tarkowski, 25m for DM, 15m for dodgy Pope, 20m for Charlie and 25m for Wood.boatshed bill wrote: ↑Mon Nov 02, 2020 8:23 pmOK. Now I accept that I am coming from the most cynical of places.
Tarks, Dwight, Pope, Taylor and Wood. We could sell them for a fair old chunk. We would also save a large amount on wages.
There is a large sum coming for being in the PL.
I reckon that covers the investment and more.
115m income but leaving us with a very weak team. What's the point of doing this and how does it lead to a profit for any new owner?
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Re: ALK Capital or Farnell/Elkashashy takeover
I think you are lowering the values a little bit there.
I'd like people who think these takeovers are so good to actually put up what they expect from these new investors.
£200m will only buy the club. What do you expect in additional investment, and where do you know that it's coming from?
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Re: ALK Capital or Farnell/Elkashashy takeover
Nobody knows anything about any of that. So you’re guessing based on doomsday and other posters are guessing based on “what would be the point of spending £200m to destroy what you bought”.boatshed bill wrote: ↑Mon Nov 02, 2020 9:06 pmI think you are lowering the values a little bit there.
I'd like people who think these takeovers are so good to actually put up what they expect from these new investors.
£200m will only buy the club. What do you expect in additional investment, and where do you know that it's coming from?
Reality is nobody knows which is why it’s difficult to for an opinion as to good or bad until we have some more detail.
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Re: ALK Capital or Farnell/Elkashashy takeover
I totally agree with that.arise_sir_charge wrote: ↑Mon Nov 02, 2020 9:17 pmNobody knows anything about any of that. So you’re guessing based on doomsday and other posters are guessing based on “what would be the point of spending £200m to destroy what you bought”.
Reality is nobody knows which is why it’s difficult to for an opinion as to good or bad until we have some more detail.
But I'd like to know what the "Garlick out, in with the new" protagonists are basing their hopes for the future on, given that £2oom will scarcely fund the club's obviously needed improvements.
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Re: ALK Capital or Farnell/Elkashashy takeover
You’d better ask Mike as well, he clearly wants to sell.boatshed bill wrote: ↑Mon Nov 02, 2020 9:23 pmI totally agree with that.
But I'd like to know what the "Garlick out, in with the new" protagonists are basing their hopes for the future on, given that £2oom will scarcely fund the club's obviously needed improvements.
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Re: ALK Capital or Farnell/Elkashashy takeover
I would argue the opposite I think he is over egging the values.boatshed bill wrote: ↑Mon Nov 02, 2020 9:06 pmI think you are lowering the values a little bit there.
I'd like people who think these takeovers are so good to actually put up what they expect from these new investors.
£200m will only buy the club. What do you expect in additional investment, and where do you know that it's coming from?
Doubt we will get much more for many of them. I would also say there is no chance we are getting 25m for wood and 20m for Taylor. The question you have got to ask is not what we value them at but what would another club value them at.
Tarks - 30m
McNeil - around 25m
Pope - 20m
Taylor - 15m
Wood - 15m
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Re: ALK Capital or Farnell/Elkashashy takeover
That is worrying. No benefit in that at all.FactualFrank wrote: ↑Mon Nov 02, 2020 6:56 pmHiya NewClaret. I don't wish to say where I got it from, as it's the same source that told me we were signing Vydra, Chris Wood, and Taylor, so they seem to be pretty spot on. But they say the takeover would be very much behind the scenes. Not the sort of takeover that would suddenly gift us with millions to spend on the market.
Rock = ALK
Hard place = El Nokashy & Farrell