ALK Capital or Farnell/Elkashashy takeover
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Re: ALK Capital or Farnell/Elkashashy takeover
From the MMT thread earlier but some on here may find it interesting too
KPMG's Football Benchmark looks at why investors and particularly American ones still seem keen on investing in European football
https://footballbenchmark.com/library/p ... _investors
KPMG's Football Benchmark looks at why investors and particularly American ones still seem keen on investing in European football
https://footballbenchmark.com/library/p ... _investors
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Re: ALK Capital or Farnell/Elkashashy takeover
Thank youdsr wrote: ↑Wed Nov 18, 2020 11:58 amJust to make it clear:
1. Charlton boy didn't say they were buying the club, he said they were looking to buy the club, which is a different thing.
2. Even if they aren't looking to buy the club the whole point of the discussion is that we believe they are.
3. You've made your point about a possible error, so you can now stop making it.
Re: ALK Capital or Farnell/Elkashashy takeover
Apart from the BFC statement.
Burnley Football Club confirms that the club’s ownership remain in discussions with interested parties regarding future investment in the club.
https://www.burnleyfootballclub.com/con ... b-takeover
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Re: ALK Capital or Farnell/Elkashashy takeover
There's no mention of Farnell, Pace, ALK or Elkashashy in that.HahaYeah wrote: ↑Wed Nov 18, 2020 12:22 pmApart from the BFC statement.
Burnley Football Club confirms that the club’s ownership remain in discussions with interested parties regarding future investment in the club.
https://www.burnleyfootballclub.com/con ... b-takeover
Re: ALK Capital or Farnell/Elkashashy takeover
I fully agree with this statement. Covid 19, Bexit and a politically explosive American election are all off limits whearas the various posts on these topics generally made good reading.
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Re: ALK Capital or Farnell/Elkashashy takeover
There must be numerous other opportunities for you to discuss those subjects ? The media is full of little else. A potential takeover of the club is " boring " ?Siddo wrote: ↑Wed Nov 18, 2020 12:49 pmI fully agree with this statement. Covid 19, Bexit and a politically explosive American election are all off limits.
I am not pointing a finger at anyone, but isn't the role of moderators to police topics and take out inflammatory comments, lies and references to protected characteristics? If so, why haven't they done this?
Instead we have whole topics deleted as a knee jerk reaction. This board was interesting and topical. Now to be frank, its boring.
Re: ALK Capital or Farnell/Elkashashy takeover
There's probably NDAs in place. The point is that you can't just pick on Farnell's supposed involvement and say it's from unconfirmed newspaper reports, it's the same for all the parties.
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Re: ALK Capital or Farnell/Elkashashy takeover
I just went back to the first page of this thread and saw that it was started in September. It feels a lot lot longer than that.
Re: ALK Capital or Farnell/Elkashashy takeover
the wheels have already fallen offrandomclaret2 wrote: ↑Tue Nov 17, 2020 7:32 pmI suppose it depends how you see things panning out if there is no takeover...the wheels may well come off anyway
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Re: ALK Capital or Farnell/Elkashashy takeover
Unfortunately, unlike the transfer window threads there is no end date.
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Re: ALK Capital or Farnell/Elkashashy takeover
that is probably because of the investor thread before that http://www.uptheclarets.com/messageboar ... =2&t=48059gandhisflipflop wrote: ↑Wed Nov 18, 2020 12:56 pmI just went back to the first page of this thread and saw that it was started in September. It feels a lot lot longer than that.
It is very rare for threads to be both long running and consistently on the front page on this board, only 2 come to mind that have been around more than a few months (now the politics have been paused) and they have both been there for several years
Re: ALK Capital or Farnell/Elkashashy takeover
Libel for liking a post ?Danieljwaterhouse wrote: ↑Wed Nov 18, 2020 10:29 amThe issues have been rightly raised, people have drawn conclusions, there is no need for the continuous barrage of biased views.
This purchase is not similar, he’s opened himself up to libel with some of his comments, as have others who have liked his posts.
A purchase will go ahead, regardless of his, mine or your views.
Really ?.... for someone who professes himself so in the know you don’t half talk some rubbish.
Whether a purchase will go ahead or not is irrelevant to fans on a message board expressing an opinion on prospective suitors.
You have expressed your opinion often enough so let others express their opinion without telling them they should leave the board because it differs from yours. As you point out it will or won’t happen whatever any of us think or post on a fans forum.
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Re: ALK Capital or Farnell/Elkashashy takeover
Unfortunately not, no. It does, however, buy the fans some time in terms of having time to raise the funds to buy the ground instead.
That said, I believe Gigg Lane had one, and that didn't go particularly well.
Apologies about the 3-5 year mix up, by the way, it was late, LOL. (A sign of my age, perhaps?!)
The fact that we had it brought in once, and then renewed, IS good news, though...
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Re: ALK Capital or Farnell/Elkashashy takeover
Thanks, Paul. I believe the Trust is one of the "major" shareholders, outside of the board and any former directors.Paul Waine wrote: ↑Tue Nov 17, 2020 11:48 pmHi ch, you can read about The Clarets Trust here: https://claretstrust.co.uk/ including details of Turf Moor being recorded as an "Asset of Community Value." I didn't know anything about The Clarets Trust before it was mentioned above. I guess we've got one or two TCT board members who post on here.
From my reading, registering Turf Moor as ACV is only a "5 year" thing - and it can be changed - and would need to be renewed, as it already was renewed in 2019. Turf Moor is owned by Longside Properties Ltd, which in turn is owned by Burnley FC Holdings Ltd.
It is Burnley FC Holdings Ltd that is the subject of takeover discussions. Should this company be acquired by new owners, ownership of Longside Properties (and Turf Moor) will be held by the new owners - and the ACV will continue to apply.
Clarets Trust is shown as owning 176 ordinary shares in Burnley FC Holdings Ltd. (This is from Companies House Confirmation Statement, Dec-2019).
There is no logic in any entity paying £200 million to buy Burnley FC Holdings if they are thinking of "asset stripping." It would and could only "end in tears" and a massive financial loss for the entity buying the club.
If MG and the board decide to sell the club to new investors, they will make their decision on the price that is offered. Of course, any prospective new investors have to satisfy ODT with PL. The latter should be interested in the "sustainability" of the new investors plans - i.e. do they have access to the funds to run the club. (I guess it's a moot point - do the new investors need to have more funds than the existing owners, especially after they've paid the agreed purchase price to MG et al?). Logic said they wouldn't be trying to buy if they didn't think they could make a success of it.
Discussions about any new investors plans for the club may be part of passing ODT in some form. I don't think there will be a "5 year business plan." I'd expect there to be "aspirations" including the aspiration to remain in PL - and then maybe some further development of the squad. Development of the ground may be mentioned - but, I'd expect that to be very much contingent on on field successes and new revenues, wherever these new revenues can be obtained.
All the above is on the basis that a deal is agreed with someone. We won't know whether that is happening until the club comments to that effect - and until then it will be "no comment."
UTC
Be great to get a few new members, especially in the current climate...
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Re: ALK Capital or Farnell/Elkashashy takeover
That's true, sadly, Crosspool.CrosspoolClarets wrote: ↑Wed Nov 18, 2020 8:53 amA link below to the council’s paperwork on the ACV that whentheballmoves flagged up above. All publicly available.
https://www.burnley.gov.uk/sites/defaul ... 202019.pdf
I would point out that just because Turf Moor is an ACV (which was a fantastic move), the football club business isn’t obliged to play there. It just means the owner couldn’t sell the asset off for any other purpose while it is protected (my local pub, opposite the world’s oldest football ground, is also a ACV and has been abandoned for years, sooner or later, tragically, it will become housing).
So my fear remains that a new ground, borrowing at rock bottom levels, is the way the new owners may choose to make money out of this. It’s a fear, not a prediction, I have no idea if this is planned or not, but I know it could stack up financially.
We’ll see.
It buys us some time, which may prove invaluable, so you never know. Hopefully, that never becomes an issue. I too fear for the club if they "do a Bolton"...
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Re: ALK Capital or Farnell/Elkashashy takeover
And on the subject of whipping things up - Dubai State and Northern Powerhouse come to mind.Danieljwaterhouse wrote: ↑Tue Nov 17, 2020 11:52 amThere’s a presumption that Farnell is involved in much more than the legal wranglings. The hysteria of the Charlton fans is whipping this up.
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Re: ALK Capital or Farnell/Elkashashy takeover
Nothing confirmed but ALK with Pace and Elkashasy/Farnell are definitely bidders - one with the Premier League and the other still talking. I'm not aware of any other offers.
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Re: ALK Capital or Farnell/Elkashashy takeover
It undoubtedly has some positive aspects. Not being able to sell the ground in secret as happened last time is clearly important and the extra scrutiny and procedure will make it a less popular route.whentheballmoves wrote: ↑Wed Nov 18, 2020 3:15 pmUnfortunately not, no. It does, however, buy the fans some time in terms of having time to raise the funds to buy the ground instead.
That said, I believe Gigg Lane had one, and that didn't go particularly well.
Apologies about the 3-5 year mix up, by the way, it was late, LOL. (A sign of my age, perhaps?!)
The fact that we had it brought in once, and then renewed, IS good news, though...
The Trust is actually the 12th biggest shareholder in the club. Although in real terms that only equates to 0.14% of the total shareholding.
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Re: ALK Capital or Farnell/Elkashashy takeover
How long will the PL likely take before they reach a decision? When they reach a decision will that be communicated publicly or privately?ClaretTony wrote: ↑Wed Nov 18, 2020 3:50 pmNothing confirmed but ALK with Pace and Elkashasy/Farnell are definitely bidders - one with the Premier League and the other still talking. I'm not aware of any other offers.
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Re: ALK Capital or Farnell/Elkashashy takeover
It's a piece of string in terms of how long. Look how long they took to come to a decision regarding Newcastle. I can't imagine any reason why they would publicly say anything to be honest. In the case of Newcastle, they'd announced the sale of the club pending the PL decision, we've not done anything like that and in any case I believe both parties are still negotiating with the club.gandhisflipflop wrote: ↑Wed Nov 18, 2020 4:59 pmHow long will the PL likely take before they reach a decision? When they reach a decision will that be communicated publicly or privately?
Re: ALK Capital or Farnell/Elkashashy takeover
Transcript below from Sandgaard interview on TS this morning, about the fleet of Range Rovers bought while under ESI ownership....what a mess that is...can't be allowed anywhere near our club.
"They have since been reclaimed by Sandgaard and he is giving away the one that he claims was previously in lawyer Chris Farnell’s possession, said to be valued at £90,000.
The Charlton owner added: “These Range Rovers that is now left, it happens to be the one driven by Chris Farnell, that’s now in a competition for fans. You just have to buy a Valley Pass for the live stream. It could be a great Christmas gift.”
"They have since been reclaimed by Sandgaard and he is giving away the one that he claims was previously in lawyer Chris Farnell’s possession, said to be valued at £90,000.
The Charlton owner added: “These Range Rovers that is now left, it happens to be the one driven by Chris Farnell, that’s now in a competition for fans. You just have to buy a Valley Pass for the live stream. It could be a great Christmas gift.”
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Re: ALK Capital or Farnell/Elkashashy takeover
Is it the ALK one or the Farnell one with the PL? Does this mean anything? Is the other bid far behind?
Re: ALK Capital or Farnell/Elkashashy takeover
And the other side of the story is?ewanrob wrote: ↑Wed Nov 18, 2020 5:03 pmTranscript below from Sandgaard interview on TS this morning, about the fleet of Range Rovers bought while under ESI ownership....what a mess that is...can't be allowed anywhere near our club.
"They have since been reclaimed by Sandgaard and he is giving away the one that he claims was previously in lawyer Chris Farnell’s possession, said to be valued at £90,000.
The Charlton owner added: “These Range Rovers that is now left, it happens to be the one driven by Chris Farnell, that’s now in a competition for fans. You just have to buy a Valley Pass for the live stream. It could be a great Christmas gift.”
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Re: ALK Capital or Farnell/Elkashashy takeover
Read the full transcript, its disgraceful what these people did to Charlton during the summer...who on earth buys a fleet of cars and hands them out like that...if they aren't allegedly a tad untrustworthy.
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Re: ALK Capital or Farnell/Elkashashy takeover
To add to this. We were under a transfer embargo in Jan and £700,000 worth of Range Rovers were bought.
Re: ALK Capital or Farnell/Elkashashy takeover
I'd read the transcript if it covered both sides of the story, then I could make an informed opinion, otherwise, if it was one of Jim whites giving his mates airtime interviews, I'll give it a miss ta.
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Re: ALK Capital or Farnell/Elkashashy takeover
The key here is that the vehicles were legally repossessed - which means the clubs money was spent on them when as Charlton boy says they were under transfer embargo for failing to make payments - there was also a large sum spent on property rentals for the new owners too - all in the Charlton thread at the time. Many would consider that an inappropriate use of limited club funds and certainly a very strange set of priorities for a new ownership team.
http://www.uptheclarets.com/messageboar ... =2&t=45887
Re: ALK Capital or Farnell/Elkashashy takeover
I get confused with this as the article I read said Elliott bought the club in June this year, should it have read June 2019...thats the only way January becomes relevantCharlton Boy wrote: ↑Wed Nov 18, 2020 5:24 pmTo add to this. We were under a transfer embargo in Jan and £700,000 worth of Range Rovers were bought.
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Re: ALK Capital or Farnell/Elkashashy takeover
Agreed, Jim only covered one side properly in this today.
Sandgaard came on live with Simon Jordan (an actual football man) asking him proper questions. Unlike the pre recorded elliott interview.
Last edited by Charlton Boy on Wed Nov 18, 2020 6:23 pm, edited 2 times in total.
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Re: ALK Capital or Farnell/Elkashashy takeover
East Street Investments was the vehicle to buy Charlton in January - ostensibly sold (Farnell was the Lawyer) at the start of the summer, money failed to materialise so the assets were bought by the new and current owner
Re: ALK Capital or Farnell/Elkashashy takeover
Nothing to do with Jim White mates, in fact a lot of people annoyed it wasn't live so he could be interrogated by Jordan who was dying to get into him....not sure they have a leg to stand on to add to the story.
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Re: ALK Capital or Farnell/Elkashashy takeover
You give it a miss, and you continue to dismiss the concerns of others but I'll be honest and tell you that from the information I have been able to gather on Farnell then I'm frightened to death of him getting anywhere near our club. The fact that Garlick might even be talking to him is seriously concerning.
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Re: ALK Capital or Farnell/Elkashashy takeover
Can only speak as you find but Sandgaard has been very useful and helpfulCharlton Boy wrote: ↑Wed Nov 18, 2020 5:41 pmSandgaard came on live with Simon Jordan (an actual football man) asking him proper questions.
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Re: ALK Capital or Farnell/Elkashashy takeover
If the negotiations are still ongoing and the owners of Burnley haven't yet decided which party they are going to sell the club to, why would either party apply to the league for test of ownership ?
Why would you go through a process that you may fail and not get the chance to be the preferred bidder ?
If the party, we are led to believe, has pre- applied before being accepted as the bidder, that can only strengthen the fact, from most fans perspective, that something untoward is going on, apart from the "fan" that is trying to get some posters to libel on this thread.
Why would you go through a process that you may fail and not get the chance to be the preferred bidder ?
If the party, we are led to believe, has pre- applied before being accepted as the bidder, that can only strengthen the fact, from most fans perspective, that something untoward is going on, apart from the "fan" that is trying to get some posters to libel on this thread.
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Re: ALK Capital or Farnell/Elkashashy takeover
They have decided. But I’ll let those in the know, let the information out first
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Re: ALK Capital or Farnell/Elkashashy takeover
Although that interview was one sided they did have an interview from Elliot as well played earlier. As one sided as it was though I only heard the end of the interview and it would scare me shitless if only a little of what was said was true and these 2 are ever fully or even partly involved with my Club. Made me laugh when he asked Jim White’s opinion of Farnell he mumbled a few words and then Simon Jordan’s gave his opinion which added to the fear of these 2 getting anywhere near my Club.
Re: ALK Capital or Farnell/Elkashashy takeover
In which case, as you have said many times recently that in your opinion the Farnell/Elkashashy bid is going to win, despite you preferring the ALK bid, must mean they have decided on the Farnell/Elkashashy bid. Shame and worrying as I agree with your thoughts on preferring the ALK bid.Danieljwaterhouse wrote: ↑Wed Nov 18, 2020 6:24 pmThey have decided. But I’ll let those in the know, let the information out first
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Re: ALK Capital or Farnell/Elkashashy takeover
In Cluedo, near the end of the game, a player can make a calculated guess on whodunnit, well my guess on who the "frontman" for Burnley will be, as in a similar role as D Levy at Tottenham ( not the main shareholder ) is a name that we are all familiar with and is a current director.Danieljwaterhouse wrote: ↑Wed Nov 18, 2020 6:24 pmThey have decided. But I’ll let those in the know, let the information out first
Re: ALK Capital or Farnell/Elkashashy takeover
I don't dismiss the concerns of others, I just ask for facts to back up those concerns. Farnell seems to get blamed for things at times he wasn't even involved at Charlton.ClaretTony wrote: ↑Wed Nov 18, 2020 5:59 pmYou give it a miss, and you continue to dismiss the concerns of others but I'll be honest and tell you that from the information I have been able to gather on Farnell then I'm frightened to death of him getting anywhere near our club. The fact that Garlick might even be talking to him is seriously concerning.
Until you, or others, share whatever information you have that makes you so concerned it's difficult to have a fully informed opinion.
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Re: ALK Capital or Farnell/Elkashashy takeover
I will turn it on you and your liker, you tell us why we should trust this fella and what he will bring to our club....then we will all be informedGrumps wrote: ↑Wed Nov 18, 2020 6:55 pmI don't dismiss the concerns of others, I just ask for facts to back up those concerns. Farnell seems to get blamed for things at times he wasn't even involved at Charlton.
Until you, or others, share whatever information you have that makes you so concerned it's difficult to have a fully informed opinion.
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Re: ALK Capital or Farnell/Elkashashy takeover
Iam not saying that, and never have, but I wouldn't say trust or not trust till I had the facts from both sides.
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Re: ALK Capital or Farnell/Elkashashy takeover
As Han Solo would say, “I got a bad feeling about this”.Danieljwaterhouse wrote: ↑Wed Nov 18, 2020 6:24 pmThey have decided. But I’ll let those in the know, let the information out first
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Re: ALK Capital or Farnell/Elkashashy takeover
Never tell me the odds.
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Re: ALK Capital or Farnell/Elkashashy takeover
So go on then ...who is our choice ??
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Re: ALK Capital or Farnell/Elkashashy takeover
Kind of losing the thread of all this now, but surely, if these guys have a history of getting football clubs to the alter and then failing to show up with the cash, why is Garlick even entertaining them?ClaretTony wrote: ↑Wed Nov 18, 2020 5:59 pmYou give it a miss, and you continue to dismiss the concerns of others but I'll be honest and tell you that from the information I have been able to gather on Farnell then I'm frightened to death of him getting anywhere near our club. The fact that Garlick might even be talking to him is seriously concerning.
Re: ALK Capital or Farnell/Elkashashy takeover
The issue is, there's more negatives than positives about this fella out there....the negatives are very open and transparent...positives, I've not seen anything put out there. I would happily hold my hand up if proved wrong.
Re: ALK Capital or Farnell/Elkashashy takeover
The issue is, those open and transparent negatives come from where, backed up by what?
Perhaps your evidence threshold is lower than mine, let's see what happens...
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Re: ALK Capital or Farnell/Elkashashy takeover
That’s the question - makes no sense to me.scouseclaret wrote: ↑Wed Nov 18, 2020 7:37 pmKind of losing the thread of all this now, but surely, if these guys have a history of getting football clubs to the alter and then failing to show up with the cash, why is Garlick even entertaining them?