Only posted anything on this thread that I believe to be the caseelwaclaret wrote: ↑Sat Dec 12, 2020 7:02 pmI don’t know Daniel but despite a sometimes fractious relationship at times with CT we’ve known each other far too long for us to ever fall out. I know if CT tells you anything it is because he himself believes it, whatever anyone says about him.
ALK Capital or Farnell/Elkashashy takeover
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Re: ALK Capital or Farnell/Elkashashy takeover
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Re: ALK Capital or Farnell/Elkashashy takeover
Well said VCVegas Claret wrote: ↑Sat Dec 12, 2020 6:53 pmI for one appreciate all the input by the likes of CT, DJW etc. Even if something turns out to be incorrect in the final reckoning I believe that these lads are posting in good faith at the time they have their info. I don't understand the need to have an award ceremony for who said what first though etc.
We should all be very bloody excited about the takeover especially given the research CT has done on ALK
Keep up the good work gents.
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Re: ALK Capital or Farnell/Elkashashy takeover
Well they will all be getting much less than they could have got, if they done the bleeding obvious pre- season, and signed a right winger and a cb. The worst decision making ever. Serves them all right.GodIsADeeJay81 wrote: ↑Sat Dec 12, 2020 5:12 pmHow can they lose money with their shares if the clubs being sold for circa £200 million?
Do we know what they paid for them?
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Re: ALK Capital or Farnell/Elkashashy takeover
Don’t believe so. I firmly believe he is out of the picture and I am aware that four days ago there was no agreement although there was nothing actually holding it up.Nonayforever wrote: ↑Sat Dec 12, 2020 7:18 pmMy worst fear is that CF has put a legal spanner in the works, which has been my greatest fear all along. I really hope that i am way off the mark.
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Re: ALK Capital or Farnell/Elkashashy takeover
Spot on. Keep the info coming lads. It's very much appreciated and is providing excitement and anticipation at a time when it's needed.Vegas Claret wrote: ↑Sat Dec 12, 2020 6:53 pmI for one appreciate all the input by the likes of CT, DJW etc. Even if something turns out to be incorrect in the final reckoning I believe that these lads are posting in good faith at the time they have their info. I don't understand the need to have an award ceremony for who said what first though etc.
We should all be very bloody excited about the takeover especially given the research CT has done on ALK
Keep up the good work gents.
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Re: ALK Capital or Farnell/Elkashashy takeover
I blame it on Brexit, exchange rate fluctuating, no deal Brexit and Dollar goes up against Sterling, could be worth thousands to ALK it may mean they hang fire to end of December before paying up, or just want to see if we beat Arsenal tomorrow.
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Re: ALK Capital or Farnell/Elkashashy takeover
So both parties have signed a document in Knightsbridge to say they haven't agreed anything. They have told all the staff to prepare for a takeover but not told any staff that anything is happening and ALK both are and aren't interested in the Northern Powerhouse.
Meanwhile on the transfer front Tarks has been at Leicester's training ground without going anywhere near Leicester. Phil Jones has signed for us from January without ever speaking to anyone at the club and we are a going to sign multiple players in January, none of which will leave their clubs or come here.
Glad we finally cleared everything up
Meanwhile on the transfer front Tarks has been at Leicester's training ground without going anywhere near Leicester. Phil Jones has signed for us from January without ever speaking to anyone at the club and we are a going to sign multiple players in January, none of which will leave their clubs or come here.
Glad we finally cleared everything up
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Re: ALK Capital or Farnell/Elkashashy takeover
Just wait until after Christmas.Goobs wrote: ↑Sat Dec 12, 2020 9:16 pmSo both parties have signed a document in Knightsbridge to say they haven't agreed anything. They have told all the staff to prepare for a takeover but not told any staff that anything is happening and ALK both are and aren't interested in the Northern Powerhouse.
Meanwhile on the transfer front Tarks has been at Leicester's training ground without going anywhere near Leicester. Phil Jones has signed for us from January without ever speaking to anyone at the club and we are a going to sign multiple players in January, none of which will leave their clubs or come here.
Glad we finally cleared everything up
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Re: ALK Capital or Farnell/Elkashashy takeover
Goobs wrote: ↑Sat Dec 12, 2020 9:16 pmSo both parties have signed a document in Knightsbridge to say they haven't agreed anything. They have told all the staff to prepare for a takeover but not told any staff that anything is happening and ALK both are and aren't interested in the Northern Powerhouse.
Meanwhile on the transfer front Tarks has been at Leicester's training ground without going anywhere near Leicester. Phil Jones has signed for us from January without ever speaking to anyone at the club and we are a going to sign multiple players in January, none of which will leave their clubs or come here.
Glad we finally cleared everything up
Sums the thread up at page 107
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Re: ALK Capital or Farnell/Elkashashy takeover
And.Goobs wrote: ↑Sat Dec 12, 2020 9:16 pmSo both parties have signed a document in Knightsbridge to say they haven't agreed anything. They have told all the staff to prepare for a takeover but not told any staff that anything is happening and ALK both are and aren't interested in the Northern Powerhouse.
Meanwhile on the transfer front Tarks has been at Leicester's training ground without going anywhere near Leicester. Phil Jones has signed for us from January without ever speaking to anyone at the club and we are a going to sign multiple players in January, none of which will leave their clubs or come here.
Glad we finally cleared everything up
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Re: ALK Capital or Farnell/Elkashashy takeover
So we just need Sterling to dive? That shouldn’t be to difficult.CnBtruntru wrote: ↑Sat Dec 12, 2020 9:15 pmI blame it on Brexit, exchange rate fluctuating, no deal Brexit and Dollar goes up against Sterling
Last edited by RammyClaret61 on Sun Dec 13, 2020 5:35 am, edited 1 time in total.
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Re: ALK Capital or Farnell/Elkashashy takeover
The £200 million was public information, put into the public domain by Chris Farnell's own PR.Nonayforever wrote: ↑Sat Dec 12, 2020 7:24 pmIf bid A was £180m
Bid B £200m
Then bid A goes up to £200m I would assume CF has a strong case that the sellers have disclosed confidential information.
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Re: ALK Capital or Farnell/Elkashashy takeover
Rarely remembered fact.
Man City were sold for £210 million to their current owners.
Hard to believe we are potentially going to be sold for a similar amount, but shows how football finances have moved forward.
Man City were sold for £210 million to their current owners.
Hard to believe we are potentially going to be sold for a similar amount, but shows how football finances have moved forward.
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Re: ALK Capital or Farnell/Elkashashy takeover
Burnley FC is a GBP business, receiving income, including tv monies in GBP and paying out wages and other expenses (mostly) in GBP - so, logical for Mike Garlick to be looking to sell his shares in GBP (and same for other directors...). ALK is a US investor - looking to buy a UK entity, with the price in GBP. So, yes, ALK has exposure to GBP. Over the past week, value of GBP has fallen against the USD (and euro) - prior to that USD had fallen against GBP (and other currencies). If the exchange rate is significant to the transaction, ALK can hedge - though it's always a good idea to hedge certainty rather than potential transactions. The whole idea of the investment is buying a Premier League football club - so, the asset will always be GBP based. If ALK can manage what they need to manage with the relegation risk, then I've no concern that they can manage the (much smaller) risk from currency fluctuations.CnBtruntru wrote: ↑Sat Dec 12, 2020 9:15 pmI blame it on Brexit, exchange rate fluctuating, no deal Brexit and Dollar goes up against Sterling, could be worth thousands to ALK it may mean they hang fire to end of December before paying up, or just want to see if we beat Arsenal tomorrow.
Exciting times.
UTC
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Re: ALK Capital or Farnell/Elkashashy takeover
Paul Waine wrote: ↑Sat Dec 12, 2020 11:46 pmBurnley FC is a GBP business, receiving income, including tv monies in GBP and paying out wages and other expenses (mostly) in GBP - so, logical for Mike Garlick to be looking to sell his shares in GBP (and same for other directors...). ALK is a US investor - looking to buy a UK entity, with the price in GBP. So, yes, ALK has exposure to GBP. Over the past week, value of GBP has fallen against the USD (and euro) - prior to that USD had fallen against GBP (and other currencies). If the exchange rate is significant to the transaction, ALK can hedge - though it's always a good idea to hedge certainty rather than potential transactions. The whole idea of the investment is buying a Premier League football club - so, the asset will always be GBP based. If ALK can manage what they need to manage with the relegation risk, then I've no concern that they can manage the (much smaller) risk from currency fluctuations.
Exciting times.
UTC
I like the exciting times line at the end of your every post...
Exciting times indeed
Last edited by mill hill claret on Sun Dec 13, 2020 9:11 am, edited 1 time in total.
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Re: ALK Capital or Farnell/Elkashashy takeover
Was that £210 million, plus taking on the debts that city carried? If it was, then the sum actually works out at far more than £210 millionGodIsADeeJay81 wrote: ↑Sat Dec 12, 2020 11:42 pmRarely remembered fact.
Man City were sold for £210 million to their current owners.
Hard to believe we are potentially going to be sold for a similar amount, but shows how football finances have moved forward.
Re: ALK Capital or Farnell/Elkashashy takeover
Let’s hope it’s £100 million for the shares and £100 million for player investment (5 year plan).
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Re: ALK Capital or Farnell/Elkashashy takeover
The way it's been reported - and the way the other bid was reported - is that it's £200 million to buy the shares.
There's been no direct mention, in any of the media reports, of additional money to fund transfer dealings and extra players' wages. However, that comes with the territory. No point spending money to buy a club if you don't have the funds to take it forward.
Mike Garlick and John B have had enough money to get the club to where we are today. If the costs of maintaining a Premier League club hadn't escalated so much over the past few seasons, maybe they'd still have enough to keep the club progressing under their ownership. However, that's not the case, so they are doing right by the club - and us fans - by finding someone who has got what it takes for the next stage.
Exciting times.
It's beginning to feel a lot like Christmas...
UTC
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Re: ALK Capital or Farnell/Elkashashy takeover
Its about a £100 million more than we've had so far to spend on players
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Re: ALK Capital or Farnell/Elkashashy takeover
Paul Waine wrote: ↑Sun Dec 13, 2020 12:05 pmThe way it's been reported - and the way the other bid was reported - is that it's £200 million to buy the shares.
There's been no direct mention, in any of the media reports, of additional money to fund transfer dealings and extra players' wages. However, that comes with the territory. No point spending money to buy a club if you don't have the funds to take it forward.
Mike Garlick and John B have had enough money to get the club to where we are today. If the costs of maintaining a Premier League club hadn't escalated so much over the past few seasons, maybe they'd still have enough to keep the club progressing under their ownership. However, that's not the case, so they are doing right by the club - and us fans - by finding someone who has got what it takes for the next stage.
Exciting times.
It's beginning to feel a lot like Christmas...
UTC
Can’t believe anyone’s going to pay £200m for a business with no certainty over future revenues.
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Re: ALK Capital or Farnell/Elkashashy takeover
Still doesn't go far when you factor in the complete sale.
Initial Transfer fee, wages, agents and signing on fees, plus any potential clauses.
The reality is £100 million might only get you 3 top quality players.
Re: ALK Capital or Farnell/Elkashashy takeover
Isn’t much of that spread across the life of the contract though?GodIsADeeJay81 wrote: ↑Sun Dec 13, 2020 12:55 pmStill doesn't go far when you factor in the complete sale.
Initial Transfer fee, wages, agents and signing on fees, plus any potential clauses.
The reality is £100 million might only get you 3 top quality players.
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Re: ALK Capital or Farnell/Elkashashy takeover
Exciting times.
It's beginning to feel a lot like Christmas...
UTC
[/quote]
Well I have seen little to get excited about at the moment, we have heard little from the club only from the wind bags on here.
In my half empty pot nowt happens until it actually does happen, so I won't be getting my hopes up.
It's beginning to feel a lot like Christmas...
UTC
[/quote]
Well I have seen little to get excited about at the moment, we have heard little from the club only from the wind bags on here.
In my half empty pot nowt happens until it actually does happen, so I won't be getting my hopes up.
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Re: ALK Capital or Farnell/Elkashashy takeover
That's what we're short of. 3 players good enough to get into the first team?GodIsADeeJay81 wrote: ↑Sun Dec 13, 2020 12:55 pmThe reality is £100 million might only get you 3 top quality players.
It would see us safe, no problem.
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Re: ALK Capital or Farnell/Elkashashy takeover
[/quote]
Well I have seen little to get excited about at the moment, we have heard little from the club only from the wind bags on here.
In my half empty pot nowt happens until it actually does happen, so I won't be getting my hopes up.
[/quote]
That’s the spirit.
Well I have seen little to get excited about at the moment, we have heard little from the club only from the wind bags on here.
In my half empty pot nowt happens until it actually does happen, so I won't be getting my hopes up.
[/quote]
That’s the spirit.
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Re: ALK Capital or Farnell/Elkashashy takeover
You would think that they know what they are doing and that they see buying our football club as a good investment. That's something none of us really know anything about and won't until they've taken over and outlined their plans. They are clearly very interested in player recruitment and development but that's about it.scouseclaret wrote: ↑Sun Dec 13, 2020 12:51 pmCan’t believe anyone’s going to pay £200m for a business with no certainty over future revenues.
The £200 million I think was a figure put out by the Farnell team so there is nothing to confirm that will be the figure that ALK might pay, although it could be. What I do expect is that it would be for the purchase of the shares to give them control of the club, not to invest once they have control.
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Re: ALK Capital or Farnell/Elkashashy takeover
Maybe they see Burnley as a bit of a 'sleeping giant' and not just as a club but the town. They quite clearly see potential.
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Re: ALK Capital or Farnell/Elkashashy takeover
You won't hear anything from the club, they are currently in negotiations to sell the business. Things like that are not conducted in public. Whether your pot is empty, half empty, half full or full, those negotiations are going ahead and it is getting closer. Things can go wrong in any such transaction but I think some of us know it is far enough down the road to hope that's unlikely.Top Claret wrote: ↑Sun Dec 13, 2020 1:03 pm
Well I have seen little to get excited about at the moment, we have heard little from the club only from the wind bags on here.
In my half empty pot nowt happens until it actually does happen, so I won't be getting my hopes up.
As for wind bags, would you prefer the board to be shut down so people can't pass on the information they are able to?
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Re: ALK Capital or Farnell/Elkashashy takeover
I'll take that.ClaretTony wrote: ↑Sun Dec 13, 2020 1:22 pmWhether your pot is empty, half empty, half full or full, those negotiations are going ahead and it is getting closer.
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Re: ALK Capital or Farnell/Elkashashy takeover
There are no guarantees on anything - something could happen that would end all negotiations - but having got this far, the major shareholders are clearly keen to sell up so you would think they would be looking elsewhere if this deal did collapse.
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Re: ALK Capital or Farnell/Elkashashy takeover
Oh yes I'm aware of that. I think the delay is what's putting fear in some people's minds. They are thinking a delay means second thoughts. If they know it's perfectly normal for these things to take time then it will settle their minds a bit.ClaretTony wrote: ↑Sun Dec 13, 2020 1:26 pmThere are no guarantees on anything - something could happen that would end all negotiations - but having got this far, the major shareholders are clearly keen to sell up so you would think they would be looking elsewhere if this deal did collapse.
It will be one big relief once it's sorted.
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Re: ALK Capital or Farnell/Elkashashy takeover
Yes it is, but when a player is signed the cost for Wood for example was circa £16 million.
The club factor that outgoing amount over the duration of the contract.
The same if a manager is given a budget of £100 million, that money will be factored in for contract durations like wages are, but the average fan thinks its money for here and now, not how the club budgets for it from future earnings.
I think it was Bournemouth who went down still owing out close to £100 million in transfer fees and they'd recouped about half of that from sales to date.
That's still £50 million they're gonna have to find on a reduced budget if they don't come back up and even if they do come up they've got to make allowances for it with PL money.
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Re: ALK Capital or Farnell/Elkashashy takeover
I think I used the word delay but it was probably not the best choice of word because I'm not sure there has actually been one. I did think the deal was going to go through over a week ago, some would say it has but I'm not sure it could have been without shareholders at least being notified. Rather than delay, I just think it is the long process that is required in such a deal and the time it takes.FactualFrank wrote: ↑Sun Dec 13, 2020 1:35 pmOh yes I'm aware of that. I think the delay is what's putting fear in some people's minds. They are thinking a delay means second thoughts. If they know it's perfectly normal for these things to take time then it will settle their minds a bit.
It will be one big relief once it's sorted.
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Re: ALK Capital or Farnell/Elkashashy takeover
Is there less certainty over Burnley FC revenues than there is over Arcadia or Debenhams, to pick a couple from the "High Street?" Or, how about Rolls Royce or many of the other companies in the travel, leisure and hospitality sectors?scouseclaret wrote: ↑Sun Dec 13, 2020 12:51 pmCan’t believe anyone’s going to pay £200m for a business with no certainty over future revenues.
Or, to pick out something that is, in my view, "extremely speculative" - how about Bitcoin - something that doesn't exist except in some computer codes - and can never earn any revenue, not even interest.
In the scheme of things, £200 million for Burnley FC is a "sure thing" relative to lots of other investments.
Exciting times.
UTC
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Re: ALK Capital or Farnell/Elkashashy takeover
Is there more work that could be done at Barnfield training complex, or is it pretty much as good as it can get. Just wondering if more investment might be put in there.
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Re: ALK Capital or Farnell/Elkashashy takeover
There's a shed load of work that could go into the retail. The website looks like it was built by a beginner in HTML. It isn't user-friendly. Poor stock. 30-40 more ways, easy.
They may decide to also invest in nearby property or do a rebuild. Let's be fair, the surrounding area is a shithole.
They may decide to also invest in nearby property or do a rebuild. Let's be fair, the surrounding area is a shithole.
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Re: ALK Capital or Farnell/Elkashashy takeover
I'm sure you can always improve things and I have to say I've not visited any of the training grounds at the big clubs in the country, but what we have is absolutely brilliant. The facilities in the building are first class, although I am aware the academy have now outgrown their area, while the pitches are absolutely superb. Hard to believe when you looked at what we had just a few years ago.
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Re: ALK Capital or Farnell/Elkashashy takeover
agree FF, the website is dreadfulFactualFrank wrote: ↑Sun Dec 13, 2020 3:57 pmThere's a shed load of work that could go into the retail. The website looks like it was built by a beginner in HTML. It isn't user-friendly. Poor stock. 30-40 more ways, easy.
They may decide to also invest in nearby property or do a rebuild. Let's be fair, the surrounding area is a shithole.
Re: ALK Capital or Farnell/Elkashashy takeover
Agree, it looks magnificent....but as you allude to...is the infrastructure their to suit the Academy status we now have.
Re: ALK Capital or Farnell/Elkashashy takeover
How disrespectful is this, I like many other posters on here live near turf moor, and it’s not how you have described it at allFactualFrank wrote: ↑Sun Dec 13, 2020 3:57 pmThere's a shed load of work that could go into the retail. The website looks like it was built by a beginner in HTML. It isn't user-friendly. Poor stock. 30-40 more ways, easy.
They may decide to also invest in nearby property or do a rebuild. Let's be fair, the surrounding area is a shithole.
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Re: ALK Capital or Farnell/Elkashashy takeover
If you had bought 1 million bitcoin in 2010, you would now have over £200 billion.Paul Waine wrote: ↑Sun Dec 13, 2020 3:29 pmIs there less certainty over Burnley FC revenues than there is over Arcadia or Debenhams, to pick a couple from the "High Street?" Or, how about Rolls Royce or many of the other companies in the travel, leisure and hospitality sectors?
Or, to pick out something that is, in my view, "extremely speculative" - how about Bitcoin - something that doesn't exist except in some computer codes - and can never earn any revenue, not even interest.
In the scheme of things, £200 million for Burnley FC is a "sure thing" relative to lots of other investments.
Exciting times.
UTC
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Re: ALK Capital or Farnell/Elkashashy takeover
I lived in Burnley for over 30 years. I know how run down the area around Turf Moor is. There's no getting away from that, and if they take over the club they might want to improve the local housing. It looks like a league 2 club from the outside.
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Re: ALK Capital or Farnell/Elkashashy takeover
The turf does need improving I agree, but I live on Brunshaw road and it’s definitely not run down, anyway let’s keep to the takeover talkFactualFrank wrote: ↑Sun Dec 13, 2020 4:49 pmI lived in Burnley for over 30 years. I know how run down the area around Turf Moor is. There's no getting away from that, and if they take over the club they might want to improve the local housing. It looks like a league 2 club from the outside.
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Re: ALK Capital or Farnell/Elkashashy takeover
Has anyone looked at the housing around Anfield or The Etihad or Goodison of late ?