ALK Capital or Farnell/Elkashashy takeover
Re: ALK Capital or Farnell/Elkashashy takeover
Fingers crossed it is coming to completion, even more things crossed that it is beneficial to the club and we look back at this period as when we built on the amazing achievements we have had whilst being owned since our founding by Clarets.
This user liked this post: NewClaret
-
- Posts: 5793
- Joined: Sun Jan 24, 2016 10:52 am
- Been Liked: 1884 times
- Has Liked: 841 times
Re: ALK Capital or Farnell/Elkashashy takeover
Possibly completed before Christmas?ClaretTony wrote: ↑Thu Dec 17, 2020 10:16 pmI know Simon well and he won't bullshit Burnley fans with stuff.
-
- Posts: 2597
- Joined: Thu Jan 21, 2016 10:18 pm
- Been Liked: 674 times
- Has Liked: 244 times
Re: ALK Capital or Farnell/Elkashashy takeover
That wasn’t aimed at you, Tony btw
Just read it back and realised how it sounded!
-
- Posts: 7177
- Joined: Thu Jan 21, 2016 8:33 pm
- Been Liked: 3604 times
- Has Liked: 1032 times
- Location: Chesterfield
Re: ALK Capital or Farnell/Elkashashy takeover
Great news Tony if so, would be a lovely Christmas present if the club could confirm it next week.ClaretTony wrote: ↑Thu Dec 17, 2020 10:07 pmI don't think there will to be honest although there will be funds available.
I believe the problems that caused the delay could well have been resolved and that could mean we are potentially back on track for a deal to be completed, even possibly next week. I'll try and find more tomorrow.
-
- Posts: 67895
- Joined: Thu Dec 24, 2015 3:07 pm
- Been Liked: 32545 times
- Has Liked: 5279 times
- Location: Burnley
- Contact:
Re: ALK Capital or Farnell/Elkashashy takeover
Checketts was the bloke who was with Pace trying to buy Sheffield United. He was mentioned with Simon's first release back in September and I see he's been mentioned. He's not expected to be involved although if this goes through I expect Pace to be the man running the place and making the decisions.
This user liked this post: NewClaret
-
- Posts: 6904
- Joined: Mon Mar 07, 2016 5:04 pm
- Been Liked: 2758 times
- Has Liked: 4325 times
Re: ALK Capital or Farnell/Elkashashy takeover
Cheers Tony, he's certainly a name that has been around American Sports for some time
-
- Posts: 67895
- Joined: Thu Dec 24, 2015 3:07 pm
- Been Liked: 32545 times
- Has Liked: 5279 times
- Location: Burnley
- Contact:
Re: ALK Capital or Farnell/Elkashashy takeover
Have to admit it didn't mean anything to me until the news came out in September and I've not had too much chance to get too much info on them because I was busy on the other side of the fence finding out all the stuff on Farnell.randomclaret2 wrote: ↑Thu Dec 17, 2020 10:29 pmCheers Tony, he's certainly a name that has been around American Sports for some time
-
- Posts: 2679
- Joined: Thu Jan 21, 2016 10:07 pm
- Been Liked: 781 times
- Has Liked: 1435 times
- Location: Mostly Europe
Re: ALK Capital or Farnell/Elkashashy takeover
With the Tarks situation, I will be delighted if we have a positive net spend in January.
-
- Posts: 13510
- Joined: Tue Dec 31, 2019 9:51 am
- Been Liked: 3114 times
- Has Liked: 3833 times
Re: ALK Capital or Farnell/Elkashashy takeover
If it comes from Reuters, it’s as solid as a club statement in my view! Exciting times, as Paul would say...
This user liked this post: Paul Waine
-
- Posts: 4970
- Joined: Fri Jan 22, 2016 6:04 pm
- Been Liked: 1007 times
- Has Liked: 725 times
Re: ALK Capital or Farnell/Elkashashy takeover
These 2 users liked this post: Paul Waine FactualFrank
-
- Posts: 13510
- Joined: Tue Dec 31, 2019 9:51 am
- Been Liked: 3114 times
- Has Liked: 3833 times
Re: ALK Capital or Farnell/Elkashashy takeover
Seems that this Checketts chap may have some helpful commercial and marketing contacts though?ClaretTony wrote: ↑Thu Dec 17, 2020 10:27 pmChecketts was the bloke who was with Pace trying to buy Sheffield United. He was mentioned with Simon's first release back in September and I see he's been mentioned. He's not expected to be involved although if this goes through I expect Pace to be the man running the place and making the decisions.
-
- Posts: 13510
- Joined: Tue Dec 31, 2019 9:51 am
- Been Liked: 3114 times
- Has Liked: 3833 times
Re: ALK Capital or Farnell/Elkashashy takeover
Let’s hope so. Will be wonderful to look back on this period and the current Board’s tenure as the period they built the foundations for us to go to the next level.
Will feel more confident if/when we find out who is backing ALK. Imagine the meltdown on here if it’s Trump
This user liked this post: Paul Waine
-
- Posts: 9905
- Joined: Fri Jan 22, 2016 2:28 pm
- Been Liked: 2351 times
- Has Liked: 3181 times
Re: ALK Capital or Farnell/Elkashashy takeover
Reuters has told us a little more than either the Burnley Express or BBC articles in the past 24 hours. It fits with my earlier post that ALK had put out a press release - and resulting in reports from interested media. Reuters is the most considered, probably because Reuters is read by financial users, so (I'd expect) them to have higher editorial standards.
On the other hand, the Reuters report isn't quite as "solid" as a statement by ALK and/or Mike Garlick/BFC board. There's nothing in the Reuters report that quotes Alan Pace (or other ALK spokesperson) or Mike Garlick...
Yes, I'm inclined to say "Exciting times" again.
I've no idea how many times I've used that phrase on this thread. I'd hope I'm in double figures already.
Be great if "completion" of the takeover is announced next week or any time in the week leading up to New Year.
UTC
-
- Posts: 9905
- Joined: Fri Jan 22, 2016 2:28 pm
- Been Liked: 2351 times
- Has Liked: 3181 times
Re: ALK Capital or Farnell/Elkashashy takeover
For the record, my "like" is for your statement re the current Board and building the foundations where we support a Premier League club and one that is worth (someone) spending £200 million (assuming that is the figure agreed) to become the new owners of the club.NewClaret wrote: ↑Thu Dec 17, 2020 11:01 pmLet’s hope so. Will be wonderful to look back on this period and the current Board’s tenure as the period they built the foundations for us to go to the next level.
Will feel more confident if/when we find out who is backing ALK. Imagine the meltdown on here if it’s Trump
Yes, it will be interesting to know for sure who/what is behind ALK.
No, I wouldn't "like" it if our new owner was a certain D Trump - and, it wouldn't be "exciting times" if it was anybody like that.
UTC
This user liked this post: mkmel
-
- Posts: 1360
- Joined: Mon Jun 06, 2016 9:56 pm
- Been Liked: 225 times
- Has Liked: 248 times
Re: ALK Capital or Farnell/Elkashashy takeover
Just imagine if Garlick over takes this slow on the motorway, would be carnage
Re: ALK Capital or Farnell/Elkashashy takeover
I would think any progress would be announced on the ALK Capital website, there is a contact telephone number on there, who’s going to ring them and ask when?
Re: ALK Capital or Farnell/Elkashashy takeover
Can somebody link the latest Reuters article please?
-
- Posts: 4970
- Joined: Fri Jan 22, 2016 6:04 pm
- Been Liked: 1007 times
- Has Liked: 725 times
Re: ALK Capital or Farnell/Elkashashy takeover
I cannot see the Premier league giving the go ahead for the deal in less than a week
Unless they already have some of the information and are just waiting for the final bit.
Unless they already have some of the information and are just waiting for the final bit.
-
- Posts: 414
- Joined: Thu Jan 21, 2016 8:52 pm
- Been Liked: 148 times
- Has Liked: 23 times
- Location: Leyland
Re: ALK Capital or Farnell/Elkashashy takeover
That is what Chris Borden’s article said:
“But the Premier League are expected to give their blessing, having reviewed most of ALK’s application, and are currently awaiting a few final legal documents from ALK and Burnley.”
If true it may be 90% approved and not unrealistic that it could move forward quickly once we reach an agreement with ALK.
Feels like this has got to be the moment for the deal to be done: for both parties. Thankfully the hard deadline of the transfer window should focus hearts & minds.
“But the Premier League are expected to give their blessing, having reviewed most of ALK’s application, and are currently awaiting a few final legal documents from ALK and Burnley.”
If true it may be 90% approved and not unrealistic that it could move forward quickly once we reach an agreement with ALK.
Feels like this has got to be the moment for the deal to be done: for both parties. Thankfully the hard deadline of the transfer window should focus hearts & minds.
Re: ALK Capital or Farnell/Elkashashy takeover
In which case they may get it done, the other article doesn't suggest its gone that far with the leagueFather Jack wrote: ↑Fri Dec 18, 2020 6:34 amThat is what Chris Borden’s article said:
“But the Premier League are expected to give their blessing, having reviewed most of ALK’s application, and are currently awaiting a few final legal documents from ALK and Burnley.”
If true it may be 90% approved and not unrealistic that it could move forward quickly once we reach an agreement with ALK.
Feels like this has got to be the moment for the deal to be done: for both parties. Thankfully the hard deadline of the transfer window should focus hearts & minds.
Re: ALK Capital or Farnell/Elkashashy takeover
The Reuters article was updated slightly last night
https://uk.mobile.reuters.com/article/a ... ssion=true
https://uk.mobile.reuters.com/article/a ... ssion=true
Re: ALK Capital or Farnell/Elkashashy takeover
I feel a Christmas song coming on..... 'It's on and off and on again.....'
-
- Posts: 9905
- Joined: Fri Jan 22, 2016 2:28 pm
- Been Liked: 2351 times
- Has Liked: 3181 times
Re: ALK Capital or Farnell/Elkashashy takeover
American investors hope to buy Burnley before transfer window
THU DEC 17, 2020 / 11:29 PM GMT
Simon Evans
MANCHESTER, England (Reuters) - American investors ALK Capital are aiming to complete their purchase of Premier League club Burnley in time to strengthen the Lancashire club's squad during the January transfer window, a source close to the bid told Reuters on Thursday.
Burnley moved out of the bottom three with a goalless draw at Aston Villa on Thursday, following up their 1-0 away win at Arsenal on Sunday with another clean sheet and extending their unbeaten run to three games.
Talks between the U.S group, led by former Wall Street banker Alan Pace and Burnley's board, headed by majority shareholder Mike Garlick have intensified in recent weeks with just a few details remaining to be settled before a full submission to the Premier League for authorisation of the takeover, the source said.
The Americans are hoping to get the deal wrapped up before Christmas but are ultimately keen to be in place at Turf Moor in order to invest in the squad in the one month long transfer period.
The investors have been informed of Burnley's specific needs in the transfer market and with Pace expected to take a hands-on role, they believe the club can be quickly effective in the market.
Garlick, who has been at the helm of the club throughout their five straight seasons in the top flight, could stay on at Turf Moor in some capacity to support the new owners although the precise form any involvement has not been finalised.
Manager Sean Dyche has lamented the club's lack of resources to spend on his squad and while he has expressed faith in his current crop, he said before the Villa game that new arrivals would be helpful.
"Is it helpful to have a deeper squad? Yes, it is, the demands are higher than six or seven years ago. The physical demands are higher," he said.
"We have been unfortunate with the amount of injuries and I would hope and suggest that statistically that is unlikely to continue all season but you never know and we have to be ready for that if it does," he said.
Pace was president of Major League Soccer club Real Salt Lake and has recently brought football scouting and recruitment technology products AiScout and Player Lens to the British market.
Last year Pace and American sports executive Dave Checketts were involved in an unsuccessful attempt to purchase Premier League club Sheffield United.
Checketts, who was owner of Real Salt Lake and president of the NBA’s Utah Jazz and New York Knicks, is not understood to be directly involved in this bid but is believed to be working as an advisor.
Burnley have been tight-lipped about the discussions but last month confirmed they were in talks.
"The club’s ownership remain in discussions with interested parties regarding future investment in the club," they said in a statement.
(Reporting by Simon Evans, editing by Pritha Sarkar)
THU DEC 17, 2020 / 11:29 PM GMT
Simon Evans
MANCHESTER, England (Reuters) - American investors ALK Capital are aiming to complete their purchase of Premier League club Burnley in time to strengthen the Lancashire club's squad during the January transfer window, a source close to the bid told Reuters on Thursday.
Burnley moved out of the bottom three with a goalless draw at Aston Villa on Thursday, following up their 1-0 away win at Arsenal on Sunday with another clean sheet and extending their unbeaten run to three games.
Talks between the U.S group, led by former Wall Street banker Alan Pace and Burnley's board, headed by majority shareholder Mike Garlick have intensified in recent weeks with just a few details remaining to be settled before a full submission to the Premier League for authorisation of the takeover, the source said.
The Americans are hoping to get the deal wrapped up before Christmas but are ultimately keen to be in place at Turf Moor in order to invest in the squad in the one month long transfer period.
The investors have been informed of Burnley's specific needs in the transfer market and with Pace expected to take a hands-on role, they believe the club can be quickly effective in the market.
Garlick, who has been at the helm of the club throughout their five straight seasons in the top flight, could stay on at Turf Moor in some capacity to support the new owners although the precise form any involvement has not been finalised.
Manager Sean Dyche has lamented the club's lack of resources to spend on his squad and while he has expressed faith in his current crop, he said before the Villa game that new arrivals would be helpful.
"Is it helpful to have a deeper squad? Yes, it is, the demands are higher than six or seven years ago. The physical demands are higher," he said.
"We have been unfortunate with the amount of injuries and I would hope and suggest that statistically that is unlikely to continue all season but you never know and we have to be ready for that if it does," he said.
Pace was president of Major League Soccer club Real Salt Lake and has recently brought football scouting and recruitment technology products AiScout and Player Lens to the British market.
Last year Pace and American sports executive Dave Checketts were involved in an unsuccessful attempt to purchase Premier League club Sheffield United.
Checketts, who was owner of Real Salt Lake and president of the NBA’s Utah Jazz and New York Knicks, is not understood to be directly involved in this bid but is believed to be working as an advisor.
Burnley have been tight-lipped about the discussions but last month confirmed they were in talks.
"The club’s ownership remain in discussions with interested parties regarding future investment in the club," they said in a statement.
(Reporting by Simon Evans, editing by Pritha Sarkar)
-
- Posts: 9905
- Joined: Fri Jan 22, 2016 2:28 pm
- Been Liked: 2351 times
- Has Liked: 3181 times
Re: ALK Capital or Farnell/Elkashashy takeover
Burnley: American investors hoping to complete takeover before January transfer windowClaretAL wrote: ↑Fri Dec 18, 2020 10:15 amArticle from the Independent
https://www.independent.co.uk/sport/foo ... 76010.html
ALK Capital want to strengthen the Clarets’ squad after a poor start to the season
American investors ALK Capital are aiming to complete their purchase of Premier League club Burnley in time to strengthen the Lancashire club's squad during the January transfer window, a source close to the bid told Reuters on Thursday.
Burnley moved out of the bottom three with a goalless draw at Aston Villa on Thursday, following up their 1-0 away win at Arsenal on Sunday with another clean sheet and extending their unbeaten run to three games.
Talks between the US group, led by former Wall Street banker Alan Pace and Burnley's board, headed by majority shareholder Mike Garlick have intensified in recent weeks with just a few details remaining to be settled before a full submission to the Premier League for authorisation of the takeover, the source said.
The Americans are hoping to get the deal wrapped up before Christmas but are ultimately keen to be in place at Turf Moor in order to invest in the squad in the one month long transfer period.
The investors have been informed of Burnley's specific needs in the transfer market and with Pace expected to take a hands-on role, they believe the club can be quickly effective in the market.
Garlick, who has been at the helm of the club throughout their five straight seasons in the top flight, could stay on at Turf Moor in some capacity to support the new owners although the precise form any involvement has not been finalised.
-
- Posts: 67895
- Joined: Thu Dec 24, 2015 3:07 pm
- Been Liked: 32545 times
- Has Liked: 5279 times
- Location: Burnley
- Contact:
Re: ALK Capital or Farnell/Elkashashy takeover
The Reuters article is, I believe, very accurate and I am certain Simon would not have written it without some good information from key people.
For what it's worth, I believe things have progressed very quickly in the las week and I think this could be coming to a conclusion very soon.
For what it's worth, I believe things have progressed very quickly in the las week and I think this could be coming to a conclusion very soon.
These 10 users liked this post: ClaretAL randomclaret2 mill hill claret onewillieirvine mkmel Steddyman longsidepies Paul Waine Vegas Claret mybloodisclaret
-
- Posts: 6904
- Joined: Mon Mar 07, 2016 5:04 pm
- Been Liked: 2758 times
- Has Liked: 4325 times
Re: ALK Capital or Farnell/Elkashashy takeover
Great news Tony...have the problems that caused delay been resolved as far as you are aware ?ClaretTony wrote: ↑Fri Dec 18, 2020 1:56 pmThe Reuters article is, I believe, very accurate and I am certain Simon would not have written it without some good information from key people.
For what it's worth, I believe things have progressed very quickly in the las week and I think this could be coming to a conclusion very soon.
Last edited by randomclaret2 on Fri Dec 18, 2020 2:09 pm, edited 1 time in total.
-
- Posts: 5092
- Joined: Mon Jan 25, 2016 11:15 am
- Been Liked: 1181 times
- Has Liked: 637 times
- Location: Tibet
Re: ALK Capital or Farnell/Elkashashy takeover
Jusy waiting on two words
DONE DEAL
DONE DEAL
This user liked this post: FactualFrank
-
- Posts: 67895
- Joined: Thu Dec 24, 2015 3:07 pm
- Been Liked: 32545 times
- Has Liked: 5279 times
- Location: Burnley
- Contact:
Re: ALK Capital or Farnell/Elkashashy takeover
Looking that wayrandomclaret2 wrote: ↑Fri Dec 18, 2020 1:58 pmGreat news Tony...have the problems that caused delay been resolved as far as you are aware ?
-
- Posts: 6904
- Joined: Mon Mar 07, 2016 5:04 pm
- Been Liked: 2758 times
- Has Liked: 4325 times
Re: ALK Capital or Farnell/Elkashashy takeover
Cheers Tony
-
- Posts: 3959
- Joined: Sun Jan 17, 2016 6:18 pm
- Been Liked: 1774 times
- Has Liked: 470 times
Re: ALK Capital or Farnell/Elkashashy takeover
So in the last week or so we have been told by various people that:
The deal has been signed
No deal has been signed
It is imminent
Nothing will be signed until after the New Year
There are problems holding up the deal
There are no problems with the deal
And all points in between.
Someone will eventually be right, question is which one........
The deal has been signed
No deal has been signed
It is imminent
Nothing will be signed until after the New Year
There are problems holding up the deal
There are no problems with the deal
And all points in between.
Someone will eventually be right, question is which one........
-
- Posts: 67895
- Joined: Thu Dec 24, 2015 3:07 pm
- Been Liked: 32545 times
- Has Liked: 5279 times
- Location: Burnley
- Contact:
Re: ALK Capital or Farnell/Elkashashy takeover
People who have posted their thoughts have done so believing them to be the case at the time, as I did last week when I suggested there had been a delay and when I did last night and today to suggest things were moving quickly. It's not about being right or wrong, it's about commenting on what you can comment on at the time.Herts Clarets wrote: ↑Fri Dec 18, 2020 2:25 pmSo in the last week or so we have been told by various people that:
The deal has been signed
No deal has been signed
It is imminent
Nothing will be signed until after the New Year
There are problems holding up the deal
There are no problems with the deal
And all points in between.
Someone will eventually be right, question is which one........
These 4 users liked this post: Zlatan bfcjg Paul Waine mybloodisclaret
Re: ALK Capital or Farnell/Elkashashy takeover
Why does it matter who is correct? I’m sure DJW and CT are both correct in their own way. DJW broke the takeover news before anyone else and CT seems closer to the announcement date. Personally I don’t care who is correct, providing one of them is and the takeover gets completed.Herts Clarets wrote: ↑Fri Dec 18, 2020 2:25 pmSo in the last week or so we have been told by various people that:
The deal has been signed
No deal has been signed
It is imminent
Nothing will be signed until after the New Year
There are problems holding up the deal
There are no problems with the deal
And all points in between.
Someone will eventually be right, question is which one........
This user liked this post: Dazzler
-
- Posts: 2597
- Joined: Thu Jan 21, 2016 10:18 pm
- Been Liked: 674 times
- Has Liked: 244 times
Re: ALK Capital or Farnell/Elkashashy takeover
Is this something you will be able to elaborate on when the deal has been completed? Just out of interest as to what the sticking points were.
Re: ALK Capital or Farnell/Elkashashy takeover
Without trawling through all the posts relating to the takeover, looking for possible answers. Could anyone say what affect a takeover would have on a shareholders ownership?. Also would there likely be an increase in the value of each share, if the takeover values Burnley Football Club at £200m. Finally would a shareholder have a say in whether they could keep a shareholding, after a takeover, or it's a decision decided by the new owners.
-
- Posts: 617
- Joined: Thu Jan 21, 2016 9:57 am
- Been Liked: 205 times
- Has Liked: 726 times
Re: ALK Capital or Farnell/Elkashashy takeover
Correct ..KRBFC wrote: ↑Fri Dec 18, 2020 2:30 pmWhy does it matter who is correct? I’m sure DJW and CT are both correct in their own way. DJW broke the takeover news before anyone else and CT seems closer to the announcement date. Personally I don’t care who is correct, providing one of them is and the takeover gets completed.
-
- Posts: 67895
- Joined: Thu Dec 24, 2015 3:07 pm
- Been Liked: 32545 times
- Has Liked: 5279 times
- Location: Burnley
- Contact:
Re: ALK Capital or Farnell/Elkashashy takeover
There are things I know and things I think I know, there are also things I don't know too. I'll say what I can which has always been the case.Jakubs Tash wrote: ↑Fri Dec 18, 2020 2:33 pmIs this something you will be able to elaborate on when the deal has been completed? Just out of interest as to what the sticking points were.
This user liked this post: Paul Waine
-
- Posts: 2597
- Joined: Thu Jan 21, 2016 10:18 pm
- Been Liked: 674 times
- Has Liked: 244 times
Re: ALK Capital or Farnell/Elkashashy takeover
Agreed. There are far too many posters on here a bit too quick with their sarcastic comments and calling people out when some posters are trying to pass on information as best they can as they feel it's the right thing to do. Quite a few need to grow up....and we all know who they are.KRBFC wrote: ↑Fri Dec 18, 2020 2:30 pmWhy does it matter who is correct? I’m sure DJW and CT are both correct in their own way. DJW broke the takeover news before anyone else and CT seems closer to the announcement date. Personally I don’t care who is correct, providing one of them is and the takeover gets completed.
This user liked this post: Dazzler
-
- Posts: 67895
- Joined: Thu Dec 24, 2015 3:07 pm
- Been Liked: 32545 times
- Has Liked: 5279 times
- Location: Burnley
- Contact:
Re: ALK Capital or Farnell/Elkashashy takeover
I've no idea how it will affect shareholders. I think being in the Premier League has increased the value of my shares for what it's worth but I don't think any of us can say how this will affect us, I've not had any notification as a shareholder. But as I've said previously, they might just be buying Garlick's shares and one other directors and that would take them over 50%.Bfc wrote: ↑Fri Dec 18, 2020 2:35 pmWithout trawling through all the posts relating to the takeover, looking for possible answers. Could anyone say what affect a takeover would have on a shareholders ownership?. Also would there likely be an increase in the value of each share, if the takeover values Burnley Football Club at £200m. Finally would a shareholder have a say in whether they could keep a shareholding, after a takeover, or it's a decision decided by the new owners.
-
- Posts: 2597
- Joined: Thu Jan 21, 2016 10:18 pm
- Been Liked: 674 times
- Has Liked: 244 times
Re: ALK Capital or Farnell/Elkashashy takeover
Do yo know or think you know what the sticking points have been?ClaretTony wrote: ↑Fri Dec 18, 2020 2:35 pmThere are things I know and things I think I know, there are also things I don't know too. I'll say what I can which has always been the case.
-
- Posts: 67895
- Joined: Thu Dec 24, 2015 3:07 pm
- Been Liked: 32545 times
- Has Liked: 5279 times
- Location: Burnley
- Contact:
Re: ALK Capital or Farnell/Elkashashy takeover
How to ask a question in a different way when you don't get an answer. I'm fairly confident I do but I'm not certain so wouldn't wish to comment.Jakubs Tash wrote: ↑Fri Dec 18, 2020 2:45 pmDo yo know or think you know what the sticking points have been?
These 2 users liked this post: FactualFrank ClaretAL
-
- Posts: 5793
- Joined: Sun Jan 24, 2016 10:52 am
- Been Liked: 1884 times
- Has Liked: 841 times
Re: ALK Capital or Farnell/Elkashashy takeover
Sounding promising in regards to completing before January. Hopefully exciting times ahead going to be interesting to hear their plans for the club.
-
- Posts: 25445
- Joined: Sat Mar 26, 2016 12:46 am
- Been Liked: 6930 times
- Has Liked: 11660 times
- Location: Leeds
Re: ALK Capital or Farnell/Elkashashy takeover
Hopefully exciting times ahead at our happy place.Steve-Harpers-perm wrote: ↑Fri Dec 18, 2020 2:56 pmSounding promising in regards to completing before January. Hopefully exciting times ahead going to be interesting to hear their plans for the club.
-
- Posts: 677
- Joined: Thu Jan 21, 2016 11:31 am
- Been Liked: 192 times
- Has Liked: 694 times
- Location: Nottingham
Re: ALK Capital or Farnell/Elkashashy takeover
I'd be surprised if it was just Garlick plus one other shareholders shares (although I guess that could happen). Usual practice - at least for PLCs (and I know Burnley FC isn't a PLC) - is that the directors are made an offer and then make a recommendation to all shareholders on whether to accept that offer or not. I would have thought once a deal, here with ALK has been negotiated, the rest of us would be informed of the offer for our shares - I have one whole share - with a recommendation to accept the offer.....and then we'd vote on it.ClaretTony wrote: ↑Fri Dec 18, 2020 2:37 pmI've no idea how it will affect shareholders. I think being in the Premier League has increased the value of my shares for what it's worth but I don't think any of us can say how this will affect us, I've not had any notification as a shareholder. But as I've said previously, they might just be buying Garlick's shares and one other directors and that would take them over 50%.
I believe if a certain percentage of shareholders accept the offer (and I think that's around 75-80% - can't remember) then the buyers have the right to buy everyone's shares. As I say, that's roughly how I think it works for PLCs.
If I'm wrong (and I'm probably wrong in various aspects) I'm sure those more knowledgeable than me will put me right.
As Paul Waine says 'exciting times'!
PS Thanks, again, to CT for the updates. Looks like this thing is finally coming to (hopefully) a positive end
-
- Posts: 2597
- Joined: Thu Jan 21, 2016 10:18 pm
- Been Liked: 674 times
- Has Liked: 244 times
Re: ALK Capital or Farnell/Elkashashy takeover
Haha! I asked it in a slightly different way as you didn't really answer the original question. I am genuinely interested as to what the sticking points/issues have been.ClaretTony wrote: ↑Fri Dec 18, 2020 2:53 pmHow to ask a question in a different way when you don't get an answer. I'm fairly confident I do but I'm not certain so wouldn't wish to comment.
However, from that response, I shall deduce that you won't be willing to divulge what the sticking points were.
This user liked this post: ClaretTony
-
- Posts: 13267
- Joined: Wed Jan 20, 2016 11:00 pm
- Been Liked: 5102 times
- Has Liked: 5174 times
- Location: Montpellier, France
Re: ALK Capital or Farnell/Elkashashy takeover
Please excuse a touch of frippery on this thread...
This saga and the Brexit negotiations have brought the concept of "soft deadlines" and "hard deadlines" into public prominence and it brought to mind a quote from the writer Douglas Adams who is most famous for pennning "The Hitch-hikers Guide to the Galaxy"
This saga and the Brexit negotiations have brought the concept of "soft deadlines" and "hard deadlines" into public prominence and it brought to mind a quote from the writer Douglas Adams who is most famous for pennning "The Hitch-hikers Guide to the Galaxy"
Hope this brings a smile to a few faces out there.Douglas Adams wrote:I love deadlines. I love the whooshing sound they make as they go by."
These 3 users liked this post: Zlatan Goddy Juan Tanamera
-
- Posts: 67895
- Joined: Thu Dec 24, 2015 3:07 pm
- Been Liked: 32545 times
- Has Liked: 5279 times
- Location: Burnley
- Contact:
Re: ALK Capital or Farnell/Elkashashy takeover
Me too - was just a hypothetical example - all I know is that there has been no approach for my shares
This user liked this post: Goddy
-
- Posts: 8996
- Joined: Thu Jan 21, 2016 9:57 am
- Been Liked: 2013 times
- Has Liked: 2913 times
Re: ALK Capital or Farnell/Elkashashy takeover
How do you expect Tony to answer JT? At no point has CT inferred that he knew what the hold up was, which suggests he is not privy to that information. Not being funny but CT is a fan, not an employee, he’s as desperate as anyone for answers that are as yet not forthcoming.Jakubs Tash wrote: ↑Fri Dec 18, 2020 3:23 pmHaha! I asked it in a slightly different way as you didn't really answer the original question. I am genuinely interested as to what the sticking points/issues have been.
However, from that response, I shall deduce that you won't be willing to divulge what the sticking points were.
Re: ALK Capital or Farnell/Elkashashy takeover
The Reuters article stated " just a few details remaining to be settled before a full submission to the Premier League for authorisation of the takeover" but does it really matter? Just be happy positive moves are happening and seems to be close to being done