ALK Capital or Farnell/Elkashashy takeover

ewanrob · Post by **ewanrob** » Wed Oct 28, 2020 10:51 pm

Herts Clarets wrote: ↑
Wed Oct 28, 2020 10:43 pm
He reported that contracts had been exchanged and only PL fit and proper test to pass now. He appears to know as little or indeed less than a couple of posters on this board

Reported what he was told...contracts exchanged...does that mean signed, don't ask me !

MRG · Post by **MRG** » Wed Oct 28, 2020 10:52 pm

Danieljwaterhouse wrote: ↑
Wed Oct 28, 2020 10:49 pm
This is no surprise and has been covered in the pages before, at length. This deal came in when the ALK deal hit the headlines.

You thinking ALK are finished? It’s not what I’m hearing but your info has been spot on so far

Chester Perry · Post by **Chester Perry** » Wed Oct 28, 2020 10:52 pm

Wokingclaret wrote: ↑
Wed Oct 28, 2020 10:48 pm
At the point our late Director loaned money so that we could go to Wembley

Derby's owner has loaned out significantly more and been to Wembley (twice I think) not worked out for him very well (there are many, many similar stories) - the Flood punt is one of the great unicorns - worked first go - then all collapsed quickly when his risk taking came back to haunt him.

Vino blanco · Post by **Vino blanco** » Wed Oct 28, 2020 10:53 pm

Perhaps they are going to move the Turf to Kettering so it's easier for Sean to manage the club.

Wile E Coyote · Post by **Wile E Coyote** » Wed Oct 28, 2020 10:54 pm

sick of hearing "Boden" mentioned, everytime the paying public need a clue as to what's going on at our club.

CrosspoolClarets · Post by **CrosspoolClarets** » Wed Oct 28, 2020 10:54 pm

Observations:

1. Not too worried about asset stripping - the only assets worth stripping are the players and they could sit out their contracts and leave on a free, so it wouldn’t make business sense given this is a mooted £200m takeover. There may be cash in the bank but that would be dwarfed by the purchase price too.

2. We know that Dyche has fallen out with MG. We assume this is due to transfers, but there may be a different reason?

3. Just read an interview with the Egyptian and had a look at his CV and interests. Not seeing much to suggest that BFC would be a labour of love, instinctively I’d much prefer Alan Pace’s mob. The lawyer is another big concern given his past history. May be wrong about both of course.

4. The value of clubs is going down fast currently, I suspect MG won’t want to dilly dally, I’m sure he is stressing a bit over it but I suspect speed is a key factor, the long term future of the club being a secondary factor. That worries me if, as I read today in The Athletic, the Americans maybe struggling to raise the cash.

On the plus side, I’ve got about 25 years of golf left in me, could be a real chance to get the handicap down on Saturdays. I may jest, but for those of us who live away, if we stop going the club won’t just lose us, it will almost certainly lose every future generation of our families. That’s not the recipe for long term sustainability.

JohnDearyMe · Post by **JohnDearyMe** » Wed Oct 28, 2020 10:55 pm

Rileybobs wrote: ↑
Wed Oct 28, 2020 10:40 pm
Whilst I’m very concerned about what I’m hearing - if Mike Rigg was to join another club there’d be a hell of a lot of Burnley fans telling supporters of the other club how bad he is at his job. Despite not having a very good understanding of what his role actually is.

That’s why I’m taking some of these comments with a pinch of salt. I don’t think any of us had heard of this bloke 6 hours ago.

If it was only just a few Charlton fans ringing the alarm bells I'd have some sympathy for that viewpoint

Paul Waine · Post by **Paul Waine** » Wed Oct 28, 2020 10:58 pm

Chester Perry wrote: ↑
Wed Oct 28, 2020 10:48 pm
Interesting (and a little bit weird) that they are using Dyche's home town name as a company vehicle

Hmm, I'd not quite made that link. It all makes sense to me now, though. Calder Vale and Kettering - our mystery investor is Sean Dyche himself and the reason that relations have been a little tense with Mike G this past few weeks is that Mr G has been playing tough on the negotiation of the selling price.

Either that, or ALK know that they need to demonstrate that they have Sean Dyche on board (Kettering) as well as the history of Burnley FC (Calder Vale).

You've got to love ALK if there is any logic to these names. Pinsents in Leeds are their lawyers. I worked with a couple of lawyers from there many a couple of times - good people (though they weren't sports lawyers).

Paul Waine · Post by **Paul Waine** » Wed Oct 28, 2020 11:04 pm

Herts Clarets wrote: ↑
Wed Oct 28, 2020 10:43 pm
He reported that contracts had been exchanged and only PL fit and proper test to pass now. He appears to know as little or indeed less than a couple of posters on this board

I posted a couple of days ago - now several pages back - on this thread about a little personal "cautionary tale." The firm I was working for thought we'd concluded an agreement with another firm after several months of negotiations. Our team went to their offices with the final version of the signed contract - all that was missing was the other firm's signatures - they'd already agreed and confirmed every single word, maybe 150 pages in total. Our team were surprised and disappointed when they arrived and were informed the other firm had entered into a different contract with a competitor of ours.

The deal isn't done until both parties have signed and all conditions precedent have been fulfilled.

ClaretTony · Post by **ClaretTony** » Wed Oct 28, 2020 11:04 pm

Rileybobs wrote: ↑
Wed Oct 28, 2020 10:40 pm
Whilst I’m very concerned about what I’m hearing - if Mike Rigg was to join another club there’d be a hell of a lot of Burnley fans telling supporters of the other club how bad he is at his job. Despite not having a very good understanding of what his role actually is.

That’s why I’m taking some of these comments with a pinch of salt. I don’t think any of us had heard of this bloke 6 hours ago.

I’d heard of them. As soon as I saw their names I was on to people who have been involved with them.

Wile E Coyote · Post by **Wile E Coyote** » Wed Oct 28, 2020 11:05 pm

Christ ! my dad would be turning in his grave if he knew how things are going down Brunshaw road.

Vegas Claret · Post by **Vegas Claret** » Wed Oct 28, 2020 11:07 pm

ClaretTony wrote: ↑
Wed Oct 28, 2020 11:04 pm
I’d heard of them. As soon as I saw their names I was on to people who have been involved with them.

shudder is the word that springs to mind with these guys

ewanrob · Post by **ewanrob** » Wed Oct 28, 2020 11:08 pm

Wile E Coyote wrote: ↑
Wed Oct 28, 2020 10:54 pm
sick of hearing "Boden" mentioned, everytime the paying public need a clue as to what's going on at our club.

He's a journo, no doubt with a "deep throat" type insider giving him info. He chose not to let this info out in September , just a lad doing his job to the best of his capabilities....cut him some slack.

arise_sir_charge · Post by **arise_sir_charge** » Wed Oct 28, 2020 11:09 pm

All these people saying stuff like “I can’t see Barry Kilby letting this happen” and calling the until recently untouchable Garlick out.......have they stopped for a second to think maybe both men are fully in support of whichever of the bidders is ultimately successful?

Too much emphasis being placed on the lawyer here.
Who knows the Egyptian may end up as one of the ALK investors.

I said a few pages ago, the clubs the lawyer has been through were basket cases long before he turned up. We are a different kettle of fish entirely.

Rileybobs · Post by **Rileybobs** » Wed Oct 28, 2020 11:10 pm

ewanrob wrote: ↑
Wed Oct 28, 2020 11:08 pm
He's a journo, no doubt with a "deep throat" type insider giving him info. He chose not to let this info out in September , just a lad doing his job to the best of his capabilities....cut him some slack.

Exactly. Some of the stick this bloke gets is ridiculous. He’s just a local journalist.

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

Power has its say, down to MG and JB now

Chester Perry · Post by **Chester Perry** » Wed Oct 28, 2020 11:14 pm

ClaretTony wrote: ↑
Wed Oct 28, 2020 11:04 pm
I’d heard of them. As soon as I saw their names I was on to people who have been involved with them.

My reaction was as instantaneous as yours - hence my post this afternoon, when you follow these things as we have over the years you just get bad feelings when certain names come up

Dyched · Post by **Dyched** » Wed Oct 28, 2020 11:26 pm

The worse thing in all this is I’ve got 8,000 claret and blue Stetsons on order on the hope of the American takeover. What I am supposed to do with these now?

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

Chop the brims off and pop a tassel on top.

Just like that.

CFS · Post by **CFS** » Wed Oct 28, 2020 11:50 pm

I'll wait for updates via Boden rephrasing what credible sources tweet.

Dyched · Post by **Dyched** » Thu Oct 29, 2020 12:00 am

DCWat wrote: ↑
Wed Oct 28, 2020 11:28 pm
Chop the brims off and pop a tassel on top.

Just like that.

Del Boy!! Welcome aboard!!

WalkdenClaret · Post by **WalkdenClaret** » Thu Oct 29, 2020 12:09 am

Initial thoughts, a real businessman, with money. Encouraged compared to the empty shell of ALK.

After a bit of reading here, now see that we have a questionable lawyer who seems to have a fetish for being front and centre of leading a takeover of a football club. What is his obsession ? commission / fame ? How many lawyer's do you know who front takeovers. As a recent example, recalling reading about the good news of EG bringing Asda back into British ownership, nothing at all about lawyers in the hundreds of news stories.

Back to Mohamed El Kashashy, in stark contrast to Farnell, nothing in news for 6 years. Looking at the Food Group franchises, of the three brands mentioned (Eric Kayser, Avec and Little More Cafe) all but one branch of Eric Kayser still exist in Dubai. something happened to the portfolio of Food Group in Dubai in the last 6 years. I suspect as Kayser is still relatively successful it is operated by someone other than Think Food LLC.

This suggests that Mohamed El Kashashy no longer owns Think Food or it is just a shell company. This in turn implies that he aint had a proper (or legit) job for some time. All of which suggests he absolutely has very little money or is yet another front for someone else. When you are using a questionable solicitor, introducing a bloke with less money than me, on behalf of a shadow, we need to be a little bit concerned.

Somethingfishy · Post by **Somethingfishy** » Thu Oct 29, 2020 12:44 am

BurnleyFC wrote: ↑
Wed Oct 28, 2020 10:19 pm
Who’s Boden making calls with, Ray Ingleby?

Peter Shackleton most probably....and he is still waiting to press that button

mybloodisclaret · Post by **mybloodisclaret** » Thu Oct 29, 2020 12:47 am

Very unsure about the Farnell link and Egyptian investment, as to be honest had quite got my head around the ALK option, particularly liking their talent identification model and reports of their interest in investing wider in the area.

thelaughingclaret · Post by **thelaughingclaret** » Thu Oct 29, 2020 1:20 am

This news doesn’t bother me too much, a year ago it would have but now not so much. I have fallen out of love with english football over the last year and have learned to live with not going on the turf now. Football is dead in this country anyway. If we end up going bust in a few years an AFC Burnley will start. Just got to ride along.

Danieljwaterhouse · Post by **Danieljwaterhouse** » Thu Oct 29, 2020 2:40 am

I mentioned it a long while back, you’ve got to consider any investment from Egypt as state backed. There’s a power struggle in the Middle East.

Somethingfishy · Post by **Somethingfishy** » Thu Oct 29, 2020 2:43 am

Danieljwaterhouse wrote: ↑
Thu Oct 29, 2020 2:40 am
I mentioned it a long while back, you’ve got to consider any investment from Egypt as state backed. There’s a power struggle in the Middle East.

So you are of the opinion that this guy has some serious money behind him and we aren't just dealing with a ten bob millionaire?

clansman · Post by **clansman** » Thu Oct 29, 2020 3:11 am

There is no way the Premier League can sanction this “deal” if in fact it’s not all complete fantasy.
There is absolutely no evidence to suggest our Egyptian friend has any serious money.
If indeed he does represent other interested parties then why are they using him and why was he interested in Charlton but it was all hot air.
As for Farnell he is a one man band. A quick check on companies house shows he owns a company with £136 k in the bank at the end of last financial year with a negative net worth of £186k. He has no employees.
All are using Pinsents one of the worlds leading law firms.
Where did the story come from? Who leaked it and for what reason.Garlick cannot be taking them seriously.

clansman · Post by **clansman** » Thu Oct 29, 2020 3:12 am

That should say ALK in last para!

UpTheClaretsFCBK · Post by **UpTheClaretsFCBK** » Thu Oct 29, 2020 3:35 am

clansman wrote: ↑
Thu Oct 29, 2020 3:11 am
There is no way the Premier League can sanction this “deal” if in fact it’s not all complete fantasy.
There is absolutely no evidence to suggest our Egyptian friend has any serious money.
If indeed he does represent other interested parties then why are they using him and why was he interested in Charlton but it was all hot air.
As for Farnell he is a one man band. A quick check on companies house shows he owns a company with £136 k in the bank at the end of last financial year with a negative net worth of £186k. He has no employees.
All are using Pinsents one of the worlds leading law firms.
Where did the story come from? Who leaked it and for what reason.Garlick cannot be taking them seriously.

Proof of funds has already been submitted, so at the very least he has 200m to buy the football club.

And if reports are correct, it looks like it's been leaked from the Farnell camp, given his ban from ownership of an English football club was lifted and the story seemed to blow up as soon as that happened. (An assumption but likely).

jojomk1 · Post by **jojomk1** » Thu Oct 29, 2020 6:53 am

On the back page of today's Daily Mirror according to BBC Sport

"£200m - Money to Burn"

Sorry can't get a link up

Woodleyclaret · Post by **Woodleyclaret** » Thu Oct 29, 2020 7:12 am

Never mind the money to Garlick and his buds, how much is Sean getting in a transfer kitty ?

Shipclaret · Post by **Shipclaret** » Thu Oct 29, 2020 7:17 am

Also large article in TheTimes - page 68. Says much of what is outlined in this thread but seems to have a veneer of authenticity when you read in cold like I did just now. Don't have subscription and no link but have a look. One further point Pinsent Mason aren't one of the worlds biggest law firms. They are a U.K. Top 20 - excellent firm though they are.

ClaretAL · Post by **ClaretAL** » Thu Oct 29, 2020 7:22 am

Interesting read

https://londonnewsonline.co.uk/exclusiv ... solicitor/

And the guy in the picture looks remarkably like mohamed El Kashashy below.

: image_400x400.jpg (11.64 KiB) Viewed 4054 times

JohnDearyMe · Post by **JohnDearyMe** » Thu Oct 29, 2020 7:29 am

Somethingfishy wrote: ↑
Thu Oct 29, 2020 2:43 am
So you are of the opinion that this guy has some serious money behind him and we aren't just dealing with a ten bob millionaire?

I can't help but think of all the chancers that have bought or attempted to buy Premier league clubs in recent years. Birmingham and Portsmouth immediately come to mind.

wilks_bfc · Post by **wilks_bfc** » Thu Oct 29, 2020 7:38 am

JohnDearyMe wrote: ↑
Thu Oct 29, 2020 7:29 am
I can't help but think of all the chancers that have bought or attempted to buy Premier league clubs in recent years. Birmingham and Portsmouth immediately come to mind.

Can only pray and hope this turns out like Srivaddhanaprabha at Leicester.

However reading the background it doesn’t look likely

bfcjg · Post by **bfcjg** » Thu Oct 29, 2020 7:58 am

The Egyptiana sound like they have a pharaoh amount of money behind them.

jojomk1 · Post by **jojomk1** » Thu Oct 29, 2020 7:59 am

https://ichef.bbci.co.uk/onesport/cps/9 ... mirror.png

Need to get any proposed deal done reasonably quickly

Hate to see someone walk away from table if negotiations still ongoing in new year and if we are in danger of relegation towards end of season

Having said that, any owner can walk away at any time - the risk you take

Paul Waine · Post by **Paul Waine** » Thu Oct 29, 2020 8:00 am

Shipclaret wrote: ↑
Thu Oct 29, 2020 7:17 am
Also large article in TheTimes - page 68. Says much of what is outlined in this thread but seems to have a veneer of authenticity when you read in cold like I did just now. Don't have subscription and no link but have a look. One further point Pinsent Mason aren't one of the worlds biggest law firms. They are a U.K. Top 20 - excellent firm though they are.

Times article was published online, time stamp 5pm Wed.

It's posted somewhere on page 34.

claretonthecoast1882 · Post by **claretonthecoast1882** » Thu Oct 29, 2020 8:01 am

Amazing how some people get seduced my money.

Mere mention of investment makes some all giddy, they have probably even got their January transfer targets lined up in their heads as the club/town emerges as a northern powerhouse.

Be really good if those who are seduced by this and want the club to move to the next level could answer some very basic questions, then those of us who aren't seduced by it could maybe come round to their way of thinking.

What is in it for the investor and what is the primary aim for someone making an investment in anything
With our current income and wage bill how do we fund this next level move while at the same time paying out to investors
When the **** hits the fan who then funds the existing levels of expense we have

Those are just 3 questions, be interesting to read the answers

Inchy · Post by **Inchy** » Thu Oct 29, 2020 8:02 am

Anyone called Kash a shy is unlikely to throw money at the transfer window

clansman · Post by **clansman** » Thu Oct 29, 2020 8:11 am

It’s complete nonsense.! No deal has been done. The mirror put the story out but when you read through everything from other sources you will see that there is no actual confirmation. The deal has not passed the premier league.
The two characters have already proved a conflict of interest if they’ve been talking to both charlton and Burnley for over a year.
No one can explain where the money is coming from. Kashashy isn’t very rich.

Paul Waine · Post by **Paul Waine** » Thu Oct 29, 2020 8:13 am

claretonthecoast1882 wrote: ↑
Thu Oct 29, 2020 8:01 am
Amazing how some people get seduced my money.

Mere mention of investment makes some all giddy, they have probably even got their January transfer targets lined up in their heads as the club/town emerges as a northern powerhouse.

Be really good if those who are seduced by this and want the club to move to the next level could answer some very basic questions, then those of us who aren't seduced by it could maybe come round to their way of thinking.

What is in it for the investor and what is the primary aim for someone making an investment in anything
With our current income and wage bill how do we fund this next level move while at the same time paying out to investors
When the **** hits the fan who then funds the existing levels of expense we have

Those are just 3 questions, be interesting to read the answers

All answers are already posted both over the past month on this thread - and on every transfer window thread.

MMT is excellent source for the broader, not just Burnley answers you are looking for.

UTC

claretonthecoast1882 · Post by **claretonthecoast1882** » Thu Oct 29, 2020 8:14 am

Paul Waine wrote: ↑
Thu Oct 29, 2020 8:13 am
All answers are already posted both over the past month on this thread - and on every transfer window thread.

MMT is excellent source for the broader, not just Burnley answers you are looking for.

UTC

The questions are for those seduced by the money

dandeclaret · Post by **dandeclaret** » Thu Oct 29, 2020 8:19 am

claptrappers_union wrote: ↑
Wed Oct 28, 2020 8:59 pm
I presume to sell the assets

The assets probably don’t add up to £200m though do they?

Charlton Boy · Post by **Charlton Boy** » Thu Oct 29, 2020 8:20 am

Any good journo worth their salt will not be taken in by Farnell and co.

One of their tactics at Charlton was to give positive stories to Alan Nixon (the worst sports journalist known to man) and without any research he would publish them.
It was only when our local journo at Charlton would do research and tweet more accurate information, then we got the truth.

Farnell will use the media to put a Positive spin on things, don’t be fooled.

claretonthecoast1882 · Post by **claretonthecoast1882** » Thu Oct 29, 2020 8:22 am

Charlton Boy wrote: ↑
Thu Oct 29, 2020 8:20 am
Any good journo worth their salt will not be taken in by Farnell and co.

One of their tactics at Charlton was to give positive stories to Alan Nixon (the worst sports journalist known to man) and without any research he would publish them.
It was only when our local journo at Charlton would do research and tweet more accurate information, then we got the truth.

Farnell will use the media to put a Positive spin on things, don’t be fooled.

Wooahhh steady on Nixon is the messiah on here and the main man in know for some, despite your description of him being far more accurate.

Charlton Boy · Post by **Charlton Boy** » Thu Oct 29, 2020 8:24 am

The line about them being in talks for Burnley for a year o really struggle to believe and I have no doubt it comes from one of their camp. This is the same people who got their claws stuck into Charlton during lockdown. Farnell and Kashay were both attending games at the valley during lockdown and both attended a court hearing when they fought tooth and nail to stop Charlton being sold just two months ago.

This

joey13 · Post by **joey13** » Thu Oct 29, 2020 8:25 am

Leisure wrote: ↑
Wed Oct 28, 2020 10:19 pm
I'd still like an explanation from you.

Why would I waste my time ,you see what you want to see and ignore facts

clansman · Post by **clansman** » Thu Oct 29, 2020 8:31 am

Charlton boy is right. Darnell is a self publicist. As I have stated just look up his company on companies house. It’s a bit of a joke. And as for the other fella do research in either Dubai or Egypt. He is a nobody and a bit like the guy that tried to take over Watford and Wigan , a fantasist.
It’s a story to raise Farnells profile to highlight he was cleared.