ARTICLE: Burnley confirm four new directors

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ARTICLE: Burnley confirm four new directors

Post by ClaretTony » Mon Jan 18, 2021 11:13 am

Two newbies, one we knew about, and Pace's two partners

See link
https://www.uptheclarets.com/burnley-co ... -directors

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Re: ARTICLE: Burnley confirm four new directors

Post by A.Claret.Fan » Mon Jan 18, 2021 11:15 am

Impressive credentials...

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Re: ARTICLE: Burnley confirm four new directors

Post by Buxtonclaret » Mon Jan 18, 2021 11:16 am

Well paid jobs, are they?

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Re: ARTICLE: Burnley confirm four new directors

Post by brexit » Mon Jan 18, 2021 11:20 am

Lots of Spanish players on their way then :D
https://en.wikipedia.org/wiki/IESE_Business_School

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Re: ARTICLE: Burnley confirm four new directors

Post by Local cricketer » Mon Jan 18, 2021 11:21 am

So basically one is a glorified vicar and the other is a uni mate. Am I reading this correctly?

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Re: ARTICLE: Burnley confirm four new directors

Post by gandhisflipflop » Mon Jan 18, 2021 11:28 am

Local cricketer wrote:
Mon Jan 18, 2021 11:21 am
So basically one is a glorified vicar and the other is a uni mate. Am I reading this correctly?
Jesus Christ people will find anything to have a pop at these people won't they?
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Re: ARTICLE: Burnley confirm four new directors

Post by ClaretTony » Mon Jan 18, 2021 11:30 am

Local cricketer wrote:
Mon Jan 18, 2021 11:21 am
So basically one is a glorified vicar and the other is a uni mate. Am I reading this correctly?
If you are not bright enough to understand their qualities then perhaps you are reading it correctly.
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Re: ARTICLE: Burnley confirm four new directors

Post by Grumps » Mon Jan 18, 2021 11:31 am

Local cricketer wrote:
Mon Jan 18, 2021 11:21 am
So basically one is a glorified vicar and the other is a uni mate. Am I reading this correctly?
Unbelievable....

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Re: ARTICLE: Burnley confirm four new directors

Post by Local cricketer » Mon Jan 18, 2021 11:32 am

Bloody hell caught 3 whoppers here. I look forward to seeing the qualities they bring to the board
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Re: ARTICLE: Burnley confirm four new directors

Post by onewillieirvine » Mon Jan 18, 2021 11:33 am

Some high class talent in the boardroom indeed. I would imagine they have some very impressive contacts as well to enable us to push on upwards.

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Re: ARTICLE: Burnley confirm four new directors

Post by Wile E Coyote » Mon Jan 18, 2021 11:35 am

CEO of Madison square garden to the Turf ! must have been like a dream come true.
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Re: ARTICLE: Burnley confirm four new directors

Post by Swizzlestick » Mon Jan 18, 2021 11:38 am

Hopefully they don’t mix up Mike and Stuart’s names....
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Re: ARTICLE: Burnley confirm four new directors

Post by randomclaret2 » Mon Jan 18, 2021 11:40 am

Certainly a wide range of different experience coming on board

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Re: ARTICLE: Burnley confirm four new directors

Post by Nonayforever » Mon Jan 18, 2021 12:02 pm

Antonio Davila is quite a coup for Burnley. I would imagine he is on a consultancy type basis. Very impressive and he certainly wouldn't have accepted the position if he thought BFC were going nowhere.

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Re: ARTICLE: Burnley confirm four new directors

Post by BurnleyFC » Mon Jan 18, 2021 12:11 pm

Nonayforever wrote:
Mon Jan 18, 2021 12:02 pm
Antonio Davila is quite a coup for Burnley. I would imagine he is on a consultancy type basis. Very impressive and he certainly wouldn't have accepted the position if he thought BFC were going nowhere.
I believe he already posts on here under the pseudonym ‘ClaretTony’.

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Re: ARTICLE: Burnley confirm four new directors

Post by NickBFC » Mon Jan 18, 2021 12:11 pm

It sounds promising to me. A variety of talents and experience which will surely benefit the club - you would think combined, far more forward thinking than the previous owners. Certainly interested to see what this year brings on and off the pitch.

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Re: ARTICLE: Burnley confirm four new directors

Post by Mala591 » Mon Jan 18, 2021 12:20 pm

No 1 on the next senior management meeting agenda should be:

‘Attracting investment for the recruitment of Premier League QUALITY footballers to the Burnley FC squad.’

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Re: ARTICLE: Burnley confirm four new directors

Post by vinrogue » Mon Jan 18, 2021 12:24 pm

No 2 on the next senior management meeting agenda should be: See No 1

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Re: ARTICLE: Burnley confirm four new directors

Post by claretonthecoast1882 » Mon Jan 18, 2021 12:26 pm

Mala591 wrote:
Mon Jan 18, 2021 12:20 pm
No 1 on the next senior management meeting agenda should be:

‘Attracting investment for the recruitment of Premier League QUALITY footballers to the Burnley FC squad.’

Players capable of being a Premier league footballer for the last 5 years ?

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Re: ARTICLE: Burnley confirm four new directors

Post by claretlegend » Mon Jan 18, 2021 12:31 pm

Welcome to our great club. We wish you every success. UTC!
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Re: ARTICLE: Burnley confirm four new directors

Post by Clarets4me » Mon Jan 18, 2021 12:32 pm

Wile E Coyote wrote:
Mon Jan 18, 2021 11:35 am
CEO of Madison square garden to the Turf ! must have been like a dream come true.
The "Garden " hosted Frank Sinatra, Muhammad Ali and Elvis Presley ..... The " Turf " has hosted Sir Stanley Matthews, Sir Winston Churchill and H.M. The Queen, not to mention John Deary ..... and we have a larger capacity !! It's clearly a step up for the lad ..... :lol: :lol:
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Re: ARTICLE: Burnley confirm four new directors

Post by Spijed » Mon Jan 18, 2021 12:36 pm

Clarets4me wrote:
Mon Jan 18, 2021 12:32 pm
The "Garden " hosted Frank Sinatra, Muhammad Ali and Elvis Presley ..... The " Turf " has hosted Sir Stanley Matthews, Sir Winston Churchill and H.M. The Queen, not to mention John Deary ..... and we have a larger capacity !! It's clearly a step up for the lad ..... :lol: :lol:
As well Prince Charles, Field Marshall Montgomery and Ted Heath ;)

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Re: ARTICLE: Burnley confirm four new directors

Post by 775claret » Mon Jan 18, 2021 12:38 pm

Clarets4me wrote:
Mon Jan 18, 2021 12:32 pm
The "Garden " hosted Frank Sinatra, Muhammad Ali and Elvis Presley ..... The " Turf " has hosted Sir Stanley Matthews, Sir Winston Churchill and H.M. The Queen, not to mention John Deary ..... and we have a larger capacity !! It's clearly a step up for the lad ..... :lol: :lol:
And don't forget Swanky Pants Dog Troupe and Chico.
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Re: ARTICLE: Burnley confirm four new directors

Post by Dougall » Mon Jan 18, 2021 12:41 pm

We've still never replaced John Deary!
Maybe this window...........
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Re: ARTICLE: Burnley confirm four new directors

Post by Clarets4me » Mon Jan 18, 2021 12:45 pm

Spijed wrote:
Mon Jan 18, 2021 12:36 pm
As well Prince Charles, Field Marshall Montgomery and Ted Heath ;)
You were doing so well until I read the last name .... :roll:

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Re: ARTICLE: Burnley confirm four new directors

Post by MT03ALG » Mon Jan 18, 2021 12:54 pm

And Jimmy McIlroy !

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Re: ARTICLE: Burnley confirm four new directors

Post by Zlatan » Mon Jan 18, 2021 12:56 pm

Swizzlestick wrote:
Mon Jan 18, 2021 11:38 am
Hopefully they don’t mix up Mike and Stuart’s names....
Stuart Smith...???

Am I missing something?


;)
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Re: ARTICLE: Burnley confirm four new directors

Post by AfloatinClaret » Mon Jan 18, 2021 1:08 pm

Local cricketer wrote:
Mon Jan 18, 2021 11:21 am
...and the other is a uni mate...
No, I think it's more about our getting an introduction to Antonio's neighbour, Lionel

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Re: ARTICLE: Burnley confirm four new directors

Post by AfloatinClaret » Mon Jan 18, 2021 1:10 pm

Zlatan wrote:
Mon Jan 18, 2021 12:56 pm
Stuart Smith...???..
He was one wild cat back in the day.

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Re: ARTICLE: Burnley confirm four new directors

Post by joey13 » Mon Jan 18, 2021 1:23 pm

Very disappointing news this , no mention of any ex porn stars joining the Board , simply not good enough 😛
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Re: ARTICLE: Burnley confirm four new directors

Post by Bigvince » Mon Jan 18, 2021 1:29 pm

joey13 wrote:
Mon Jan 18, 2021 1:23 pm
Very disappointing news this , no mention of any ex porn stars joining the Board , simply not good enough 😛
We pride ourselves on clean sheets!not sure she’d suit our style!
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Re: ARTICLE: Burnley confirm four new directors

Post by kentonclaret » Mon Jan 18, 2021 1:40 pm

"Very disappointing news this, no mention of any ex porn stars joining the board, simply not good enough"

A few names were put forward but they kept firing blanks. :lol:

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Re: ARTICLE: Burnley confirm four new directors

Post by alwaysaclaret » Mon Jan 18, 2021 1:56 pm

Can any of them play up front ?

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Re: ARTICLE: Burnley confirm four new directors

Post by Wokingclaret » Mon Jan 18, 2021 2:00 pm

Interestingly, it does state former shareholders (not half) for MG and JB

"ALK Capital partners Mike Smith and Stuart Hunt will also take seats on the board, sitting alongside former Burnley FC shareholders Mike Garlick and John Banaszkiewicz"

https://www.burnleyfootballclub.com/con ... -confirmed

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Re: ARTICLE: Burnley confirm four new directors

Post by Chester Perry » Mon Jan 18, 2021 2:03 pm

Checketts is the star turn here - absolutely top notch credentials - I just wonder if we will have the financing to make best use of his skill set - I actually think he is everything that Everton need as they look to get back to the very top table.

I have said it elsewhere but there is a real concentration of Hospitality expertise on that board - an area the club has been considering developing further, but again you have to think that requires significant infrastructure development, and the maintenance of Premier League Football
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Re: ARTICLE: Burnley confirm four new directors

Post by ClaretTony » Mon Jan 18, 2021 2:05 pm

BurnleyFC wrote:
Mon Jan 18, 2021 12:11 pm
I believe he already posts on here under the pseudonym ‘ClaretTony’.
I'm delighted that you think I'm impressive :D
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Re: ARTICLE: Burnley confirm four new directors

Post by ClaretTony » Mon Jan 18, 2021 2:10 pm

Wokingclaret wrote:
Mon Jan 18, 2021 2:00 pm
Interestingly, it does state former shareholders (not half) for MG and JB

"ALK Capital partners Mike Smith and Stuart Hunt will also take seats on the board, sitting alongside former Burnley FC shareholders Mike Garlick and John Banaszkiewicz"

https://www.burnleyfootballclub.com/con ... -confirmed
It may say former shareholders but there is a minimum requirement to be a director.

Previously Garlick & John B owned around 78%, the departed directors owned 16% and the other 6% were other shareholders.

We know the other shareholders have retained their 6%, the departed directors I would assume have sold, ALK own 84% so I'm guessing Garlick & John B still own around 10% between them.
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Re: ARTICLE: Burnley confirm four new directors

Post by Clarets4me » Mon Jan 18, 2021 2:15 pm

I'm still looking forward to the " Kiss Cam " roving the Bob Lord Stand ....
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Re: ARTICLE: Burnley confirm four new directors

Post by BleedingClaret » Mon Jan 18, 2021 2:37 pm

ClaretTony wrote:
Mon Jan 18, 2021 11:30 am
If you are not bright enough to understand their qualities then perhaps you are reading it correctly.
Have to say though their qualities won’t matter a jot, if we’re relegated and they’ll lose interest as we won’t be able to borrow against assets and they’re not in it to invest their own money
The set up seems similar to the Man Utd model but they have a massive global brand and turnover for now we have Premier League monies only.
Should we lose that they can’t build a brand and we can’t IMO survive the financial model they’ve set up for very long on championship revenue, even if they’ve modelled this to defer repayments in event of relegation, debts of this kind don’t go away.
If they don’t reinforce the squad this Transfer window then we’re playing Russian roulette, Dyche is in a rut.

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Re: ARTICLE: Burnley confirm four new directors

Post by Chester Perry » Mon Jan 18, 2021 3:17 pm

just a thought - if the Articles of Association remain unchanged and the value of the takeover priced the Club at £170m - £200m the amount of money issued upfront to the club (suggested to be no more than £15m by Matt Slater and probably less) could have been paid by the 2 new directors with Hunt, Pace and Smith buying their shares entirely from the MSD loans. Alternatively the two new Directors may have bought shares since the takeover.

There is no indication that the 2 new Directors are of the non executive variety so share ownership is required as I understand

I look forward to updates at Companies House that may offer some clarity
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Re: ARTICLE: Burnley confirm four new directors

Post by ClaretTony » Mon Jan 18, 2021 3:53 pm

Chester Perry wrote:
Mon Jan 18, 2021 3:17 pm
just a thought - if the Articles of Association remain unchanged and the value of the takeover priced the Club at £170m - £200m the amount of money issued upfront to the club (suggested to be no more than £15m by Matt Slater and probably less) could have been paid by the 2 new directors with Hunt, Pace and Smith buying their shares entirely from the MSD loans. Alternatively the two new Directors may have bought shares since the takeover.

There is no indication that the 2 new Directors are of the non executive variety so share ownership is required as I understand

I look forward to updates at Companies House that may offer some clarity
The only thing I know is that back in the day you had to have 100 shares to be a director which increased to 4,000. Whether that increase was written into the articles I don't know and, of course, it became a different company when from Burnley & Athletic Co Ltd to the holding company.

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Re: ARTICLE: Burnley confirm four new directors

Post by wilks_bfc » Mon Jan 18, 2021 3:55 pm

Clarets4me wrote:
Mon Jan 18, 2021 2:15 pm
I'm still looking forward to the " Kiss Cam " roving the Bob Lord Stand ....
It’ll be pointless pointing it at the Longside

They wouldn’t know if they are on the screen

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Re: ARTICLE: Burnley confirm four new directors

Post by GodIsADeeJay81 » Mon Jan 18, 2021 3:59 pm

Impressive credentials and hopefully the business contacts to go with it to help the club grow its revenue stream etc

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Re: ARTICLE: Burnley confirm four new directors

Post by Vegas Claret » Mon Jan 18, 2021 4:13 pm

Chester Perry wrote:
Mon Jan 18, 2021 2:03 pm
Checketts is the star turn here - absolutely top notch credentials - I just wonder if we will have the financing to make best use of his skill set - I actually think he is everything that Everton need as they look to get back to the very top table.

I have said it elsewhere but there is a real concentration of Hospitality expertise on that board - an area the club has been considering developing further, but again you have to think that requires significant infrastructure development, and the maintenance of Premier League Football
agree 100%

edit: Antonio Dávila ain't no slouch either, worked with UEFA

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Re: ARTICLE: Burnley confirm four new directors

Post by Aclaret » Mon Jan 18, 2021 4:34 pm

Can they play midfield and do they know where the back of the net is ?......welcome to our club by the way.

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Re: ARTICLE: Burnley confirm four new directors

Post by MT03ALG » Mon Jan 18, 2021 4:37 pm

I think the former directors did not receive a salary (but may have made some money from selling the club). Do we know if the new directors will be paid a salary or if they will be based in England. The cost of flights, probably not economy class, between the USA and the UK could become very expensive.

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Re: ARTICLE: Burnley confirm four new directors

Post by Grumps » Mon Jan 18, 2021 4:49 pm

Local cricketer wrote:
Mon Jan 18, 2021 11:32 am
Bloody hell caught 3 whoppers here. I look forward to seeing the qualities they bring to the board
The old... I've been caught so I'll pretend I was joking... Excuse.... Though I agree with your last sentence
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Re: ARTICLE: Burnley confirm four new directors

Post by ClaretTony » Mon Jan 18, 2021 4:54 pm

Aclaret wrote:
Mon Jan 18, 2021 4:34 pm
Can they play midfield and do they know where the back of the net is ?......welcome to our club by the way.
Outstanding post Aclaret

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Re: ARTICLE: Burnley confirm four new directors

Post by ClaretTony » Mon Jan 18, 2021 4:59 pm

MT03ALG wrote:
Mon Jan 18, 2021 4:37 pm
I think the former directors did not receive a salary (but may have made some money from selling the club). Do we know if the new directors will be paid a salary or if they will be based in England. The cost of flights, probably not economy class, between the USA and the UK could become very expensive.
I would assume they are salaried. Pace said he'll be here 80% of the time with the other 20% in London and New York. I think that is also definitely the case for Hunt & Smith. Don't know about Checketts and Dávila but I can confirm the other two, Garlick and Banaskiewicz, are southern England based.

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Re: ARTICLE: Burnley confirm four new directors

Post by MRG » Mon Jan 18, 2021 5:39 pm

ClaretTony wrote:
Mon Jan 18, 2021 4:59 pm
I would assume they are salaried. Pace said he'll be here 80% of the time with the other 20% in London and New York. I think that is also definitely the case for Hunt & Smith. Don't know about Checketts and Dávila but I can confirm the other two, Garlick and Banaskiewicz, are southern England based.
Checketts is London based

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