Kieran Maguire statement..
Kieran Maguire statement..
Burnley borrow money from Luxembourg source mortgaged/secured over Turf Moor, other club properties & assets but excludes money from Premier League. Just been posted by Kieran Maguire, anything to worry about?
-
- Posts: 3323
- Joined: Fri Jan 22, 2016 8:15 pm
- Been Liked: 702 times
- Has Liked: 174 times
Re: Kieran Maguire statement..
Not as long as we are able to pay it back. It would work exactly the same as any other mortgage.
However, if we do get relegated and don't come back up, then yes, something to worry about.
However, if we do get relegated and don't come back up, then yes, something to worry about.
-
- Posts: 7413
- Joined: Sun Apr 08, 2018 2:19 am
- Been Liked: 2326 times
- Has Liked: 2174 times
Re: Kieran Maguire statement..
A few years ago I’d have hated this but the way footballs gone it just seems to be the norm now and I try to just ignore it. We were always likely to be borrowing money from every
Avenue, if you look back at Dyches time, I guess you could say having little money to spend meant you had to make the most of what you had and didn’t waste as much as we seem to have done over the last 6 months.
Sad but I literally don’t care anymore about the debt, I don’t feel one way or another.
-
- Posts: 7472
- Joined: Sat May 06, 2017 7:39 pm
- Been Liked: 2260 times
- Has Liked: 2174 times
Re: Kieran Maguire statement..
If I've said it once I'll say it a million times.
I am extremely uneasy with the leverage ALK are putting on BFC.
They've already got their money back (and more), I won't rush to hyperbole here but I hope this could get cleaned up with some more understanding asap.
I am extremely uneasy with the leverage ALK are putting on BFC.
They've already got their money back (and more), I won't rush to hyperbole here but I hope this could get cleaned up with some more understanding asap.
This user liked this post: Spike
-
- Posts: 3157
- Joined: Fri Jan 22, 2016 2:53 am
- Been Liked: 837 times
- Has Liked: 544 times
Re: Kieran Maguire statement..
Kieran Maguire literally positioned so much in the past that turned up not to be true? I’d give his supposed details a big, ******* swerve, personally
This user liked this post: Swizzlestick
-
- Posts: 11121
- Joined: Thu Jan 21, 2016 12:29 pm
- Been Liked: 1573 times
- Has Liked: 360 times
Re: Kieran Maguire statement..
We all know the finances are dodgy, I suspect there loans from everywhere funding the summer we just had.
Just got to hope it doesn’t end in tears (I suspect it will but would love to be proven wrong)
Just got to hope it doesn’t end in tears (I suspect it will but would love to be proven wrong)
-
- Posts: 6979
- Joined: Fri Jan 22, 2016 4:25 pm
- Been Liked: 1490 times
- Has Liked: 1848 times
Re: Kieran Maguire statement..
Directors and their dealings are a fact of modern football.Alsn Pace is an astute operator who is attempting to develop our team.Previously,we had some in charge who saw profits first and our team last.
-
- Posts: 7472
- Joined: Sat May 06, 2017 7:39 pm
- Been Liked: 2260 times
- Has Liked: 2174 times
Re: Kieran Maguire statement..
Laughable.Woodleyclaret wrote: ↑Wed Jan 10, 2024 7:33 amDirectors and their dealings are a fact of modern football.Alsn Pace is an astute operator who is attempting to develop our team.Previously,we had some in charge who saw profits first and our team last.
-
- Posts: 3553
- Joined: Thu Jan 21, 2016 6:03 pm
- Been Liked: 656 times
- Has Liked: 2899 times
Re: Kieran Maguire statement..
He is developing the team to make a profit. They are investors.Woodleyclaret wrote: ↑Wed Jan 10, 2024 7:33 amDirectors and their dealings are a fact of modern football.Alsn Pace is an astute operator who is attempting to develop our team.Previously,we had some in charge who saw profits first and our team last.
-
- Posts: 11121
- Joined: Thu Jan 21, 2016 12:29 pm
- Been Liked: 1573 times
- Has Liked: 360 times
Re: Kieran Maguire statement..
Haha it’s funny the last owners have been considerably more successful and done more for the club then isn’t itWoodleyclaret wrote: ↑Wed Jan 10, 2024 7:33 amDirectors and their dealings are a fact of modern football.Alsn Pace is an astute operator who is attempting to develop our team.Previously,we had some in charge who saw profits first and our team last.
-
- Posts: 2544
- Joined: Thu Jan 21, 2016 8:04 am
- Been Liked: 610 times
- Has Liked: 311 times
Re: Kieran Maguire statement..
You say "theyve" already got there money back- How much have they taken out of the club so far?CoolClaret wrote: ↑Wed Jan 10, 2024 5:55 amIf I've said it once I'll say it a million times.
I am extremely uneasy with the leverage ALK are putting on BFC.
They've already got their money back (and more), I won't rush to hyperbole here but I hope this could get cleaned up with some more understanding asap.
-
- Posts: 7472
- Joined: Sat May 06, 2017 7:39 pm
- Been Liked: 2260 times
- Has Liked: 2174 times
Re: Kieran Maguire statement..
I don't have precise figures -Winstonswhite wrote: ↑Wed Jan 10, 2024 7:46 amYou say "theyve" already got there money back- How much have they taken out of the club so far?
The Athletic reported some dividend fee a while back - which btw I have no issue with dividends for a well ran club for investors/board.
What I have issue with is the approach of leveraging the club with this level of risk/debt whilst making more money than they bought the club for, whilst the club is still stretching the finances.
-
- Posts: 5543
- Joined: Thu Jan 21, 2016 8:05 pm
- Been Liked: 2340 times
- Has Liked: 1405 times
- Location: Costa del Padihamos beach.
-
- Posts: 73
- Joined: Fri Jun 23, 2023 11:20 am
- Been Liked: 27 times
- Has Liked: 14 times
Re: Kieran Maguire statement..
More debt, more debt and more debt would be the best way to describe the club since the Pace regime took power.
Some can't accept the future(unless there are rainbows and gold) but it's obvious how all of this will play out.
Some can't accept the future(unless there are rainbows and gold) but it's obvious how all of this will play out.
Re: Kieran Maguire statement..
Is it more debt, or the same debt being taken on at more favourable rates?getbennyon wrote: ↑Wed Jan 10, 2024 7:56 amMore debt, more debt and more debt would be the best way to describe the club since the Pace regime took power.
Some can't accept the future(unless there are rainbows and gold) but it's obvious how all of this will play out.
-
- Posts: 10171
- Joined: Mon Apr 09, 2018 1:59 pm
- Been Liked: 4188 times
- Has Liked: 57 times
Re: Kieran Maguire statement..
I love finance posts on here.
People with no idea about finance posting their views is never not amusing
People with no idea about finance posting their views is never not amusing
These 3 users liked this post: RVclaret Bosscat Holtyclaret
-
- Posts: 2544
- Joined: Thu Jan 21, 2016 8:04 am
- Been Liked: 610 times
- Has Liked: 311 times
Re: Kieran Maguire statement..
I'm confused. First you stated that they've already got their money back, which suggests all the money they've invested has been returned to them. And now you're saying that they've paid themselves dividends but you don't have precise figures.CoolClaret wrote: ↑Wed Jan 10, 2024 7:53 amI don't have precise figures -
The Athletic reported some dividend fee a while back - which btw I have no issue with dividends for a well ran club for investors/board.
What I have issue with is the approach of leveraging the club with this level of risk/debt whilst making more money than they bought the club for, whilst the club is still stretching the finances.
So, in nutshell you have no idea, but that doesn't appear to stop you posting lies.
This user liked this post: Stockbrokerbelt
-
- Posts: 1856
- Joined: Sat Jan 23, 2016 7:35 pm
- Been Liked: 540 times
- Has Liked: 188 times
- Location: Retirement Home in Suffolk
Re: Kieran Maguire statement..
So astute he offered Dyche a four year contract and then sacked him 6 months later.Woodleyclaret wrote: ↑Wed Jan 10, 2024 7:33 amDirectors and their dealings are a fact of modern football.Alsn Pace is an astute operator who is attempting to develop our team.
This user liked this post: CoolClaret
-
- Posts: 7472
- Joined: Sat May 06, 2017 7:39 pm
- Been Liked: 2260 times
- Has Liked: 2174 times
Re: Kieran Maguire statement..
I'm sure if you want to go digging there's some athletic article that reported all this, the amount of money ALK as a collective put up for the buyout was only around £15 millWinstonswhite wrote: ↑Wed Jan 10, 2024 8:14 amI'm confused. First you stated that they've already got their money back, which suggests all the money they've invested has been returned to them. And now you're saying that they've paid themselves dividends but you don't have precise figures.
So, in nutshell you have no idea, but that doesn't appear to stop you posting lies.
Certainly not posting lies but whatever.
It's strange how ones pointing out their dislike of investors leveraging a lot of risk on the club get scorned... yet the ones doing it don't.
-
- Posts: 7472
- Joined: Sat May 06, 2017 7:39 pm
- Been Liked: 2260 times
- Has Liked: 2174 times
Re: Kieran Maguire statement..
'Borderline racist' for using the word Yank is just nonsense.claretonthecoast1882 wrote: ↑Wed Jan 10, 2024 8:18 amHe might have been thinking what Watford owners may have done he seems to get the 2 clubs mixed up a bit. Let's be grateful though he is just making things up now rather than making borderline racist comments towards them which sadly seem allowed on here.
Not sure how many times I have to explain 'Watford type' - meant it as being a bit of a sanitised, soulless club but deliberately keep misrepresenting the point.
What am I making up?
-
- Posts: 832
- Joined: Fri Jan 22, 2016 10:03 pm
- Been Liked: 302 times
- Has Liked: 441 times
- Location: Burnley
Re: Kieran Maguire statement..
I agree with your comment about directors and modern football. In my opinion I believe the previous owners oversaw the growth and stability of our club which has led to a period of Premier League football unseen previously at Burnley. We also qualified for Europe and developed the trading complex at Gawthorpe. Their partnership with Dyche worked well until the last few years when they realised the funding required to maintain Premier League wages and structure was beyond their budget. At that point they decided to sell and the relationship with Dyche was soured. We know it didn’t end well but who on here wouldn’t want the best price from sale of their assets?Woodleyclaret wrote: ↑Wed Jan 10, 2024 7:33 amDirectors and their dealings are a fact of modern football.Alsn Pace is an astute operator who is attempting to develop our team.Previously,we had some in charge who saw profits first and our team last.
-
- Posts: 2544
- Joined: Thu Jan 21, 2016 8:04 am
- Been Liked: 610 times
- Has Liked: 311 times
Re: Kieran Maguire statement..
There's not a supporter in the land that likes leveraged buyouts. But I'm sure you agree, when people start making stuff up to suit their agenda, then it has to be pulled up.CoolClaret wrote: ↑Wed Jan 10, 2024 8:20 amI'm sure if you want to go digging there's some athletic article that reported all this, the amount of money ALK as a collective put up for the buyout was only around £15 mill
Certainly not posting lies but whatever.
It's strange how ones pointing out their dislike of investors leveraging a lot of risk on the club get scorned... yet the ones doing it don't.
-
- Posts: 11121
- Joined: Thu Jan 21, 2016 12:29 pm
- Been Liked: 1573 times
- Has Liked: 360 times
Re: Kieran Maguire statement..
If Yank is borderline racist then is the word Brits?
-
- Posts: 7472
- Joined: Sat May 06, 2017 7:39 pm
- Been Liked: 2260 times
- Has Liked: 2174 times
Re: Kieran Maguire statement..
What 'agenda'?Winstonswhite wrote: ↑Wed Jan 10, 2024 8:25 amThere's not a supporter in the land that likes leveraged buyouts. But I'm sure you agree, when people start making stuff up to suit their agenda, then it has to be pulled up.
Wanting the absolute best for the long-term health of the Club? Again not making anything up.
-
- Posts: 10171
- Joined: Mon Apr 09, 2018 1:59 pm
- Been Liked: 4188 times
- Has Liked: 57 times
Re: Kieran Maguire statement..
CoolClaret wrote: ↑Wed Jan 10, 2024 8:32 amWhat 'agenda'?
Wanting the absolute best for the long-term health of the Club? Again not making anything up.
And if everyone watched the clubs games on illegal streams how would that be good for the clubs long term health ?
Would the club benefit more from people attending games or watching on tv for free
-
- Posts: 30719
- Joined: Fri Jan 22, 2016 4:00 am
- Been Liked: 11060 times
- Has Liked: 5663 times
- Location: clue is in the title
Re: Kieran Maguire statement..
there are people on the MMT that are far smarter and knowledgeable than 99.9% of us when it comes to the financial workings of the club and they are seemingly concerned about certain 'behaviors' demonstrated by the owners/club. It's something we should all be concerned about but I'm not sure if bashing the owners as of now is valid. I'm also not sure it's true to say people are 'making things up' but they are trying to take an educated guess........educated guesses can often be wrong though.
-
- Posts: 3175
- Joined: Thu Jan 21, 2016 12:22 pm
- Been Liked: 1765 times
- Has Liked: 273 times
Re: Kieran Maguire statement..
I don’t think the word “Yank” is necessarily racist, but if people keep citing nationality in commentary on actions, then there’s clearly some stereotyping going on. In the same way there’s an element of stereotyping when ALK’s religion is frequently brought into conversations about their running of our club.
It’s pretty clear that a fair few Burnley fans think ALK don’t “get it” or “get us” or act in a certain way because they are “yanks”. That might well meet the definition of racism.
It’s pretty clear that a fair few Burnley fans think ALK don’t “get it” or “get us” or act in a certain way because they are “yanks”. That might well meet the definition of racism.
This user liked this post: Vegas Claret
-
- Posts: 13520
- Joined: Tue Dec 31, 2019 9:51 am
- Been Liked: 3115 times
- Has Liked: 3837 times
Re: Kieran Maguire statement..
If you’re referring to this being a bad judgement because of the financial consequences (pretty sure we were all celebrating the decision on football grounds at the time), just to point out, the contract length is not relevant in regards to any compensation due. This will be defined separately in the contract and of course we will never know those details.ClaretLoup wrote: ↑Wed Jan 10, 2024 8:19 amSo astute he offered Dyche a four year contract and then sacked him 6 months later.
But it most likely will have been limited and probably to the period until he joined Everton.
This user liked this post: Holtyclaret
-
- Posts: 7472
- Joined: Sat May 06, 2017 7:39 pm
- Been Liked: 2260 times
- Has Liked: 2174 times
Re: Kieran Maguire statement..
Happy to email my receipts over whenever just let me knowclaretonthecoast1882 wrote: ↑Wed Jan 10, 2024 8:35 amAnd if everyone watched the clubs games on illegal streams how would that be good for the clubs long term health ?
Would the club benefit more from people attending games or watching on tv for free
-
- Posts: 7472
- Joined: Sat May 06, 2017 7:39 pm
- Been Liked: 2260 times
- Has Liked: 2174 times
Re: Kieran Maguire statement..
There is a stereotype with American takeovers in UK/Euro businesses because this sort of thing happens a lot.agreenwood wrote: ↑Wed Jan 10, 2024 8:39 amI don’t think the word “Yank” is necessarily racist, but if people keep citing nationality in commentary on actions, then there’s clearly some stereotyping going on. In the same way there’s an element of stereotyping when ALK’s religion is frequently brought into conversations about their running of our club.
It’s pretty clear that a fair few Burnley fans think ALK don’t “get it” or “get us” or act in a certain way because they are “yanks”. That might well meet the definition of racism.
It's not just in sports per say but like I've posted on here before it's very much an American model.
Pointing this out is just calling a spade a spade and is absolutely nothing against Americans as people - though I do appreciate that my remarks in the past have been a bit inflamatory and not needed.
Re: Kieran Maguire statement..
So people aren't allowed to be concerned about the long term direction their club is going?
Re: Kieran Maguire statement..
We’ve gone from one extreme to the other. Not spending a penny of the clubs money on the team to line personal pockets to leveraging anything and shelling out crazy amounts of money. Some borrowing is fine but I do not like the idea of this one bit. We are probably spending more than we’ve ever spent in fees. Wages to players, management team and directors. Hopefully will all come good but we could have had the same outcome on the pitch this season by spending a whole load less. A few seasons n the Champ could put us in serious trouble.Woodleyclaret wrote: ↑Wed Jan 10, 2024 7:33 amDirectors and their dealings are a fact of modern football.Alsn Pace is an astute operator who is attempting to develop our team.Previously,we had some in charge who saw profits first and our team last.
Re: Kieran Maguire statement..
How do the plan to pay off these debts if we have 1 or 2 bad seasons in the Champ and dont go back up. Seems to me they are gambling completely on having PL money and exposure