ALK Capital or Farnell/Elkashashy takeover

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Terrier
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Re: ALK Capital...

Post by Terrier » Wed Oct 28, 2020 9:40 pm

Glen whatsisface on the blackburn forum saying the same
bloke was involved at deadwood in the anderson era and he
does not paint a good picture of him!

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Re: ALK Capital...

Post by arise_sir_charge » Wed Oct 28, 2020 9:42 pm

Terrier wrote:
Wed Oct 28, 2020 9:40 pm
Glen whatsisface on the blackburn forum saying the same
bloke was involved at deadwood in the anderson era and he
does not paint a good picture of him!
Another chancer Is Glen.

He piped down once they won a few games and realised the Venkys are actually keeping them afloat.

MRG
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Re: ALK Capital...

Post by MRG » Wed Oct 28, 2020 9:44 pm

Bowden suggesting the value of the club has reduced due to Covid and they are no longer paying the amount first agreed pre Covid
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Re: ALK Capital...

Post by GodIsADeeJay81 » Wed Oct 28, 2020 9:44 pm

Terrier wrote:
Wed Oct 28, 2020 9:40 pm
Glen whatsisface on the blackburn forum saying the same
bloke was involved at deadwood in the anderson era and he
does not paint a good picture of him!
Wasn't it Glen with the dossier of stuff to get rid of Venky's?

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Re: ALK Capital...

Post by ksrclaret » Wed Oct 28, 2020 9:44 pm

Well these clubs and people can't all be mistaken. Not heard one positive word about him, and the negatives aren't just little issues - they're pretty huge.

I think we can safely conclude that we don't want this bloke anywhere near our club, whether that's limited to brokering a deal between parties or taking a larger role in the running of the club. If Garlick really does sell up to this pair then I despair with Burnley FC.
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Re: ALK Capital...

Post by BurnleyFC » Wed Oct 28, 2020 9:46 pm

Cheerio, Mike.

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Re: ALK Capital...

Post by Steddyman » Wed Oct 28, 2020 9:46 pm

Charlton Boy wrote:
Wed Oct 28, 2020 9:11 pm
Those of you still thinking and hoping this could turn out ok.

Chris Farnell was the man at bury when they went under.
The same man who failed the fit and proper persons test just months ago at Charlton. Next to no one ever fails that test.

Chaps please listen to Swansea, bury, Charlton, Salisbury fans. This will not end well.
Chris Farnell is the man brought in by Bury when they were already going under, that's what he does, he's a football lawyer.

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Re: ALK Capital...

Post by Lowbankclaret » Wed Oct 28, 2020 9:46 pm

ksrclaret wrote:
Wed Oct 28, 2020 9:44 pm
Well these clubs and people can't all be mistaken. Not heard one positive word about him, and the negatives aren't just little issues - they're pretty huge.

I think we can safely conclude that we don't want this bloke anywhere near our club, whether that's limited to brokering a deal between parties or taking a larger role in the running of the club. If Garlick really does sell up to this pair then I despair with Burnley FC.
I agree

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Re: ALK Capital...

Post by Hedontplayforyou » Wed Oct 28, 2020 9:47 pm

Being someone who loves football and Particularly loves Burnley , it would hurt very much to see the club I’ve invested into my life so heavily to be destroyed by someone like Farnell. Hearing the history of this man it is a horror show at best in my opinion! With ALK we were seemingly stepping into the unknown , with Farnell we are flirting with an entity which is highly familiar with disaster zones! Scary times !
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Re: ALK Capital...

Post by aggi » Wed Oct 28, 2020 9:48 pm

claptrappers_union wrote:
Wed Oct 28, 2020 8:59 pm
I presume to sell the assets
I said this earlier on the thread

Buying Burnley to asset strip isn't really worth it.

The club is operating perfectly well at the moment, whoever buys it won't be picking it up for a bargain price. Our training ground and stadium aren't worth much because they don't really have value beyond a training ground and stadium.

We have a few players who could be sold for big money but not really enough to make up the purchase amount. You could in theory sell off all of our players to get a hugely reduced wage bill, get the money in for the players and bank the Premier League money but the kind of firesale to do that is going to depress the transfer values.
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Re: ALK Capital...

Post by daveisaclaret » Wed Oct 28, 2020 9:50 pm

Depressing.

I've not been keen on the mooted ALK takeover from the off. That may be because I'm naive and don't know much about these things and I'm not savvy enough to know why it was necessary, but regardless I was making peace with it. Been dissatisfied with the spending and am not particularly fussed about Garlick either way, but I have to say the one thing that allowed me to talk myself around to it was the posts from some pretty sensible folk on here who seemed confident in the takeover and even some suggestion they may see genuinely be buying the club as part of a plan to invest in the area. I took some comfort in seeing the sensible folk being comfortable with the names of local businessmen being attached, too.

Then one day it turns out a restaurant owner with an unknown source of money who just happens to fancy owning a Premier League football team is taking over, using a lawyer linked to some of the biggest disasters in modern English football to help. A lawyer whose name inspired multiple Charlton fans to come to the forum with dire warnings.

Feels pretty much like my worst nightmare. We'll see.

My praise and respect to those such as CT who will do what they can in support/defence of the football club.
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Re: ALK Capital...

Post by Whitgord » Wed Oct 28, 2020 9:51 pm

Come on, at least it’s a bit of excitement. What else have we to look forward to as Clarets? An unwinnable fight against much bigger fish in a small pond.

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Re: ALK Capital...

Post by Rileybobs » Wed Oct 28, 2020 9:51 pm

There’s certainly a lot of negativity around this bloke. But I asked a couple of hours ago if anyone could provide any substantial information to back up the claims. There seems like a lot of hot air. That’s not to say there’s nothing in it, as they say there’s no smoke without fire. But I think the reaction to this has been over the top and based on gut instinct.

I also wonder what role he played with his involvement at various clubs. He’s a sports lawyer so is unlikely to be the man fronting anything up and could well just be a conduit. It’s quite likely that he’s had dealings with the club in the past.

Definite reasons for concern, don’t get me wrong. But that’s why I always say be careful what you wish for.
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Re: ALK Capital...

Post by joey13 » Wed Oct 28, 2020 9:52 pm

aggi wrote:
Wed Oct 28, 2020 9:39 pm
Because they are Burnley fans who wanted to invest in the club.

If people really think that they are good enough businessmen to have planned taking over a loss-making championship club, getting it promoted to the premier league and selling it for £200m then they must realise there are dozens of other football clubs who'd pay millions for those services.
I get it you think Garlick and the Board can do no wrong

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Re: ALK Capital...

Post by daveisaclaret » Wed Oct 28, 2020 9:52 pm

Whitgord wrote:
Wed Oct 28, 2020 9:51 pm
Come on, at least it’s a bit of excitement. What else have we to look forward to as Clarets? An unwinnable fight against much bigger fish in a small pond.
The last five seasons haven't felt much like an unwinnable fight to me.
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Re: ALK Capital...

Post by NewClaret » Wed Oct 28, 2020 9:54 pm

Paul Waine wrote:
Wed Oct 28, 2020 8:52 pm
Burnley in takeover talks after suitor Chris Farnell’s EFL ownership ban is lifted

Jonathan Northcroft, Wednesday October 28 2020, 5.00pm, The Times

A source close to the pair claims they are closing in on a deal, having provided proof of funding and concluded a sale-and-purchase agreement with Mike Garlick, Burnley’s chairman and main stakeholder, who owns 49.24 per cent of the club’s shares, after negotiations that have been underway for almost 12 months.

Farnell was cleared to pursue his bid for Burnley by an independent arbitration panel today, which ruled that an EFL ban on him owning a football club should be limited to five weeks, backdated to September 14.

Burnley declined to comment. However, it is understood that both the Elkashashy/Farnell bid and ALK Capital’s proposal are being given consideration.
1. If an SPA has been signed, it’s binding. Done deal. If that is true, how can ALK’s proposal still be given consideration? Very bad reporting.

2. Worrying if release of this news has coincided with Farnell’s EFL ban being overturned!! But just would not tie in with Garlick’s previous “right fit” comments.

Very Confusing.

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Re: ALK Capital...

Post by Steve-Harpers-perm » Wed Oct 28, 2020 9:54 pm

Simon Evans has just tweeted talks with ALK Capital are still ongoing.
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Re: ALK Capital...

Post by Pimlico_Claret » Wed Oct 28, 2020 9:54 pm

Newcastleclaret93 wrote:
Wed Oct 28, 2020 9:36 pm
Is the mass hysteria about this just due to our lack of experience in wealthy owners?

I mean you go down the premier league and it is just a list of dodgy individuals.

Can’t see anything any worse with Farnell and the Egyptian than say an oligarch or Thai company.

Maybe this is jus the next step in our progression and Garlick would still be at the helm regardless
Progression to what, exactly?

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Re: ALK Capital...

Post by quoonbeatz » Wed Oct 28, 2020 9:55 pm

Steddyman wrote:
Wed Oct 28, 2020 9:46 pm
Chris Farnell is the man brought in by Bury when they were already going under, that's what he does, he's a football lawyer.
What does a 'football lawyer' do? It's a made up term. He's a lawyer who works for whoever is paying him - usually someone dodgy going by his track record.

There are massive red flags over his involvement, it would be very naive to ignore them.
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Re: ALK Capital...

Post by Whitgord » Wed Oct 28, 2020 9:56 pm

In response to Daveisaclaret: Me neither, but it’s not going to last forever without a huge change in our financial backing. I reckon we should be a mid table championship side based on fan base and demographic. Maybe that’s where we will end up. Like is I said, at least some sort of change at the top will give us a bit more interest. Obviously I would hate to drop down and down the leagues and would never want that but we do have to be realistic.
Last edited by Whitgord on Wed Oct 28, 2020 9:57 pm, edited 1 time in total.

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Re: ALK Capital...

Post by whentheballmoves » Wed Oct 28, 2020 9:56 pm

Steddyman wrote:
Wed Oct 28, 2020 9:46 pm
Chris Farnell is the man brought in by Bury when they were already going under, that's what he does, he's a football lawyer.
A mate of mine is a Bury fan, who was involved in setting up the new phoenix club. He is someone I've known for 25 years+, and he says CF is dangerous. He's not prone to melodramatic statements, either.

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Re: ALK Capital...

Post by Bordeauxclaret » Wed Oct 28, 2020 9:59 pm

So apart from being involved in
Charlton
Bury
Bolton
Swansea
Leeds
A non league club that went under
and potentially Rovers


he’s done a good job at others clubs yeah?
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iainment
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Re: ALK Capital...

Post by iainment » Wed Oct 28, 2020 9:59 pm

Beware they’re poison.

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Re: ALK Capital...

Post by BOYSIE31 » Wed Oct 28, 2020 9:59 pm

Let's hope the Egyptian backers are very wealthy
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Re: ALK Capital...

Post by ksrclaret » Wed Oct 28, 2020 10:02 pm

Bordeauxclaret wrote:
Wed Oct 28, 2020 9:59 pm
So apart from being involved in
Charlton
Bury
Bolton
Swansea
Leeds
A non league club that went under
and potentially Rovers


he’s done a good job at others clubs yeah?
Hell of a CV, that. I wouldn't be surprised if he'd been spotted hanging around Wuhan in late 2019.
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Re: ALK Capital...

Post by SGr » Wed Oct 28, 2020 10:02 pm

Bordeauxclaret wrote:
Wed Oct 28, 2020 9:59 pm
So apart from being involved in
Charlton
Bury
Bolton
Swansea
Leeds
A non league club that went under
and potentially Rovers
he’s done a good job at others clubs yeah?
He’s a Macclesfield and Wigan away from completing the set there. Christ almighty.

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Re: ALK Capital...

Post by Herts Clarets » Wed Oct 28, 2020 10:03 pm

Steve-Harpers-perm wrote:
Wed Oct 28, 2020 9:54 pm
Simon Evans has just tweeted talks with ALK Capital are still ongoing.
Boden tweeted that contracts have been exchanged. They can't both be correct....

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Re: ALK Capital...

Post by Rileybobs » Wed Oct 28, 2020 10:03 pm

Bordeauxclaret wrote:
Wed Oct 28, 2020 9:59 pm
So apart from being involved in
Charlton
Bury
Bolton
Swansea
Leeds
A non league club that went under
and potentially Rovers


he’s done a good job at others clubs yeah?
That list is horrific. But in what capacity was he acting in for each of those clubs? Again, I’m not defending the bloke, I’d just like to know actual facts. Because why would our board even consider dealing with someone as ‘dangerous’ as he’s been painted on here?

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Re: ALK Capital...

Post by Newcastleclaret93 » Wed Oct 28, 2020 10:03 pm

Bordeauxclaret wrote:
Wed Oct 28, 2020 9:59 pm
So apart from being involved in
Charlton
Bury
Bolton
Swansea
Leeds
A non league club that went under
and potentially Rovers


he’s done a good job at others clubs yeah?
Bordeaux you seem very adamant that this bloke personally ran these clubs into the ground.

Am I missing something? He is a LAWYER not the owners of these clubs or even a shareholder. he’s probably been brought into these poorly ran clubs to get his clients out of sticky situations. Until we know what his role is with Burnley why is everyone jumping the gun
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Re: ALK Capital...

Post by Steve-Harpers-perm » Wed Oct 28, 2020 10:04 pm

Herts Clarets wrote:
Wed Oct 28, 2020 10:03 pm
Boden tweeted that contracts have been exchanged. They can't both be correct....
Seems to be a lot of conflicting reports today that’s for sure.

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Re: ALK Capital...

Post by Bordeauxclaret » Wed Oct 28, 2020 10:04 pm

SGr wrote:
Wed Oct 28, 2020 10:02 pm
He’s a Macclesfield and Wigan away from completing the set there. Christ almighty.
https://london-post.co.uk/wigan-athleti ... n-control/

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Re: ALK Capital...

Post by OffTheBar » Wed Oct 28, 2020 10:07 pm

This group seems to fit in more with Daniel’s comments pre-ALK, with reference to Egyptian interest. At that point he mentioned big money backing and interest in wider community links.

So, is this necessarily the bad outcome many seem to be portraying? There must be a reason this appears to be Garlick’s favoured deal, other than remaining at the helm.

I appreciate it’s human nature to worry, but let’s wait to see what the full story is.
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Re: ALK Capital...

Post by Inchy » Wed Oct 28, 2020 10:07 pm

I do not believe Barry Kilby would sit by and let harm come to the club.

I know he isn’t the major shareholder anymore but he has a powerful voice and is loved by the fans

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Re: ALK Capital...

Post by ClaretTony » Wed Oct 28, 2020 10:07 pm

Rileybobs wrote:
Wed Oct 28, 2020 9:51 pm
There’s certainly a lot of negativity around this bloke. But I asked a couple of hours ago if anyone could provide any substantial information to back up the claims. There seems like a lot of hot air. That’s not to say there’s nothing in it, as they say there’s no smoke without fire. But I think the reaction to this has been over the top and based on gut instinct.

I also wonder what role he played with his involvement at various clubs. He’s a sports lawyer so is unlikely to be the man fronting anything up and could well just be a conduit. It’s quite likely that he’s had dealings with the club in the past.

Definite reasons for concern, don’t get me wrong. But that’s why I always say be careful what you wish for.
There’s more than hot air I can assure you. It’s about trying to find out what is out there, how serious it could be and then determining what, if anything, can be done if it is felt necessary.

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Re: ALK Capital...

Post by Wile E Coyote » Wed Oct 28, 2020 10:08 pm

daveisaclaret wrote:
Wed Oct 28, 2020 9:50 pm
Depressing.

I've not been keen on the mooted ALK takeover from the off. That may be because I'm naive and don't know much about these things and I'm not savvy enough to know why it was necessary, but regardless I was making peace with it. Been dissatisfied with the spending and am not particularly fussed about Garlick either way, but I have to say the one thing that allowed me to talk myself around to it was the posts from some pretty sensible folk on here who seemed confident in the takeover and even some suggestion they may see genuinely be buying the club as part of a plan to invest in the area. I took some comfort in seeing the sensible folk being comfortable with the names of local businessmen being attached, too.

Then one day it turns out a restaurant owner with an unknown source of money who just happens to fancy owning a Premier League football team is taking over, using a lawyer linked to some of the biggest disasters in modern English football to help. A lawyer whose name inspired multiple Charlton fans to come to the forum with dire warnings.

Feels pretty much like my worst nightmare. We'll see.

My praise and respect to those such as CT who will do what they can in support/defence of the football club.


I take your point , but I think its inevitable that whoever takes over will be heavily scrutinised and criticised by our fans.
Had it been other names mentioned, I rather doubt we would be whooping it up with party poppers.
Not long ago when supporters posted about potential takeover, it clearly divided opinion. Some were thinking we might be able to acquire better players if there was an influx of cash into the coffers. Others were sceptical based on shenanigans elsewhere in the leagues.I'm like you, I don't understand the finances at all, so I find it difficult to know whether this is potentially beneficial, or a recipe for disaster. One thing is, we had no say in affairs when the current regime took charge, we as fans just look on from afar at boardroom matters. And for all the flak flying about now, the club have progressed beyond our expectations despite control being in the hands of owners being vilified on here and other forums. We'll just have to sit this one out and pray we still have a club to follow in the seasons to come.

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Re: ALK Capital...

Post by Danieljwaterhouse » Wed Oct 28, 2020 10:08 pm

Rileybobs wrote:
Wed Oct 28, 2020 10:03 pm
That list is horrific. But in what capacity was he acting in for each of those clubs? Again, I’m not defending the bloke, I’d just like to know actual facts. Because why would our board even consider dealing with someone as ‘dangerous’ as he’s been painted on here?
He’s a sports lawyer who has been brought in to legally advise when clubs are on there backsides. Are we in our backsides? Or are we different?

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Re: ALK Capital...

Post by SalisburyClaret » Wed Oct 28, 2020 10:09 pm

We now know why they didn’t want to bet the ranch - they were saving it for the cowboys

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Re: ALK Capital...

Post by BurnleyFC » Wed Oct 28, 2020 10:09 pm

Inchy wrote:
Wed Oct 28, 2020 10:07 pm
I do not believe Barry Kilby would sit by and let harm come to the club.

I know he isn’t the major shareholder anymore but he has a powerful voice and is loved by the fans
Give over, man. Money talks. Even with Barry Kilby.

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Re: ALK Capital...

Post by Pimlico_Claret » Wed Oct 28, 2020 10:09 pm

Newcastleclaret93 wrote:
Wed Oct 28, 2020 10:03 pm
Bordeaux you seem very adamant that this bloke personally ran these clubs into the ground.

Am I missing something? He is a LAWYER not the owners of these clubs or even a shareholder. he’s probably been brought into these poorly ran clubs to get his clients out of sticky situations. Until we know what his role is with Burnley why is everyone jumping the gun
He's a LAWYER, say no more.

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Re: ALK Capital...

Post by HunterST_BFC » Wed Oct 28, 2020 10:09 pm

Somethings don't smell right

2020 is really trying hard to finish me off. It really is.

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Re: ALK Capital...

Post by quoonbeatz » Wed Oct 28, 2020 10:10 pm

Charlton opinion on what role Farnell plays. Obviously to be taken with a pinch of salt but I'm yet to see anyone say anything positive about him anywhere.
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Re: ALK Capital...

Post by KRBFC » Wed Oct 28, 2020 10:12 pm

Newcastleclaret93 wrote:
Wed Oct 28, 2020 10:03 pm
Bordeaux you seem very adamant that this bloke personally ran these clubs into the ground.

Am I missing something? He is a LAWYER not the owners of these clubs or even a shareholder. he’s probably been brought into these poorly ran clubs to get his clients out of sticky situations. Until we know what his role is with Burnley why is everyone jumping the gun
My thoughts exactly, many on here seem to think Farnell took over these clubs and ran them into the ground, id like more facts before judging.
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Re: ALK Capital...

Post by ksrclaret » Wed Oct 28, 2020 10:12 pm

Inchy wrote:
Wed Oct 28, 2020 10:07 pm
I do not believe Barry Kilby would sit by and let harm come to the club.

I know he isn’t the major shareholder anymore but he has a powerful voice and is loved by the fans
I keep coming back to this as well. Surely this can't be going through without him fighting it. He loves BFC as much as any fan does and he's worked tirelessly in safeguarding the club in the past. I'd love to know his views on this and what, if anything, he could do to stop it.

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Re: ALK Capital...

Post by JohnDearyMe » Wed Oct 28, 2020 10:14 pm

Bordeauxclaret wrote:
Wed Oct 28, 2020 9:59 pm
So apart from being involved in
Charlton
Bury
Bolton
Swansea
Leeds
A non league club that went under
and potentially Rovers


he’s done a good job at others clubs yeah?
Sounds like he's the Chris Grayling of the football legal world
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Rileybobs
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Re: ALK Capital...

Post by Rileybobs » Wed Oct 28, 2020 10:15 pm

ClaretTony wrote:
Wed Oct 28, 2020 10:07 pm
There’s more than hot air I can assure you. It’s about trying to find out what is out there, how serious it could be and then determining what, if anything, can be done if it is felt necessary.
Perhaps hot air was the wrong phrase. I have only read fairly unsubstantiated stories where he is tenuously linked with clubs that have since declined. I haven’t really seen what his actual involvement has been. He’s also had involvement with Ronaldo and Martinez, and by the same token I won’t accredit their successful careers with him.

I presume you’re privy to more information than me so I’m happy to trust your word that his involvement is not good news. I would just like to know a little more information, particularly in what his role is in this potential takeover. For all I know he could be acting as an intermediary.

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Re: ALK Capital...

Post by ewanrob » Wed Oct 28, 2020 10:15 pm

Boden
Still up making/receiving calls, and there’s a lot to take in at present, but here’s some form of update - ALK understanding is discussions very much still going on, meetings still ongoing in diary between Alan Pace and Mike Garlick....#confusednow

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Re: ALK Capital...

Post by bennitor » Wed Oct 28, 2020 10:18 pm

Can't believe anyone who thinks this is hot air or plays it down. Supporters from so many other clubs coming forward to us to proactively warn how dodgy this guy is and still people want to find our more facts and think it might just be stories.

Burnley FC is a huge part of all of our lives - why would we even consider getting into bed with someone like this. Even if his intentions this sixth or seventh time round were good, why on earth would we want to take that chance with that kind of track record.

Sad times.
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Re: ALK Capital...

Post by ewanrob » Wed Oct 28, 2020 10:19 pm

Boden
ALK want to be in there for January, regardless of results, to have that option to invest, Alan Pace big fan of Sean Dyche

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Re: ALK Capital...

Post by MRG » Wed Oct 28, 2020 10:19 pm

ewanrob wrote:
Wed Oct 28, 2020 10:15 pm
Boden
Still up making/receiving calls, and there’s a lot to take in at present, but here’s some form of update - ALK understanding is discussions very much still going on, meetings still ongoing in diary between Alan Pace and Mike Garlick....#confusednow
This is exactly what I’m hearing, possible from the same source. Also the club are massively distancing themselves from ‘the lawyer’
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Re: ALK Capital...

Post by Rileybobs » Wed Oct 28, 2020 10:19 pm

bennitor wrote:
Wed Oct 28, 2020 10:18 pm
Can't believe anyone who thinks this is hot air or plays it down. Supporters from so many other clubs coming forward to us to proactively warn how dodgy this guy is and still people want to find our more facts and think it might just be stories.

Burnley FC is a huge part of all of our lives - why would we even consider getting into bed with someone like this. Even if his intentions this sixth or seventh time round were good, why on earth would we want to take that chance with that kind of track record.

Sad times.
I dunno, facts are kind of important.

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