ALK Capital or Farnell/Elkashashy takeover

[Hedontplayforyou]

Adding Wilson to the squad - a relatively young, highly rated prospect in your squad would possibly have made Burnley a bit more attractiveness to a potential buyer?

Or either of the potential buyers may have spoken with Garlick and been involved with trying to bring Wilson to Turf Moor?

Nobody knows! What we do know is that we need our manager to be in the loop regarding who is trying to be brought in etc. And most importantly we need our first win of the season.

[Charlton Boy]

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[Grumps]

FYI the guy who did the horrendously over the top PR piece in the mirror is the same man who’s spin was received by email to our fans group saying much the same thing. He also allegedly created a twitter account to goad Charlton fans when things were going down the pan and the fans turned on Farnell. In fact, when Charlton came close to going bust over the summer due to the leeches involved in the club a number of Manchester based twitter accounts were created to mock us as we fought through the courts to get back control.

Please see it for what it is, a PR piece put out by Farnell to stop the truth about who he is and what’s he’s done comes out.

Our trust is speaking to your fan group next week I believe. I am sure you will get more information.

As I’ve said, do not trust this man one bit. His CV says it all. Fight this with everything you have.

Is anything said in the article false?

[Nonayforever]

Mirror article:


Burnley fans have been told controversial sports lawyer Chris Farnell is the right man to take them forward in a proposed £200million takeover.

And Scott Johnson, at the heart of the battle to save Bury FC from extinction, believes fans should be embracing Farnell's involvement with Egyptian businessman Mohamed Elkashashy - not fearing it.

Farnell was criticised for trying to help save Bury FC after being asked by Johnson, general manager at Gigg Lane, to help out.

Johnson insists only incompetence by the EFL and meddling by owner Steve Dale were to blame for the club’s demise – not Farnell

“I asked Chris to help us at Bury because I knew he was vastly experienced and had many, many contacts in football.

“He was there whenever we needed him, he didn’t ask for a penny and did everything he could to save the club.

“In the end, we had three bids on the table - all before the deadline - and yet for some reason they weren’t considered by the EFL.

“The bid was genuine, funds had been proved and the bid came from a close friend of our goalkeeping coach, not Chris who proved to be a wealth of knowledge and never once asked for payment.

“I would trust him with my life and Burnley FC have nothing to worry about.”

“And I'm certain he'll be a huge asset to Sean Dyche when it comes to signing players.

I have to ask the question why would a lawyer, who makes a living from giving advice, give his advice which has taken his working life to accumulate for free ?

[Grumps]

I have to ask the question why would a lawyer, who makes a living from giving advice, give his advice which has taken his working life to accumulate for free ?

I've had free advice off some very successful solicitors and barristers
No difference than anybody doing things free for mates

[Charlton Boy]

Is anything said in the article false?

It’s a PR piece, see it for what it is. Google Farnell and you’ll see what is correct and what isn’t.

[Grumps]

It’s a PR piece, see it for what it is. Google Farnell and you’ll see what is correct and what isn’t.

I know what it is, but is anything false in it, to your knowledge.

[kaptin1]

Dyche's first game team: Grant, Edgar, Shackell, Duff, Tripier, Mee, Wallace, Marney, Stock, Paterson, Austin. Subs: Ings, Stanislav, Vokes, Lafferty D, Jensen, Stewart, Long K.

And yesterday: Pope, Lowton, Long, Tarkowski, Taylor, Brownhill, Westwood, Stephens, McNeil, Wood, Barnes. Subs: Brady, Peacock-Farell, Rodriquez, Vydra, Thompson, Dunne, Richardson.

You may nit pick that it wasn't in 'this league' but I think the point is obvious.

Looks like we’ve gone backwards to me. Long couldn’t even make the starting line up in that first squad

[Charlton Boy]

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[jtv]

The article says "The bid was genuine, funds had been proved and the bid came from a close friend of our goalkeeping coach, not Chris who proved to be a wealth of knowledge and never once asked for payment."

Reality: Before confirming his willingness to sell, Dale told Sky Sports News: "I was contacted by lawyer Chris Farnell late this afternoon saying he had someone interested - no name, no offer and that was it.

Again, just do some digging, it's all out there.

Difficult to say who the bigger liar is between Dale and Farnell

[Grumps]

The article says "The bid was genuine, funds had been proved and the bid came from a close friend of our goalkeeping coach, not Chris who proved to be a wealth of knowledge and never once asked for payment."

Reality: Before confirming his willingness to sell, Dale told Sky Sports News: "I was contacted by lawyer Chris Farnell late this afternoon saying he had someone interested - no name, no offer and that was it.

Again, just do some digging, it's all out there.

If the interested person, was a close friend of the goalkeeping coach, then both versions could be correct.
Anyway, time will tell if this ever happens, and if it does whether it's good or bad. Nothing I or anyone else can do about it.

[Charlton Boy]

If the interested person, was a close friend of the goalkeeping coach, then both versions could be correct.
Anyway, time will tell if this ever happens, and if it does whether it's good or bad. Nothing I or anyone else can do about it.

Wrong - There is a hell of a lot you can do. Look at what we have done over the years to remove horrendous owners.

[Hedontplayforyou]

Given the persistence from Charlton Boy, I’d say that he is probably much more knowledgeable about Farnell than any of us, and for him to keep appearing on this message board to send out warnings it seems to me that his concern may well be well placed.

Why would Charlton Boy be wasting his time coming on here if he was just “trolling” as the kids say?

I think we need to be very wary of who we sell to, why would a “lawyer” be involved in running a football club? Perhaps he will just be an adviser for the buying party as it goes through, but it doesn’t seem that way from the stories going around - and he comes across as a toxic entity in the clubs he’s been involved with

[Grumps]

Wrong - There is a hell of a lot you can do. Look at what we have done over the years to remove horrendous owners.

Different scenario
If someone offers 200mil, and the board accept, then iam afraid it will go ahead, too much at stake on either side to let a few disgruntled fans get in the way, plus we don't know yet if they are horrendous owners, like you have had to suffer. As far as iam aware the guy wanting to buy us, has never owned your club
Iam more against than for this deal, but I like to deal in facts, and we don't have them yet.

[Charlton Boy]

You need to know where exactly the money is coming from. Demand answers. If the bid is genuine and above board this shouldn’t be a problem. Finding the money trail is key.

I’m genuinely not trolling you chaps, I’m someone who was involved and vocal during the past 6 months when we fought as a fan base to stop our club going under. We’re all football fans and I don’t want your club to suffer like ours and bury.

[NewClaret]

You need to know where exactly the money is coming from. Demand answers. If the bid is genuine and above board this shouldn’t be a problem. Finding the money trail is key.

I’m genuinely not trolling you chaps, I’m someone who was involved and vocal during the past 6 months when we fought as a fan base to stop our club going under. We’re all football fans and I don’t want your club to suffer like ours and bury.

Wasn’t it the same Egyptian guy behind your bid? If so, did you ever find out where his money was coming from?

[Charlton Boy]

We have a thread on our forum on this topic. This isn’t just me saying this as a disgruntled fan, it’s our whole fan base who have been witness to the goings on over the past 6 months.

[Charlton Boy]

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[Grumps]

We have a thread on our forum on this topic. This isn’t just me saying this as a disgruntled fan, it’s our whole fan base who have been witness to the goings on over the past 6 months.

I was referring to our disgruntled fans, not yours

Like I've said there are no facts yet on our bid to form an informed opinion one way or another.

[joey13]

I was referring to our disgruntled fans, not yours

Like I've said there are no facts yet on our bid to form an informed opinion one way or another.

Apart from who’s making the bid

[Rileybobs]

Apart from who’s making the bid

We know who’s heading up the bid. We don’t know who they are representing and where the funds to buy and run the club are coming from.

[Grumps]

Apart from who’s making the bid

Fact? Or just newspaper reports
And what do we know about the buyer?

[Newcastleclaret93]

All we know at the moment is that There has been proof of funds shown, which is more than the Saudi consortium could manage with Newcastle.

Also that farnell is involved in some capacity. Apart from that us fans have no other info

[Paul Waine]

All we know at the moment is that There has been proof of funds shown, which is more than the Saudi consortium could manage with Newcastle.

Also that farnell is involved in some capacity. Apart from that us fans have no other info

Hi Newcastlec93, I'd not heard that Saudi company couldn't provide "proof of funds." I thought it was other issues that the FA/PL were taking their time on to determine Fit and Proper owners test. Wasn't the Saudi entity a state owned/backed investment vehicle?

[Grumps]

All we know at the moment is that There has been proof of funds shown, which is more than the Saudi consortium could manage with Newcastle.

Also that farnell is involved in some capacity. Apart from that us fans have no other info

Do we know that though, as a fact, or as a newspaper report that has not been confirmed or denied anywhere.

[arise_sir_charge]

I don’t think Charlton Boy realises that we are a private limited company as opposed to a public one like Charlton.

Buying and seeking shares in private limited companies is much different to buying them in a Plc.

[NewClaret]

Do we know that though, as a fact, or as a newspaper report that has not been confirmed or denied anywhere.

I agree. Given the original story broke in the Mirror and today’s article of support for Farnell is also in the Mirror, suggests they’re using that paper as their mouthpiece. In which case, difficult to believe it’s all true.

Would love to know if they ha e actually got the money, and if so, where it’s from.

[Grumps]

I agree. Given the original story broke in the Mirror and today’s article of support for Farnell is also in the Mirror, suggests they’re using that paper as their mouthpiece. In which case, difficult to believe it’s all true.

Would love to know if they ha e actually got the money, and if so, where it’s from.

I agree... And elsewhere, particularly locally the Americans are still in the mix
We may find out if they have the money. Where it's from is another matter and not really sure they have to make it public..

[joey13]

We know who’s heading up the bid. We don’t know who they are representing and where the funds to buy and run the club are coming from.

What funds it’s all a sham

[Dark Cloud]

Has that waste of oxygen who reckoned he once owned Watford and pretended to try to buy Bolton waded in yet, because he's the only one missing here for a full house of Walter Mittys IMO! His name escapes me, but no doubt he'll be along at some point. This "takeover" is rapidly becoming a public joke!

[Rileybobs]

What funds it’s all a sham

I don’t know what makes you think that. And if it is then you don’t have anything to worry about because they won’t be able to purchase the club.

[Grumps]

Has that waste of oxygen who reckoned he once owned Watford and pretended to try to buy Bolton waded in yet, because he's the only one missing here for a full house of Walter Mittys IMO! His name escapes me, but no doubt he'll be along at some point. This "takeover" is rapidly becoming a public joke!

Public joke? Really, Where's that been taking place?

[joey13]

I don’t know what makes you think that. And if it is then you don’t have anything to worry about because they won’t be able to purchase the club.

Funds as in funds for the club , so thats 200 million for Garlick and his merry men and that leaves what for investment , dream on

[Charlton Boy]

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[Rileybobs]

Funds as in funds for the club , so thats 200 million for Garlick and his merry men and that leaves what for investment , dream on

I don’t understand what you’re saying. If they don’t have the funds to buy the club then they can’t buy the club. If they can’t prove they have the funds to run the club then they can’t buy the club.

[Dark Cloud]

Public joke? Really, Where's that been taking place?

It's been dragging on and on in a very public way for weeks and weeks now. Crumbs Grumps, we've got 45 pages on it here and actually NOTHING has happened. Yet speculation about it is on everybody's lips (not just clarets fans) and in every newspaper almost daily. And now we've got potential wide boys and chancers joining in because it's all so public and all seems to be stalling. That's unsettling for everyone and not least SD and the players. IF a takeover was ever going to happen, I genuinely expected we'd hear nothing about it whatsoever until it was suddenly announced as done deal. That's how i would have EXPECTED Garlick to conduct his business. The fact that Charlton Boy is now even suggesting we may become the next Charlton or Bury or Bolton is frightening enough.

[Grumps]

What funds it’s all a sham

I see you've still failed to get your IQ up to the same level as your user name

[arise_sir_charge]

It's been dragging on and on in a very public way for weeks and weeks now. Crumbs Grumps, we've got 45 pages on it here and actually NOTHING has happened. Yet speculation about it is on everybody's lips (not just clarets fans) and in every newspaper almost daily. And now we've got potential wide boys and chancers joining in because it's all so public and all seems to be stalling. That's unsettling for everyone and not least SD and the players. IF a takeover was ever going to happen, I genuinely expected we'd hear nothing about it whatsoever until it was suddenly announced as done deal. That's how i would have EXPECTED Garlick to conduct his business. The fact that Charlton Boy is now even suggesting we may become the next Charlton or Bury or Bolton is frightening enough.

For the umpteenth time, those clubs were all complete basket case clubs long before anyone linked with this deal came along.

[Grumps]

It's been dragging on and on in a very public way for weeks and weeks now. Crumbs Grumps, we've got 45 pages on it here and actually NOTHING has happened. Yet speculation about it is on everybody's lips (not just clarets fans) and in every newspaper almost daily. And now we've got potential wide boys and chancers joining in because it's all so public and all seems to be stalling. That's unsettling for everyone and not least SD and the players. IF a takeover was ever going to happen, I genuinely expected we'd hear nothing about it whatsoever until it was suddenly announced as done deal. That's how i would have EXPECTED Garlick to conduct his business. The fact that Charlton Boy is now even suggesting we may become the next Charlton or Bury or Bolton is frightening enough.

The American bids been reported for a month?
This second one 5 days? Not weeks and weeks
Don't let the number of posts on here be a sign of anything
I've seen very little in the papers, certainly nothing untoward
Everything I've heard on the radio or TV has been positive.
And we've now got to judge it on the say so of a Charlton fan

I think I know where the joke is now.

[Herts Clarets]

Is it feasible that a potential buyer could do a Glazer? Pay money for the club then borrow against assets to recoup their expenditure, thus placing the club £200m in debt?

[Dark Cloud]

I still maintain it's in danger of becoming a media circus when I would expect better of Garlick and of any decent potential buyer.
And it's really not that hard to become the next "basket case". You're only ever one greedy owner cashing in by selling to somebody he probably hasn't even met!

[Paul Waine]

Is it feasible that a potential buyer could do a Glazer? Pay money for the club then borrow against assets to recoup their expenditure, thus placing the club £200m in debt?

Yes, it's possible. How much debt do you think Burnley's assets could raise? I suggest it's nowhere near £200m.

UTC

[clarethomer]

Is it feasible that a potential buyer could do a Glazer? Pay money for the club then borrow against assets to recoup their expenditure, thus placing the club £200m in debt?

What assets - we have a ground worthless as anything else. The PL money is taken up on contracts/wages in the main.

The club gave up their overdraft facility I believe.

Not sure how they would finance £200m and enough to make it profitable for them given that they have to give this to the board?

I could be missing something obvious here but we are not a club worth asset stripping from what I can see.

[Paul Waine]

What assets - we have a ground worthless as anything else. The PL money is taken up on contracts/wages in the main.

The club gave up their overdraft facility I believe.

Not sure how they would finance £200m and enough to make it profitable for them given that they have to give this to the board?

I could be missing something obvious here but we are not a club worth asset stripping from what I can see.

The way it will work, clarethomer, is that several of the players can be sold. Let's say £40m for Tarks, £40m for Dwight, £40m for Nick Pope. That's £120m of "assets" from just 3 players there. Sell them, there's only a shortfall of £80m to cover from everything else - and then the new investors will have broken even. They'd be "quids in" - but, hang on, don't we need to stay in the Premier League to keep picking up £100+ p.a. (forgetting to c-19 tv rebates).

No, I'm pretty sure it's not an attractive target for an asset stripper.

UTC

EDIT: Of course, my transfer values are "made up" - and ignore the sell-on to Brentford etc etc etc.

[Winstonswhite]

Why is there no information out there about how this Mo El Kashashy has made his supposed wealth?

[joey13]

I see you've still failed to get your IQ up to the same level as your user name

Personal abuse , again , nothing changes , embarrassing yourself

[Grumps]

Why is there no information out there about how this Mo El Kashashy has made his supposed wealth?

Why should there be?

[PaintYorkClaretnBlue]

The way it will work, clarethomer, is that several of the players can be sold. Let's say £40m for Tarks, £40m for Dwight, £40m for Nick Pope. That's £120m of "assets" from just 3 players there. Sell them, there's only a shortfall of £80m to cover from everything else - and then the new investors will have broken even. They'd be "quids in" - but, hang on, don't we need to stay in the Premier League to keep picking up £100+ p.a. (forgetting to c-19 tv rebates).

No, I'm pretty sure it's not an attractive target for an asset stripper.

UTC

EDIT: Of course, my transfer values are "made up" - and ignore the sell-on to Brentford etc etc etc.

My view too, we don’t seem to be the best club to asset strip if the purchase price is £200m. If the club was boho for a quid then you could make a decent profit but as it’s not........

[bfcjg]

https://www.thenationalnews.com/busines ... n-1.659545
Read this a couple of times no mention of football,no mention of Burnley, this whole thing stinks of asset stripping. It will end in tears ; our tears.

[cbx750]

https://www.thenationalnews.com/busines ... n-1.659545
Read this a couple of times no mention of football,no mention of Burnley, this whole thing stinks of asset stripping. It will end in tears ; our tears.

That article is 6 years old.