Gonna discuss Clarets take over .

Lots of speculation about something they don't really have an inside view of.

Be like reading the threads on here, but in audio form.

Ptgclaret wrote: ↑

Wed Feb 03, 2021 12:12 pm

Lots of speculation about something they don't really have an inside view of.

Be like reading the threads on here, but in audio form.

UTC audiobook threads would be brilliant

Ptgclaret wrote: ↑

Wed Feb 03, 2021 12:12 pm

Lots of speculation about something they don't really have an inside view of.

Be like reading the threads on here, but in audio form.

You seem very familiar with us all despite having a mere 23 posts...

On now

Thanks fo the heads up. Simon Jordan always a good listen.

Summary from Jordan and White show:

Used £30 million of own money
Borrowed £70 million from Dell
Borrowed rest from BFC
Classic American Leveraged Takeover
They’ve acquired a £200 million asset for £30 million
The real benefit is for Garlick and JB
Paid top dollar unlike Man Utd
Not like Major League Soccer where no relegation
The new owners have a wake up call coming
Fans right to look between the cracks
Relegation is real risk and debt serving could be £11 million a year
They could get it right but if relegation happens owners won’t be around for long

Boss Hogg wrote: ↑

Wed Feb 03, 2021 12:52 pm

Summary from Jordan and White show:

Used £30 million of own money
Borrowed £70 million from Dell
Borrowed rest from BFC
Classic American Leveraged Takeover
They’ve acquired a £200 million asset for £30 million
The real benefit is for Garlick and JB
Paid top dollar unlike Man Utd
Not like Major League Soccer where no relegation
The new owners have a wake up call coming
Fans right to look between the cracks
Relegation is real risk and debt serving could be £11 million a year
They could get it right but if relegation happens owners won’t be around for long

Good summary

Boss Hogg wrote: ↑

Wed Feb 03, 2021 12:52 pm

Summary from Jordan and White show:

Used £30 million of own money
Borrowed £70 million from Dell
Borrowed rest from BFC
Classic American Leveraged Takeover
They’ve acquired a £200 million asset for £30 million
The real benefit is for Garlick and JB
Paid top dollar unlike Man Utd
Not like Major League Soccer where no relegation
The new owners have a wake up call coming
Fans right to look between the cracks
Relegation is real risk and debt serving could be £11 million a year
They could get it right but if relegation happens owners won’t be around for long

He didn't say that last bit about the owners disappearing if we get relegated, he said we'd the find out the cut of their gib.

Boss Hogg wrote: ↑

Wed Feb 03, 2021 12:52 pm

Summary from Jordan and White show:

Used £30 million of own money
Borrowed £70 million from Dell
Borrowed rest from BFC
Classic American Leveraged Takeover
They’ve acquired a £200 million asset for £30 million
The real benefit is for Garlick and JB
Paid top dollar unlike Man Utd
Not like Major League Soccer where no relegation
The new owners have a wake up call coming
Fans right to look between the cracks
Relegation is real risk and debt serving could be £11 million a year
They could get it right but if relegation happens owners won’t be around for long

So basically, the ALK thread from yesterday but in radio format?

I’m amazed that we’ve heard nothing from Pace since his pre deadline interview.

Since then, there’s been an inactive deadline day, rumours of scrabbling to find funds, rumours of looking to purchase a club in Italy, and a growing number of media stories questioning the takeover.

For someone keen on communication, he’s gone very quiet all of a sudden.

Jib, its jib. A type of sail.

DCWat wrote: ↑

Wed Feb 03, 2021 1:01 pm

I’m amazed that we’ve heard nothing from Pace since his pre deadline interview.

Since then, there’s been an inactive deadline day, rumours of scrabbling to find funds, rumours of looking to purchase a club in Italy, and a growing number of media stories questioning the takeover.

For someone keen on communication, he’s gone very quiet all of a sudden.

Hard to argue with that.

Very strange time to quiet.

DCWat wrote: ↑

Wed Feb 03, 2021 1:01 pm

I’m amazed that we’ve heard nothing from Pace since his pre deadline interview.

Since then, there’s been an inactive deadline day, rumours of scrabbling to find funds, rumours of looking to purchase a club in Italy, and a growing number of media stories questioning the takeover.

For someone keen on communication, he’s gone very quiet all of a sudden.

maybe he is fed up of answering the same questions because they don't like the answers. I'd prefer action more than words and going off ALK's statement yesterday they feel the same.

gandhisflipflop wrote: ↑

Wed Feb 03, 2021 1:05 pm

maybe he is fed up of answering the same questions because they don't like the answers. I'd prefer action more than words and going off ALK's statement yesterday they feel the same.

I’ve said the same myself - Pace’s words mean little until we see actions. It’s early days so quite how long it might take until we do see something tangible is anyone’s guess.

That doesn’t stop my surprise at anything else coming out lately though.

GodIsADeeJay81 wrote: ↑

Wed Feb 03, 2021 12:57 pm

He didn't say that last bit about the owners disappearing if we get relegated, he said we'd the find out the cut of their gib.

I’d suggest you listen again

jollyjack wrote: ↑

Wed Feb 03, 2021 1:01 pm

Jib, its jib. A type of sail.

or door

DCWat wrote: ↑

Wed Feb 03, 2021 1:01 pm

I’m amazed that we’ve heard nothing from Pace since his pre deadline interview.

Since then, there’s been an inactive deadline day, rumours of scrabbling to find funds, rumours of looking to purchase a club in Italy, and a growing number of media stories questioning the takeover.

For someone keen on communication, he’s gone very quiet all of a sudden.

Communication is a lot easier when all you're doing is blowing smoke up people's backsides and telling them exactly what they want to hear.

Chester Perry wrote: ↑

Wed Feb 03, 2021 1:48 pm

or door

I didn’t know that and we have three in the house! I’ll use the correct term from now on, thanks. Jib was nautical slang for a face as well as the sail and is where the ‘cut of your job’ phrase comes from, apparently.

gandhisflipflop wrote: ↑

Wed Feb 03, 2021 1:05 pm

going off ALK's statement yesterday they feel the same.

I've missed a statement from ALK and I can't find anything via Google, have you got a link please?

gandhisflipflop wrote: ↑

Wed Feb 03, 2021 1:05 pm

maybe he is fed up of answering the same questions because they don't like the answers. I'd prefer action more than words and going off ALK's statement yesterday they feel the same.

Quite possibly, it is a bit like a Dyche press conference when he is accused of being a bit short with someone while ignoring it could the 20th time he has been asked the same question worded differently for the past hour or so.

We had people desperate for new owners (shouldn't have been surprised to think they expected the club to be given away) now they have the reverse sirens blaring.

Boss Hogg wrote: ↑

Wed Feb 03, 2021 12:52 pm

Summary from Jordan and White show:

Used £30 million of own money
Borrowed £70 million from Dell
Borrowed rest from BFC
Classic American Leveraged Takeover
They’ve acquired a £200 million asset for £30 million
The real benefit is for Garlick and JB
Paid top dollar unlike Man Utd
Not like Major League Soccer where no relegation
The new owners have a wake up call coming
Fans right to look between the cracks
Relegation is real risk and debt serving could be £11 million a year
They could get it right but if relegation happens owners won’t be around for long

To be clear, these were Jordans own, back of the fag packet numbers.

Yes they were. The points put forward are still valid.

RMutt wrote: ↑

Wed Feb 03, 2021 1:56 pm

I didn’t know that and we have three in the house! I’ll use the correct term from now on, thanks. Jib was nautical slang for a face as well as the sail and is where the ‘cut of your job’ phrase comes from, apparently.

I love a jib door

gandhisflipflop wrote: ↑

Wed Feb 03, 2021 1:05 pm

maybe he is fed up of answering the same questions because they don't like the answers. I'd prefer action more than words and going off ALK's statement yesterday they feel the same.

He hasn’t answered any questions

Chester Perry wrote: ↑

Wed Feb 03, 2021 3:12 pm

I love a jib door

Haha, you never jib at a jib.

Boss Hogg wrote: ↑

Wed Feb 03, 2021 2:43 pm

Yes they were. The points put forward are still valid.

So the figures quoted may be not be correct?

Chester Perry wrote: ↑

Wed Feb 03, 2021 3:12 pm

I love a jib door

Another one of GIADJ’s nights out again;)

Chester Perry wrote: ↑

Wed Feb 03, 2021 3:12 pm

I love a jib door

Or if your a football lad the jib is when you go to away games and come home with more money than you went with.

jollyjack wrote: ↑

Wed Feb 03, 2021 1:01 pm

Jib, its jib. A type of sail.

You had to say it a brace of times!

Boss Hogg wrote: ↑

Wed Feb 03, 2021 12:52 pm

Summary from Jordan and White show:

Used £30 million of own money
Borrowed £70 million from Dell
Borrowed rest from BFC
Classic American Leveraged Takeover
They’ve acquired a £200 million asset for £30 million
The real benefit is for Garlick and JB
Paid top dollar unlike Man Utd
Not like Major League Soccer where no relegation
The new owners have a wake up call coming
Fans right to look between the cracks
Relegation is real risk and debt serving could be £11 million a year
They could get it right but if relegation happens owners won’t be around for long

When you say Dell do you mean Dell Loy Hansen who is also the owner of Real Salt Lake?
In November 2019 Forbes evaluated Real Salt Lake as being worth 235m dollars, you can imagine that they were amazed to be able to get a Premier League club for less than that. Apparently Hansen was looking to sell his shares in RSL last summer. The RSL website says that Dave Checketts was the man who convinced Hansen to invest in RSL in the first place. I'm sure this has all been covered in the many threads on the subject though.

The team that have come to Burnley will expect to be able to transform the club in the same way they did RSL. We would have to do exceptionally badly to find ourselves in the relegation zone now even 12 points from the last 18 games is likely to see us survive.

dibraidio wrote: ↑

Wed Feb 03, 2021 4:05 pm

When you say Dell do you mean Dell Loy Hansen who is also the owner of Real Salt Lake?
In November 2019 Forbes evaluated Real Salt Lake as being worth 235m dollars, you can imagine that they were amazed to be able to get a Premier League club for less than that. Apparently Hansen was looking to sell his shares in RSL last summer. The RSL website says that Dave Checketts was the man who convinced Hansen to invest in RSL in the first place. I'm sure this has all been covered in the many threads on the subject though.

The team that have come to Burnley will expect to be able to transform the club in the same way they did RSL. We would have to do exceptionally badly to find ourselves in the relegation zone now even 12 points from the last 18 games is likely to see us survive.

Michael Dell of MSD Capital.

dibraidio wrote: ↑

Wed Feb 03, 2021 4:05 pm

When you say Dell do you mean Dell Loy Hansen who is also the owner of Real Salt Lake?
In November 2019 Forbes evaluated Real Salt Lake as being worth 235m dollars, you can imagine that they were amazed to be able to get a Premier League club for less than that. Apparently Hansen was looking to sell his shares in RSL last summer. The RSL website says that Dave Checketts was the man who convinced Hansen to invest in RSL in the first place. I'm sure this has all been covered in the many threads on the subject though.

The team that have come to Burnley will expect to be able to transform the club in the same way they did RSL. We would have to do exceptionally badly to find ourselves in the relegation zone now even 12 points from the last 18 games is likely to see us survive.

I Imagine it's Michael Dell who is worth a lot, lot more.

Fretters wrote: ↑

Wed Feb 03, 2021 2:27 pm

I've missed a statement from ALK and I can't find anything via Google, have you got a link please?

Sorry Fretters it wasn't a statement as such i meant an official spokeperson came out the otherday and reiterated ALK's loan being sustainable and that they won't be commenting as they believe their acitions will speak louder than any words.

joey13 wrote: ↑

Wed Feb 03, 2021 3:16 pm

He hasn’t answered any questions

Yes he has. He has responded. He hasn't delved intp detail for reasons that are unknown. Maybe the answer to the question would be to reveal his business plan to the world, and that doing so might jeapordise any plan coming to fruition. I am speculating but he has responded and although it might not be to everyones tastes as they have said, actions will speak louder than any words. I think we need to give them time. In the meantime our squad is in the best hands.

I recall at the time of the take over CT and perhaps someone else saying that we should all be pleased when ALK's plans were revealed in the next couple of months. Why not just wait for these announcements?

I notice how the people who was pushing ALK and telling us how evil Farnell and the Egyptian was have gone very quiet

Rojales Claret wrote: ↑

Thu Feb 04, 2021 10:32 am

I recall at the time of the take over CT and perhaps someone else saying that we should all be pleased when ALK's plans were revealed in the next couple of months. Why not just wait for these announcements?

Wait????? But we are in the world of... “I need to know NOW”!!

gandhisflipflop wrote: ↑

Thu Feb 04, 2021 10:14 am

Yes he has. He has responded. He hasn't delved intp detail for reasons that are unknown. Maybe the answer to the question would be to reveal his business plan to the world, and that doing so might jeapordise any plan coming to fruition. I am speculating but he has responded and although it might not be to everyones tastes as they have said, actions will speak louder than any words. I think we need to give them time. In the meantime our squad is in the best hands.

Reasons unknown you think it’s ok fine , I don’t , the whole deal stinks if you can’t see that then that’s fine too.

joey13 wrote: ↑

Thu Feb 04, 2021 11:47 am

Reasons unknown you think it’s ok fine , I don’t , the whole deal stinks if you can’t see that then that’s fine too.

I think saying it stinks is a bit dramatic if i'm honest. We need to wait and see. Kicking off about things after a month and off the back of media speculation is just OTT.

gandhisflipflop wrote: ↑

Thu Feb 04, 2021 11:58 am

I think saying it stinks is a bit dramatic if i'm honest. We need to wait and see. Kicking off about things after a month and off the back of media speculation is just OTT.

Standard operating procedure on here though

gandhisflipflop wrote: ↑

Thu Feb 04, 2021 10:12 am

Sorry Fretters it wasn't a statement as such i meant an official spokeperson came out the otherday and reiterated ALK's loan being sustainable and that they won't be commenting as they believe their acitions will speak louder than any words.

No worries, cheers.

We've all praised Garlick and JB over the years for their management of the club. But it seems that they have now sold their shares at a very high price. You could say good for them. But it's not good for the club. They haven't put the club first in their dealings with ALK. Consequently the future is more uncertain than it needed to be. Let's support the new owners we need them to be successful.

claret54 wrote: ↑

Thu Feb 04, 2021 12:58 pm

We've all praised Garlick and JB over the years for their management of the club. But it seems that they have now sold their shares at a very high price. You could say good for them. But it's not good for the club. They haven't put the club first in their dealings with ALK. Consequently the future is more uncertain than it needed to be. Let's support the new owners we need them to be successful.

The future under the old ownership was only going to head in one direction. Dyche would have been off and we would have dropped like a stone. I would rather have this than the old owners.

I may be wrong but I suspect a history of American sport may lead to the owners being bemused as to why UK media and supporters are so interested in the corporate elements of the takeover. Culturally we may feel the club is “ours” a little more than American supporters do.

From the new investor’s perspective they probably need to work hard to accept this and roll with this added scrutiny. There is obviously a risk that they won’t feel comfortable handling it which could affect their long term commitment.

No doubts though that Garlick and co have done incredibly well out of this, a life changing fortune, even for them, who were wealthy anyway. On one hand they had every right to do this as a normal business owner, on the other hand it rankles a bit that they been paid so much out of the club when we weren’t even given hot running water in the toilets (not exactly hygienic even pre-Covid) and Dyche wasn’t given a decent subs bench.

For context, the previous owners have ended up profiting far more from the club (legally) than the Oystons did from Blackpool (which caused such furore because they did it while owners not just as a sale). They also received more than Abramovich paid for Chelsea (£140m initially, quite a few years ago).

If this takeover and the resultant media coverage had happened at any other club than Burnley FC the reaction would have been completely different with thread titles of "Out of the frying pan and into the fire".

As things stand we are all in the dark and hope for the best.

gandhisflipflop wrote: ↑

Thu Feb 04, 2021 11:58 am

I think saying it stinks is a bit dramatic if i'm honest. We need to wait and see. Kicking off about things after a month and off the back of media speculation is just OTT.

Strange. If someone borrowed your car and failed to return it would you wait a month before expressing any concern?

boatshed bill wrote: ↑

Thu Feb 04, 2021 1:36 pm

Strange. If someone borrowed your car and failed to return it would you wait a month before expressing any concern?

What a strange comment.

boatshed bill wrote: ↑

Thu Feb 04, 2021 1:36 pm

Strange. If someone borrowed your car and failed to return it would you wait a month before expressing any concern?

I'd be very concerned if I'd said they could only borrow it for a day, but wouldn't be worried at all though if I went traveling Australia for a year and said they could use it whilst I was gone! What are you on about?

I'm suggesting that if anyone thinks they have cause for concern, perhaps they feel there might be an element of (shall we say) misappropriation, is there a specific length of time before they shod express that concern?