Alan Nixon on ALK, worrying

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Dark Cloud
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Re: Alan Nixon on ALK, worrying

Post by Dark Cloud » Fri Jan 21, 2022 10:45 am

I'm guessing that the queue of potential investors has dwindled from a small few to absolutely none during the autumn with us sitting in the bottom 3 and looking likely to be relegated. Alan is a good schmoozer, but I suspect even he's struggling to spin that one to the people who may have been interested. That probably makes something of a hole in the business plans.

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Re: Alan Nixon on ALK, worrying

Post by elwaclaret » Fri Jan 21, 2022 10:45 am

So Alan Pace has worked at the cutting edge of American banking for his entire career, been trying to buy a club for several years, but hadn’t given consideration on how he was going to fund his dream of owning a football club?

COVID has clearly come as a knock to all, would it not make sense to mitigate it by letting it be known we are actively seeking investment?
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Re: Alan Nixon on ALK, worrying

Post by claretandbluesky » Fri Jan 21, 2022 10:52 am

Can someone explain where the revenues are going to come from needed to finance this project if we get relegated ?
Because as far as I can grasp it requires a steady stream of revenue and investment for it to work and everything is pointing in the other direction at present.

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Re: Alan Nixon on ALK, worrying

Post by Burnley1989 » Fri Jan 21, 2022 10:52 am

dandeclaret wrote:
Fri Jan 21, 2022 9:14 am
A painful lesson for the sizable, vocal group who were ungrateful for what they had when the club was well run.
Some of the same folk that spend all their time on hear moaning about the lack of investment are now being smug about the fact we’ve no money and are in trouble… You need to make your minds up

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Re: Alan Nixon on ALK, worrying

Post by ClaretPete001 » Fri Jan 21, 2022 10:52 am

No one knows what the truth is but here is a thought game. How about a business comes into the dragons den and you are a dragon. A pitch is given suggesting that the new company has an interest in AI products and a football club and needs more finance to fund the sporting investment company. So, it goes around the dragons and the following becomes evident

1. The business has little trading history
2. AI products are hugely expensive to bring to market
3. The football club was purchased using a leveraged buyout funded but a lack of investment in playing assets has meant the team is now bottom of the Premiership
4. The marketing materials and web site are below standard

The business is looking for £50 million pounds of your money for a 10 percent stake stake and points to the football clubs cashflow as a potential means of funding the deal.

Would you say "I'm out" or "yes here's £50 million quid". If the answer is yes I'm in then please post your e-mail address because I have a business selling chocolate fireguards you maybe interested in.

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Re: Alan Nixon on ALK, worrying

Post by GodIsADeeJay81 » Fri Jan 21, 2022 10:53 am

The article doesn't tell us anything new does it from what I've seen?

All players are for sale at the right price.
We know they've been looking for investors, they signed one up recently, the NFL player.
They'd sell the club for the right price, that's what these companies do.

What are we flapping about?
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Re: Alan Nixon on ALK, worrying

Post by Spike » Fri Jan 21, 2022 10:54 am

Sun , Nixon, Daily Mail all unreliable sources that are short of ideas to fill their columns so make up or embellish stories
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Re: Alan Nixon on ALK, worrying

Post by claretandbluesky » Fri Jan 21, 2022 10:57 am

The problem is the nature of the deal and the situation we are in gives the story legs. If it looks precarious and feels precarious it probably is precarious.

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Re: Alan Nixon on ALK, worrying

Post by NewClaret » Fri Jan 21, 2022 10:58 am

GodIsADeeJay81 wrote:
Fri Jan 21, 2022 10:53 am
The article doesn't tell us anything new does it from what I've seen?

All players are for sale at the right price.
We know they've been looking for investors, they signed one up recently, the NFL player.
They'd sell the club for the right price, that's what these companies do.

What are we flapping about?
Worst case scenario, we go down & MG gets takes the club back. Credit to him for adding those clauses and providing the protection that offers.

But some people just love to flap mate. Best to let them.

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Re: Alan Nixon on ALK, worrying

Post by NewClaret » Fri Jan 21, 2022 10:59 am

claretandbluesky wrote:
Fri Jan 21, 2022 10:57 am
The problem is the nature of the deal and the situation we are in gives the story legs. If it looks precarious and feels precarious it probably is precarious.
Did you also read the story about the club being handed back to MG if we get relegated/payments are missed?

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Re: Alan Nixon on ALK, worrying

Post by claretandbluesky » Fri Jan 21, 2022 11:00 am

You have to ask yourself the question which financial situation would you rather be in facing relegation our present one or one where we have £20 million in the bank ?

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Re: Alan Nixon on ALK, worrying

Post by Jamesy » Fri Jan 21, 2022 11:00 am

NewClaret wrote:
Fri Jan 21, 2022 10:58 am
Worst case scenario, we go down & MG gets takes the club back. Credit to him for adding those clauses and providing the protection that offers.

But some people just love to flap mate. Best to let them.
You make the worst case scenario sound so simple. I hope you are right.

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Re: Alan Nixon on ALK, worrying

Post by JohnMcGreal » Fri Jan 21, 2022 11:01 am

elwaclaret wrote:
Fri Jan 21, 2022 10:45 am
So Alan Pace has worked at the cutting edge of American banking for his entire career, been trying to buy a club for several years, but hadn’t given consideration on how he was going to fund his dream of owning a football club?

COVID has clearly come as a knock to all, would it not make sense to mitigate it by letting it be known we are actively seeking investment?

Not sure what Covid has to do with our current plight. The train coming down the track is our loss of PL status and all the TV revenue that comes with it.

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Re: Alan Nixon on ALK, worrying

Post by Newcastleclaret93 » Fri Jan 21, 2022 11:02 am

Jamesy wrote:
Fri Jan 21, 2022 11:00 am
You make the worst case scenario sound so simple. I hope you are right.
Yep, he fails to mention the debt the club will still be in debt and the fact 11 of our 23 man squad will be gone because there out of contract.

What state could our club be in 6 months time if that’s the case.

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Re: Alan Nixon on ALK, worrying

Post by GodIsADeeJay81 » Fri Jan 21, 2022 11:03 am

claretandbluesky wrote:
Fri Jan 21, 2022 10:57 am
The problem is the nature of the deal and the situation we are in gives the story legs. If it looks precarious and feels precarious it probably is precarious.
No one on here knows the full details of the deal, yet plenty are making claims that they cannot back up with anything factual.

The situation?
We're in a relegation battle, we have an ageing squad and a number of players OOC soon.
People seem to forget that the owners they wanted out and are now fluttering their eyelashes at can be blamed for a large chunk of this mess
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Re: Alan Nixon on ALK, worrying

Post by Foshiznik » Fri Jan 21, 2022 11:06 am

I was ripped apart in here when I said this could happen when the takeover happened. Still speculation but hopefully I’m wrong and it’s fireless smoke.

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Re: Alan Nixon on ALK, worrying

Post by KRBFC » Fri Jan 21, 2022 11:06 am

GodIsADeeJay81 wrote:
Fri Jan 21, 2022 11:03 am
No one on here knows the full details of the deal, yet plenty are making claims that they cannot back up with anything factual.

The situation?
We're in a relegation battle, we have an ageing squad and a number of players OOC soon.
People seem to forget that the owners they wanted out and are now fluttering their eyelashes at can be blamed for a large chunk of this mess
Throughout the takeover it's actually you who hasn't come with anything factual, more fanciful ideas of selling more shirts and gaining more Twitter followers. The worry comes from the facts, the debt is fact.

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Re: Alan Nixon on ALK, worrying

Post by Paul Waine » Fri Jan 21, 2022 11:07 am

What can I say, an article in The Sun by Alan Nixon, except then we learn from Alan Nixon that he didn't write it and so the article re-appears under someone else's by-line. The article has only got "rumours and suppositions" - and some obvious errors, plus a few facts.

I think I know the source for The Sun's article. A lot of the media is now using AI programs to write their articles. Often the program gathers information from other media. Usually you will find the term "first told to" followed by another media outlet's name. For example, The Times might have "first told to The Guardian/Mail etc.

It appears that The Sun AI program has found its way on to the Beehole End. We are the source of the article. I feel a little sorry for the poor AI program trying to work its way through all the contradictions that are posted on here. No wonder The Sun article is full of nonsense and untruths.

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Re: Alan Nixon on ALK, worrying

Post by elwaclaret » Fri Jan 21, 2022 11:07 am

JohnMcGreal wrote:
Fri Jan 21, 2022 11:01 am
Not sure what Covid has to do with our current plight. The train coming down the track is our loss of PL status and all the TV revenue that comes with it.
COVID has had a massive unforeseen cost onto all football clubs, changing the financial plans of pretty much every club…
As for relegation, with half a season remaining it is too soon to be writing Burnley off, I believe we will still maintain our Premier League status at the end of all this; though I’ll grant you performance levels, which had not been an issue was becoming one, hopefully that will have been rectified by us showing no one is indispensable, with Wood. I expect a somewhat rusty but pumped up to the max Burnley team will be on view when they next come down that tunnel.

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Re: Alan Nixon on ALK, worrying

Post by daveisaclaret » Fri Jan 21, 2022 11:07 am

GodIsADeeJay81 wrote:
Fri Jan 21, 2022 11:03 am
No one on here knows the full details of the deal, yet plenty are making claims that they cannot back up with anything factual.

The situation?
We're in a relegation battle, we have an ageing squad and a number of players OOC soon.
People seem to forget that the owners they wanted out and are now fluttering their eyelashes at can be blamed for a large chunk of this mess
I'm sure it will all be paid for by expanding revenue streams...

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Re: Alan Nixon on ALK, worrying

Post by NewClaret » Fri Jan 21, 2022 11:11 am

Newcastleclaret93 wrote:
Fri Jan 21, 2022 11:02 am
Yep, he fails to mention the debt the club will still be in debt and the fact 11 of our 23 man squad will be gone because there out of contract.

What state could our club be in 6 months time if that’s the case.
The debt has been paid to Garlick though, along with some ALK cash & the part of the clubs cash pile. So presumably he could choose to repay all/some of it. Given how much he piped on about the importance of choosing the right custodians for the club, I’d expect him to (if said choice’s business model didn’t work).

As for the players OOC, to be honest, there aren’t many I’d be sad to see leave after Tarks (going anyway) and Mee. Otherwise they are fringe players on big salaries. Their contract status is more of an opportunity than a threat in my view, but it will certainly massively reduce our wage bill. And since you’re so worried about the debt, a chance to action a massive wage bill reduction in the event of relegation is not the worst thing in the world.

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Re: Alan Nixon on ALK, worrying

Post by RVclaret » Fri Jan 21, 2022 11:14 am

NewClaret wrote:
Fri Jan 21, 2022 11:11 am
As for the players OOC, to be honest, there aren’t many I’d be sad to see leave after Tarks (going anyway) and Mee. Otherwise they are fringe players on big salaries. Their contract status is more of an opportunity than a threat in my view, but it will certainly massively reduce our wage bill. And since you’re so worried about the debt, a chance to action a massive wage bill reduction in the event of relegation is not the worst thing in the world.
Agree and don’t forget most, if not all, of our players will have very large relegation wage cuts in their contracts too. It is well known we add them in hence why it can be more difficult for us to bring players in.

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Re: Alan Nixon on ALK, worrying

Post by Lancasterclaret » Fri Jan 21, 2022 11:15 am

Rombald wrote:
Fri Jan 21, 2022 10:08 am
So far we have learned that the article had nothing to do with nixon and the figures don't add up at all. I'd probably ignore it.
This

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Re: Alan Nixon on ALK, worrying

Post by taio » Fri Jan 21, 2022 11:16 am

dandeclaret wrote:
Fri Jan 21, 2022 9:14 am
A painful lesson for the sizable, vocal group who were ungrateful for what they had when the club was well run.
What a striking and perfect post delivered in so few words.

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Re: Alan Nixon on ALK, worrying

Post by Lancasterclaret » Fri Jan 21, 2022 11:17 am

Worth saying though is that we'll know for sure how much trouble we are in by Feb 1st

If we signed nobody, then we really are in deep s**t
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Re: Alan Nixon on ALK, worrying

Post by GodIsADeeJay81 » Fri Jan 21, 2022 11:20 am

KRBFC wrote:
Fri Jan 21, 2022 11:06 am
Throughout the takeover it's actually you who hasn't come with anything factual, more fanciful ideas of selling more shirts and gaining more Twitter followers. The worry comes from the facts, the debt is fact.
How much is the debt then?
Come on, let's see your factual proof about it

As for the business growth stuff, I'm not going to waste my time chatting to you of all people on here about it because time and again you've shown zero ability to understand how it works.

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Re: Alan Nixon on ALK, worrying

Post by GodIsADeeJay81 » Fri Jan 21, 2022 11:21 am

daveisaclaret wrote:
Fri Jan 21, 2022 11:07 am
I'm sure it will all be paid for by expanding revenue streams...
It was never going to be, I talked about growing a business and its revenue streams.
I don't know the terms of the deal in regards to the takeover etc, not a single person on here does

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Re: Alan Nixon on ALK, worrying

Post by ewanrob » Fri Jan 21, 2022 11:21 am

Like anything in life, no smoke without fire....I don't understand what due dillegance was done by the former major shareholders and their and the clubs Solicitors...or in by the EPL. How on earth can a group of people take over a club without the investors already in place, they've basically appear to have turned up with a " this is how it's gonna work" and everyone invested in our club (EPL & Shareholders) have snatched their hands off. Makes you wonder if the EPL knew this might happen, and what a way of getting rid of their achillies heel !!

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Re: Alan Nixon on ALK, worrying

Post by quoonbeatz » Fri Jan 21, 2022 11:26 am

Said at the time, the same people were all very
"We want a takeover!"
"Not that kind of takeover!"

I guess they're fast learning you can't have it both ways.

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Re: Alan Nixon on ALK, worrying

Post by Newcastleclaret93 » Fri Jan 21, 2022 11:26 am

GodIsADeeJay81 wrote:
Fri Jan 21, 2022 11:20 am
How much is the debt then?
Come on, let's see your factual proof about it

As for the business growth stuff, I'm not going to waste my time chatting to you of all people on here about it because time and again you've shown zero ability to understand how it works.
You probably shouldn’t be so hostile to other posters. Your constant statements about them improving revenue etc…. Are very much looking incorrect.

At the moment everything is pointing to the Americans being a massive failure. They will be solely reliant and Dyche pulling out a miracle to save them

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Re: Alan Nixon on ALK, worrying

Post by KRBFC » Fri Jan 21, 2022 11:28 am

GodIsADeeJay81 wrote:
Fri Jan 21, 2022 11:20 am
How much is the debt then?
Come on, let's see your factual proof about it

As for the business growth stuff, I'm not going to waste my time chatting to you of all people on here about it because time and again you've shown zero ability to understand how it works.
That's a cop out response from you though. There's debt owed to Garlick and MSD, you cannot dispute this fact.

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Re: Alan Nixon on ALK, worrying

Post by arise_sir_charge » Fri Jan 21, 2022 11:28 am

jedi_master wrote:
Fri Jan 21, 2022 10:25 am
Absolutely, I am if hes saying that. His track record is good over a number of years, hence why having his name on this article initially created this worry.

Edit - Saying that, I can see no tweet from Nixon where he has said “there are no money issues”. All he’s done is get his name removed from it.
He says something like “ask whoever says they’ve got financial problems”.

Could interpret that more ways than one but knowing Nixon if he thought there was something he could generate clicks from he would.

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Re: Alan Nixon on ALK, worrying

Post by NewClaret » Fri Jan 21, 2022 11:31 am

RVclaret wrote:
Fri Jan 21, 2022 11:14 am
Agree and don’t forget most, if not all, of our players will have very large relegation wage cuts in their contracts too. It is well known we add them in hence why it can be more difficult for us to bring players in.
I don’t know the specifics but given how prudently MG ran the club, with only three additions in playing staff since then, and how relaxed Pace has been in interviews about the prospect of relegation, it’s entirely plausible that less the OOC players and with the relegation clauses activated, we’d be in a no worse or better position while the parachute payments are being made.

Anyway, I’m off this thread now. If folk want to wallow in negativity off the back of an article that the newspaper couldn’t even state the author correctly, with random numbers published that don’t add up (& nobody knows are correct), when we know the previous owner inserted clauses to protect the club if relegated, that’s up to them. But I’m not wasting my life on it.
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Re: Alan Nixon on ALK, worrying

Post by dandeclaret » Fri Jan 21, 2022 11:31 am

Burnley1989 wrote:
Fri Jan 21, 2022 10:52 am
Some of the same folk that spend all their time on hear moaning about the lack of investment are now being smug about the fact we’ve no money and are in trouble… You need to make your minds up
Gratitude for what you have is a value I highly respect, and try to ensure I live my life by. You'd have to look a long way to find a post from me whinging about the lack of investment. I always thought the careful, well though out development of the club, was a shining light in the football world, where it's all built on overspending, borrowing and debt. Building a training ground, modernising the ground, putting in the steps for a scouting network, developing the community side - aggresively, but with the resources we had, was great to see. Not splashing tens of millions on first team players, to outgrow the capacity of the club, was never a problem for me.
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Re: Alan Nixon on ALK, worrying

Post by GodIsADeeJay81 » Fri Jan 21, 2022 11:34 am

KRBFC wrote:
Fri Jan 21, 2022 11:28 am
That's a cop out response from you though. There's debt owed to Garlick and MSD, you cannot dispute this fact.
Yes that's a fact.
How much is it then?

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Re: Alan Nixon on ALK, worrying

Post by GodIsADeeJay81 » Fri Jan 21, 2022 11:36 am

Newcastleclaret93 wrote:
Fri Jan 21, 2022 11:26 am
You probably shouldn’t be so hostile to other posters. Your constant statements about them improving revenue etc…. Are very much looking incorrect.

At the moment everything is pointing to the Americans being a massive failure. They will be solely reliant and Dyche pulling out a miracle to save them
Why are my comments about improving revenue looking incorrect?
Everything I've said about how to improve the revenue of the business was an opinion based on my own experiences and judging from the way the club have gone about doing certain things I was absolutely spot on.
What you're trying to do now is misconstrue what I said to suit your own agendas.

In regards to hostility towards other posters, it's more like I'm bored of being attacked by KRBFC with his sly digs and efforts to call me out when he provides zero facts to back up anything he says and needs things to be repeated half a dozen times before anything sinks in.

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Re: Alan Nixon on ALK, worrying

Post by Tall Paul » Fri Jan 21, 2022 11:37 am

KRBFC wrote:
Fri Jan 21, 2022 11:28 am
That's a cop out response from you though. There's debt owed to Garlick and MSD, you cannot dispute this fact.
But it isn't a fact that the club is responsible for this debt, that's pure speculation at the moment.

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Re: Alan Nixon on ALK, worrying

Post by Lancasterclaret » Fri Jan 21, 2022 11:40 am

KRBFC wrote:
Fri Jan 21, 2022 11:28 am
That's a cop out response from you though. There's debt owed to Garlick and MSD, you cannot dispute this fact.
But the key is the debt and the debt repayments to MSD.

How much are they?

The debt to Garlick I'm relatively chilled out about, as I think (and most on here will agree) is that he's unlikely to completely screw the club over it

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Re: Alan Nixon on ALK, worrying

Post by JohnMcGreal » Fri Jan 21, 2022 11:43 am

elwaclaret wrote:
Fri Jan 21, 2022 11:07 am
COVID has had a massive unforeseen cost onto all football clubs, changing the financial plans of pretty much every club…
As for relegation, with half a season remaining it is too soon to be writing Burnley off, I believe we will still maintain our Premier League status at the end of all this; though I’ll grant you performance levels, which had not been an issue was becoming one, hopefully that will have been rectified by us showing no one is indispensable, with Wood. I expect a somewhat rusty but pumped up to the max Burnley team will be on view when they next come down that tunnel.
I agree that it has affected clubs in different ways, but the biggest problems we're facing aren't really anything to do with Covid.

The first problem is that our financial security is almost entirely dependent on being in the Premier League. This is the result of a takeover which has depleted what money the club had and leveraged a significant debt against the club. Without that PL money, its hard to see how that debt will be serviced, once our remaining assets have been sold.

The second problem which directly impacts the first is that we (after several years of under investment) now have a team that is teetering on the edge and may no longer be good enough to actually stay in the PL.

I'm not really sure either of those two problems can be pinned on the pandemic.

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Re: Alan Nixon on ALK, worrying

Post by Sleeping Cat » Fri Jan 21, 2022 11:45 am

The article doesn't really tell us anything we have heard before. But that doesn't mean there is no reason to be concerned.

ALK have bought a football club they have no previous affiliation to, in a country they have no affiliation to, in a league they have no experience where the competition is funded by billionaires or even actual Nations Sovereign Wealth companies

They have done this without barely putting up any of their own capital, on borrowed money, because their backgrounds are all built on investing other peoples money. Money was always going to become a problem with this type of business finance model for our type of club for which relegation is always a possibility. It's no surprise that investors have been harder to find because on paper there is huge risks for any investor.

I'm sorry if I doubt their capabilities to deliver on their ideas and plans but I do because if we don't have the cash to implement the ideas then they remain just that, ideas.
Last edited by Sleeping Cat on Fri Jan 21, 2022 11:47 am, edited 1 time in total.

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Re: Alan Nixon on ALK, worrying

Post by RalphCoatesComb » Fri Jan 21, 2022 11:46 am

Very worrying, if true. Time for the previous owners to step up.

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Re: Alan Nixon on ALK, worrying

Post by Papabendi » Fri Jan 21, 2022 11:47 am

dandeclaret wrote:
Fri Jan 21, 2022 9:29 am


They sold to new investors.... if I sell my house, I am not asking the new owners if they plan to paint it a gaudy pink and put a half arsed swimming pool in the back garden.
This analogy would work based on you still asking to live in the house once sold, and re-claim it if the new owners de-faulted on the mortgage...

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Re: Alan Nixon on ALK, worrying

Post by Burnley1989 » Fri Jan 21, 2022 11:48 am

dandeclaret wrote:
Fri Jan 21, 2022 11:31 am
Gratitude for what you have is a value I highly respect, and try to ensure I live my life by. You'd have to look a long way to find a post from me whinging about the lack of investment. I always thought the careful, well though out development of the club, was a shining light in the football world, where it's all built on overspending, borrowing and debt. Building a training ground, modernising the ground, putting in the steps for a scouting network, developing the community side - aggresively, but with the resources we had, was great to see. Not splashing tens of millions on first team players, to outgrow the capacity of the club, was never a problem for me.
Wasn’t aimed at you mate

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Re: Alan Nixon on ALK, worrying

Post by GodIsADeeJay81 » Fri Jan 21, 2022 11:51 am

JohnMcGreal wrote:
Fri Jan 21, 2022 11:43 am
I agree that it has affected clubs in different ways, but the biggest problems we're facing aren't really anything to do with Covid.

The first problem is that our financial security is almost entirely dependent on being in the Premier League. This is the result of a takeover which has depleted what money the club had and leveraged a significant debt against the club. Without that PL money, its hard to see how that debt will be serviced, once our remaining assets have been sold.

The second problem which directly impacts the first is that we (after several years of under investment) now have a team that is teetering on the edge and may no longer be good enough to actually stay in the PL.

I'm not really sure either of those two problems can be pinned on the pandemic.
Matchday revenue was slashed.
Due to the number of televised games bring reduced there were/are rebates to be paid.

Both attributable to Covid and both have caused an issue with the club's income.

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Re: Alan Nixon on ALK, worrying

Post by ClaretPete001 » Fri Jan 21, 2022 11:53 am

JohnMcGreal wrote:
Fri Jan 21, 2022 11:43 am
I agree that it has affected clubs in different ways, but the biggest problems we're facing aren't really anything to do with Covid.

The first problem is that our financial security is almost entirely dependent on being in the Premier League. This is the result of a takeover which has depleted what money the club had and leveraged a significant debt against the club. Without that PL money, its hard to see how that debt will be serviced, once our remaining assets have been sold.

The second problem which directly impacts the first is that we (after several years of under investment) now have a team that is teetering on the edge and may no longer be good enough to actually stay in the PL.

I'm not really sure either of those two problems can be pinned on the pandemic.
And to give it some context - this is what has happened to Stoke.... Burnley's turnover is around 140 million I believe.

As I've said before it is not the minutiae of the deal it is the lack of trading history of ALK and the size of the figures involved for a company with seemingly no assets.

"Turnover was down £27.8m to £54.2m as parachute payments designed to help teams navigate the drop from the top flight fell sharply. Parachute payments will stop entirely next season, Stoke’s fourth back in the Championship.

Expenses were £141.4m.

A big chunk of that comes from "writing down" the value of the squad.

There is £31.9m in amortisation – the automatic devaluation of a player over the course of their contract, so an £8m player on a four-year deal is worth £6m on the balance sheet after one year, for example – and £43m in what is described as "an impairment review".

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Re: Alan Nixon on ALK, worrying

Post by JohnMcGreal » Fri Jan 21, 2022 11:55 am

GodIsADeeJay81 wrote:
Fri Jan 21, 2022 11:51 am
Matchday revenue was slashed.
Due to the number of televised games bring reduced there were/are rebates to be paid.

Both attributable to Covid and both have caused an issue with the club's income.
Yep. I get that. But a dip in match day revenue isn't the reason the club is now in substantial debt, nor is it the reason why the squad is in the state it currently is.
Last edited by JohnMcGreal on Fri Jan 21, 2022 11:57 am, edited 1 time in total.

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Re: Alan Nixon on ALK, worrying

Post by KRBFC » Fri Jan 21, 2022 11:56 am

GodIsADeeJay81 wrote:
Fri Jan 21, 2022 11:34 am
Yes that's a fact.
How much is it then?
Does the exact amount matter? We can speculate the amount based on reports but you're gonna refuse to accept those figures to argue for the sake of it. So let's stick to the facts, debt is owed to Garlick and MSD.

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Re: Alan Nixon on ALK, worrying

Post by GodIsADeeJay81 » Fri Jan 21, 2022 11:56 am

JohnMcGreal wrote:
Fri Jan 21, 2022 11:55 am
Yep. I get that. But a dip in match day revenue isn't the reason the club is now in substantial debt, nor is it the reason that the squad is in the state it currently is.
Potentially it hasn't helped though, because the club has had to put money aside to pay for the rebate instead of spending on players etc.

It's all linked together.

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Re: Alan Nixon on ALK, worrying

Post by GodIsADeeJay81 » Fri Jan 21, 2022 11:58 am

KRBFC wrote:
Fri Jan 21, 2022 11:56 am
Does the exact amount matter? We can speculate the amount based on reports but you're gonna refuse to accept those figures to argue for the sake of it. So let's stick to the facts, debt is owed to Garlick and MSD.
No, I'm asking you for the full facts.
What you're doing now is giving partial facts because that's all you've got and you're desperately clinging onto it.

If you're going to call me out and claim I know the square root of naff all about what's going on I expect you to have the full information to hand.

You haven't got anything, unsurprisingly, so here's an idea, stop trying to call me out with your sly little digs at me, you're nowhere near clued up enough to take me on.

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Re: Alan Nixon on ALK, worrying

Post by Sleeping Cat » Fri Jan 21, 2022 11:59 am

JohnMcGreal wrote:
Fri Jan 21, 2022 11:55 am
Yep. I get that. But a dip in match day revenue isn't the reason the club is now in substantial debt, nor is it the reason why the squad is in the state it currently is.
Majority of the losses from Covid were early on in the pandemic when all football stopped, no TV matches either (and so no TV money) but players were still being paid, pre-ALK.

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