TommyPicks wrote: ↑

Mon Jan 27, 2025 6:34 pm

There’s rumours doing the rounds on social media that the club are looking to rebrand the club badge. I don’t know how to upload a picture, but the letter ‘B’ badge which is on those baseball caps appears to be etched into the grass near the dugouts at the Turf….

Make of that what you will.

Inchy wrote: ↑

Mon Jan 27, 2025 6:39 pm

I trust our American owners about as much as I’d trust Michael Jackson babysitting my kids, however I don’t think they are that daft to change the club badge without consulting the fans first

Culmclaret wrote: ↑

Mon Jan 27, 2025 6:49 pm

Have any of the previous owners consulted over badge changes?

elwaclaret wrote: ↑

Mon Jan 27, 2025 7:33 pm

JJ Watt was sporting the 1980 yellow away Umbro shirt on an interview the other day. Love to see that badge brought back.

KernowHouseClaret wrote: ↑

Mon Jan 27, 2025 8:16 pm

Whatever we do won't be as bad as the retro stylised Leeds logo they've got this season

Bosscat wrote: ↑

Mon Jan 27, 2025 9:03 pm

Not this I hope its ****ing awfulGiUe1KnX0AA55Qn.jpeg

tarkys_ears wrote: ↑

Mon Jan 27, 2025 10:59 pm

It's probably for a away special or a third kit (if anything)

What's with all the "oooo don't trust t'americans wi ooooouyer club" nonsense about

tarkys_ears wrote: ↑

Mon Jan 27, 2025 10:59 pm

It's probably for a away special or a third kit (if anything)

What's with all the "oooo don't trust t'americans wi ooooouyer club" nonsense about

dsr wrote: ↑

Tue Jan 28, 2025 1:36 am

It's not nonsense. American sports models work on the basis that the owners take money out of the club, and Pace has done that in spades. We're about £150m poorer than we would have been if Pace had never darkened our door.

Maybe other Americans would have been less rapacious. But this American has bled us almost dry. If we don't get promotion, we well and truly up the Swanee.

dsr wrote: ↑

Tue Jan 28, 2025 1:36 am

It's not nonsense. American sports models work on the basis that the owners take money out of the club, and Pace has done that in spades. We're about £150m poorer than we would have been if Pace had never darkened our door.

Maybe other Americans would have been less rapacious. But this American has bled us almost dry. If we don't get promotion, we well and truly up the Swanee.

GetIntoEm wrote: ↑

Tue Jan 28, 2025 10:18 am

How much money do you think Alan Pace has taken out of the club?

dsr wrote: ↑

Tue Jan 28, 2025 12:09 pm

Roughly speaking, £125m in loans, £20m in interest paid on loans used for Pace's own personal debts, and £5m on directors' fees.

Row x wrote: ↑

Tue Jan 28, 2025 12:18 pm

Unless you have proof of that, I would suggest it's a libelous comment about his personal debt.. fancy withdrawing it?

Chester Perry wrote: ↑

Mon Jan 20, 2025 1:10 pm

It could be argued that ALK/VSL have taken out around £145m - £150m just to fund the takeover

£124.3m in direct loans (that they get interest free)
while the club has now paid probably £20m - £25m in interest to directly fund that loan to ALk/VSL and that is still ongoing at likely 12.7% a year (8% + SONIA appears to be the going rate on the club's loans)

we do not know how the club credit element of the share purchase agreement with the small shareholders has been funded

not forgetting that the club made repayments (including penalties) of around £34m )including penalties to MSD (balance reduction of £32.7m) and a suggested £6m (according to MtB 1) to the unknown lender that replaces MSD that actually left us with a greater debt to that lender in April/May 2023 than we had to MSD at the beginning of Nov 2022. There were player sales around the time of the early repayments to MSD and it is reasonable to assume that the monies earned (including the factoring of future inward fee payments) enabled at least some of the repayments - factoring comes at an additional interest cost. we do not have the information to apportion that cost to the loan servicing comments the club had been obliged with.

The November 2022 loan (£39.7m) was replaced by a much larger loan (£70m) in June 2023 with Macquarie. We do not know if there was a penalty clause for early redemption. We do know that the additional monies were to fund football activities as well, that allowed ALK/VSL to hide the cost of their own true cost of borrowing from the club. In Jan 2024 that Macquarie loan was replaced with a new (possibly larger loan - there may have been penalty payments for early redemption with Macquarie - they are not known as the Vampire Kangaroo for nothing) by MGG via Luxembourg.

So we are left with no knowledge of the true balance and interest cost to support it of the monies the club was made responsible for so that ALK/VSL could acquire it. This is likely to be the situation in perpetuity now. Though we can reasonably suggest the balance ranges being between £33m and £45m depending on the truth of MtB1 and the size of penalty clauses (if applied) and around £4.2m to £5.7m in annual interest costs to service it at the assumed rate.

Chester Perry wrote: ↑

Tue Jan 28, 2025 12:41 pm

you are always quick to jump to the prove it/libel approach even though it is easy to find out for yourself

the broad stokes of what DSR is saying is all in the accounts of Burnley FC Holdings since the arrival of Pace and Co - they may keep presenting it differently each time but it is there

and for reference dsr is just referring to a response I gave him on this thread a week ago viewtopic.php?f=2&t=79590 - it doesn't calculate all the additional costs they have paced on the club because of this extraction/diverting of monies

Row x wrote: ↑

Tue Jan 28, 2025 12:54 pm

Very good write up, and I might have missed it, where is the bit about Mr Paces personal debt, not his companies, or football club etc.

Chester Perry wrote: ↑

Tue Jan 28, 2025 1:14 pm

All these companies are controlled by the said serial criminal and even the club's own website has long acknowledged that he personally has the controlling shareholdings of these entities.

When you look at the the way the Jersey entities are structure - details I have previously shared on the takeover thread - the more partners that are brough on board the greater the stranglehold on control he has

dougcollins wrote: ↑

Mon Jan 27, 2025 7:40 pm

I've heard not only the badge, we're gonna be the 'East Lancs Lynx'.

Row x wrote: ↑

Tue Jan 28, 2025 1:20 pm

To me personal debts are things like credit card bills, mortgage for homes, personal loans etc..

tarkys_ears wrote: ↑

Mon Jan 27, 2025 10:59 pm

It's probably for a away special or a third kit (if anything)

What's with all the "oooo don't trust t'americans wi ooooouyer club" nonsense about