ALK Capital or Farnell/Elkashashy takeover

[Dark Cloud]

I thought with FFP you just get a fine nowadays ?

If we had Farnell in the boardroom, getting around FFP would be a doddle!! (It's the rest of his dealings we'd have to worry about!! )

[Chester Perry]

I thought with FFP you just get a fine nowadays ?

In all seriousness it would require a income north of £280m a year and no club outside the big 6 earn that much - Leicester came closest when they went to the Champions League quarter finals - when you consider that Everton, West Ham, Wolves and Leicester struggle to break £180m of income in a normal season, you have to ask how our club could do so by legal means. The club closest to joining the big 6 off the field is Leeds - Their commercial operation was huge in the Championship and in normal circumstances I would have expected them to break £200m in revenue this season.

[Vegas Claret]

In all seriousness it would require a income north of £280m a year and no club outside the big 6 earn that much - Leicester came closest when they went to the Champions League quarter finals - when you consider that Everton, West Ham, Wolves and Leicester struggle to break £180m of income in a normal season, you have to ask how our club could do so by legal means. The club closest to joining the big 6 off the field is Leeds - Their commercial operation was huge in the Championship and in normal circumstances I would have expected them to break £200m in revenue this season.

yep, no idea what is going to happen to Burnley Football Club in the near future, not sure how any of the figures work in terms of the level of investment we immediately require, doesn't particularly seem feasible which is why I guess the Chairman is selling. We can only have hope that those buying aren't what we fear they may be

[NewClaret]

I want someone to come in and give Dyche 400 million to spend in January and not want any of it back......

Ronaldo, first signing!

[MACCA]

I want someone to come in and give Dyche 400 million to spend in January and not want any of it back......

Least we would then be the first side in PL history to have 400m worth of talent on the bench....

[Goobs]

Late thirties, good in the air, extra shirt sales, and expanded media coverage, what's not to like

[Zlatan]

Ronaldo, first signing!

...only signing

[Chester Perry]

Late thirties, good in the air, extra shirt sales, and expanded media coverage, what's not to like

no doubt signed before FIFA introduce a rule that a player who has headed a ball 10 times in a game must be subbed - even with 5 subs we would be down to just the keeper before half time

[NewClaret]

...only signing

Ronaldo and Dwight

[Zlatan]

Ronaldo and Dwight

I’m sold.. let’s do it

[Goobs]

Even Ronaldo wouldn't get to a Matt Lowton cross

[snapcrackleandpop]

First signing...Lansbury

Not old enough yet.

[Longsider]

Here is a challenge. I can't be arsed reading through everything. In three bullet points where are we at with the take over.

[Goobs]

1 no
2 one
3 knows

[NewClaret]

Even Ronaldo wouldn't get to a Matt Lowton cross

Ronaldo can play right back too.

We’ll play with 10 men, save on wages

[TopCat]

Ronaldo would have to get Dyche fit.

[bfcjg]

Coming soon FC Burnley, a new club formed by supporters,owned by supporters, for supporters. Could it happen ?

[conyoviejo]

Nearly 4000 posts on this subject and still nobody has any idea what's happening.

[clarethomer]

Yup.

Other than the official statement that the ownership of the club is still under discussion and until such time, where things can be communicated, we can only continue to belittle those we disagree with; and play out scenarios of what could be from Asset stripping to moving grounds where next to our brand new shiny stadium, we can build the next Trafford centre behind one of our stands... This will sit behind the Mall Stand, or the Pyramid Stand depending on the owner and will feature a statue of Dodi Fayed, or P Diddy in the food hall.

[Dyched]

Nearly 4000 posts on this subject and still nobody has any idea what's happening.

ALK. Relocating to Alaska. Baseball. The Alaskan Burnley River Otters.


Shhhhhhh.

[WalkdenClaret]

I read a post on here earlier that someone would stop supporting the club after 40 years if this takeover goes through, alluding to the point that we have never had investment. I dont have time to go back through the posts yet to find it but for one I'm not sure how Barry Kilby would feel about that statement as it was his investment in the 90s that got us out of the old division two and secondly, stop supporting after 40 years? Really? Maybe it would be a blessing because it's exactly that kind of mentality which has been holding the club back. There is a huge football world outside of local Burnley and it's about time we joined it instead of thinking the world starts and bloody ends in burnley. A takeover is needed. It may be bad news, but it may be amazing news but isn't that the fun? It won't or shouldn't stop you supporting the club.

As for this thread, another day going by with nothing happening and the closer we get to January, the more nervous I become because it drastically needs to happen to enable the squad to be strengthened which is so desperately needed.

You missed my point FlipFlop, a seemingly honest, decent businessman propped us up and brought me unexpected joy after thinking we were a bottom two divisions. I'm not stuck in the local club for local supporters mentality. My point is, the only people interested in or who can afford to run bloated Premier league clubs are people who have come by their fortunes via dubious practices and would apply those practices at the club I love. I will not fall out of love for the club, but the ownership, due to the fact that the premier league, chairmen, agents, media have forced us to seek such an owner.

[bfcmik]

My point is, the only people interested in or who can afford to run bloated Premier league clubs are people who have come by their fortunes via dubious practices and would apply those practices at the club I love.

Vichai Srivaddhanaprabha, Thomas Werner, Fosun International Limited,Mike Ashley and others would take issue with the 'dubious practices' tag. And even people that may not be too easily dispute your assertion as to how they gained their wealth would definitely take issue with you saying they apply those practices to the club they own. I would not say for instance that Roman Abramovich has done badly for Chelsea since he bought them!

[randomclaret2]

How exactly did Abramovich come by his fortune ?

[Chester Perry]

How exactly did Abramovich come by his fortune ?

It all came out in a court case when he split with his business partner - this Telegraph article gives a summary

https://outline.com/KUwMWM

[KRBFC]

If they are on 5 year contracts we would just get that past FFP for a season, but would have to find a huge uplift in revenue beyond that (around £150m a year uplift when you include wages with the amortisation

Have the FFP limits not been relaxed during Covid?

[KRBFC]

You missed my point FlipFlop, a seemingly honest, decent businessman propped us up and brought me unexpected joy after thinking we were a bottom two divisions. I'm not stuck in the local club for local supporters mentality. My point is, the only people interested in or who can afford to run bloated Premier league clubs are people who have come by their fortunes via dubious practices and would apply those practices at the club I love. I will not fall out of love for the club, but the ownership, due to the fact that the premier league, chairmen, agents, media have forced us to seek such an owner.

Why does it matter if the owner is local or not? isn’t Garlick from London? I wouldn’t call that local. Do you think the Leicester fans cared where their owner was born? an incredible man who the fans at Leicester adored for his work.

[Chester Perry]

Have the FFP limits not been relaxed during Covid?

yes and no - season 2018/19 will be assessed as a combination with season 2020/21 the rules will still apply apart from 2018/19/20 as a stand alone assessment - that was designed to give clubs the chance to re-align their finances from last seasons expected losses - this came about as a result of pressure from big clubs across Europe who knew that they would not be allowed to play in UEFA competitions this season and next as they had breached the limits - domestic leagues followed the UEFA example

Many Premier League clubs took a gamble on the return of fans in their budgeting and transfer spend over the summer (though all bar the newly promoted sides reduced squad sizes and wage bills), which would not only minimize additional rebates to broadcasters, but provide much needed match day income and cashflow. The prospect of that now not happening - despite the cacophony of calls for it to do so, means that a lot of clubs are now likely to fail the combined seasons FFP next summer. I am surprised that no one has started calling for FFP to be stalled for this season also but am sure that it will come and from many of the big names around Europe, but most particularly from the big six in this country.

[arise_sir_charge]

Vichai Srivaddhanaprabha, Thomas Werner, Fosun International Limited,Mike Ashley and others would take issue with the 'dubious practices' tag. And even people that may not be too easily dispute your assertion as to how they gained their wealth would definitely take issue with you saying they apply those practices to the club they own. I would not say for instance that Roman Abramovich has done badly for Chelsea since he bought them!

Let’s just forget how Barry Kilby made his fortune then. It a little inconvenient to the holier than thou crew.

[Leisure]

Let’s just forget how Barry Kilby made his fortune then.

Please explain?

[arise_sir_charge]

Lots of people seem to have a major issue with gambling sponsors, money coming from gulf states etc but totally disregard what made Barry Kilby wealthy enough to buy the club.

Personally I’ve no issue at all with gambling sponsors and applaud Barry for being a self made man but plenty of others on here conveniently forget his background when pontificating about gambling sponsors etc.

[Rileybobs]

Why does it matter if the owner is local or not? isn’t Garlick from London? I wouldn’t call that local. Do you think the Leicester fans cared where their owner was born? an incredible man who the fans at Leicester adored for his work.

Mike Garlick was born and raised in Burnley.

[ClaretTony]

isn’t Garlick from London?

No - Westbourne Avenue, off Coal Clough Lane in Burnley.

[Chester Perry]

Mike Garlick was born and raised in Burnley.

and a product of Burnley Grammar school in the same year as Andy Holt owner/Chairman of Accrington Stanley (who lived on the Stoops Estate)

[ClaretTony]

and a product of Burnley Grammar school in the same year as Andy Holt owner/Chairman of Accrington Stanley (who lived on the Stoops Estate)

Garlick lived on the next street at the time to John Jackson who became chairman. He lived on Pasturegate.

I knew where Andy Holt was from but didn't know he was in the same school year at BGS as Garlick. A lot of good people, including website editors, came via that school.

[Chester Perry]

Garlick lived on the next street at the time to John Jackson who became chairman. He lived on Pasturegate.

I knew where Andy Holt was from but didn't know he was in the same school year at BGS as Garlick. A lot of good people, including website editors, came via that school.

came across the information a little while back - from the MMT thread

Didn't know this little factoid - apparently Mike Garlick and Andy Holt were in the same year/class at Burnley Grammar both running clubs the proper way, custodians trying to make them pay their own way

https://twitter.com/AndyhHolt/status/13 ... 2920482818

and then there was Toney Livesey

[claretblue]

and a product of Burnley Grammar school in the same year as Andy Holt owner/Chairman of Accrington Stanley (who lived on the Stoops Estate)

think Farnell can be spotted on back row of school photo that year!

[ClaretTony]

came across the information a little while back - from the MMT thread




and then there was Toney Livesey

Tony Livesey was at school with John B. Think it was Fisher More at Colne.

[Leisure]

Lots of people seem to have a major issue with gambling sponsors, money coming from gulf states etc but totally disregard what made Barry Kilby wealthy enough to buy the club.

Personally I’ve no issue at all with gambling sponsors and applaud Barry for being a self made man but plenty of others on here conveniently forget his background when pontificating about gambling sponsors etc.

Barry didn't run a gambling business. He made his money through Europrint, which was either the 1st (or if not the 1st, then one of the first) companies to print scratch cards. At that time I'd say that scratch cards were not really considered as gambling, they were considered as a bit of fun, the equivalent to going into the arcades in Blackpool.

[Goobs]

Barry didn't run a gambling business. He made his money through Europrint, which was either the 1st (or if not the 1st, then one of the first) companies to print scratch cards. At that time scratch cards were not really considered as gambling, they were considered as a bit of fun, the equivalent to going into the arcades in Blackpool.

It doesn't matter whether it was "considered" that at the time, it is what it is.

Just like certain words used in programs from say the 80's weren't considered unsuitable or racist but those programs would no longer be shown.

[Rileybobs]

Barry didn't run a gambling business. He made his money through Europrint, which was either the 1st (or if not the 1st, then one of the first) companies to print scratch cards. At that time I'd say that scratch cards were not really considered as gambling, they were considered as a bit of fun, the equivalent to going into the arcades in Blackpool.

I’ve got absolutely nothing against how Kilby made his money. But scratchcards are definitely a form of gambling.

[ClaretTony]

Barry didn't run a gambling business. He made his money through Europrint, which was either the 1st (or if not the 1st, then one of the first) companies to print scratch cards. At that time I'd say that scratch cards were not really considered as gambling, they were considered as a bit of fun, the equivalent to going into the arcades in Blackpool.

Bingo was what made Barry his big money. He got a contract to produce bingo cards for a national newspaper and they delivered them to every household.

His dad Roy had owned a printing company too. I think they were called Cambridge Press and were based at Altham. They used to print those little coloured cards you would buy in working mens clubs that you tore around three edges and opened like a book.

[Leisure]

I’ve got absolutely nothing against how Kilby made his money. But scratchcards are definitely a form of gambling.

Yes, they certainly are now but they weren't so much then. But even so, his firm only printed them, not sold them.

[Rojales Claret]

I used to work at Cambridge Press back in the day when Barry Kilby was there. Can't fully remember his roll then but he was more office based but not sure if he was owner or not. It was a long time ago. I do recall he was a very nice man.

[Dark Cloud]

Barry K is totally exempt from any critiscism whatsoever as he's a thoroughly great bloke and he was brilliant for BFC when pretty much nobody else was prepared to buy into it. He should be on the next New year's honours list imo and I really don't give a monkey's how he got rich. To me it shows that nice guys CAN succeed in the shark infested waters of big business.

[arise_sir_charge]

Barry K is totally exempt from any critiscism whatsoever as he's a thoroughly great bloke and he was brilliant for BFC when pretty much nobody else was prepared to buy into it. He should be on the next New year's honours list imo and I really don't give a monkey's how he got rich. To me it shows that nice guys CAN succeed in the shark infested waters of big business.

I tend to agree.

Leisure, just google Barry Kilby's business, have a look where it is now. You are effectively suggesting he sold G-Tech nothing more than a printing press. It's a form of gambling however you dress it up.

There is absolutely nothing wrong in it by the way, It doesn't bother me one bit, it just makes me laugh when folk get all giddy about gambling sponsors etc.

[Top Claret]

Doesn't matter were Garlick was raised, money will be his driving force

Just read that Matt Moulding born in Colne and I believe a claret, is now worth 2.7 billion. I wish he was after buying the club instead of the dodgy Egyptian and the penniless yank

[Dark Cloud]

I know we're digressing and that really isn't like us on here ( ) but I went to the Spurs away game last December and almost unheard of for me, I left the game early (can't imagine why). I caught the tube on my own and noticed BK had jumped on and was sitting at the other end of the carriage by himself. At the last second a group of young, but pretty "fresh" clarets jumped on and recognised him. (I think the light brown camel coat standing out like a sore thumb, is something of giveaway tbh!!) They surrounded him and were engaging him in (loud!) banter/discussion as the train sped along and I noticed how brilliantly Barry just chatted with them, was honest with them (about our woeful display) and was more than comfortable fielding whatever they threw at him, when tbh he probably just wanted to be left alone! I was sitting next a Spurs lad about 10yrs old and his dad who I didn't know, but I heard that lad ask his dad who the guy was that the lads had surrounded and obviously dad had no idea. I explained to them who he was and dad was utterly aghast that a chap in his position would actually travel to away matches on public transport and would happily chat openly with drunken fans. He said if basically any single Spurs director got on the train (which they never would) he wouldn't have a clue who they were. It's also not the first time I've seen Barry K travelling to games in this way and I think that says a lot about him.

[conyoviejo]

I know we're digressing and that really isn't like us on here ( ) but I went to the Spurs away game last December and almost unheard of for me, I left the game early (can't imagine why). I caught the tube on my own and noticed BK had jumped on and was sitting at the other end of the carriage by himself. At the last second a group of young, but pretty "fresh" clarets jumped on and recognised him. (I think the light brown camel coat standing out like a sore thumb, is something of giveaway tbh!!) They surrounded him and were engaging him in (loud!) banter/discussion as the train sped along and I noticed how brilliantly Barry just chatted with them, was honest with them (about our woeful display) and was more than comfortable fielding whatever they threw at him, when tbh he probably just wanted to be left alone! I was sitting next a Spurs lad about 10yrs old and his dad who I didn't know, but I heard that lad ask his dad who the guy was that the lads had surrounded and obviously dad had no idea. I explained to them who he was and dad was utterly aghast that a chap in his position would actually travel to away matches on public transport and would happily chat openly with drunken fans. He said if basically any single Spurs director got on the train (which they never would) he wouldn't have a clue who they were. It's also not the first time I've seen Barry K travelling to games in this way and I think that says a lot about him.

Barry must have been a trainspotter in his youth.

[Leisure]

I tend to agree.

Leisure, just google Barry Kilby's business, have a look where it is now. You are effectively suggesting he sold G-Tech nothing more than a printing press. It's a form of gambling however you dress it up.

There is absolutely nothing wrong in it by the way, It doesn't bother me one bit, it just makes me laugh when folk get all giddy about gambling sponsors etc.

Just googled G-Tech and I'm none the wiser.

[Hedontplayforyou]

Any chance of getting back to the takeover?