I’d have Mike Ashley no problem, he got a lot of stick from Newcastle fans because they weren’t spending huge amounts on players and they thought he wasn’t being ambitious enough for a “huge club”. Always makes me laugh that one as they’ve won the square root of F all for good knows how long and yes granted they have a fantastic fan base but that doesn’t make you a big club. They were always financially sound under Mike Ashley, never in danger of getting into financial difficulties and still maintained premier league status, I don’t know what more any fan outside of maybe 9/10 teams can ask for.
Alan Nixon on ALK, worrying
Re: Alan Nixon on ALK, worrying
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Re: Alan Nixon on ALK, worrying
I'd just like to know whose trying to destabilise us at this most critical time. It doesn't look good, especially when we're trying to attract players to help give us a fighting chance of staying in the PL.
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Re: Alan Nixon on ALK, worrying
What level of debt would the club have if it was handed back to Garlick ?
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Re: Alan Nixon on ALK, worrying
They were relegated twice while Ashley was the ownerPaddy1882 wrote: ↑Fri Jan 21, 2022 9:43 amI’d have Mike Ashley no problem, he got a lot of stick from Newcastle fans because they weren’t spending huge amounts on players and they thought he wasn’t being ambitious enough for a “huge club”. Always makes me laugh that one as they’ve won the square root of F all for good knows how long and yes granted they have a fantastic fan base but that doesn’t make you a big club. They were always financially sound under Mike Ashley, never in danger of getting into financial difficulties and still maintained premier league status, I don’t know what more any fan outside of maybe 9/10 teams can ask for.
Re: Alan Nixon on ALK, worrying
Is the underlined a fact? If so, can you prove it?jedi_master wrote: ↑Fri Jan 21, 2022 9:42 amWhat's new is that there are successive media articles alongside numerous locally heard rumours that things are not right and that if we go down we are in serious trouble.
You can choose to ignore it, believe it or dispute it. There's nothing else anyone can do. I think the facts speak for themselves - we're £102m in debt and likely to be relegated. Without a benefactor the only way that debt is repaid (partially) is by selling Pope, Cornet, McNeil, Taylor and anything else that isn't bolted down along using our parachute payments to pay it. That leaves nothing else to replace the players leaving or address the 10+ players out of contract and ageing squad.
Re: Alan Nixon on ALK, worrying
Cummings has never worked for Burnley has he?ashtonlongsider wrote: ↑Fri Jan 21, 2022 9:44 amI'd just like to know whose trying to destabilise us at this most critical time. It doesn't look good, especially when we're trying to attract players to help give us a fighting chance of staying in the PL.
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Re: Alan Nixon on ALK, worrying
Is there no end to this trash.
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Re: Alan Nixon on ALK, worrying
Ken Lawrence’s twitter bio:Newcastleclaret93 wrote: ↑Fri Jan 21, 2022 9:42 amI trust the sun more than ALK. So I believe it is
Sports writer with The Sun/Sunday World. You couldn’t make it up.
900 followers and a twitter account not used since 2020.
Do you believe everything you read mate?
Re: Alan Nixon on ALK, worrying
It’s Dominic Cummings.ashtonlongsider wrote: ↑Fri Jan 21, 2022 9:44 amI'd just like to know whose trying to destabilise us at this most critical time. It doesn't look good, especially when we're trying to attract players to help give us a fighting chance of staying in the PL.
Re: Alan Nixon on ALK, worrying
A story about nothing by nobody. Better panic then.
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Re: Alan Nixon on ALK, worrying
No but i don’t trust anything ALK say. So this is a more reliable source in my opinion
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Re: Alan Nixon on ALK, worrying
I cannot prove it, it's the rumoured figure.
£60m Dell Loan
£??? Amounts payable to Mike Garlick, John B and the rest
As widely reported around the time of acquisition and in the media reports today, ALK have paid only £15m towards the purchase of the club. The £102m figure is in the article in The Sun today, I imagine it's not far away if we accept the £60m MSD loan is fact and then have to guess the rest?
In fact, scratch that - the article from The Sun implies the debt is actually £162m as it separates the Dell loan as £60m and the amount payable to the shareholders as £102m:
ALK took over in a leveraged buyout, borrowing £60m from US tech billionaire Michael Dell.
They also mortgaged future TV payments to fund the deal that saw them buy 84 per cent of the club.
Meanwhile, former owners Mike Garlick, John Banaszkiewicz and a collection of minor previous shareholders are still awaiting payments of £102m.
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Re: Alan Nixon on ALK, worrying
This is the same Journo who said we would be very active in the market, even before the sale of Woods.
We are being linked with bids for European players, but no money available?! And
Entire team up for sale?!
Can't afford to pay electric bill but then more screens being installed, guess they are free!
Simon Jordan telling the world the insides of a deal he is nothing to do with! (Same genius who lost £50m at Palace)
Statement from Pace and Co saying everything on target and ok. But those damn 'Yanks' (other posters name for them) are lying and here to bring us to our knees.
All this while in 12 months they have raised more income from Sponsors/Partners than in any time of our history.
Seriously contradictory info about our club and has others have said we don't know, and I will be controversial and say they don't know.
We are strapped in for the ride and only time will tell where this leads us.
In the meantime we need to get behind the club, manager and players.
For me everything at the moment is designed to destabilise us with the hope that a team they do not want in the Premier League will be relegated!
UTC
We are being linked with bids for European players, but no money available?! And
Entire team up for sale?!
Can't afford to pay electric bill but then more screens being installed, guess they are free!
Simon Jordan telling the world the insides of a deal he is nothing to do with! (Same genius who lost £50m at Palace)
Statement from Pace and Co saying everything on target and ok. But those damn 'Yanks' (other posters name for them) are lying and here to bring us to our knees.
All this while in 12 months they have raised more income from Sponsors/Partners than in any time of our history.
Seriously contradictory info about our club and has others have said we don't know, and I will be controversial and say they don't know.
We are strapped in for the ride and only time will tell where this leads us.
In the meantime we need to get behind the club, manager and players.
For me everything at the moment is designed to destabilise us with the hope that a team they do not want in the Premier League will be relegated!
UTC
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Re: Alan Nixon on ALK, worrying
Fair enough but they bounced back straight away and twice in 13 seasons is hardly doing a Norwich or a Fulham where they are up and down every year, premier league side for the last 4 years under his tenure I’d personally class that as established.
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Re: Alan Nixon on ALK, worrying
This article tells us little more but it highlights the fact how vital staying up is. Bringing in some loan deals might be ALK’s last throw of the dice.
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Re: Alan Nixon on ALK, worrying
£162m feels like a stretch for us to repay, however many £50 (empty) seats we put in the Bob Lord.
That new signage is really something though.
That new signage is really something though.
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Re: Alan Nixon on ALK, worrying
We have now gone from complaining we don't sell players when we should to now complaining that all players are available for sale
Re: Alan Nixon on ALK, worrying
I don't know much about this guy Nixon but he seems a cult figure on here. But he rarely gets anything right from what I've read on here that he's said.
Re: Alan Nixon on ALK, worrying
Alan Nixon sent the sun a twitter message asking for his name to be removed and the correct byline put on, they've since changed it, **** rag of a media outlet, I trust nothing coming out of these.
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Re: Alan Nixon on ALK, worrying
Well for starters it’s not even Nixon whose written it.( though perhaps it’s just been updated by Lawrence . Apart from reporting we’ve sold Wood and Tarky may go ( proper inside info that ) it’s a 5 min piece my 9yo niece could have written “ all players are for sale at the right price “KRBFC wrote: ↑Fri Jan 21, 2022 8:58 amDeserves a topic of it's own so it isn't buried in the same comments as the DM article from Yesterday. Nixon is typically spot on, really worrying.
https://www.thesun.co.uk/sport/17392439 ... -takeover/
In other news Elvis is dead , man has landed on the moon and sliced bread is readily available .
Last edited by AlargeClaret on Fri Jan 21, 2022 10:01 am, edited 1 time in total.
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Re: Alan Nixon on ALK, worrying
What puzzles me is why are the national press lining up to destabilise Burnley at this time?
Do people really think the press are on the fans side?
This is a hatchet job to help stabilise new darlings Newcastle.
Do people really think the press are on the fans side?
This is a hatchet job to help stabilise new darlings Newcastle.
Re: Alan Nixon on ALK, worrying
Gets quite a lot right on us to be fair but this wasn't even his article - probably wise to change the thread name.
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Re: Alan Nixon on ALK, worrying
I think the nature of the buy out is the destabilising aspect which is being pounced on. It’s just so hard to see where the revenues are coming from to sustain it. If those in the know can answer that we all might rest more easy,
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Re: Alan Nixon on ALK, worrying
He has been right many times in fairness, got the odd transfer wrong (or at least, we have not ended up signing the player in question - no proving we didn't try etc) but overall I would have to say he has the best track record bar The Athletic.
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Re: Alan Nixon on ALK, worrying
That can't add up?jedi_master wrote: ↑Fri Jan 21, 2022 9:53 amI cannot prove it, it's the rumoured figure.
£60m Dell Loan
£??? Amounts payable to Mike Garlick, John B and the rest
As widely reported around the time of acquisition and in the media reports today, ALK have paid only £15m towards the purchase of the club. The £102m figure is in the article in The Sun today, I imagine it's not far away if we accept the £60m MSD loan is fact and then have to guess the rest?
In fact, scratch that - the article from The Sun implies the debt is actually £162m as it separates the Dell loan as £60m and the amount payable to the shareholders as £102m:
ALK took over in a leveraged buyout, borrowing £60m from US tech billionaire Michael Dell.
They also mortgaged future TV payments to fund the deal that saw them buy 84 per cent of the club.
Meanwhile, former owners Mike Garlick, John Banaszkiewicz and a collection of minor previous shareholders are still awaiting payments of £102m.
180m buying price
Rumoured 80m in bank to Garlick
60m Loan to Garlick???
15m of there own money
That would mean 155m already gone to Garlick and Co.
Either the club has plenty of dosh or we are well onto paying Garlick off?
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Re: Alan Nixon on ALK, worrying
No idea, it doesn't feel like it stacks up if we are believed to have given MG and JB the £50m that the club had in it's banks - but that is what The Sun article says. They have pulled that from somewhere but it does sound an insanely large figure from what we know regarding ALK's purchase.Quickenthetempo wrote: ↑Fri Jan 21, 2022 10:02 amThat can't add up?
180m buying price
Rumoured 80m in bank to Garlick
60m Loan to Garlick???
15m of there own money
That would mean 155m already gone to Garlick and Co.
Either the club has plenty of dosh or we are well onto paying Garlick off?
Re: Alan Nixon on ALK, worrying
A nothing article.
Usual posters up in arms.
A far better indication of where we’re really at will be at the end of the transfer window.
Usual posters up in arms.
A far better indication of where we’re really at will be at the end of the transfer window.
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Re: Alan Nixon on ALK, worrying
Well said and these are the same so called fans who want Dyche out.dandeclaret wrote: ↑Fri Jan 21, 2022 9:14 amA painful lesson for the sizable, vocal group who were ungrateful for what they had when the club was well run.
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Re: Alan Nixon on ALK, worrying
What puzzles me is why are the national press lining up to destabilise Burnley at this time?
Do people really think the press are on the fans side?
This is a hatchet job to help stabilise new darlings Newcastle?
Do people really think the press are on the fans side?
This is a hatchet job to help stabilise new darlings Newcastle?
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Re: Alan Nixon on ALK, worrying
I’m not saying this isn’t true, but if a rival club fancied creating a bit of chaos by asking a journalist they were on good terms with to write a bit of bullshit, there’d be absolutely nothing to stop them.
I’d be looking to see if any of the journos over the last few days have a recent history of writing pro-Saudi/NUFC stories.
I’d be looking to see if any of the journos over the last few days have a recent history of writing pro-Saudi/NUFC stories.
Re: Alan Nixon on ALK, worrying
Don't shoot the messengerAlargeClaret wrote: ↑Fri Jan 21, 2022 10:00 amWell for starters it’s not even Nixon whose written it.( though perhaps it’s just been updated by Lawrence . Apart from reporting we’ve sold Wood and Tarky may go ( proper inside info that ) it’s a 5 min piece my 9yo niece could have written “ all players are for sale at the right price “
In other news Elvis is dead , man has landed on the moon and sliced bread is readily available .
Re: Alan Nixon on ALK, worrying
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.
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Re: Alan Nixon on ALK, worrying
Why would it destabilise us if it can be quickly rebutted.
Re: Alan Nixon on ALK, worrying
So if it's only rumoured it can't be a fact.jedi_master wrote: ↑Fri Jan 21, 2022 9:53 amI cannot prove it, it's the rumoured figure.
£60m Dell Loan
£??? Amounts payable to Mike Garlick, John B and the rest
As widely reported around the time of acquisition and in the media reports today, ALK have paid only £15m towards the purchase of the club. The £102m figure is in the article in The Sun today, I imagine it's not far away if we accept the £60m MSD loan is fact and then have to guess the rest?
In fact, scratch that - the article from The Sun implies the debt is actually £162m as it separates the Dell loan as £60m and the amount payable to the shareholders as £102m:
ALK took over in a leveraged buyout, borrowing £60m from US tech billionaire Michael Dell.
They also mortgaged future TV payments to fund the deal that saw them buy 84 per cent of the club.
Meanwhile, former owners Mike Garlick, John Banaszkiewicz and a collection of minor previous shareholders are still awaiting payments of £102m.
We need to be careful not to conflate ALK's debt with the football club's. The accounts should make interesting reading when they're published.
Re: Alan Nixon on ALK, worrying
My car is for sale if someone comes in and makes me an offer I can't really refuse. Like Newcastle with Chris Wood. However, I'm not actively trying to sell it, or advertising it. If I was, then it would also be for sale. So is the statement an obvious reference to the fact all that every player has a price? Which is so obvious it doesn't really need to be said. Or does it mean agents and other clubs have been alerted to the fact we are actively looking to sell?
Re: Alan Nixon on ALK, worrying
I don’t really know what to believe to be honest. The club couldn’t carry on as they were under Garlick. No real improvements to the squad which has led to the position we’re now in.
I am concerned at what I am reading and particularly what CT is saying. The future seems very uncertain.
I am concerned at what I am reading and particularly what CT is saying. The future seems very uncertain.
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Re: Alan Nixon on ALK, worrying
So what is happening?! Worrying to say the least
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Re: Alan Nixon on ALK, worrying
What’s CT saying?
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Re: Alan Nixon on ALK, worrying
The thing that immediately jumped out at me was the £102m owed to shareholders, we know that’s not right even with the little knowledge we do have.
As such, it’s hard to give credibility to an article about finance with such a glaring error in respect of finance!
I’m convinced that the press are picking up on the insecurity of some fans and playing on it.
As such, it’s hard to give credibility to an article about finance with such a glaring error in respect of finance!
I’m convinced that the press are picking up on the insecurity of some fans and playing on it.
Re: Alan Nixon on ALK, worrying
I don't think the money owed by ALK to Garlick is a club liability. Not yet, anyway. From reading all the rumours and the tiny bits of official news (official news amounts to not much more than Pace admitting the club is in debt) it seems that the club used its cash reserve (£50m?) as a loan to ALK and ALK also borrowed £60m which the club has to repay if ALK can't.jedi_master wrote: ↑Fri Jan 21, 2022 9:53 amI cannot prove it, it's the rumoured figure.
£60m Dell Loan
£??? Amounts payable to Mike Garlick, John B and the rest
As widely reported around the time of acquisition and in the media reports today, ALK have paid only £15m towards the purchase of the club. The £102m figure is in the article in The Sun today, I imagine it's not far away if we accept the £60m MSD loan is fact and then have to guess the rest?
In fact, scratch that - the article from The Sun implies the debt is actually £162m as it separates the Dell loan as £60m and the amount payable to the shareholders as £102m:
ALK took over in a leveraged buyout, borrowing £60m from US tech billionaire Michael Dell.
They also mortgaged future TV payments to fund the deal that saw them buy 84 per cent of the club.
Meanwhile, former owners Mike Garlick, John Banaszkiewicz and a collection of minor previous shareholders are still awaiting payments of £102m.
ALK, it seems, has only one asset - BFC. If ALK wants to earn any income, as opposed to further borrowing, it can either sell BFC or get money out of BFC. But that's for the future. As at takeover date, our best guess is that BFC was £60m in debt.
We don't know what has happened to trading profit, player sales and purchases, and further amounts paid to ALK or the directors since that date. We should get our next clues when the Summer 2021 accounts are released in a month or three.
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Re: Alan Nixon on ALK, worrying
They need Premier League content for their pages and with fewer games to write about, we make a nice target as they know we won't come back at them in the same way as larger clubselwaclaret wrote: ↑Fri Jan 21, 2022 10:05 amWhat puzzles me is why are the national press lining up to destabilise Burnley at this time?
Do people really think the press are on the fans side?
This is a hatchet job to help stabilise new darlings Newcastle?
Re: Alan Nixon on ALK, worrying
Probably better to wait until after 31 Jan, it might then give us more insight into exactly where we are.
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Re: Alan Nixon on ALK, worrying
Also Nixon seems to infer there are no money issues, are the ones that were keen to dive in with “BUT IT’S NIXON” as keen to accept his word now?
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Re: Alan Nixon on ALK, worrying
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.arise_sir_charge wrote: ↑Fri Jan 21, 2022 10:20 amAlso Nixon seems to infer there are no money issues, are the ones that were keen to dive in with “BUT IT’S NIXON” as keen to accept his word now?
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.
Re: Alan Nixon on ALK, worrying
Utter drivel!... That sizable and vocal group were only really vocal when the previous board stopped investing in the team and they have been proved correct with the league position we are in now...A painful lesson for the sizable, vocal group who were ungrateful for what they had when the club was well run.
... Sean Dyche was also part of that sizable and vocal group as well and part of the reason this takeover was pushed through...
... As part of the sizable and vocal group that criticised the board and was plainly unhappy with the underinvestment, was Sean Dyche ungrateful too?
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Re: Alan Nixon on ALK, worrying
It is no secret ALK are constantly searching for new investors, that has been made plain form day one. I think someone else has ‘found out’ and built a story around it. Would Alan Pace like someone to buy the major stake and allow Pace to run the club as Chief Exec, probably… does it mean they are looking to jump ship on Burnley, my guess would be absolutely not.
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Re: Alan Nixon on ALK, worrying
There's none so blind as them that won't see.
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Re: Alan Nixon on ALK, worrying
This.claretandbluesky wrote: ↑Fri Jan 21, 2022 10:01 amI think the nature of the buy out is the destabilising aspect which is being pounced on. It’s just so hard to see where the revenues are coming from to sustain it. If those in the know can answer that we all might rest more easy,
Those looking for conspiracy theories should give their head a wobble. Let's deal with facts. Sold off using the club’s own money and now loaded with debt.