How long left for ALK?

[Tackler49]

When ALK bought Burnley FC with leveraged debt Simon Jordan predicted that we could be in big trouble if we were relegated now we are back in the Championship it seems he could be right and some of the doom & gloom in some these posts could be justified. Using leveraged debt nearly failed at Man Utd and they are on a different financial planet to us, this next week could define our short term future we can only hope ALK know what they’re doing have they sold SP a pup?

[SydneyClaret]

Wow. Talk about over reaction. We got beat 1-0 by the team with the best defence in the league. Yes we had a weakened team but the way I saw the game is we just struggled to break through their defensive midfield play.

[THEWELLERNUT70]

You mean in a way like fattening the Garlick Goose ?

[GodIsADeeJay81]

One loss and you’re all having a fking meltdown and throwing out any old nonsense
Bunch of drama queens

Selling the club - championship isn’t really the place to do it, if you want to make a profit
They’re not gonna do it now

Player sales - this is normal, we’re buying cheap to flip for more, it’s not the first time we’ve seen it in football
We also don’t know who may be coming in, because the club doesn’t tend to advertise it to the world, not even the fans of the club who demand that they should be kept in the know just because they’ve got a ST and have followed the club for x amount of years

The squad has enough about them to get promoted, but I’ve read there’s been an illness in the squad so that’s been the issue with the Sunderland match day squad


Of course Parker wants new players, he wants the squad to match his ideals and style, just like any new manager does
He’ll also be aware of which players are attracting offers etc

Friday feels like a long way off if this is how you lot are gonna be

[Quicknick]

Starting to think with all these sales and no real sign of spending any of it on incomings whether they are looking to sell up.

You have no idea about incomings.

[Vegas Claret]

The squad has enough about them to get promoted, but I’ve read there’s been an illness in the squad so that’s been the issue with the Sunderland match day squad

I'd say I'm glass 3/4 full mostly on here but in all honesty i'm not seeing what is left of our squad evening getting top 6, zero chance of promotion. Huge week coming up.

[Steve-Harpers-perm]

You have no idea about incomings.

True we’ll see by this Friday. Massive week ahead.

[Claretitus]

Koleosho, Brownhill and Vitinho, all look tied on to leave this week. These 3 started both of the first 2 games, with 3 goals coming from them. O Shea defo going, again, starting both those games AND scoring. Add to those, Weghorst, Benson, McNally, and possibly Amdouni going, we are in deep doo doo. I know there will have been stuff going on in the background regarding incomings that we aren’t privy to, but attracting players who are good enough, and cheap enough to replace those leaving, will be extremely difficult.

[spt_claret]

Koleosho, Brownhill and Vitinho, all look tied on to leave this week. These 3 started both of the first 2 games, with 3 goals coming from them. O Shea defo going, again, starting both those games AND scoring. Add to those, Weghorst, Benson, McNally, and possibly Amdouni going, we are in deep doo doo. I know there will have been stuff going on in the background regarding incomings that we aren’t privy to, but attracting players who are good enough, and cheap enough to replace those leaving, will be extremely difficult.

4 goals. Brownhill scored 2, Vitinho assisted which technically makes it a 5th goal contributing action.

[Claretitus]

Yes, sorry, forgot Vitinho scored at Luton. But you get my drift? Looks like we are fooked.

[BleedingClaret]

In the last couple of weeks it feels like a lot has probably happened. The club were top of the championship ans probably have the highest value we will have for at least the next year. If we fail to go up the clubs value will only decrease, therefore the value now could be its highest for years. They want out now. They are clearly asset stripping by selling the players for liquid money that they can use to inflate the clubs value and move it on. They will sell to the highest bidder. We could get lucky and get a Saudi billionaire, but more likely we will end up with someone from abroad who is a corrupt money launderer. We will join the list of clubs like Portsmouth and Bolton who have slipped down to league 2, but as a small club it will take longer to get back up. As it did last time it took decades but this time will be much, much worse. That is if there still is a club. This is the beginning of a dark time. Things can change very, very quickly.

I’ve been speculating from the moment we spent £100m of BORROWED MONEY on players that looked like they would be bullied off a Burnley Sunday League match pitch and relegation became obvious, along with mothballing our Championship winning team as they devalued day by day, that we’re at real risk of losing Gawthorpe and the Turf. I’m assuming it’s the collateral that the loans are secured on.

Return to the Premier League riches is all that
guarantees to avoid this risk, but when you take out loans to pay off loans, put interest on interest and are probably factoring incomings etc for liquidity just to operate day by day cos you are probably too high risk to get any new finance under written and it gets to the point
where you put every player up for sale, from a team that untouched or lightly traded would almost definitely have got you back to the Prem, just to service the debt and then don’t have a team left with a credible chance of promotion because you had to because of financial pressure
It a catch 22 situation
Love to be completely wrong and I’ll wear an I love Alan Pace T shirt if it all works out
But it feels like Armageddon
And the catalyst is pure greed that clods common sense

[Claretnick]

Just asking the question as to whether Pace's position as Chairman could be challenged by other directors or investors such as JJ?
The level of incompetence shown by the club this summer, such as the ticket fiasco and now players sales disaster, in my mind means the buck stops with Pace.
Time for him to step down....

[BleedingClaret]

When ALK bought Burnley FC with leveraged debt Simon Jordan predicted that we could be in big trouble if we were relegated now we are back in the Championship it seems he could be right and some of the doom & gloom in some these posts could be justified. Using leveraged debt nearly failed at Man Utd and they are on a different financial planet to us, this next week could define our short term future we can only hope ALK know what they’re doing have they sold SP a pup?

Almost definite that they don’t
And they aren’t in control now
Financial pressure is at them

[CoolClaret]

We'd have genuinely been better off going up last year, barely spending a penny and servicing all of the existing debt.

What a colossal waste of time it was last year. Pointless.

[ClaretAndJew]

We'd have genuinely been better off going up last year, barely spending a penny and servicing all of the existing debt.

What a colossal waste of time it was last year. Pointless.

A waste of time for supporters, not for those using Burnley to advance their careers.

[Dyched]

We don’t sell.

“What are ALK doing we can't sustain this wage bill”. “If we don’t go up we’re doom”

People just need to chill out.

[CoolClaret]

We don’t sell.

“What are ALK doing we can't sustain this wage bill”. “If we don’t go up we’re doom”

People just need to chill out.

It's almost as though there are options other than the two extremes that you (and others) suggest.

Also, actions such as selling O'Shea and bringing in Worrall & Humphries for basically the same price (but two wages) are just kicking the debt can further down the road for this ridiculous, unsustainable 'business model'.

[beeholeclaret]

Starting to think with all these sales and no real sign of spending any of it on incomings whether they are looking to sell up.

I think it’s the other way around here.

They spent massively last year and backed the manager with more funds than previous managers have had. It didn’t work and the manager did a runner. All the young talent they brought in have now got their agents working to keep them in Premuer League with higher wages so it will be unsettling for a while.


Just hope we can attract a few strong players who are up to the job. Disappointing that our experienced lads didn’t play at their best yesterday. Hope players like Joe Worrall can take up the mantle and encourage the younger ones.

[Raconteur]

All the young talent they brought in have now got their agents working to keep them in Premuer League with higher wages so it will be unsettling for a while.

It's sounding more like the club has got their own agents working to keep them in the Premier League.

[GodIsADeeJay81]

Just asking the question as to whether Pace's position as Chairman could be challenged by other directors or investors such as JJ?
The level of incompetence shown by the club this summer, such as the ticket fiasco and now players sales disaster, in my mind means the buck stops with Pace.
Time for him to step down....

Level of incompetence?

We “sold” our manager to Bayern
We got a replacement in and settled quite quickly
We’ve won 2 out of 3 games quite convincingly
We’ve got decent money for our players when clubs have come knocking for them
We’ve got some players in and more will follow I’m sure

If that’s what you’re calling incompetence, I don’t think you’ll ever be happy tbh

[GetIntoEm]

Level of incompetence?

We “sold” our manager to Bayern
We got a replacement in and settled quite quickly
We’ve won 2 out of 3 games quite convincingly
We’ve got decent money for our players when clubs have come knocking for them
We’ve got some players in and more will follow I’m sure

If that’s what you’re calling incompetence, I don’t think you’ll ever be happy tbh

Spot on, we've never been as strong in the transfer market.
Sure, it's a difficult spot now but we are getting top money for our players.

Surely you don't want to go back the days of trying to sign players for 5m when the club wants 10m and us just walking away saying we can't compete in this transfer market.

[ksrclaret]

Spot on, we've never been as strong in the transfer market

Cracking levity

[GetIntoEm]

Might be worth getting beat next week just to witness the meltdown on here

[ksrclaret]

Might be worth getting beat next week just to witness the meltdown on here

I think you’d better stick to Twitter with that drama queenery

[aggi]

Just asking the question as to whether Pace's position as Chairman could be challenged by other directors or investors such as JJ?
The level of incompetence shown by the club this summer, such as the ticket fiasco and now players sales disaster, in my mind means the buck stops with Pace.
Time for him to step down....

Pace has more than 50% ownership so unlikely.

What was the ticket fiasco? I don't remember anything about that.

[BleedingClaret]

Just asking the question as to whether Pace's position as Chairman could be challenged by other directors or investors such as JJ?
The level of incompetence shown by the club this summer, such as the ticket fiasco and now players sales disaster, in my mind means the buck stops with Pace.
Time for him to step down....

The JJ’s of this world could disappear as soon as they appeared

[helmclaret]

Pace has more than 50% ownership so unlikely.

What was the ticket fiasco? I don't remember anything about that.

Well I haven’t received my season ticket yet if that’s part of the fiasco.

[FeedTheArf]

Wow. Talk about over reaction. We got beat 1-0 by the team with the best defence in the league. Yes we had a weakened team but the way I saw the game is we just struggled to break through their defensive midfield play.

This couldn’t have less to do with losing 1-0 yesterday.

[Casper2]

Might be worth getting beat next week just to witness the meltdown on here

What a stupid post .

[taio]

Might be worth getting beat next week just to witness the meltdown on here

Emotions will run high if we get beat, especially given what's going on at the moment, but if we do it's hard to imagine a more foolish post than what you have posted above.

[Boss Hogg]

I got the impression that for years the Directors didn’t take much out of the club. The club felt like it was being safeguarded under Kilby. The years of prudence led to healthy club finances that ended up in Garlicks fat pockets imo. The current lot have bought the club with the clubs own money and are taking handsome amounts out from what I can see. I don’t think Jordan is too far wrong and this could go massively tits up. Big week for the board and how the fans view them.

[Inchy]

I hope it all goes tits up. Be able to get a ticket on the day then. Too much of a faff these days with points and having to pay to jump the line

[Row x]

What a stupid post .

Correct
It sums up some of the posters on here at the moment perfectly

[RVclaret]

It's almost as though there are options other than the two extremes that you (and others) suggest.

Also, actions such as selling O'Shea and bringing in Worrall & Humphries for basically the same price (but two wages) are just kicking the debt can further down the road for this ridiculous, unsustainable 'business model'.

Get what you’re saying but Humphreys will be a back up or even starting left back this season I reckon (plus cover for centre back).

[fatboy47]

How long left for BFC? may be a more relevant question.

£50m in parachute payments?
£100m in net transfer fees?

16,000 ST sales plus a seasons matchday income
Sponsorship/ club shop and fees from televised games.

If we've still got the clearance sales signs in the window after this lot then we've clearly been massively mis-managed.

[Foreverly Claret]

I got the impression that for years the Directors didn’t take much out of the club. The club felt like it was being safeguarded under Kilby. The years of prudence led to healthy club finances that ended up in Garlicks fat pockets imo. The current lot have bought the club with the clubs own money and are taking handsome amounts out from what I can see. I don’t think Jordan is too far wrong and this could go massively tits up. Big week for the board and how the fans view them.

Agreed .

Foreign owners.

They don't like England

They don't like Burnley

They don't like soccer

It's all about business opportunities not about the love of the game

[GetIntoEm]

Correct
It sums up some of the posters on here at the moment perfectly

Funny tho based on the absolute scenes on here at the moment

[JR1882]

Wow. Talk about over reaction. We got beat 1-0 by the team with the best defence in the league. Yes we had a weakened team but the way I saw the game is we just struggled to break through their defensive midfield play.

We were a million miles off it, up there with most dire away days in recent memory for me.

[CoolClaret]

Get what you’re saying but Humphreys will be a back up or even starting left back this season I reckon (plus cover for centre back).

The semantics doesn't particularly matter.

When there's a position sorted there is no point tinkering unless some ridiculous bid comes in. It's the equivalent of trying to trade and outsmart the market rather than just being happy that you've got a solid index fund. Absolutely no need to tinker there whatsoever.

Bashir might turn into a world-beater; if he does great but there's a risk he also may not. What we did have in O'Shea, is a player that isn't injury prone and along with his partner in Esteve, showed that they could defend man for man with a highline against Premier League opposition.

There are not many centre halves about that can do that and the ones that can certainly don't come cheap.

[Claretnick]

Level of incompetence?

We “sold” our manager to Bayern
We got a replacement in and settled quite quickly
We’ve won 2 out of 3 games quite convincingly
We’ve got decent money for our players when clubs have come knocking for them
We’ve got some players in and more will follow I’m sure

If that’s what you’re calling incompetence, I don’t think you’ll ever be happy tbh

Season tickets posted to old addresses on the club's records
An employee alledgedly whatsapping confidential info about 1st team squad players to the U21 squad, okay he may have been dealt with but who the hell appointed him
The estate agent trying to be a customer service director
Can't even organise simple catering on a match day
The list goes on and on
Now it seems the new head coach is having the rug pulled from under his feet with valued players being flogged to keep the money lenders happy

Well if you are happy with the direction of the club after last seasons' fiasco then good for you........

PS not even interested in the first 3 results as it is early days but to be in a situation where 14 players out of a 31 man squad unavailable with 2 goalkeepers on the bench and a smattering of U21's is ridiculous on matchday 3 IMO!!

[Row x]

Funny tho based on the absolute scenes on here at the moment

It just shows how bad it's got on both sides of the argument is what I was trying to say..

[Coeus]

Well I haven’t received my season ticket yet if that’s part of the fiasco.

Sorry helm, someone should have told you that you have been sold.

[Superjohnnyfrancis]

If they were thinking straight it would have been best to get promoted and then just sell the club rather than this desperate selling of assets this season.

Sell enough by all means but keep a core for the first team .They have shown absolutely no understanding of how football clubs work so far. Just think you can sell everyone every season and be successful.


I’d rather we had owners with some money to spend, whose to say these small investors (£7m each?) have backed out and want their money back?

The sales so far have a real desperate feel about them like everyone is up for sale. Not going to end well when we don’t get up due to low quality team left over.

[Row x]

If they were thinking straight it would have been best to get promoted and then just sell the club rather than this desperate selling of assets this season.

Sell enough by all means but keep a core for the first team .They have shown absolutely no understanding of how football clubs work so far. Just think you can sell everyone every season and be successful.


I’d rather we had owners with some money to spend, whose to say these small investors (£7m each?) have backed out and want their money back?

The sales so far have a real desperate feel about them like everyone is up for sale. Not going to end well when we don’t get up due to low quality team left over.

Who are these owners with money to spend you refer to

They certainly weren't queuing round the block when the club was up for sale, and a better proposition than it is now, so I doubt they'd be putting a bid in now.

[ElectroClaret]

Might be worth getting beat next week just to witness the meltdown on here

I really don't believe I've just read that.

[123EasyasBFC]

We did draw the short straw with our American owners. Bournemouth have American owners who actually have money. We are a much bigger club than Bournemouth to

[Superjohnnyfrancis]

Who are these owners with money to spend you refer to

They certainly weren't queuing round the block when the club was up for sale, and a better proposition than it is now, so I doubt they'd be putting a bid in now.

I might be wrong but didn’t they put £10m in to “buy” the club with its own money.

If they don’t get someone in soon with some clue how to run a football club we are doomed.

[Row x]

I might be wrong but didn’t they put £10m in to “buy” the club with its own money.

If they don’t get someone in soon with some clue how to run a football club we are doomed.

Thats the current owners

I asked who the people are you want to buy the club and then spend money.

They don't exist

[Leisure]

Pace has more than 50% ownership so unlikely.

What was the ticket fiasco? I don't remember anything about that.

You mustn't buy tickets then! It's practically a fiasco in one form or another every away game! Yesterday there were around 200 Burnley fans queuing in the Ticket Office at Sunderland collecting reprints for tickets which never arrived. Now that's a fiasco! Plus season tickets being sent to people's old addresses, that's another fiasco!

[Bosscat]

You mustn't buy tickets then! It's practically a fiasco in one form or another every away game! Yesterday there were around 200 Burnley fans queuing in the Ticket Office at Sunderland collecting reprints for tickets which never arrived. Now that's a fiasco! Plus season tickets being sent to people's old addresses, that's another fiasco!

Just read someones Wolves Tkts sent to an Old Address despite his current one on the system ...
Another fiasco