Pace/ALK set to buy Espanyol?

[Chester Perry]

I don’t need to know the full ins and outs but if you want to show me anything that shows Alan Pace has personally benefited or received money since his owning us then feel free to show me

Not sure when this was updated but it is the first time since September 2021

Burnley FC Company Details
https://www.burnleyfootballclub.com/leg ... ny-details

BFC Company Details 2025 07 015.jpg (233.87 KiB) Viewed 1118 times

just for the record Velocity Capital (UK) Holdings still owe the club circa £97m (interest free) for the funds it used to buy it's (82.7%) and Velocity Sports Partners LLC (7.3%) shareholding in Burnley FC Holdings Limited - The club have spent well in excess of £40m in interest, refinancing and repayment costs for the monies Velocity have used free of charge.

An interesting sidenote is that the previous statement stated that Alan Pace owned 50% of ALK Capital LLC with Hunt and Smith at 16.9% each

[123EasyasBFC]

Not sure when this was updated but it is the first time since September 2021

Burnley FC Company Details
https://www.burnleyfootballclub.com/leg ... ny-details


BFC Company Details 2025 07 015.jpg


just for the record Velocity Capital (UK) Holdings still owe the club circa £97m (interest free) for the funds it used to buy it's (82.7%) and Velocity Sports Partners LLC (7.3%) shareholding in Burnley FC Holdings Limited - The club have spent well in excess of £40m in interest, refinancing and repayment costs for the monies Velocity have used free of charge.

An interesting sidenote is that the previous statement stated that Alan Pace owned 50% of ALK Capital LLC with Hunt and Smith at 16.9% each

That doesn’t show money going directly to Alan Pace though does it, as I have said I don’t want to make the thread move away from the actual subject, ALK investment group will benefit like majority of us ownership groups but nobody can factually say Alan Pace is personally benefiting

[Chester Perry]

That doesn’t show money going directly to Alan Pace though does it, as I have said I don’t want to make the thread move away from the actual subject, ALK investment group will benefit like majority of us ownership groups but nobody can factually say Alan Pace is personally benefiting

Now you are just trolling

I had a rule of not responding to you previously and it is now coming back into force

[dsr]

That doesn’t show money going directly to Alan Pace though does it, as I have said I don’t want to make the thread move away from the actual subject, ALK investment group will benefit like majority of us ownership groups but nobody can factually say Alan Pace is personally benefiting

What's your point? I don't suppose anyone can prove (to your degree of proof anyway) that the Glazers are personally benefitting from owning Man United, on this same sort of model. But no-one would say that's evidence that they aren't.

If it helps, we have no direct proof that Alan Pace has personally put cash into his own bank account from Burnley FC. We do know that companies he owns have taken tens of millions out of the club, by loan and by fees, but we don't know whether Pace has taken that cash for himself yet. But we do have cast iron proof (that Chester Perry provided above) that Alan Pace's complex ownership group is costing the club tens of millions of pounds.

[Big Vinny K]

The only reason he does not ”need to know all the ins and outs” is because he has not got the first clue what any of all this means.

[claretonthecoast1882]

Isn't he like Eddie Davies at Bolton & Jack Walker & Rovers in that he's happy to put money into the club without seeking to get anything out financially?

Probably not the best 2 examples to use, both now finding out how life is without a sugar daddy.

[123EasyasBFC]

The only reason he does not ”need to know all the ins and outs” is because he has not got the first clue what any of all this means.

So you can’t show me anything that shows he is personally gaining anything so you have as much clue as me and anyone else

[123EasyasBFC]

Now you are just trolling

I had a rule of not responding to you previously and it is now coming back into force

Because someone doesn’t agree with what you are saying doesn’t make them a troll. People can’t say Alan Pace is personally benefitting without providing any evidence that he is

[boyyanno]

There's somthing rather comedic about these posts

[ŽižkovClaret]

Because someone doesn’t agree with what you are saying doesn’t make them a troll. People can’t say Alan Pace is personally benefitting without providing any evidence that he is

On the balance of probabilities, he's making a tidy sum, or he wouldn't be here.

I'm happy for him to pull me up on that should he wish.

[ClaretPete001]

So you can’t show me anything that shows he is personally gaining anything so you have as much clue as me and anyone else

At the very least he's personally gained the best part of a £200 million asset by using the clubs own money to buy it.

[123EasyasBFC]

What's your point? I don't suppose anyone can prove (to your degree of proof anyway) that the Glazers are personally benefitting from owning Man United, on this same sort of model. But no-one would say that's evidence that they aren't.

If it helps, we have no direct proof that Alan Pace has personally put cash into his own bank account from Burnley FC. We do know that companies he owns have taken tens of millions out of the club, by loan and by fees, but we don't know whether Pace has taken that cash for himself yet. But we do have cast iron proof (that Chester Perry provided above) that Alan Pace's complex ownership group is costing the club tens of millions of pounds.

The point I was making is nobody can prove that Alan pace is personally benefitting, and my initial point was what for ALK group to benefit financially then Burnley and now Espanyol will also have to be benefitting financially.

But yet again we people just use the thread to have another go at the ownership group

[dsr]

So you can’t show me anything that shows he is personally gaining anything so you have as much clue as me and anyone else

The rest of us can pick up lots of clues from the financial information available. You're the only one that hasn't a clue.

[123EasyasBFC]

At the very least he's personally gained the best part of a £200 million asset by using the clubs own money to buy it.

He hasn’t personally gained, ALK group has gained

[123EasyasBFC]

The rest of us can pick up lots of clues from the financial information available. You're the only one that hasn't a clue.

Yet all the finance experts on here can’t provide a single bit of evidence to show that Alan Pace has personally gained. I’ve tried to say let’s not make the thread go off but people are carrying it on

[dsr]

Yet all the finance experts on here can’t provide a single bit of evidence to show that Alan Pace has personally gained. I’ve tried to say let’s not make the thread go off but people are carrying it on

I doubt I could prove that Richard Branson has personally gained from the ownership of Virgin Group, but I'm willing to say with confidence that he has. (Of course, Richard Branson may actually file the accounts he is legally obliged to do, so there may be evidence there.)

[ClaretTony]

So nobody can say Alan pace is personally making money out of Burnley then

If you think he’s not then fine.

[123EasyasBFC]

If you think he’s not then fine.

At last someone who can reply civilly even if they don’t agree with what I am saying

[Big Vinny K]

He hasn’t personally gained, ALK group has gained

And who is the majority owner of ALK ?

[aggi]

He hasn’t personally gained, ALK group has gained

And they are owned by ...

[123EasyasBFC]

And who is the majority owner of ALK ?

Right so ALK as a group are benfitting but not Alan Pace personally, and ALK only benefit if Burnley and now Espanyol are successful which is the point I was making to start with

[Big Vinny K]

Right so ALK as a group are benfitting but not Alan Pace personally, and ALK only benefit if Burnley and now Espanyol are successful which is the point I was making to start with

Are you seriously asking how companies work ?
Do you not find any of this even a little embarrassing ?

[123EasyasBFC]

Are you seriously asking how companies work ?
Do you not find any of this even a little embarrassing ?

I don’t understand why you are so bothered, surely in this time you could of provided some evidence to show Alan Pace is benefitting personally.

You don’t have to agree with me its ok.

[daveisaclaret]

Just don't feed the troll. It's not hard.

[123EasyasBFC]

Just don't feed the troll. It's not hard.

Again just because you dont agree with things doesn’t mean people are trolling.

[Big Vinny K]

I don’t understand why you are so bothered, surely in this time you could of provided some evidence to show Alan Pace is benefitting personally.

You don’t have to agree with me its ok.

He’s the majority owner of the company that is benefiting so he is benefiting personally….because he owns the company
It’s not really that difficult to understand.

It’s not about agreeing or disagreeing with you. If you believe that the director of a company does not personally benefit from when that company makes money then feel free to argue that. Directors are people….which is the definition of ‘personally”.

Do you think anybody from ALK is making money ‘personally” out of Burnley FC ?

[ŽižkovClaret]

He hasn’t personally gained, ALK group has gained

ALK Group that Pace has 50% of?

[ŽižkovClaret]

Again just because you dont agree with things doesn’t mean people are trolling.

I really hope you are trolling because otherwise.......

[123EasyasBFC]

He’s the majority owner of the company that is benefiting so he is benefiting personally….because he owns the company
It’s not really that difficult to understand.

It’s not about agreeing or disagreeing with you. If you believe that the director of a company does not personally benefit from when that company makes money then feel free to argue that. Directors are people….which is the definition of ‘personally”.

Do you think anybody from ALK is making money ‘personally” out of Burnley FC ?

If money is being taken out of ALK Group into a personal account of Alan Pace then to me nobody can say he is personally benefiting.

To your last question as I said a while back, only a select few owners are in it because they love the club, I think the money ALK are Benefitting and using that to invest in other clubs, if they eventually sell up then they will be benefiting personally because you’d imagine the profit would go to everyone in the group

[agreenwood]

Seems to be the school of thought in the Spanish media that Espanyol will be the longer term senior partner in this deal which fills me with nothing but dread.

We can only hope it’s nothing more than a a bit of hollow briefing to butter up the Espanyol fans.

[randomclaret2]

Seems to be the school of thought in the Spanish media that Espanyol will be the longer term senior partner in this deal which fills me with nothing but dread.

We can only hope it’s nothing more than a a bit of hollow briefing to butter up the Espanyol fans.

Im not sure that's a scenario that I could personally tolerate.

[agreenwood]

Im not sure that's a scenario that I could personally tolerate.

Me neither.

On the face of it, they’ve got a nicer stadium, slightly bigger average attendances and probably got more chance of finishing in a European spot with less outlay, but unless we’re talking Champions League, even a very successful Espanyol will struggle to make significant profits outside of player sales. We could probably finish 17th and turn a greater profit.

Some sort of early reassurance wouldn’t go amiss, but I suspect that never happen.

[RMutt]

I don’t understand why you are so bothered, surely in this time you could of provided some evidence to show Alan Pace is benefitting personally.

You don’t have to agree with me its ok.

Well unless you think he buys his ticket for the Bob Lord stand, that’s at least one way he’s benefiting.

[Hedontplayforyou]

Not a fan of this multi club nonsense . If it could benefit us somehow then ok, but under no circumstances do I want our club to be second fiddle in some sort of Espanyol parenthood.

I think the fanbase would turn if that ended up being the case .

[123EasyasBFC]

[quote=RMutt post_id=2580145 time=1752593327 user_id=697]
Well unless you think he buys his ticket for the Bob Lord stand, that’s at least one way he’s benefiting.
[/quote]

Can you prove he doesn’t pay for his own ticket??

(That’s a joke, befote anyone calls me a troll)

[Big Vinny K]

If money is being taken out of ALK Group into a personal account of Alan Pace then to me nobody can say he is personally benefiting.

To your last question as I said a while back, only a select few owners are in it because they love the club, I think the money ALK are Benefitting and using that to invest in other clubs, if they eventually sell up then they will be benefiting personally because you’d imagine the profit would go to everyone in the group

The fact that you think that taking money from a company and putting into a personal account is the only way somebody can personally benefit pretty much sums up your level of understanding.

[agreenwood]

**** me lads.

Swap mobile numbers and take it somewhere the rest of us don’t need to read it.

[Commy]

I like them already

https://x.com/Cororo0/status/1945077292788523034

[claretonthecoast1882]

**** me lads.

Swap mobile numbers and take it somewhere the rest of us don’t need to read it.

Good luck with that

[ClaretPete001]

Me neither.

On the face of it, they’ve got a nicer stadium, slightly bigger average attendances and probably got more chance of finishing in a European spot with less outlay, but unless we’re talking Champions League, even a very successful Espanyol will struggle to make significant profits outside of player sales. We could probably finish 17th and turn a greater profit.

Some sort of early reassurance wouldn’t go amiss, but I suspect that never happen.

The biggest difference is that they are the 9th biggest club in Spain by attendance last season whereas were were the 14th biggest in the Championship.

[agreenwood]

The biggest difference is that they are the 9th biggest club in Spain by attendance last season whereas were were the 14th biggest in the Championship.

Not sure the size of the club relative to your league is that relevant, particular in country almost completely (and forever) dominated by just two teams.

Unless they sell players for a lot more than they buy them for, it’s hard to see how Espanyol could be that profitable. It’s also harder to sell players for super large fees in La Liga unless you’re Real or Barca (maybe Athletico). A good season in the Prem makes you a lot more valuable than a good season in La Liga. I suspect there aren’t many players outside of Real, Barca and Athletico that have gone for more than €25m.

[NewClaret]

The biggest difference is that they are the 9th biggest club in Spain by attendance last season whereas were were the 14th biggest in the Championship.

This is exactly why we’ll be the ‘lead’ club Pete: Football is much bigger business in England than it is in Spain and clubs therefore pay much more for players. This whole model is about player development.

Only way I can see this changing is if the TV money is ever more fairly distributed over there.

I call it ‘lead’ club, the article called it ‘parent’. I doubt Pace will ever describe it using either term though. He’ll say you don’t have favourite children, I love them equally, it’s a family, blah blah blah.

[Chester Perry]

Not sure when this was updated but it is the first time since September 2021

Burnley FC Company Details
https://www.burnleyfootballclub.com/leg ... ny-details





just for the record Velocity Capital (UK) Holdings still owe the club circa £97m (interest free) for the funds it used to buy it's (82.7%) and Velocity Sports Partners LLC (7.3%) shareholding in Burnley FC Holdings Limited - The club have spent well in excess of £40m in interest, refinancing and repayment costs for the monies Velocity have used free of charge.

An interesting sidenote is that the previous statement stated that Alan Pace owned 50% of ALK Capital LLC with Hunt and Smith at 16.9% each

What I didn't say here, but remains relevant is that it appears that either:
- Morgan Edwards and John Dewey are no longer part of ALK Capital LLC
or, and this wouldn't be anywhere close to the first time
- the detail offered on the club website is not fully factually correct

if it is the latter - from an PL/EFL perspective they will get away with it as Edwards and Dewey each hold less than 10% of ALK Capital LLC. As ever there are grains of truth in what these three tell us but almost never (if ever) the whole truth .

[Paul Waine]

What I didn't say here, but remains relevant is that it appears that either:
- Morgan Edwards and John Dewey are no longer part of ALK Capital LLC
or, and this wouldn't be anywhere close to the first time
- the detail offered on the club website is not fully factually correct

if it is the latter - from an PL/EFL perspective they will get away with it as Edwards and Dewey each hold less than 10% of ALK Capital LLC. As ever there are grains of truth in what these three tell us but almost never (if ever) the whole truth .

Hi CP, surely, if the previous statement said Alan Pace owned 50% and Hunt and Smith owned 16.9% each, there were other owners of the remaining 16.8%. If the more recent statement says ALK Capital is wholly-owned by Alan Pace, Mike Smith and Stuart Hunt then we are also being informed that there are no other owners.

[Paul Waine]

No one appears to have asked the most important question.

Are we now all fans of Espanyol? Will we go to watch Espanyol when we are in Spain for our holidays? Perhaps, we will also plan weekends in Barcelona to take in a game. Will we be able to get tickets for some of Espanyol's big home games, Real Madrid, Athletico Madrid, Barcelona?

Will we also welcome Espanyol fans to Turf Moor when they come to visit their sister club? (We play in different leagues, we are both part of the same ownership group. I don't think it's helpful to think of "parent club" and "feeder club" - perhaps we can claim to be "big sister" - because we were acquired first by Alan Pace and Espanyol can be "little sister."

UTC

[Chester Perry]

Hi CP, surely, if the previous statement said Alan Pace owned 50% and Hunt and Smith owned 16.9% each, there were other owners of the remaining 16.8%. If the more recent statement says ALK Capital is wholly-owned by Alan Pace, Mike Smith and Stuart Hunt then we are also being informed that there are no other owners.

I explained my take on that, the track record makes it difficult to take what they say at face value, I have shown that numerous times over the years, even on legal documents they have produced - even the previous statement wasn't entirely truthful

[Spijed]

No one appears to have asked the most important question.

Are we now all fans of Espanyol? Will we go to watch Espanyol when we are in Spain for our holidays? Perhaps, we will also plan weekends in Barcelona to take in a game. Will we be able to get tickets for some of Espanyol's big home games, Real Madrid, Athletico Madrid, Barcelona?

Will we also welcome Espanyol fans to Turf Moor when they come to visit their sister club? (We play in different leagues, we are both part of the same ownership group. I don't think it's helpful to think of "parent club" and "feeder club" - perhaps we can claim to be "big sister" - because we were acquired first by Alan Pace and Espanyol can be "little sister."

UTC

If you start supporting Espanyol I'd say you aren't are proper Burnley supporter, it's as simple as that.

[gawthorpe_view]

No one appears to have asked the most important question.

Are we now all fans of Espanyol? Will we go to watch Espanyol when we are in Spain for our holidays? Perhaps, we will also plan weekends in Barcelona to take in a game. Will we be able to get tickets for some of Espanyol's big home games, Real Madrid, Athletico Madrid, Barcelona?

Will we also welcome Espanyol fans to Turf Moor when they come to visit their sister club? (We play in different leagues, we are both part of the same ownership group. I don't think it's helpful to think of "parent club" and "feeder club" - perhaps we can claim to be "big sister" - because we were acquired first by Alan Pace and Espanyol can be "little sister."

UTC

How long before Burnley shirts are spotted at Espanyol and vice versa?

[Commy]

https://sportwitness.co.uk/burnley-owne ... purchases/

Pace staying over there to sort out transfers and it says that Espanyol is going to be the parent club of the growing group.

[ClaretPete001]

This is exactly why we’ll be the ‘lead’ club Pete: Football is much bigger business in England than it is in Spain and clubs therefore pay much more for players. This whole model is about player development.

Only way I can see this changing is if the TV money is ever more fairly distributed over there.

I call it ‘lead’ club, the article called it ‘parent’. I doubt Pace will ever describe it using either term though. He’ll say you don’t have favourite children, I love them equally, it’s a family, blah blah blah.

Only if we stay in the PL or get promoted at the first time of asking. If we don't stay in the PL we very quickly become a much smaller club with limited budgets to spend on playing assets. I'm sure it was you who pointed out that Espanyol have only been relegated 6 times and have bounced back first time on all occasions.

I can see the argument that we could become a conduit to a bigger market but I'm not sure that is realistic given how competitive LA Liga is and two of those 6 relegations have been in the last 5 seasons under the owners that are still involved.

That's why being the 30th or so biggest club (claret tinted glasses on) in a football pyramid is much more risky than being the 9th biggest in the pyramid. Espanyol is a smart move for ALK. They get a big city club with a big enough fanbase for LA Liga for a very decent price.

Also broadcast revenue seems to be much more fairly distributed, I AI'ed this so I'm only hoping it is correct....

Here's a breakdown of their turnover for the last 5 full financial years for which data is publicly available (typically ending June 30th of the specified year):

2022/2023 Season (La Liga): €51.9 million EUR

2021/2022 Season (La Liga): €55.5 million EUR

2020/2021 Season (Segunda División): €40.8 million EUR (This reflects the lower broadcast revenue from being in the second tier)

2019/2020 Season (La Liga, relegated at end): €77.5 million EUR (This was their last full season in La Liga before their first recent relegation, showing the higher typical revenue for a La Liga club.)

2018/2019 Season (La Liga): €60.0 million EUR

So, I don't think it's nailed on that we are the bigger club but clearly it's in no ones interest if we struggle