Article in today's Gaurdian

[Spijed]

My only concern is purely how we can ever service the debt if/when we get relegated (which we almost will in the next few years, but don't return).

[Chester Perry]

My only concern is purely how we can ever service the debt if/when we get relegated (which we almost will in the next few years, but don't return).

The loan taken out last November is much more manageable from an interest perspective - just under £3m a year with fixed interest. Whether there are forced repayment obligations on relegation remains unknown

There is the prospect that the capital balance will have to be paid off at some point, who knows if that will, like the repayment of the monies loaned to CVHL occur under this ownership.

There was a credit facility taken out in the post season but we have no knowledge of what it covers or the terms by which it is bound - it may just be an overdraft facility.

It is possible that by the end of the transfer window that the greatest debt owed by the club is the transfer debt, and the hope/expectation is that the balance of that trading will lead us with saleable assets that cover those debts should the need arise

[beeholeclaret]

So someone in the Bob Lord Stand, that known bastion of hooliganism, charged up to the director's box and shouted "**** off and Die" at Pace but no-one noticed?

He may have misunderstood the Lancashire accent and gruff voice suggesting he “get off for a pie”. Maybe?

[arise_sir_charge]

My only concern is purely how we can ever service the debt if/when we get relegated (which we almost will in the next few years, but don't return).

If we do a couple of years in the Prem, using this model of buy young and develop we will have some players worth an absolute fortune or have cashed a few in a long the way by that point.

[AfloatinClaret]

If we do a couple of years in the Prem, using this model of buy young and develop we will have some players worth an absolute fortune or have cashed a few in a long the way by that point.

This is certainly the 'plan' as described, but a good proportion of those players will need to fulfill their potential. Besides which, returning a profit on player purchase/sales and indeed from just staying in the EPL and collecting the TV money doesn't automatically mean that what remains of the purchase debt will be paid down/off; that'll depend on what best suits the Owners/Directors best interests, rather than the club's... the two might not always/ever be quite the same.

[Chester Perry]

Very similar article in Telegraph today, presumably both prompted by the imminent start of the Sky series.
https://www.telegraph.co.uk/football/20 ... on-trauma/

That Telegraph article for those who cannot get past the paywall

Vincent Kompany and Alan Pace on Burnley's rise from relegation trauma: Fans told us to f--- off and die
New documentary 'Mission to Burnley' examines running of the club on a unique journey back to England's top flight
https://12ft.io/proxy?ref=&q=https://ww ... on-trauma/

it is probably better to keep them all in one place - The Mail follow the exact same line (as to be expected)

Burnley chairman Alan Pace recalls fans telling him and his family to 'f*** off and go die' after the Clarets were relegated from the Premier League
- Alan Pace has revealed how Burnley fans told him to go die after their relegation
- Pace also said how fans would swear and yell at him and his family in the streets
- The chairman went on to say how it improved after Burnley were promoted
https://12ft.io/proxy?q=https%3A%2F%2Fw ... eague.html

this one is from the Independent (warning there are big gaps in the link where photos should be) who thankfully focus more on our incredible manager

Inspired appointment Vincent Kompany repaying Burnley’s gamble
Burnley’s return to the top flight tells a remarkable story of club reinvention
https://archive.is/cJJ49

[Burnley Ace]

Lord Out! Jackson Out! Teasdale Out! It was ever thus. Don’t recall any mass protests outside the Bob Lord calling for Pace’s head.

[agreenwood]

Who was blaming Pace for our relegation?

I don’t recall hearing anything along those lines

The Guardian article this thread is about opens by providing a snippet from the documentary where someone tells him on camera that he was blamed for relegation.

Go back to May 2022 on here and you’ll find plenty of similar views. It wasn’t a majority view from memory, but there were a fair few who held him/ALK responsible.

[Vegas Claret]

every club has uneducated ill disciplined dickheads who would **** the bed if they were asked to move their family out of their town never mind across the world. It's shameful but not unexpected

[Quickenthetempo]

The Guardian article this thread is about opens by providing a snippet from the documentary where someone tells him on camera that he was blamed for relegation.

Go back to May 2022 on here and you’ll find plenty of similar views. It wasn’t a majority view from memory, but there were a fair few who held him/ALK responsible.

But the documentary tells us of personal abuse, according to this article. Not opinions from a website he doesn't read.

Let's hope it sticks to the truth more than Bank of Dave did.

[martin_p]

This line from the Telegraph article is going to disappoint those who were expecting the documentary to be a Mormon ‘sportswash’ exercise.

‘ “Mission to Burnley” is a nod to the fact that the owners, including Pace, are all members of The Church of Jesus Christ of Latter-Day Saints – more commonly known as Mormons – although it is a shame their faith and how it is balanced with their roles in business and football is not really properly explored.’

Sounds like their religion doesn’t play a big part in the documentary.

[agreenwood]

But the documentary tells us of personal abuse, according to this article. Not opinions from a website he doesn't read.

Let's hope it sticks to the truth more than Bank of Dave did.

I was responding to the comment that nobody blamed him for relegation. Some did.

I’ve no idea if people hurled abuse at him to his face, but it’s not beyond the bounds of possibility. Our fanbase booed one of our own players in a friendly in Belgium a few weeks ago.

I’d be surprised if anyone in the Bob Lord said those things to him, but not everyone in there is 85 years old. Is it possible that a few ****** up fans got carried away at the final whistle? Yes, it is.

[claretonthecoast1882]

This line from the Telegraph article is going to disappoint those who were expecting the documentary to be a Mormon ‘sportswash’ exercise.

‘ “Mission to Burnley” is a nod to the fact that the owners, including Pace, are all members of The Church of Jesus Christ of Latter-Day Saints – more commonly known as Mormons – although it is a shame their faith and how it is balanced with their roles in business and football is not really properly explored.’

Sounds like their religion doesn’t play a big part in the documentary.

But it says "mission" in the title, surely that is enough to pre-judge something and hammer it

[Chester Perry]

This is The Times - on the same vein as the others on 'Mission to Burnley'

‘Mission to Burnley’ documentary reveals Vincent Kompany’s revolution
American chairman was berated when Burnley were relegated from the Premier League, but new documentary reveals hard-earned revival of Lancashire club and the role of their “dynamic, creative and evolutionary” head coach
https://archive.is/dKDCK

[Quickenthetempo]

Blackburn fans have picked up on Alan's quote of 'sticking one of their 5 fingers up at me walking down the street.'

Will give them a bit of fun.

[Chobulous]

Dont know what he's moaning about, at least no-one set fire to his wife.

[eastcoastclaret]

I was responding to the comment that nobody blamed him for relegation. Some did.

I’ve no idea if people hurled abuse at him to his face, but it’s not beyond the bounds of possibility. Our fanbase booed one of our own players in a friendly in Belgium a few weeks ago.

I’d be surprised if anyone in the Bob Lord said those things to him, but not everyone in there is 85 years old. Is it possible that a few ****** up fans got carried away at the final whistle? Yes, it is.

Didn't a fan in the Bob Lord walk along the wall to shout at Kompany last season. I'm sure there was a thread about it.

[ŽižkovClaret]

Didn't a fan in the Bob Lord walk along the wall to shout at Kompany last season. I'm sure there was a thread about it.

Always gonna be some bellends

[JR1882]

The loan taken out last November is much more manageable from an interest perspective - just under £3m a year with fixed interest. Whether there are forced repayment obligations on relegation remains unknown

There is the prospect that the capital balance will have to be paid off at some point, who knows if that will, like the repayment of the monies loaned to CVHL occur under this ownership.

There was a credit facility taken out in the post season but we have no knowledge of what it covers or the terms by which it is bound - it may just be an overdraft facility.

It is possible that by the end of the transfer window that the greatest debt owed by the club is the transfer debt, and the hope/expectation is that the balance of that trading will lead us with saleable assets that cover those debts should the need arise

Chester - purely speculative but do you think it’s likely that they intend to just service the debt, perhaps chip a little off and sell the club with said debt in years to come assuming the value of the club has risen as such?