Attention: Please take a moment to consider our terms and conditions before posting.
Burnley - was a Farnell & El Kashashy story, now a leveraged US takeover.
Comments
-
Had a read through that thread on the Burnley forum, that Grumps is one annoying fella.2
-
Let me guess. He's an 'itk' muppet, who constantly posts that he has inside information about the bid but he can't share it?0
-
This also explains why Jim White loves Farnell. Clearly CF is playing him.
He gives him more stories as he gets more involved with different clubs. The way White responded when Jordan challenged him yesterday and Thomas probed him today was hilarious.4 -
Let them get on with it all we can do is warn them🐀🐀2
-
OnsidePR keeping up the good work
28 -
Leroy Ambrose said:Let me guess. He's an 'itk' muppet, who constantly posts that he has inside information about the bid but he can't share it?
People like that don’t really exist surely.3 -
But it's ultimately nothing to do with the fans, as however they feel they, it will have little effect on the sale process. In the same way that we weren't involved in the decision to sell the club to the Spivs, for them to sell it to Roland, for Roland to sell it to ESI and ESI to try and sell it to Elliott.cazo said:Let them get on with it all we can do is warn them🐀🐀3 -
Agree, the fans make little significant impact on who the owner sell to, but, if they do wake up in the near future to the reality of Farnell etc, they can at least voice opinion, and make it as uncomfortable as possible for both the seller and potential new owners, can't theykillerandflash said:
But it's ultimately nothing to do with the fans, as however they feel they, it will have little effect on the sale process. In the same way that we weren't involved in the decision to sell the club to the Spivs, for them to sell it to Roland, for Roland to sell it to ESI and ESI to try and sell it to Elliott.cazo said:Let them get on with it all we can do is warn them🐀🐀0 -
Exactly.killerandflash said:
But it's ultimately nothing to do with the fans, as however they feel they, it will have little effect on the sale process. In the same way that we weren't involved in the decision to sell the club to the Spivs, for them to sell it to Roland, for Roland to sell it to ESI and ESI to try and sell it to Elliott.cazo said:Let them get on with it all we can do is warn them🐀🐀
The Oystons did not sell because of the fans, it was due to a dispute with a director/chairman going to court and the Oystons losing.0 -
Burnley Express sports editor:
Chris Boden @bodenknights
Just had an update in terms of the takeover - led to believe deal is in documentation now, i.e. takeover bid from ALK has been sent to chairman and shareholders detailing offer
4:34 PM · Nov 20, 2020·Twitter for iPhone
Chris Boden @bodenknights
Now, Farnell/El Kashashy group also confident, told they are still waiting on owners and directors’ test, maybe last week of November, first week of December
28 -
Sponsored links:
-
https://www.efl.com/-more/governance/efl-rules--regulations/appendix-3---owners-and-directors-test/J BLOCK said:Burnley Express sports editor:
Chris Boden @bodenknights
Just had an update in terms of the takeover - led to believe deal is in documentation now, i.e. takeover bid from ALK has been sent to chairman and shareholders detailing offer
4:34 PM · Nov 20, 2020·Twitter for iPhone
Chris Boden @bodenknights
Now, Farnell/El Kashashy group also confident, told they are still waiting on owners and directors’ test, maybe last week of November, first week of December
1.1 (c) (ii) must surely come into play?0 -
Hmmmm ......... "still waiting on owners and directors’ test". Now where have I heard that before?7
-
There's probably a lot more boxes to tick on the Premier League's application form, so it probably takes quite a while to tick the right ones10
-
You need to be looking at the Prem ones Len. I think they're pretty similar, but there may be some subtle differences that we need to be aware of.
2 -
I would laugh my arse off if Elliott claiming to be the rightful owner of Charlton, and having admitted to El Kashashy being part of his consortium, put the mockers on El Kashashy and Farnell getting their claws into Burnley.
23 -
https://www.premierleague.com/news/102375aliwibble said:You need to be looking at the Prem ones Len. I think they're pretty similar, but there may be some subtle differences that we need to be aware of.
Probably similar. I tried to look but was taking sometime to download.
EDIT: https://resources.premierleague.com/premierleague/document/2020/10/02/207ba212-d4d8-4c1c-bc0b-7d3cf6c8eedb/2020-21-PL-Handbook-021020.pdf
Page 130 (or 69/371) F.1.12
We need to know how the SRA are doing with the investigations. I wonder if the Premier league have been made aware of them?1 -
They will fail the test or make a "mistake" on the application form in the hope the other group get the deal done before them then claim "We tried everything we could" excuse again.4
-
And if they don't fail the OADT then surely they'll fail when it comes to proof/source of funds.cafc999 said:They will fail the test or make a "mistake" on the application form in the hope the other group get the deal done before them then claim "We tried everything we could" excuse again.
No way do Farnell and EK have 200m, and if they're the front men for other 'secret' investors then surely the premier league will want to know who.8 -
They have no real interest or intent to buy Burnley, this is part of there next football club takeover. They just want this on their CV.3
-
Sponsored links:
-
If the premier league allow this,then I absolutely give up.1
-
They'll have the opportunity i'm sure to buy any number of league one/two clubs over the next year as the fall out from Covid goes on.cafc999 said:They have no real interest or intent to buy Burnley, this is part of there next football club takeover. They just want this on their CV.
Surprised actually that they've not looked to buy Sunderland, a big club going relatively cheaply as the owner is desperate to get rid.0 -
Some subtle hints on Up The Clarets that they haven't and the other bid has now become favourites to takeoverthickandthin63 said:If the premier league allow this,then I absolutely give up.
I suspect it's just a box that wasn't ticked.4 -
I believe Stewart Donald has struck a deal for Sunderland finally , French investor who's family formerly owned Marseille.Chris_from_Sidcup said:
They'll have the opportunity i'm sure to buy any number of league one/two clubs over the next year as the fall out from Covid goes on.cafc999 said:They have no real interest or intent to buy Burnley, this is part of there next football club takeover. They just want this on their CV.
Surprised actually that they've not looked to buy Sunderland, a big club going relatively cheaply as the owner is desperate to get rid.
https://www.theguardian.com/football/2020/nov/13/sunderland-agree-takeover-deal-with-22-year-old-louis-dreyfus-heir1 -
ALK Capital are moving closer to finalising a deal to buy Burnley amid optimism that a takeover by the American sports investment company could be concluded before Christmas.
Alan Pace, a former president of Major League Soccer franchise Real Salt Lake who heads up ALK, has been in daily dialogue with Burnley chairman Mike Garlick. Talks are now at an advanced after months of negotiations and an extensive due diligence process.
Egyptian entrepreneur Mohamed Sayed Zein Elkashashy and Chris Farnell, a Cheshire-based sports lawyer, have also been vying for ownership of Burnley. However, ALK appear to be in pole position to acquire Garlick’s majority 49.24 per cent shareholding and John Banaszkiewicz’s 28.2 per cent stake in the Premier League club.
11 -
Addickted said:thickandthin63 said:"A minor administrative error"
0 -
"A minor administrative error"Addickted said:
Some subtle hints on Up The Clarets that they haven't and the other bid has now become favourites to takeoverthickandthin63 said:If the premier league allow this,then I absolutely give up.
I suspect it's just a box that wasn't ticked. 0 -
When I was at school in the 80's I used to buy boxes of 50 Bic Biros for £2.50 and then sell them for 10p each. Can I buy a football club?Addickted said:ALK Capital are moving closer to finalising a deal to buy Burnley amid optimism that a takeover by the American sports investment company could be concluded before Christmas.
Alan Pace, a former president of Major League Soccer franchise Real Salt Lake who heads up ALK, has been in daily dialogue with Burnley chairman Mike Garlick. Talks are now at an advanced after months of negotiations and an extensive due diligence process.
Egyptian entrepreneur Mohamed Sayed Zein Elkashashy and Chris Farnell, a Cheshire-based sports lawyer, have also been vying for ownership of Burnley. However, ALK appear to be in pole position to acquire Garlick’s majority 49.24 per cent shareholding and John Banaszkiewicz’s 28.2 per cent stake in the Premier League club.3 -
An ITK Burnley fan is suggesting that El Kashashy and Farnell have not been able to provide the source of their funding to the EPLs satisfaction and this is the reason they have gone quiet over their bid.
Appearing to have been beaten in the race is classier than being disqualified from the race.
26 -
Have you got any left?SporadicAddick said:
When I was at school in the 80's I used to buy boxes of 50 Bic Biros for £2.50 and then sell them for 10p each. Can I buy a football club?Addickted said:ALK Capital are moving closer to finalising a deal to buy Burnley amid optimism that a takeover by the American sports investment company could be concluded before Christmas.
Alan Pace, a former president of Major League Soccer franchise Real Salt Lake who heads up ALK, has been in daily dialogue with Burnley chairman Mike Garlick. Talks are now at an advanced after months of negotiations and an extensive due diligence process.
Egyptian entrepreneur Mohamed Sayed Zein Elkashashy and Chris Farnell, a Cheshire-based sports lawyer, have also been vying for ownership of Burnley. However, ALK appear to be in pole position to acquire Garlick’s majority 49.24 per cent shareholding and John Banaszkiewicz’s 28.2 per cent stake in the Premier League club.6
