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Burnley - was a Farnell & El Kashashy story, now a leveraged US takeover.

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  • IdleHans
    IdleHans Posts: 10,961
    oohaahmortimer said:
    clive said:


    Cheshire-based lawyer Farnell was handed a ban by the EFL earlier this year which prevented him from owning a club after an attempted takeover at Charlton with Manchester businessman Paul Ellio.
    Kin ell , another different spelling for that cnu’s name
    fixed it
  • i_b_b_o_r_g
    i_b_b_o_r_g Posts: 18,948
    Addickted said:
    Roland has not gone away you know..
    Belgium on lockdown
  • soapboxsam
    soapboxsam Posts: 23,229
    I wonder who the new general manager will be at Burnley if the Farnell/EL Kashashy deal comes to fruition ?
  • Solidgone
    Solidgone Posts: 10,206
    Roland Out!
  • Cafc43v3r
    Cafc43v3r Posts: 21,600
    Henry Irving said:
    So the same Scott Johnson who was general manager of Bury FC under Steve Dale and when they were expelled from the league?

    Well, if he's endorsing Farnell then nothing to worry about Burnley fans. Safe pair of hands.
    "Johnson insists only incompetence by the EFL and meddling by owner Steve Dale were to blame for the club’s demise – not Farnell." 


    Doesn't sound like Dale's man.  But the point stands. 

  • MattF
    MattF Posts: 3,797
    "I would trust him with my life" bit extreme if you've just been asked to endorse someone you've worked with to the press
  • PragueAddick
    PragueAddick Posts: 22,144
    MattF said:
    "I would trust him with my life" bit extreme if you've just been asked to endorse someone you've worked with to the press
    Not the first time either. I’ve got an email “ endorsement” of his which Farnell was touting around. Much the same content, but trust me, the bloke never got an “O” level in English, and the whole thing stank my screen out. 

    We are expecting  to connect up to the people who made Bury’s “Out of our League” podcast (very good, and with several @Weegie Addick contributions) and a candid assessment of Scott Johnson is high on our wish list. 
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  • cafc999
    cafc999 Posts: 4,967
    Keyboard warriors eh? Ghost accounts on twitter spring to mind. Strange how they don't mention that
  • Weegie Addick
    Weegie Addick Posts: 16,521
    Burnley fans need to put aside any PR spin and simply keep asking where the money is coming from. If the bid is genuine, why would that be difficult to show?
  • AndyG
    AndyG Posts: 5,906
    As has been said many times previously how these parasites keep getting brought up in connection with clubs is beyond me. Everyone knows they are scam artists but the false promise of funds gets them through the door. They promise the earth, lie to everyone whilst drain the club of anything tangible. Then when it all goes tits up they blame everyone else.

    Absolute joke that they can even get a comment in the media that is positive in anyway
  • NorthheathAddick
    NorthheathAddick Posts: 4,017
    Notice too that they were unsure how many T’s are in Elliotttttts surname,so they didn’t put any in...
  • Cafc43v3r
    Cafc43v3r Posts: 21,600
    Weegie Addick said:
    Burnley fans need to put aside any PR spin and simply keep asking where the money is coming from. If the bid is genuine, why would that be difficult to show?
    That's part of the problem though isn't it?

    When you have a European or American business man it's normally quite obvious where the money comes from and quite easy to make an educated guess how much someone is worth.

    I have no idea how much money this guy has, I would guess its more than me but not anywhere near £200 million.  And like with Nimer, it's almost impossible to find out. 
  • LenGlover
    LenGlover Posts: 31,651
    Scott Johnson.

    Wasn't one of Elliott's Twitter advocates called Johnson?

    Johnson is a common name of course but one does wonder if there could be a connection.
  • SantaClaus
    SantaClaus Posts: 7,651
    I'm surprised the Mirror weren't compelled to attach a disclaimer to that 'article'.
  • SomervilleAddick
    SomervilleAddick Posts: 3,575
    MattF said:
    "I would trust him with my life" bit extreme if you've just been asked to endorse someone you've worked with to the press
    His life, not his wallet. 
  • RedRobin
    RedRobin Posts: 1,377
    What a load of bollocks! There is no smoke without fire and the fact Farnell needs someone to come out and reassure fans he is a “good” guy, says it all really. Hopefully the EPL will reject the leech. 
  • SomervilleAddick
    SomervilleAddick Posts: 3,575
    Cafc43v3r said:
    Weegie Addick said:
    Burnley fans need to put aside any PR spin and simply keep asking where the money is coming from. If the bid is genuine, why would that be difficult to show?
    That's part of the problem though isn't it?

    When you have a European or American business man it's normally quite obvious where the money comes from and quite easy to make an educated guess how much someone is worth.

    I have no idea how much money this guy has, I would guess its more than me but not anywhere near £200 million.  And like with Nimer, it's almost impossible to find out. 
    The lack of transparency is a problem. A condition of any takeover should be disclosure of:

    - the purchase price
    - how the deal is structured ( single payment / staged payments)
    - where the money is coming from ( buyers assets / borrowing / future revenue)

    If these were publicly listed companies, this information would have to be disclosed. The problem here is that these are private transactions. However, the competition organizers could make this a condition of participation if the members went along with it. Of course, that last point is the problem. 
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  • ShootersHillGuru
    ShootersHillGuru Posts: 50,619
    I hope for Burnley’s sake this all works out but if Farnell gets his hands on the club then we’ll just have to see how it pans out. We can only warn them to start asking questions.
  • EveshamAddick
    EveshamAddick Posts: 7,013
    clive said:

    Farnell's pr team have sprung into action

    Story in today's Mirror.

    Burnley fans told to back sports lawyer Chris Farnell in proposed £200m takeover


    Burnley fans have been told controversial sports lawyer Chris Farnell is the right man to take them forward in a proposed £200million takeover.

    And Scott Johnson, at the heart of the battle to save Bury FC from extinction, believes fans should be embracing Farnell's involvement with Egyptian businessman Mohamed Elkashashy - not fearing it.

    Farnell was criticised for trying to help save Bury FC after being asked by Johnson, general manager at Gigg Lane, to help out.

    Johnson insists only incompetence by the EFL and meddling by owner Steve Dale were to blame for the club’s demise – not Farnell.

    Cheshire-based lawyer Farnell was handed a ban by the EFL earlier this year which prevented him from owning a club after an attempted takeover at Charlton with Manchester businessman Paul Ellio

    Farnell appealed and the ban was subsequently overturned – and Johnson insists he's got the connections to be a huge asset to Burnley.

    He says: “It’s time for the truth. I’ve sat back and read some of the social media rubbish by people with agendas and it’s out of order.

    “Burnley fans need to ignore these keyboard warriors who seem to think it is okay to peddle half truths and lies.

    “I asked Chris to help us at Bury because I knew he was vastly experienced and had many, many contacts in football.


    The EFL banned Farnell earlier this year but the sanction has since been overturned (Image: PA)

    “He was there whenever we needed him, he didn’t ask for a penny and did everything he could to save the club.

    “In the end, we had three bids on the table - all before the deadline - and yet for some reason they weren’t considered by the EFL.

    “It is nonsense to suggest Chris tried to sell the club to a Brazilian pastor like it was some half-baked plan!

    “The bid was genuine, funds had been proved and the bid came from a close friend of our goalkeeping coach, not Chris who proved to be a wealth of knowledge and never once asked for payment.

    “I would trust him with my life and Burnley FC have nothing to worry about.”

    Farnell and partner Elkashashy are awaiting Premier League approval to complete a £200m takeover at Burnley FC after agreeing to buy the Turf Moor club.

    “Burnley fans should be delighted,” Johnson added. “This is a huge investment and they're bringing football contacts, knowledge and expertise. Exciting times lie ahead for Burnley.

    “And I'm certain he'll be a huge asset to Sean Dyche when it comes to signing players.

    https://www.mirror.co.uk/sport/football/news/burnley-chris-farnell-200m-takeover-22938435



    “He didn’t ask for a penny” - that’s a red flag if ever I saw one, so he’s just doing all this out of charity eh?
  • Cafc43v3r
    Cafc43v3r Posts: 21,600
    SomervilleAddick said:
    Cafc43v3r said:
    Weegie Addick said:
    Burnley fans need to put aside any PR spin and simply keep asking where the money is coming from. If the bid is genuine, why would that be difficult to show?
    That's part of the problem though isn't it?

    When you have a European or American business man it's normally quite obvious where the money comes from and quite easy to make an educated guess how much someone is worth.

    I have no idea how much money this guy has, I would guess its more than me but not anywhere near £200 million.  And like with Nimer, it's almost impossible to find out. 
    The lack of transparency is a problem. A condition of any takeover should be disclosure of:

    - the purchase price
    - how the deal is structured ( single payment / staged payments)
    - where the money is coming from ( buyers assets / borrowing / future revenue)

    If these were publicly listed companies, this information would have to be disclosed. The problem here is that these are private transactions. However, the competition organizers could make this a condition of participation if the members went along with it. Of course, that last point is the problem. 
    I agree it would help, but what other private business has to conduct its business so publicly?

    Until there becomes a different type of legal entity, that includes ALL businesses of community value your limited to what you can expect the EFL, EPL, the FA, UEFA to be able to do, even if they wanted to. 
  • ForeverAddickted
    ForeverAddickted Posts: 94,304
    LenGlover said:
    Scott Johnson.

    Wasn't one of Elliott's Twitter advocates called Johnson?

    Johnson is a common name of course but one does wonder if there could be a connection.
    Derek Johnson was one of the fake accounts used
  • Chris_from_Sidcup
    Chris_from_Sidcup Posts: 36,009
    EveshamAddick said:
    clive said:

    Farnell's pr team have sprung into action

    Story in today's Mirror.

    Burnley fans told to back sports lawyer Chris Farnell in proposed £200m takeover


    Burnley fans have been told controversial sports lawyer Chris Farnell is the right man to take them forward in a proposed £200million takeover.

    And Scott Johnson, at the heart of the battle to save Bury FC from extinction, believes fans should be embracing Farnell's involvement with Egyptian businessman Mohamed Elkashashy - not fearing it.

    Farnell was criticised for trying to help save Bury FC after being asked by Johnson, general manager at Gigg Lane, to help out.

    Johnson insists only incompetence by the EFL and meddling by owner Steve Dale were to blame for the club’s demise – not Farnell.

    Cheshire-based lawyer Farnell was handed a ban by the EFL earlier this year which prevented him from owning a club after an attempted takeover at Charlton with Manchester businessman Paul Ellio

    Farnell appealed and the ban was subsequently overturned – and Johnson insists he's got the connections to be a huge asset to Burnley.

    He says: “It’s time for the truth. I’ve sat back and read some of the social media rubbish by people with agendas and it’s out of order.

    “Burnley fans need to ignore these keyboard warriors who seem to think it is okay to peddle half truths and lies.

    “I asked Chris to help us at Bury because I knew he was vastly experienced and had many, many contacts in football.


    The EFL banned Farnell earlier this year but the sanction has since been overturned (Image: PA)

    “He was there whenever we needed him, he didn’t ask for a penny and did everything he could to save the club.

    “In the end, we had three bids on the table - all before the deadline - and yet for some reason they weren’t considered by the EFL.

    “It is nonsense to suggest Chris tried to sell the club to a Brazilian pastor like it was some half-baked plan!

    “The bid was genuine, funds had been proved and the bid came from a close friend of our goalkeeping coach, not Chris who proved to be a wealth of knowledge and never once asked for payment.

    “I would trust him with my life and Burnley FC have nothing to worry about.”

    Farnell and partner Elkashashy are awaiting Premier League approval to complete a £200m takeover at Burnley FC after agreeing to buy the Turf Moor club.

    “Burnley fans should be delighted,” Johnson added. “This is a huge investment and they're bringing football contacts, knowledge and expertise. Exciting times lie ahead for Burnley.

    “And I'm certain he'll be a huge asset to Sean Dyche when it comes to signing players.

    https://www.mirror.co.uk/sport/football/news/burnley-chris-farnell-200m-takeover-22938435



    “He didn’t ask for a penny” - that’s a red flag if ever I saw one, so he’s just doing all this out of charity eh?
    Irrelevant PR spin though. "Never once asked for payment" certainly doesn't mean he wasn't paid.

    I've technically never once asked my company for payment, because it automatically goes into my account each month without me ever having to.
  • cafc999
    cafc999 Posts: 4,967
    "He didn't ask for a penny"

    Nope he asked for pounds though
  • ken_shabby
    ken_shabby Posts: 6,255
    cafc999 said:
    "He didn't ask for a penny"

    Nope he asked for pounds though
    I thought the modern way forward was to be paid in Range Rovers anyway, so pennies probably went under the radar.
  • soapboxsam
    soapboxsam Posts: 23,229
    ken_shabby said:
    cafc999 said:
    "He didn't ask for a penny"

    Nope he asked for pounds though
    I thought the modern way forward was to be paid in Range Rovers anyway, so pennies probably went under the radar.

    Don't forget the Bitches.
  • Cafc43v3r
    Cafc43v3r Posts: 21,600
    soapboxsam said:
    ken_shabby said:
    cafc999 said:
    "He didn't ask for a penny"

    Nope he asked for pounds though
    I thought the modern way forward was to be paid in Range Rovers anyway, so pennies probably went under the radar.

    Don't forget the Bitches.
    Or the nice breads
  • KiwiValley
    KiwiValley Posts: 3,379
    MattF said:
    "I would trust him with my life" bit extreme if you've just been asked to endorse someone you've worked with to the press
    Typo he meant to say "I trust him with my wife" - have you seen his wife?!

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