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Burnley - was a Farnell & El Kashashy story, now a leveraged US takeover.
Comments
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Sorry, not trying to tread on your toes but it is aCafc43v3r said:
But its going to cost him £200 large to find out......ct_addick said:I would say there are more assets to strip at Burnley than us....Farnell must be rubbing his hands in anticipation
bit more than that i'm afraid £200 large is £200k,
Can't even work out how many large is £200 million,
no doubt someone will
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Just like it cost Southall £50m to strip us? Farnell will be trying as hard as possible to pay as little as possible as an up front payment, with regular payments after.
sell the first team squad, pocket the money and sell the club for £1. Job done2 -
200 double large?eastterrace6168 said:
Sorry, not trying to tread on your toes but it is aCafc43v3r said:
But its going to cost him £200 large to find out......ct_addick said:I would say there are more assets to strip at Burnley than us....Farnell must be rubbing his hands in anticipation
bit more than that i'm afraid £200 large is £200k,
Can't even work out how many large is £200 million,
no doubt someone will
Or maybe 200 large large?1 -
But the owners would never sell a PL club for £1 with the rest due later, that will never happen in a million yearsTodds_right_hook said:Just like it cost Southall £50m to strip us? Farnell will be trying as hard as possible to pay as little as possible as an up front payment, with regular payments after.
sell the first team squad, pocket the money and sell the club for £1. Job done
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200 Large²WHAddick said:
200 double large?eastterrace6168 said:
Sorry, not trying to tread on your toes but it is aCafc43v3r said:
But its going to cost him £200 large to find out......ct_addick said:I would say there are more assets to strip at Burnley than us....Farnell must be rubbing his hands in anticipation
bit more than that i'm afraid £200 large is £200k,
Can't even work out how many large is £200 million,
no doubt someone will
Or maybe 200 large large?3 -
That's be 40 Billion. Burnley int worth thatSantaClaus said:
200 Large²WHAddick said:
200 double large?eastterrace6168 said:
Sorry, not trying to tread on your toes but it is aCafc43v3r said:
But its going to cost him £200 large to find out......ct_addick said:I would say there are more assets to strip at Burnley than us....Farnell must be rubbing his hands in anticipation
bit more than that i'm afraid £200 large is £200k,
Can't even work out how many large is £200 million,
no doubt someone will
Or maybe 200 large large?
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Beat me to itSantaClaus said:
200 Large²WHAddick said:
200 double large?eastterrace6168 said:
Sorry, not trying to tread on your toes but it is aCafc43v3r said:
But its going to cost him £200 large to find out......ct_addick said:I would say there are more assets to strip at Burnley than us....Farnell must be rubbing his hands in anticipation
bit more than that i'm afraid £200 large is £200k,
Can't even work out how many large is £200 million,
no doubt someone will
Or maybe 200 large large?
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200 XXL?2
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Started something there ain't i, any mathematicians around 0
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200,000 large
If you had 200,000,000 Range Rovers and shared them equally between 1000 Matt Southall's, they would receive 200,000 Range Rovers each.4 -
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So the Burnley chairman is going to sell the club for pennies not knowing if he’ll see the rest? No chanceTodds_right_hook said:Just like it cost Southall £50m to strip us? Farnell will be trying as hard as possible to pay as little as possible as an up front payment, with regular payments after.
sell the first team squad, pocket the money and sell the club for £1. Job done0 -
Never a truer word spoken in jest and all that......Henry Irving said:
Yes, Sandgaard Out, El K incafcfan1990 said:
So you're saying if they buy Burnley you'll be gutted it's not us?Henry Irving said:In response.
Yes, Charlton were in a mess from previous owners, that is not disputed.
But distressed clubs are the weakest and the most vulnerable to the unscrupulous.
Farnell got involved in the way a vulture gets involved with a dying animal.
Despite supposedly acting for the club he deliberately blocked potential purchasers Andrew Barclay (of the billionaire Barclay family) and eventual buyer Thomas Sandgaard.
Instead he introduced his friend Paul Elliot in a clear conflict of interest that has resulted in two complaints to the Solicitors Regulatory Authority and a public reprimand from a high court judge.
Farnell publicly named El Kashasky as part of the consortium buying Charlton.
Yet we now learn EL K and Farnel were said to be buying Burnley at the same time.
Farnell and Elliot with El K were unable to past the EFLs OADT or provide proof of funds to run a league one club yet we are now told El K is worth £9bn.
We Addicks are relieved that Farnell, El K and Elliot are no longer involved with our club and hope that none of them get near any other club.0 -
I never said pennies. I said farnell will try and pay in instalments.cafcfan1990 said:
So the Burnley chairman is going to sell the club for pennies not knowing if he’ll see the rest? No chanceTodds_right_hook said:Just like it cost Southall £50m to strip us? Farnell will be trying as hard as possible to pay as little as possible as an up front payment, with regular payments after.
sell the first team squad, pocket the money and sell the club for £1. Job done0 -
200 massiveWHAddick said:
200 double large?eastterrace6168 said:
Sorry, not trying to tread on your toes but it is aCafc43v3r said:
But its going to cost him £200 large to find out......ct_addick said:I would say there are more assets to strip at Burnley than us....Farnell must be rubbing his hands in anticipation
bit more than that i'm afraid £200 large is £200k,
Can't even work out how many large is £200 million,
no doubt someone will
Or maybe 200 large large?0 -
To follow up on this.Henry Irving said:
Let us know what the response is @j_blockJ BLOCK said:
Top Banana HI - Have postedHenry Irving said:In response.
Yes, Charlton were in a mess from previous owners, that is not disputed.
But distressed clubs are the weakest and the most vulnerable to the unscrupulous.
Farnell got involved in the way a vulture gets involved with a dying animal.
Despite supposedly acting for the club he deliberately blocked potential purchasers Andrew Barclay (of the billionaire Barclay family) and eventual buyer Thomas Sandgaard.
Instead he introduced his friend Paul Elliot in a clear conflict of interest that has resulted in two complaints to the Solicitors Regulatory Authority and a public reprimand from a high court judge.
Farnell publicly named El Kashasky as part of the consortium buying Charlton.
Yet we now learn EL K and Farnel were said to be buying Burnley at the same time.
Farnell and Elliot with El K were unable to past the EFLs OADT or provide proof of funds to run a league one club yet we are now told El K is worth £9bn.
We Addicks are relieved that Farnell, El K and Elliot are no longer involved with our club and hope that none of them get near any other club.
The main fella who was demanding evidence simply said thank you. The majority are already sceptical and thanked us for sharing.
There is an ITK poster on there that has said he has seen both proposals (from the two main bidders) and is pleasantly surprised by them both, and that he can see positives and a bright future etc etc. As with any football fan in dark times they are now clinging onto this with rose tinted glasses.It’s a shame, because every single one of us here knows exactly what they have in store if that mob get their claws in m.1 -
Not going to happen.Todds_right_hook said:
I never said pennies. I said farnell will try and pay in instalments.cafcfan1990 said:
So the Burnley chairman is going to sell the club for pennies not knowing if he’ll see the rest? No chanceTodds_right_hook said:Just like it cost Southall £50m to strip us? Farnell will be trying as hard as possible to pay as little as possible as an up front payment, with regular payments after.
sell the first team squad, pocket the money and sell the club for £1. Job done0 -
Football fans are extremely naive, and i include myself in that for at first believing in Roland and Nimer. And look where that got us.J BLOCK said:
To follow up on this.Henry Irving said:
Let us know what the response is @j_blockJ BLOCK said:
Top Banana HI - Have postedHenry Irving said:In response.
Yes, Charlton were in a mess from previous owners, that is not disputed.
But distressed clubs are the weakest and the most vulnerable to the unscrupulous.
Farnell got involved in the way a vulture gets involved with a dying animal.
Despite supposedly acting for the club he deliberately blocked potential purchasers Andrew Barclay (of the billionaire Barclay family) and eventual buyer Thomas Sandgaard.
Instead he introduced his friend Paul Elliot in a clear conflict of interest that has resulted in two complaints to the Solicitors Regulatory Authority and a public reprimand from a high court judge.
Farnell publicly named El Kashasky as part of the consortium buying Charlton.
Yet we now learn EL K and Farnel were said to be buying Burnley at the same time.
Farnell and Elliot with El K were unable to past the EFLs OADT or provide proof of funds to run a league one club yet we are now told El K is worth £9bn.
We Addicks are relieved that Farnell, El K and Elliot are no longer involved with our club and hope that none of them get near any other club.
The main fella who was demanding evidence simply said thank you. The majority are already sceptical and thanked us for sharing.
There is an ITK poster on there that has said he has seen both proposals (from the two main bidders) and is pleasantly surprised by them both, and that he can see positives and a bright future etc etc. As with any football fan in dark times they are now clinging onto this with rose tinted glasses.It’s a shame, because every single one of us here knows exactly what they have in store if that mob get their claws in m.
Fans will always want to believe the best is in store, but realistically anyone can write a proposal that sounds good. Improved contracts for main players, money available for the manager, improve the academy, improve the stadium blah blah blah.2 -
Some Croatian involved in football?CAFCsayer said:
Worth more than Roman Abramvoic? 😂J BLOCK said:
My bad, he's worth 9.65 Billion not 9 Billion - Journalist standards in Football are a jokeChris_from_Sidcup said:
Do you have a link to this, can't see it anywhere.J BLOCK said:'The Mirror' today is stating that El Kashashy is work £9 Billion. He's done some job going from junior roles at Coca-Cola and P&G 10 years ago to being worth £9 Billion...
It definitely wouldn't be Farnell leaking lies to the press though, of that i'm 100% sure.1 -
Russia, like Turkey, is in both Europe and Asia.LenGlover said:Cordoban Addick said:So only 4 PL clubs are under British ownership or 5 under European if you include Abramovich.
When I was at school Russia was regarded as Asia.Cordoban Addick said:So only 4 PL clubs are under British ownership or 5 under European if you include Abramovich.1 -
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Thanks @J BLOCK0
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So how about this as a theory:Miserableoldgit said:
USA purchase of Burnley is going nowhere.
Burnley owner approaches/gets approached by our former suitors to make it look like they are interested.
USA interest revived FOMO and goes through.
Previous suitors get their cut.
No idea if I am close to the reality but makes as much sense as any other explanation to me.1 -
It does smell like a shill bid.TellyTubby said:
So how about this as a theory:Miserableoldgit said:
USA purchase of Burnley is going nowhere.
Burnley owner approaches/gets approached by our former suitors to make it look like they are interested.
USA interest revived FOMO and goes through.
Previous suitors get their cut.
No idea if I am close to the reality but makes as much sense as any other explanation to me.0 -
Update from the Burnley forum -
This bit made me chuckle -
Farnell is NOT acting in any other capacity than a legal one at this juncture. That he is 50% in Staunch is not material.
Post by NRC » Tue Nov 17, 2020 3:29 pm
I haven’t read anything to suggest Farnell is NOT acting in any other capacity than a legal one at this juncture. He may be, he may be not. That he is 50% in Staunch is not material. When I and another 3rd party bought into a northwest-based company a shell company like Staunch was structured to allow the existing management team and us to become directors of the shell for the purposes of acquisition.
I’m not concluding anything at this point beyond What I know, which is
1. We don’t know Farnell’s intent
2. My connection with Dubai royal connections does not know Cashashy5 -
If a large is £1,000 then £200,000 large should do it.eastterrace6168 said:
Sorry, not trying to tread on your toes but it is aCafc43v3r said:
But its going to cost him £200 large to find out......ct_addick said:I would say there are more assets to strip at Burnley than us....Farnell must be rubbing his hands in anticipation
bit more than that i'm afraid £200 large is £200k,
Can't even work out how many large is £200 million,
no doubt someone will0 -
If you're going to launch a bid you have to mention backing from Dubai - no real evidence will be needed.0
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It's all a big conspiracy now.
The whole thread is newspaper reports that may or may not be true. Farnell, Pace, ALK, Elkashashy, none of it is confirmed.
Unread post by Grumps » Wed Nov 18, 2020 11:57 am
Grumps » Correct
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J BLOCK said:
It's all a big conspiracy now.
The whole thread is newspaper reports that may or may not be true. Farnell, Pace, ALK, Elkashashy, none of it is confirmed.
Unread post by Grumps » Wed Nov 18, 2020 11:57 am
Grumps » Correct
Grumps is the head of the Chris Farnell fan club in Burnley I suspect1 -
The ITK posters on the Burnley forum seem to believe the current owners there have decided on a preferred bidder, seemingly pointing towards the Farnell/El Kashasy group.
Appears todays TalksSport events have done enough to put most of (taking their forums as a representative sample of the population) their fans off the idea.
Grumps continues to not hear a bad word said about Farnell0 -
It will come back to haunt them. They have been warned.1
