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Burnley - was a Farnell & El Kashashy story, now a leveraged US takeover.
Comments
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That's because not only is he a ****, he's a useless ****Cafc43v3r said:
But when has he actually achieved that? Certainly not at Bury and almost no chance of it happening with us.Henry Irving said:
Not sure that matters.Cafc43v3r said:
What assets exactly, to the nearest million, did Charlton or Bury have when he turned up?mid_life_crisis said:Instead of pretending you want to invest in a football club, when what you really want is to run 'em in to the ground and fuck off with the assets, how about trying to work for a living.
If he doesn't asset strip he asks for a pay off to tear up his SPA and fuck off.
He was asking £6m for the club from Jenkins and then Sandgaard.
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EFL payments? Sell-on payments? Transfer fees if he hung around long enough. Plus the chance of a pay-off from a new owner just to go away. Having said that, there would have been wages to pay, but if you time it right, and bale out at the right time, then there's money to be made.Cafc43v3r said:
What assets exactly, to the nearest million, did Charlton or Bury have when he turned up?mid_life_crisis said:Instead of pretending you want to invest in a football club, when what you really want is to run 'em in to the ground and fuck off with the assets, how about trying to work for a living.5 -
First time I've seen this. Thanks.Henry Irving said:
That's because not only is he a ****, he's a useless ****Cafc43v3r said:
But when has he actually achieved that? Certainly not at Bury and almost no chance of it happening with us.Henry Irving said:
Not sure that matters.Cafc43v3r said:
What assets exactly, to the nearest million, did Charlton or Bury have when he turned up?mid_life_crisis said:Instead of pretending you want to invest in a football club, when what you really want is to run 'em in to the ground and fuck off with the assets, how about trying to work for a living.
If he doesn't asset strip he asks for a pay off to tear up his SPA and fuck off.
He was asking £6m for the club from Jenkins and then Sandgaard.4 -
Only because Nimer sold the club to TS (or started the process). Otherwise I have no doubt Phillips, Doughty and Bonne would have been sold fairly quickly with the money into their pockets. Not big bucks after deducting what they put in but 4mil for the above three isn’t unreasonable. Plus we have a few sell on fees.Cafc43v3r said:
But when has he actually achieved that? Certainly not at Bury and almost no chance of it happening with us.Henry Irving said:
Not sure that matters.Cafc43v3r said:
What assets exactly, to the nearest million, did Charlton or Bury have when he turned up?mid_life_crisis said:Instead of pretending you want to invest in a football club, when what you really want is to run 'em in to the ground and fuck off with the assets, how about trying to work for a living.
If he doesn't asset strip he asks for a pay off to tear up his SPA and fuck off.2 -
I doubt we would have got anywhere near £4m, not in a fire sale when the buying club knows you're after cashcafcfan1990 said:
Only because Nimer sold the club to TS (or started the process). Otherwise I have no doubt Phillips, Doughty and Bonne would have been sold fairly quickly with the money into their pockets. Not big bucks after deducting what they put in but 4mil for the above three isn’t unreasonable. Plus we have a few sell on fees.Cafc43v3r said:
But when has he actually achieved that? Certainly not at Bury and almost no chance of it happening with us.Henry Irving said:
Not sure that matters.Cafc43v3r said:
What assets exactly, to the nearest million, did Charlton or Bury have when he turned up?mid_life_crisis said:Instead of pretending you want to invest in a football club, when what you really want is to run 'em in to the ground and fuck off with the assets, how about trying to work for a living.
If he doesn't asset strip he asks for a pay off to tear up his SPA and fuck off.
But then stuff about the summer still doesn't make sense to me. How did we still pay wages right up until Thomas took us over, without selling anyone?1 -
Have you forgotten the piece of paper that Dave Jones moved from view during the office visit that luckily interrupted a meeting between Farnell and Jones. What do you think he was writing on there ? My money would be on a list of players and their potential sale price. By sheer luck and alot of determination the fans bought the club enough time to halt the process via the sale to TS. If the fans hadn't fought them for those few months there isnt a chance there would have been much of a squad left after their asset stripping. Total arseholes the lot of them and hopefully they all get what they deserve in 2021cafcfan1990 said:
Only because Nimer sold the club to TS (or started the process). Otherwise I have no doubt Phillips, Doughty and Bonne would have been sold fairly quickly with the money into their pockets. Not big bucks after deducting what they put in but 4mil for the above three isn’t unreasonable. Plus we have a few sell on fees.Cafc43v3r said:
But when has he actually achieved that? Certainly not at Bury and almost no chance of it happening with us.Henry Irving said:
Not sure that matters.Cafc43v3r said:
What assets exactly, to the nearest million, did Charlton or Bury have when he turned up?mid_life_crisis said:Instead of pretending you want to invest in a football club, when what you really want is to run 'em in to the ground and fuck off with the assets, how about trying to work for a living.
If he doesn't asset strip he asks for a pay off to tear up his SPA and fuck off.31 -
I don't think we would have a club to support without that intervention, as you say it bought us time, which was used well.4
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Yep... something that ends all opportunity of being involved in any ones reality ever again... hopefullyAndyG said:
Have you forgotten the piece of paper that Dave Jones moved from view during the office visit that luckily interrupted a meeting between Farnell and Jones. What do you think he was writing on there ? My money would be on a list of players and their potential sale price. By sheer luck and alot of determination the fans bought the club enough time to halt the process via the sale to TS. If the fans hadn't fought them for those few months there isnt a chance there would have been much of a squad left after their asset stripping. Total arseholes the lot of them and hopefully they all get what they deserve in 2021cafcfan1990 said:
Only because Nimer sold the club to TS (or started the process). Otherwise I have no doubt Phillips, Doughty and Bonne would have been sold fairly quickly with the money into their pockets. Not big bucks after deducting what they put in but 4mil for the above three isn’t unreasonable. Plus we have a few sell on fees.Cafc43v3r said:
But when has he actually achieved that? Certainly not at Bury and almost no chance of it happening with us.Henry Irving said:
Not sure that matters.Cafc43v3r said:
What assets exactly, to the nearest million, did Charlton or Bury have when he turned up?mid_life_crisis said:Instead of pretending you want to invest in a football club, when what you really want is to run 'em in to the ground and fuck off with the assets, how about trying to work for a living.
If he doesn't asset strip he asks for a pay off to tear up his SPA and fuck off.0 -
Prospective Burnley owners ALK Capital are confident of completing their takeover of the club by the end of the week.
It is understood ALK managing director Alan Pace is in Lancashire to sort out the final details.
The deal may be ratified before Burnley play Fulham in a crucial Premier League game on Sunday.
Pace has passed the Premier League's owners and directors' test and intends to take a hands-on role at the club.
ALK is an American sports investment firm headed up by Pace, former president of Major League Soccer side Real Salt Lake.
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That Alan Pace guy looks a dead ringer for Thomas, must be a goodunclive said:
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Net worth of new owners?.0
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Glad for them, poor old Chris though, will be interesting to see where he pitches up next though.0
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Anytime now farnell s stooges should be popping up on twitter claiming the new guys are fakes etc etc.0
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At first glance I thought Paul Hollywood was the new owner0
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Keep an eye on Grimsby....LargeAddick said:Glad for them, poor old Chris though, will be interesting to see where he pitches up next though.2 -
Conjecture or you have heard something?PragueAddick said:
Keep an eye on Grimsby....LargeAddick said:Glad for them, poor old Chris though, will be interesting to see where he pitches up next though.0 -
Some good news from Grimsby, it looks like they have have agreed a sale to a favoured 'London consortium', speaking to one of their activist supporters yesterday he now seems very optimistic, fingers crossed it works out for them.
It does look like we are now the go-to supporter base for advice from clubs in crisis!25 -
Only from @SE7toSG3stonemuse said:
Conjecture or you have heard something?PragueAddick said:
Keep an eye on Grimsby....LargeAddick said:Glad for them, poor old Chris though, will be interesting to see where he pitches up next though.
But the worry was Elliott's activities at Brookenby, the villains he is involved with, and Grimsby being in their backyard.2 -
Still think these shitmuffins will end up at Bolton somehow.0
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Matt Southall gave it a go, so yeah why not Farnell too.Leroy Ambrose said:Still think these shitmuffins will end up at Bolton somehow.
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Thank God for the Fit and Proper persons test aye
Burnley's US takeover has left club £90m worse off and loaded with debt
- Takeover by ALK Capital has used the club’s own money
- Deal has similarities to leveraged buyout of Manchester United
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Football is rotten to the core.J BLOCK said:Thank God for the Fit and Proper persons test ayeBurnley's US takeover has left club £90m worse off and loaded with debt
- Takeover by ALK Capital has used the club’s own money
- Deal has similarities to leveraged buyout of Manchester United
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Think I saw something yesterday about them trying to raise some cash by already selling a stake .J BLOCK said:Thank God for the Fit and Proper persons test ayeBurnley's US takeover has left club £90m worse off and loaded with debt
- Takeover by ALK Capital has used the club’s own money
- Deal has similarities to leveraged buyout of Manchester United
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Not just football though is it!eaststandmike said:
Football is rotten to the core.J BLOCK said:Thank God for the Fit and Proper persons test ayeBurnley's US takeover has left club £90m worse off and loaded with debt
- Takeover by ALK Capital has used the club’s own money
- Deal has similarities to leveraged buyout of Manchester United
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Ah - a Highly Leveraged Transaction - all the rage in the mid 2000’s - Burnley fans need to be worried....1
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Probably not but we are talking about Burnley/football so in this case I was just referring to football?stevexreeve said:
Not just football though is it!eaststandmike said:
Football is rotten to the core.J BLOCK said:Thank God for the Fit and Proper persons test ayeBurnley's US takeover has left club £90m worse off and loaded with debt
- Takeover by ALK Capital has used the club’s own money
- Deal has similarities to leveraged buyout of Manchester United
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Worrying for them, and how must Dyche be feeling when after a summer when they spent peanuts, under the new owners they again spent nothing
Man U generate shed loads of commercial income and will never go down. Burnley are completely different, if Dyche walks you can see them slumping3 -
Incredibly this was the preferred bidder over Farnell....doesn't say much about him does it9
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Burnley division one within three years?3
