| Burnley 11:19 - May 23 with 3299 views | KeithHaynes |
Simon Jordan talking about their pretty impossible financial task next season.
Owners have bought the club on loans.
They haven’t spent their own money, Chris Wood sold 25 million.
Have to repay 65 million.
More heavy debt to pay if they don’t return immediately next season.
Report.
In the accounts they released earlier this month, Burnley confirmed "a significant proportion" of a £65m loan taken out with American financiers MSD Holdings to complete ALK Capital's takeover in 2020 would have to be paid back "shortly" after the end of the season should the Clarets be relegated from the top flight. If they don't come straight back up a further "significant reduction of the balance" is scheduled.
And that is not all. Another £37m is owed to one of the club's holding companies, cash reserves have reduced by £30m and a £12.5m loan has been taken out as an advance on Newcastle's final payment of the Chris Wood transfer fee.
Burnley did say savings would be made due to relegation clauses in player contracts, and they have a hefty parachute payment, which next season will be 55% of their Premier League earnings from this campaign, to soften the blow.
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| Burnley on 20:52 - May 25 with 1098 views | BillyChong |
The Burnley sell out (local lifelong fan etc) should be getting it in the neck for this. He left the squad decline without investing whilst the club coffers increased to benefit from a sale as soon as he could find a buyer. He’s left the club in a right mess now. |  | | |
| Burnley on 21:25 - May 25 with 1047 views | Fireboy2 |
| Burnley on 20:52 - May 25 by BillyChong |
The Burnley sell out (local lifelong fan etc) should be getting it in the neck for this. He left the squad decline without investing whilst the club coffers increased to benefit from a sale as soon as he could find a buyer. He’s left the club in a right mess now. |
Far worse than our sellouts. |  | | |
| Burnley on 21:55 - May 25 with 1019 views | Lorax |
| Burnley on 00:04 - May 24 by ReslovenSwan1 |
I just share out the grief between the owners US citizens and Welsh citizens. The US owners are routinely criticised and called Yanks by the usual suspects and other owner "sell outs" but you do not accuse them of thread hijacking.
I have no idea as to your view on the US owners. You seem a recent newcomer to the forum. I do not take notes. |
That's because you don't pay attention. I have been using this forum a lot longer than you. maybe you should take notes?
Start with Catullus. | | | |
| Burnley on 22:22 - May 25 with 987 views | ReslovenSwan1 |
| Burnley on 21:55 - May 25 by Lorax |
That's because you don't pay attention. I have been using this forum a lot longer than you. maybe you should take notes?
Start with Catullus. |
I am not interested in feuds and put downs. I just give my opinions. I did not rate Catullus's posts whoever he is. |  |
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| Burnley on 09:46 - May 26 with 890 views | Lorax |
| Burnley on 22:22 - May 25 by ReslovenSwan1 |
I am not interested in feuds and put downs. I just give my opinions. I did not rate Catullus's posts whoever he is. |
Catullus didn't and doesn't rate your posts either, not when you insist on turning every thread into another personal rant about previous owners and the trust.
If you want a thread on those subjects then start one, stop nicking other threads. We all go off topic now and again but most of us get back on track, you just keep going further off the rails.
Now then, this Burnley takeover....
Don't do put downs eh  | | | |
| Burnley on 12:36 - May 26 with 823 views | ReslovenSwan1 |
| Burnley on 09:46 - May 26 by Lorax |
Catullus didn't and doesn't rate your posts either, not when you insist on turning every thread into another personal rant about previous owners and the trust.
If you want a thread on those subjects then start one, stop nicking other threads. We all go off topic now and again but most of us get back on track, you just keep going further off the rails.
Now then, this Burnley takeover....
Don't do put downs eh |
I do not rant. I regularly start threads some on my favourite topics and on on other subjects as well.
I do not accept the prescriptions that you set out. The rules I observe are set out by the owner.
I am one of the very few that persistently questioned the Trust's strategy which ended in an embarrassing climbdown. You want to shut me up given your status as a site 'elder'. I reject you advice. I believe in free speech, | |
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| Burnley on 13:18 - May 26 with 807 views | Chief |
| Burnley on 20:09 - May 23 by ReslovenSwan1 |
51% fans owning clubs . 21% owning at Swansea was bad enough. German fans might be able to run football clubs.
The Swansea experience suggest Welsh fans cannot having wasted 6 years with an ill fated legal case built on a fake narrative. North Wales fans tried it at Wrexham and simply gave their club away after getting tired and deflated. |
So Wrexhams trust didn't pass on control because they were approached by a very visible consortium offering worldwide publicity and lucrative sponsorship for the club?
It was because they were 'tired and deflated'? [Post edited 26 May 2022 13:18]
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| Burnley on 13:37 - May 26 with 779 views | onehunglow |
| Burnley on 12:36 - May 26 by ReslovenSwan1 |
I do not rant. I regularly start threads some on my favourite topics and on on other subjects as well.
I do not accept the prescriptions that you set out. The rules I observe are set out by the owner.
I am one of the very few that persistently questioned the Trust's strategy which ended in an embarrassing climbdown. You want to shut me up given your status as a site 'elder'. I reject you advice. I believe in free speech, |
So accept the fact some see you as you seem to them | |
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| Burnley on 15:00 - May 26 with 734 views | ReslovenSwan1 |
| Burnley on 13:18 - May 26 by Chief |
So Wrexhams trust didn't pass on control because they were approached by a very visible consortium offering worldwide publicity and lucrative sponsorship for the club?
It was because they were 'tired and deflated'? [Post edited 26 May 2022 13:18]
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The Wrexham Trust gave the club away to two show biz people. It appears a very generous gift to me. They could have sold the club for £1m. They could have raised the profile of the club themselves but were not up to the task. They have bought lower league bruisers and fans are temporary dazzled by the glitter.
The Swanse Trust were given the opportunity to buy 20% of the club also valued at £1m. The club played a beautiful brand of football highlighted in a fabulous Wembley dismantling of t a team manged by the current Wrexham manager. The Board turned their investment into a whopping £20,000,000 and put US buyer in front of them twice with bulging wallets. The Swansea Trust failed to sell due to their own carelessness and tried to blame others. The launched a legal case which amounted to very little when push came to shove.
The old board were good to them but get no credit from Swansea fans who are not business minded it seems and more likely to be dazzled by glitter and hype. Wrexham under the actors will get nowhere near what Swansea did under Mr Jenkins.
Jenkins left no debts unlike Burnley had tidied up his mistakes and the US owner inherited £50m of academy talent. [Post edited 26 May 2022 15:04]
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| Burnley on 15:08 - May 26 with 730 views | Chief |
| Burnley on 15:00 - May 26 by ReslovenSwan1 |
The Wrexham Trust gave the club away to two show biz people. It appears a very generous gift to me. They could have sold the club for £1m. They could have raised the profile of the club themselves but were not up to the task. They have bought lower league bruisers and fans are temporary dazzled by the glitter.
The Swanse Trust were given the opportunity to buy 20% of the club also valued at £1m. The club played a beautiful brand of football highlighted in a fabulous Wembley dismantling of t a team manged by the current Wrexham manager. The Board turned their investment into a whopping £20,000,000 and put US buyer in front of them twice with bulging wallets. The Swansea Trust failed to sell due to their own carelessness and tried to blame others. The launched a legal case which amounted to very little when push came to shove.
The old board were good to them but get no credit from Swansea fans who are not business minded it seems and more likely to be dazzled by glitter and hype. Wrexham under the actors will get nowhere near what Swansea did under Mr Jenkins.
Jenkins left no debts unlike Burnley had tidied up his mistakes and the US owner inherited £50m of academy talent. [Post edited 26 May 2022 15:04]
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You expect the Supporters trust of a national League side to raise a higher profile than some A list Hollywood celebrities!? Think about that statement again.
This had zero to do with your lies and oversights in relation to Swanseas trust. Are you that devoid of knowledge and perspective in any other matters that you have to constantly refer back to them? And in doing so still spouting nonsense that has been disproved repeatedly? | |
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| Burnley on 17:40 - May 26 with 684 views | ReslovenSwan1 |
| Burnley on 15:08 - May 26 by Chief |
You expect the Supporters trust of a national League side to raise a higher profile than some A list Hollywood celebrities!? Think about that statement again.
This had zero to do with your lies and oversights in relation to Swanseas trust. Are you that devoid of knowledge and perspective in any other matters that you have to constantly refer back to them? And in doing so still spouting nonsense that has been disproved repeatedly? |
So you reckon Hollywood luvies can run football clubs better than 1000 football fans as members of a not 'for profit' Trust. I probably agree with you on that one given Swansea city's experience of its Supporters Trust and it tendency toward belligerence.
They now have a chance to reset and work out whether they can co exist with basically decent US majority shareholders. I believe they can.
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| Burnley on 18:20 - May 26 with 665 views | Treforys_Jack |
| Burnley on 15:00 - May 26 by ReslovenSwan1 |
The Wrexham Trust gave the club away to two show biz people. It appears a very generous gift to me. They could have sold the club for £1m. They could have raised the profile of the club themselves but were not up to the task. They have bought lower league bruisers and fans are temporary dazzled by the glitter.
The Swanse Trust were given the opportunity to buy 20% of the club also valued at £1m. The club played a beautiful brand of football highlighted in a fabulous Wembley dismantling of t a team manged by the current Wrexham manager. The Board turned their investment into a whopping £20,000,000 and put US buyer in front of them twice with bulging wallets. The Swansea Trust failed to sell due to their own carelessness and tried to blame others. The launched a legal case which amounted to very little when push came to shove.
The old board were good to them but get no credit from Swansea fans who are not business minded it seems and more likely to be dazzled by glitter and hype. Wrexham under the actors will get nowhere near what Swansea did under Mr Jenkins.
Jenkins left no debts unlike Burnley had tidied up his mistakes and the US owner inherited £50m of academy talent. [Post edited 26 May 2022 15:04]
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I'll take you to task on the statement regarding the old board being good to the trust and getting no credit from the supporters. Everyone, to a man or woman gave plenty of credit to the old board, right up to the point when they started lying and acting underhandly regarding the sale. Not sure why you continue to not see this or be able to rationalise and differentiate the 2 time periods. |  | | |
| Burnley on 18:44 - May 26 with 659 views | 3swan |
| Burnley on 18:20 - May 26 by Treforys_Jack |
I'll take you to task on the statement regarding the old board being good to the trust and getting no credit from the supporters. Everyone, to a man or woman gave plenty of credit to the old board, right up to the point when they started lying and acting underhandly regarding the sale. Not sure why you continue to not see this or be able to rationalise and differentiate the 2 time periods. |
And if course the good work done by the old board included a Trust director | | | |
| Burnley on 19:22 - May 26 with 641 views | Chief |
| Burnley on 17:40 - May 26 by ReslovenSwan1 |
So you reckon Hollywood luvies can run football clubs better than 1000 football fans as members of a not 'for profit' Trust. I probably agree with you on that one given Swansea city's experience of its Supporters Trust and it tendency toward belligerence.
They now have a chance to reset and work out whether they can co exist with basically decent US majority shareholders. I believe they can.
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Do you give these posts any thought at all? Do you think that it's Ryan and Rob making the football decisions then? Not a chairman or chief executive of which they can nice attract of a high calibre due the publicity and spending power the Hollywood Luvies have brought then?
Supporters trust are meant to belligerent.
They have no choice now. | |
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| Burnley on 21:51 - May 26 with 577 views | ReslovenSwan1 |
| Burnley on 19:22 - May 26 by Chief |
Do you give these posts any thought at all? Do you think that it's Ryan and Rob making the football decisions then? Not a chairman or chief executive of which they can nice attract of a high calibre due the publicity and spending power the Hollywood Luvies have brought then?
Supporters trust are meant to belligerent.
They have no choice now. |
Ryan and Rob have not taken very good advice by the looks f it. Why would they? Lets see how far they get. £2m will not get them far. They may end up like Moshiri at Everton and get burned. You sound as dazzled as the Wrexham fans but less impressed by the lovely Mindy. A few season of grunt and grind will see the dazzle fade. No Roberto to roll up and change the narrative.
"Supporters Trusts are meant to be belligerent." I am sure the other board members up to now have seen then as a pain in the rear and keep them at arms length. They belligerented their way out of losing up to £20m. | |
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| Burnley on 22:06 - May 26 with 571 views | Chief |
| Burnley on 21:51 - May 26 by ReslovenSwan1 |
Ryan and Rob have not taken very good advice by the looks f it. Why would they? Lets see how far they get. £2m will not get them far. They may end up like Moshiri at Everton and get burned. You sound as dazzled as the Wrexham fans but less impressed by the lovely Mindy. A few season of grunt and grind will see the dazzle fade. No Roberto to roll up and change the narrative.
"Supporters Trusts are meant to be belligerent." I am sure the other board members up to now have seen then as a pain in the rear and keep them at arms length. They belligerented their way out of losing up to £20m. |
They haven't taken good advice? What do you say that? Why would they - because they're film stars not football people. Do you think they personally picked Phil Parkinson for the manager's job?
Yes I'm not impressed at all by Mindy's contribution. The contrast between the Hollywood a-lister and their famous owners is stark. She hides away while they are constantly promoting their club. There's frankly nothing to be impressed about with Mindy. She offers nothing.
Of course they do, the trust got in the way previously for the good of the club and prevented the sellouts lining their own pockets which the sellouts weren't going to let happen again, which is of the course the reason why the trust were not included. Purely greed, no other reason.
Interesting that you finally see that now. Finally admitting that the trust was excluded because they had in the past acted as a supporters trust looking out for the club and would have done again if given the opportunity to do so. | |
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| Burnley on 22:31 - May 26 with 561 views | ReslovenSwan1 |
| Burnley on 22:06 - May 26 by Chief |
They haven't taken good advice? What do you say that? Why would they - because they're film stars not football people. Do you think they personally picked Phil Parkinson for the manager's job?
Yes I'm not impressed at all by Mindy's contribution. The contrast between the Hollywood a-lister and their famous owners is stark. She hides away while they are constantly promoting their club. There's frankly nothing to be impressed about with Mindy. She offers nothing.
Of course they do, the trust got in the way previously for the good of the club and prevented the sellouts lining their own pockets which the sellouts weren't going to let happen again, which is of the course the reason why the trust were not included. Purely greed, no other reason.
Interesting that you finally see that now. Finally admitting that the trust was excluded because they had in the past acted as a supporters trust looking out for the club and would have done again if given the opportunity to do so. |
You have not learned anything from the sad affair. Six wasted years of false promises and walking away with £21m. Fantasy land I am afraid. No wonder you feel let down.
It is no big deal they still exist and their 5% will be worth at least £10m in the premier league if they can cash it in. £30m in total after dilution.
No idea how they would invest the money with inflation ravaging the world again. | |
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| Burnley on 22:33 - May 26 with 560 views | Chief |
| Burnley on 22:31 - May 26 by ReslovenSwan1 |
You have not learned anything from the sad affair. Six wasted years of false promises and walking away with £21m. Fantasy land I am afraid. No wonder you feel let down.
It is no big deal they still exist and their 5% will be worth at least £10m in the premier league if they can cash it in. £30m in total after dilution.
No idea how they would invest the money with inflation ravaging the world again. |
I was right then - you literally are incapable of debating anything without rabbiting on about nonsense about the trust who aren't the subject of discussion. Amply demonstrated.
Try being less predictable. Your partner will appreciate you for it. | |
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| Burnley on 22:38 - May 26 with 555 views | ReslovenSwan1 |
| Burnley on 22:33 - May 26 by Chief |
I was right then - you literally are incapable of debating anything without rabbiting on about nonsense about the trust who aren't the subject of discussion. Amply demonstrated.
Try being less predictable. Your partner will appreciate you for it. |
I brought th Burnley issue to the attention of this forum 1 year ago and compared their position to Swansea's. ANother chicken that has come home to roost. You called it Burnley Bingo. | |
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| Burnley on 22:44 - May 26 with 553 views | Chief |
| Burnley on 22:38 - May 26 by ReslovenSwan1 |
I brought th Burnley issue to the attention of this forum 1 year ago and compared their position to Swansea's. ANother chicken that has come home to roost. You called it Burnley Bingo. |
The position the swans are in still isn't comparable to the position Burnley were in when sold. In fact we're further away than when you first brought up the Burnley fantasy. | |
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| Burnley on 23:24 - May 26 with 542 views | Lorax |
| Burnley on 12:36 - May 26 by ReslovenSwan1 |
I do not rant. I regularly start threads some on my favourite topics and on on other subjects as well.
I do not accept the prescriptions that you set out. The rules I observe are set out by the owner.
I am one of the very few that persistently questioned the Trust's strategy which ended in an embarrassing climbdown. You want to shut me up given your status as a site 'elder'. I reject you advice. I believe in free speech, |
Don't talk nonsense, I don't want to shut you up. You are free to comment on threads but stay on topic, stop hijacking threads.
If you want to discuss the trust ad nauseum then start a thread. I am totally fed up of reading a thread and then it being turned into your RANTS about the trust etc.
It's not too much to ask, if you are reasonable person, please stop hijacking threads and turning them, time and again, to the same tired old subject that most people are no loner interested in.
What you do by hijacking threads is to actually kill the debate because people lose interest and ignore the thread. | | | |
| Burnley on 08:40 - May 27 with 495 views | Fireboy2 |
| Burnley on 23:24 - May 26 by Lorax |
Don't talk nonsense, I don't want to shut you up. You are free to comment on threads but stay on topic, stop hijacking threads.
If you want to discuss the trust ad nauseum then start a thread. I am totally fed up of reading a thread and then it being turned into your RANTS about the trust etc.
It's not too much to ask, if you are reasonable person, please stop hijacking threads and turning them, time and again, to the same tired old subject that most people are no loner interested in.
What you do by hijacking threads is to actually kill the debate because people lose interest and ignore the thread. |
Yes, it happens all too often. | | | |
| Burnley on 09:28 - May 27 with 483 views | Lorax |
| Burnley on 08:40 - May 27 by Fireboy2 |
Yes, it happens all too often. |
Yes, we have nearly all done it from time to time but Resloven is doing it frequently.
I have even apologised for hijacking a thread and tried to get back on topic but pointing out to Resloven that he is hijacking threads gets me accused of trying to shut him up, to censor him.
Now back on subject, it looks like Victor Kompany could be the next manager and the vultures are circling, a few Burnley players are being targeted and allegedly Everton are afer Maxwel Cornet. | | | |
| Burnley on 10:44 - May 27 with 465 views | Fireboy2 |
| Burnley on 09:28 - May 27 by Lorax |
Yes, we have nearly all done it from time to time but Resloven is doing it frequently.
I have even apologised for hijacking a thread and tried to get back on topic but pointing out to Resloven that he is hijacking threads gets me accused of trying to shut him up, to censor him.
Now back on subject, it looks like Victor Kompany could be the next manager and the vultures are circling, a few Burnley players are being targeted and allegedly Everton are afer Maxwel Cornet. |
It's a damn shame lorax, I know a few loyal clarets, I warned them about their new owners, didn't think it would be this bad if they got relegated.
Cannot believe that the previous owners sold with these conditions as burnley are renowned for being run tightly by owners who are loyal fans, have been since the Bob Lord days. | | | |
| Burnley on 12:54 - May 27 with 409 views | Lorax |
| Burnley on 10:44 - May 27 by Fireboy2 |
It's a damn shame lorax, I know a few loyal clarets, I warned them about their new owners, didn't think it would be this bad if they got relegated.
Cannot believe that the previous owners sold with these conditions as burnley are renowned for being run tightly by owners who are loyal fans, have been since the Bob Lord days. |
As you obviously know, Burnley are....ahem...a "proper club" with a good set of loyal fans. I have been to Burnley twice and had a good trip both times, fair to say I like Burnley.
This fit and proper person test, not fit for purpose. No club purchase should be leveraged; it straightaway screams corrupt to me, new owners making the fans pay for the new owners purchase. | | | |
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