Burnley - financial problems?

[FinchleyBlade]

Fair comment. Less than 10% of them have passports so “cutesy lil old England” is viewed as a quaint town by comparison

Definitely more than 10% have passports, but even if they don't why would they need one? America is absolutely massive and incredibly geographically diverse, one state from another is so different that they have no need to leave the country to experience different cultures and environments.

 

[sitwell]

Makes one ponder a little deeper about our US consortium owners

Nowt like putting a whole population in the same basket, maybe they will all come in wearing stetsons ,after tying their horses up on Cherry st, firing into the air shouting Msuga and spitting into a spitoon.

 

[Zero dark thirty]

Makes one ponder a little deeper about our US consortium owners

What owners. We all know its bollox

 

[Keen Blade]

Appears that Burnley are in a bit of turmoil and the fans are not happy..
They’ve sold or are about to sell the following:-
Johann Berg Gudmondsson (sold)
Scott Twine (sold)
Sander Berge (sold)
Anass Zaroury (sold)
Wilson Odobert (sold)
Muric (sold)

Dara O'Shea - off to Ipswich
Manuel Benson - off to Leeds
Josh Cullen
Wout Weghorst
Luca Koleosho - off to Wolves
Mike Tresor

Looks like the big spending gamble last season for zero reward was a massive mistake.

Their fans think it’s ALK asset stripping to repay themselves what they put in and the fears people had about their takeover are about to be realised.

Good news for us if they implode!

Wish they would , hated them with a passion since 2009.

 

[Keen Blade]

I didn't enjoy last season at all, it was embarrassing. But it did feel like we took absolutely no risk on trying to stay up (probably because we couldnt) and now feels like that wsnt such a bad idea.

No idea how a team does get promoted and stay up without a huge financial gamble... only way seems to be a team gets lucky with their academy generating a generation of potential PL stars...

And no injuries

 

[Keen Blade]

Burnley shipped 15 players so far this summer banking £80 mill. Still 5 days to go.

If those sales have produced an overall profit on those players , isn't that a business model for the investors ?

 

[Isaw Joeshaw]

It does, but I think leveraged buyouts are now banned so we'll avoid an ALK situation.

Sadly , as I have pointed out before , the commonly held belief that leveraged buyouts are now banned is a misconception.

Premier League rules still allow 65% of the purchase price to be dumped on the club as a debt . In the USA as long ago as 10 years or more this was restricted to 25 % which is why vultures like the Glazers looked to our country, which at the time had no restrictions at all , to practice their dark arts of asset stripping which they have carried with almost breathtaking efficiency .

Even worse , the EFL have no specific limits in this respect and as with the PL , no restrictions on the level of interest which can be charged against this debt which is typically twice the going commercial rate or even more .

I’m not saying that that all potential US ‘investors ‘ and their banking buddies have the above scenario in mind as being their main objective when taking over one of our clubs , but there must be a big temptation for them to do so given our ridiculously weak approach to this very serious and disconcerting anomaly .

 

[Champagneblade]

i see the Press easily lapped up the “Parker was forced to name 2 keepers to fill the bench” tactic.

Bloke has 9 centre backs on his books yet needed to name a second keeper?

How subtle!

Either way they could face a tumultuous last week as it seems ALK are cashing in what they can right now.

Maybe they won’t emerge as the favourites I thought they might and perhaps Leeds will be the team to emerge the stronger.

 

[Inter_blade83]

Losing players and employed that shit manager. Things aren't going to go well for them then.

 

[Rodley]

.
Let us hope our current owner is sincere in saying he wouldn't sell to asset strippers/aka venture capitalists.

Henri Mauriss and Dozy are on line #2 for you,

 

[Blade56]

Luton have still got pretty much the same squad and have added McGuiness from Cardiff. They've had a poor start but I expect them to be thereabouts at the end of the season

Losing Osho and Barkley is like losing Deane and Fjortoft

 

[Booker4]

Losing players and employed that shit manager. Things aren't going to go well for them then.

Maybe not if they don't go up, but this season I still think they'll be strong and Parker has won promotion before. He inherits a strong squad still even with sales. I still think Burnley will be pushing top two.

 

[CarlMcBlade]

Much the same as ours, that squad represented abject failure too. It was only us who gave them an air of respectability by gifting them 6 points. Alas many of the Burnley departures will make them good money, unlike our mass exodus.

 

[Le Cynique]

If those sales have produced an overall profit on those players , isn't that a business model for the investors ?

Only if A they’re in it for the short term or B they can replicate it season-on-season, and the latter would be difficult for any club

 

[petcharlie]

Sadly , as I have pointed out before , the commonly held belief that leveraged buyouts are now banned is a misconception.

Premier League rules still allow 65% of the purchase price to be dumped on the club as a debt . In the USA as long ago as 10 years or more this was restricted to 25 % which is why vultures like the Glazers looked to our country, which at the time had no restrictions at all , to practice their dark arts of asset stripping which they have carried with almost breathtaking efficiency .

Even worse , the EFL have no specific limits in this respect and as with the PL , no restrictions on the level of interest which can be charged against this debt which is typically twice the going commercial rate or even more .

I’m not saying that that all potential US ‘investors ‘ and their banking buddies have the above scenario in mind as being their main objective when taking over one of our clubs , but there must be a big temptation for them to do so given our ridiculously weak approach to this very serious and disconcerting anomaly .

Well said mate .it makes you think what their motives are when these people invest in a industry that is bound to be loss making .

 

[bakeblade]

Losing Osho and Barkley is like losing Deane and Fjortoft

Barkley, yes. Osho no

 

[Tom Bott]

Burnley would need to pay back "a significant proportion" of a £65m loan at the end of the season if relegated from the Premier League.

The loan was taken out as part of the club's takeover by ALK Capital in December 2020.

Burnley face 'significant' loan repayment if relegated, accounts show

Burnley's latest accounts show the club would have to repay a "significant proportion" of a £65m loan at the end of the season if relegated from the Premier League.

www.bbc.co.uk

 

[FriethBlade]

I didn't enjoy last season at all, it was embarrassing. But it did feel like we took absolutely no risk on trying to stay up (probably because we couldnt) and now feels like that wsnt such a bad idea.

No idea how a team does get promoted and stay up without a huge financial gamble... only way seems to be a team gets lucky with their academy generating a generation of potential PL stars...

You have to do what Forest have done and take that 'huge financial gamble'. However that's easier to do when u have a billionaire owner who seems to have an easy come easy go attitude.

They have spent a fortune, completely overhauled the squad and player with fire re PSR. Even then they only just stayed up for 2 years but I think they could be on the verge of establishing themselves as a PL team

 

[Need4speed]

Sell players to recoup money spent last year on transfers to try and stay up. This year get five decent loans in to replace them and go up again and then gamble again. As long as they don't lose money on players is it a bad tactic?

 

[moody1889]

I'm sure they're in it for the love of the game and SUFC in particular.
So no worries....
Be careful what you wish for.
Let us hope our current owner is sincere in saying he wouldn't sell to asset strippers/aka venture capitalists.
If you trust the Yanks you're an idiot.

Difference is our fans unlike many other fan bases wouldn't sit back and take our club being destroyed.

 

[Nick Jansky]

Difference is our fans unlike many other fan bases wouldn't sit back and take our club being destroyed.

What do you think the fans would do?

 

[Bladesman]

What do you think the fans would do?

Shoes off in the car park.

 

[Nick Jansky]

Shoes off in the car park.

Probably. Which doesn’t make an ounce of difference to absent owners.

 

[rompodebailey]

What do you think the fans would do?

Sit forward?

 

[Irv]

What do you think the fans would do?

Smash their Blades-tinted glasses?

 

[s20Blade]

Sell players to recoup money spent last year on transfers to try and stay up. This year get five decent loans in to replace them and go up again and then gamble again. As long as they don't lose money on players is it a bad tactic?

Sounds very familiar.....

 

[SGBlade]

Sell players to recoup money spent last year on transfers to try and stay up. This year get five decent loans in to replace them and go up again and then gamble again. As long as they don't lose money on players is it a bad tactic?

This is exactly the tactic for parachute clubs. Loans are huge these days. If you think about it objectively, it’s the sensible way to go about it. You recoup most of the transfer budget you spent when you went up (even if you recruit terribly, like us, this seems possible) then you use your parachutes to bring in loans that no other champ club could afford. If you go up, great - rinse and repeat. If not, you’re not locked into 5 year contract that send you into administration.

Just to be clear, I’m not necessarily condoning it - I’d rather see rules brought in to make all leagues more competitive. I also find it a bit depressing as a fan of a parachute team, because you rarely own your best players.

Although, tbf, this year we’ve bought well on last-year-of-contract permanents and frees. So getting that mix right, plus investing in your own young players feels like the right blend.

 

[HeySethUTB]

Luton have still got pretty much the same squad and have added McGuiness from Cardiff. They've had a poor start but I expect them to be thereabouts at the end of the season

Agree with Irv Barkley was effectively their creative force and Osho was very good, by a country Mike their best defender. Statistically in the highest percentiles for lots of defensive metrics in comparison to other defenders in the premier league.

 

[John Street West Terrace]

When they got promoted I think had 6 or 7 loan players in the side & that’s not very solid footings to build on . After promotion they then bought heavily thinking Kompany was the messiah . So now that didn’t quite work out you have pay the piper , fuck all sympathy for them from me

 

[raimond]

Probably. Which doesn’t make an ounce of difference to absent owners.

Write a really strongly worded post in a fans forum. That'd show the bastards.