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Seems like they were right to be concerned.
"Burnley FC owners ALK Capital calm fears after bid lodged to shut them down on Companies House"
"ALK Capital, owners of Burnley Football Club, have calmed fears after a bid to shut them down as a company was lodged on Companies House. They have instead put the issue down to an 'admin error'. The American firm completed its takeover of Burnley in December 2020 via their business sports investment arm Velocity Sport Partners. Both ALK Capital and Velocity Sports Partners have accounts nearly six months overdue and confirmation statements that should have been filed by November 9, according to Companies House. The Government agency has written to ALK to give them notice that the business faces being struck off the Registrar of Companies and dissolved."
Accounts six months overdue eh. As I was saying..................![]()
I keep getting told that we are in safe hands, run by financial experts, they know what they doing, yet they are six months late with their accounts due to an 'administrative error' ?
The mugs ripped off by con-men are always in denial mon ami, right up until the moment they find their bank accounts are empty. All the smart people investing in Bankman-Fried's b1tcoin scam, billions lost now, but could you tell them he was a dangerous snake oil salesman, no course not, the mugs didn't want to know.
Never mind the alarm bells clanging away, you just concentrate on the football, never mind what's going on in the back office. It was probably the cat that ate the accounts anyway, and nobody noticed for six months, it happens.![]()
Just read the small print with one of my bets. The 'Early Payout' bit means that should the Clarets go 10 points clear of the team in second place then they pay out the full amount irrespective of where the final positions are.
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Couldn't care less about where they're based mon ami, what worries me in any sphere, is experts who can't even get the basics right. Either it was incompetence, in which case they're not experts, or they have something they were trying to hide. One or the other, take your pick.