I'm pretty certain Alan Pace understands this concept and ramifications and further wonder if Burnley Football Club can somehow grab a slice of this particular cake?
https://www.msn.com/en-gb/news/other...cf798f6c&ei=12
Annual wage bill now around £30 million not the previous ridiculous £90 million, a huge chunk of media/TV change on its way, assets cover liabilities and I've got five season tickets for the Clarets' EPL.
Don't worry, be happy...
https://www.youtube.com/watch?v=d-diB65scQU
I'm pretty certain Alan Pace understands this concept and ramifications and further wonder if Burnley Football Club can somehow grab a slice of this particular cake?
https://www.msn.com/en-gb/news/other...cf798f6c&ei=12
We seem to be outliers in this game, rich Americans and rich Arabs vie for the world's top clubs, but our American owners are potless, and we're vitually back to the Bob Lord era, find them young and sell them at a profit. At Burnley, it's plus ça change, plus c'est la même chose.
I'm 100% certain Alan Pace does not qualify as "Roi des cons" mon ami, he'll be in the game somewhere.
Any one who can afford a cheese soufflé for a starter at the posh end of the Ribble Valley is certainly not potless.
Last edited by The Bedlington Terrier; 14-06-2023 at 11:45 AM.
ALK were supposed to be 'investors' in the club. Yet we're saddled with huge debts. How does that work ?
Having the financial wherewithal to come up with £100 million plus and chucking it in the direction of Turf Moor is good enough for me mon ami. I've gotten somewhat lost in the original amount ALK put in, I recall it being somewhere between £15 - 40 million and suing the bollox off the Toffees and the FA/EPL might inject a few more quid sinkov.
https://www.theguardian.com/football...CMP=GTUK_email
It seems ALK have used just £15 million of their own money to acquire ownership of the club, the rest comes from the club's own money and loans, with interest charged to the club, not ALK. However you care to describe ALK, they are not 'investors' in any accepted sense of the word.
Just for comparison Newcastle were bought out around the same time, how much debt have their new owners landed them with ? As far as I understand it PIF are putting money into the club, not taking it out.