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Thread: Burnley FC - gone for a pie and a pint. ALK No Capital?

  1. #1
    Join Date
    Jan 2010
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    11,712

    Burnley FC - gone for a pie and a pint. ALK No Capital?

    Greetings to those who remember me. I have awoken from the slumbers by the prospect of the club being taken over by a holding company set up for £10.00.
    ALK Capital Ltd LLC is the holding company involved, not as often stated its US parent.
    It was registered by Companies House on Sep 15 this year at 1 Park Row Leeds a flexi office location, with 3 Delaware based US directors led by Alan Paul who owns over 75% of the shares. He was said to be worth around £70m, hardly massive in PL terms.
    He was as you will know President of MLS Real Salt Lake between 2006 and 2008 and lately involved in trying to take over Sheffield United. That failed as a court case decided there were two owners. He then left his job at Citibank to buy a PL club.
    His US company ALK Capital with office addresses in New York and London has recently bought into two soccer IT products but little else.

    We donít know and wonít know what is planned for the club till it happens.
    Lots seem to think the new owners will splash the cash, and they may, but who will the owners really be, as a holding company they will need outside investors and they will need to make money or take money to pay dividends and directors fees out of the club. I find it hard to see how massive investments would make us do any better than 7th.
    To make money they may wish to dictate who plays, if there is moneyball behind it. That may need a new manager. They may need to strip our asset rich club to loan money to buy it or pay the investors.

    Originally in the prospectus issue in 2018 Mr Garlick was looking for outside investment and the club was supposedly worth £180m (possible less after Covid and with TV monies declining) he was looking to keep control.

    The Sheffield sale was supposedly a 5 year purchase of 20% so if that were the case here, if the new owners can find or borrow £35m they could be running the club for investing £10.

    I only hope Mr Garlick can safeguard the clubs future, and my fears are wrong.

  2. #2
    Nice to hear from you again OC! Usual Bullsh-it Baffles Brains scenario- but I'm glad you have seen through this charade OC.

    Garlick's not daft - he won't be duped by a smooth talking Yank. Safe as houses we are!

  3. #3
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    35,123
    By god OLd Colner ,it's been a while since you decided to stop posting mate. Good to have you back on board ,but you need to change your user name to "very old Colner" now..

  4. #4
    Join Date
    Jan 2011
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    Old Colner --pleased to see that you are still around and maintaining an interest in things Turf Moor.
    THanks for the info about ALK although, as usual, it is not something which I shall worry about because I have no say whatsoever in what may or may not happen and life goes on. I hope that you are keeping well.

  5. #5
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    Jan 2010
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    Thanks to you all. Nice for the banter, and very old is too near the mark. Still looking out for the Clarets
    Managed to get to 3 games last year, two wins home v Leicester and away at Old Trafford both memorable, the latter even more as we were in hospitality.
    Hope you are all well. Iíve had prostate troubles, a course of female hormones and radiotherapy so should be cured now!
    Best wishes
    Last edited by oldcolner; 30-09-2020 at 06:48 PM.

  6. #6
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    Jan 2011
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    oldcolner ----I really hope that you make a full recovery and enjoy life for a lot longer, although it is difficult at the moment. Take care.

  7. #7
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    Take care OC and keep posting please.

  8. #8
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    Hi Oldcolner, sounds like you have been in the wars, hope you are truly on the mend

  9. #9
    Join Date
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    .

    Quote Originally Posted by oldcolner View Post
    I’ve had prostate troubles, a course of female hormones....so should be cured now!

    all the Best with that Colner -


    ..

    .....btw, have you grown knockers ?


    Pace and Checketts.

    https://www.thetradenews.com/citi-gl...football-club/


  10. #10
    Join Date
    Jan 2010
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    11,712
    Hi Norder
    Thanks I had seen that article but itís worth a reread.

    This one refers to the recent involvement with IT products.
    https://www.sportbusiness.com/news/a...t-player-lens/

    I did grow a pair, my daughters told me not to get bigger ones than them. They are regressing now but I do like high heels 👠

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