Burnleys owners

[hogesar 9,609]

Remember,  several on here pointed at Burnleys new money as a "see, if Burnley can get more investment so can we". Agreed, we could easily have got the same deal as Burnley:

 

[duke63 541]

Even worse is that the money borrowed was used by the new owners to buy the club in the first place and not for investing in the playing side.

Its a bizarre idea and should not be allowed to happen in football.

[canarydan23 4,060]

1 minute ago, duke63 said:

Even worse is that the money borrowed was used by the new owners to buy the club in the first place and not for investing in the playing side.

Its a bizarre idea and should not be allowed to happen in football.

It's how the Glazer's got Man Utd isn't it?

[HazzaJet 252]

I was always hoping that they would pick up the 3rd relegation spot as I think out of them, Leeds and Everton they are the weakest. Have a feeling I recently read an article saying that they would be in deep trouble if they got relegated. Sounds like the parachute payment(s) will mean nothing for them and they will lose some key players this summer

[Icecream Snow 761]

I think in the short term the £65m loan isn't too much of an issue, as I believe they have cash reserves of £50m. 

But Tarkowski is out of contract, along with another eight players, and another seven in 2023 (though they can extend Nick Pope for another year). Cornet has a release clause of £17.5m so I'd imagine he'd be off, and Josh Brownhill is allegedly wanted by West Ham.

So it's hard to see who they build a team around, with an elderly squad, few saleable assets and financial pressures. Even if they paid the loan off they still only own half the club.

 

[duke63 541]

Once they have paid out the £65 million loan repayment though, where is the club's day to day working capital coming from?

[Icecream Snow 761]

4 minutes ago, canarydan23 said:

It's how the Glazer's got Man Utd isn't it?

Yes, but through improved marketing and commercial partnerships, the Glazers were able to drastically increase the revenue of the club, something that Burnley can't achieve.

[Move Klose 303]

15 minutes ago, Icecream Snow said:

I think in the short term the £65m loan isn't too much of an issue, as I believe they have cash reserves of £50m. 

But Tarkowski is out of contract, along with another eight players, and another seven in 2023 (though they can extend Nick Pope for another year). Cornet has a release clause of £17.5m so I'd imagine he'd be off, and Josh Brownhill is allegedly wanted by West Ham.

So it's hard to see who they build a team around, with an elderly squad, few saleable assets and financial pressures. Even if they paid the loan off they still only own half the club.

 

Take Tarkowski out of that list and that  whole load of **** there.

[Feedthewolf 4,844]

Everton are in a right financial pickle even though they stayed up. Burnley in a right mess, as has been outlined in this thread. Watford a perpetual basket case with obscene player and manager turnover.

When the dust settles, we're actually not in too bad a position. As I posted in my Contract Conundrums thread, as things stand we've actually got two decent Championship teams in our squad already. We desperately need to bolster our central midfield and sign that long-overdue Tettey replacement, but otherwise the squad isn't too bad. Whether Dean Smith has the necessary smarts and soft skills to bring the best out of it is another question entirely.

[canarydan23 4,060]

26 minutes ago, Icecream Snow said:

Yes, but through improved marketing and commercial partnerships, the Glazers were able to drastically increase the revenue of the club, something that Burnley can't achieve.

Increased revenue, the modern football fan's dream.

[cambridgeshire canary 6,669]

35 minutes ago, HazzaJet said:

I was always hoping that they would pick up the 3rd relegation spot as I think out of them, Leeds and Everton they are the weakest. Have a feeling I recently read an article saying that they would be in deep trouble if they got relegated. Sounds like the parachute payment(s) will mean nothing for them and they will lose some key players this summer

You really see Nick Pope sticking around? There's a good example, he wants to keep playing for England and he's on both prem and england international wages wihch Burnley won't be able to afford in the second divison nevermind with the debt Burnley are now soon to be in. Or Cornet, who has impressed the most and could easily fit in most decent Prem sides.. Feel he might be the first to be sold to raise funds.

[Faded Jaded Semi Plastic SOB 1,017]

Now relegation is confirmed I wonder how serious Burnley are about taking legal action against the Premier League and Everton?........

[HazzaJet 252]

26 minutes ago, cambridgeshire canary said:

You really see Nick Pope sticking around? There's a good example, he wants to keep playing for England and he's on both prem and england international wages wihch Burnley won't be able to afford in the second divison nevermind with the debt Burnley are now soon to be in. Or Cornet, who has impressed the most and could easily fit in most decent Prem sides.. Feel he might be the first to be sold to raise funds.

Was always convinced they will lose Pope - like you said an England international. Don’t really know about the rest of their squad though, as when it comes to the squads of other clubs (especially the smaller ones) the only players I really know of are the big names

[Kenny Foggo 1,116]

I think Burnleys owners are as out of touch as ours..

[AJ 1,218]

2 hours ago, Icecream Snow said:

I think in the short term the £65m loan isn't too much of an issue, as I believe they have cash reserves of £50m. 

But Tarkowski is out of contract, along with another eight players, and another seven in 2023 (though they can extend Nick Pope for another year). Cornet has a release clause of £17.5m so I'd imagine he'd be off, and Josh Brownhill is allegedly wanted by West Ham.

So it's hard to see who they build a team around, with an elderly squad, few saleable assets and financial pressures. Even if they paid the loan off they still only own half the club.

 

I would imagine it's likely most of those players will have a "extra years option" like we do with all our players to stop them leaving for free, so they should have some funds to rebuild if some of their bigger names do leave. They're in a similar position to us really, sacking fan favourite Dyche for someone who hasn't shown a huge amount of ability to do better yet

[hogesar 9,609]

2 minutes ago, AJ said:

I would imagine it's likely most of those players will have a "extra years option" like we do with all our players to stop them leaving for free, so they should have some funds to rebuild if some of their bigger names do leave. They're in a similar position to us really, sacking fan favourite Dyche for someone who hasn't shown a huge amount of ability to do better yet

Only they've got £65 million to pay back, most of their players are the wrong side of 30 by some distance and plenty of them don't have the 1 year you're mentioning. However, i'd concede most aren't likely to attract a move elsewhere so presumably will stay.

[Michael Starr 519]

Burnley are now in massive trouble. MASSIVE. Double relegation?!

[TheBaldOne66 681]

6 hours ago, hogesar said:

Remember,  several on here pointed at Burnleys new money as a "see, if Burnley can get more investment so can we". Agreed, we could easily have got the same deal as Burnley:

 

Why are you so against us getting new owners? Do you think all is well under the current ownership?
 

All you ever do is defend them without accepting things could actually improve, yes, it could get worse, but it could actually get better. 
 

Unless it happens soon the malaise will get worse 

[Dr Greenthumb 746]

Under the current owners, we have nearly gone into administration twice and relegated to league one, but the sun shines out of their backsides.

[Big Vince 318]

It's no good to keep on trotting out the same line that there are other clubs in worse pickles in order to justify the Socialists and their heirs clinging on here ad infinitum.

[Highland Canary 76]

With the deterioration in quality of the squad over the last year, and the associated relatively low value of player assets, presumably that leaves us only a ‘Maddison’ away from administration again, certainly if we fail to gain promotion in 22/33, given our business model.

[Kenny Foggo 1,116]

Who gives a..... about Burnley! Look at the mess your own club is at...I can see it now, any criticism of the appalling way we have been managed on and off the pitch will be greeted with ..but look at Burnley..its as pointless as saying look at Brentford!!  ...we are in a state and only an overall of the management will change that and I don't mean Dean Smith.

[Kenny Foggo 1,116]

5 hours ago, TheBaldOne66 said:

Why are you so against us getting new owners? Do you think all is well under the current ownership?
 

All you ever do is defend them without accepting things could actually improve, yes, it could get worse, but it could actually get better. 
 

Unless it happens soon the malaise will get worse 

Its the complete and utterly blind devotion to owners that bring zero to the table anymore.

I'd settle for owners with a fresh approach, a proper management structure setting high targets and demanding 100% in commitment at this point of time. Forget "huge" investment.

[TheBaldOne66 681]

3 minutes ago, Kenny Foggo said:

Its the complete and utterly blind devotion to owners that bring zero to the table anymore.

I'd settle for owners with a fresh approach, a proper management structure setting high targets and demanding 100% in commitment at this point of time. Forget "huge" investment.

It seems Hogesar doesn’t want to come up with answers to questions he asks himself.

Yesterday he mentioned the problems with billionaire owners yet wouldn’t say what they were and now he won’t answer if he thinks all is well and why he constantly defends the old cronies that own us!

 

I think he may be a politician secretly, maybe Ed Balls 🤣🤣🤣

Edited May 23, 2022 by TheBaldOne66

[1902 1,167]

10 hours ago, Feedthewolf said:

Everton are in a right financial pickle even though they stayed up. Burnley in a right mess, as has been outlined in this thread. Watford a perpetual basket case with obscene player and manager turnover.

When the dust settles, we're actually not in too bad a position. As I posted in my Contract Conundrums thread, as things stand we've actually got two decent Championship teams in our squad already. We desperately need to bolster our central midfield and sign that long-overdue Tettey replacement, but otherwise the squad isn't too bad. Whether Dean Smith has the necessary smarts and soft skills to bring the best out of it is another question entirely.

Generally I'm an optimistic supporter, but I can't help but feel that this time will be a lot harder. If we look at the last time we were relegated, where are we considerably better?

Probably at centre back. Outside of that, we have lost Buendia, Cantwell (effectively) and Pukki is two years older. We will do very well to find a player as good as Skipp again and I'd be very surprised if Max is still here. We have less saleable assets than two years ago so less flexibility.

So we are pretty reliant on the likes of Sargent, PLM and Rashica looking a lot, lot better in the Championship (which is possible) but I will have to see it before I believe it.

[cornish sam 940]

15 minutes ago, Kenny Foggo said:

Who gives a..... about Burnley! Look at the mess your own club is at...I can see it now, any criticism of the appalling way we have been managed on and off the pitch will be greeted with ..but look at Burnley..its as pointless as saying look at Brentford!!  ...we are in a state and only an overall of the management will change that and I don't mean Dean Smith.

Thing is off the pitch we have actually been managed pretty well, it's all of the stuff around on the pitch that has let us down +especially recruitment). During the last few years we have significantly improved our facilities and infrastructure and we have acted in (seemingly) a very responsible way financially, it's just been very let down by the players and recruitment...

Edited May 23, 2022 by cornish sam
To be clear the first team management and coaching is part of the let down by players

[hogesar 9,609]

5 hours ago, TheBaldOne66 said:

Why are you so against us getting new owners? Do you think all is well under the current ownership?
 

All you ever do is defend them without accepting things could actually improve, yes, it could get worse, but it could actually get better. 
 

Unless it happens soon the malaise will get worse 

 

13 minutes ago, Kenny Foggo said:

Its the complete and utterly blind devotion to owners that bring zero to the table anymore.

I'd settle for owners with a fresh approach, a proper management structure setting high targets and demanding 100% in commitment at this point of time. Forget "huge" investment.

 

10 minutes ago, TheBaldOne66 said:

It seems Hogesar doesn’t want to come up with answers to questions he asks himself.

Yesterday he mentioned the problems with billionaire owners yet wouldn’t say what they were and now he won’t answer if he thinks all is well and why he constantly defends the old cronies that own us!

 

I think he may be a politician secretly, maybe Ed Balls 🤣🤣🤣

*deep sigh*

I'm not so against us getting new owners. I'm against the idea that any potential new owners are automatically better than what we had before. Burnley is a case in point because they were heralded as proof when their new investors / owners came in that clubs of our size are attractive. Well, those new investors / owners have not only invested nothing, but they now want an immediate payback when the club is in it's most precarious position in years. That's because they have no real concern for the club, but they do for their own bank balance.

This is how the argument runs every single time and it's boring as f*ck. Someone dares to say that new owners might not produce the results those that want the current owners out desire, and now according to Kenny it's "complete and utterly blind devotion" - it makes debating with him completely pointless because he makes things up as his actual argument is lacking in substance beyond the typical "boo delia, yay everyone else". It's really immature in my view, that adults debate at a level as basic as that.

[Nuff Said 5,079]

2 hours ago, Kenny Foggo said:

Who gives a..... about Burnley! Look at the mess your own club is at...I can see it now, any criticism of the appalling way we have been managed on and off the pitch will be greeted with ..but look at Burnley..its as pointless as saying look at Brentford!!  ...we are in a state and only an overall of the management will change that and I don't mean Dean Smith.

What exactly is the mess our club is in? Two relegations from the Premier League in three years? It’s not ideal, but I could list 72 clubs that would love to have achieved that much.

We are financially on a solid footing. Yes, administration was a threat once (@Dr Greenthumb when we went down to League 1, when was the second time you mention?) but the club reacted, did what it needed to do and not only did administration not happen, it put plans in place so it won’t happen again. Plus I suspect the management who came in exaggerated the threat anyway in order to make their starting point look more difficult and their achievements more impressive. Any longer-term reduction in revenue, like parachute payments ending, will be predictable in advance and the club can adjust in time if it needs to. 
 

And we now have an impressive academy, and we are an attractive place for young players to come to as we offer career progression. 
 

That doesn’t look like a mess to me, it looks like impressive achievement on the resources we have. I get that this is an emotional time, but posting stuff like this, accusing posters of not replying when we all have a life outside this board and aren’t sitting on it 24x7, or suggesting that the chance of new owners being better than what we have is a 50/50 coin toss, is just not thought through. Take a step back and look at what we have, what we’ve done in the last few years and what similar clubs have done. Yes, there will be one or two outliers who are currently doing better, but there will also be many, many more who are worse. We can do better, we learnt from administration and we will learn from two relegations.

(And I probably need to state, like hogesar, that I’m not against new owners, but the chances of them 1) being safe to hand the club to and 2) any more successful than the current ones is low IMHO).

Edited May 23, 2022 by Nuff Said

[Jim Smith 2,314]

47 minutes ago, cornish sam said:

Thing is off the pitch we have actually been managed pretty well, it's all of the stuff around on the pitch that has let us down +especially recruitment). During the last few years we have significantly improved our facilities and infrastructure and we have acted in (seemingly) a very responsible way financially, it's just been very let down by the players and recruitment...

Not so sure about that. Financially, maybe - tine will tell. But there is a deep malaise amongst the support that is dangerous for the club and it’s future prospects and is not being mitigated by having good people communicating with the fans off the pitch. 

[duke63 541]

It doesn’t matter which club you are or how wealthy the owners are, every club will have bad seasons mixed in with the good. 

I’m sure most would like to see a change of ownership with fresh impetus, but firstly we are a relatively small club in an unfashionable part of the Country, so are unlikely to see a multi billionaire buying the club as these days most new owners are seeing it as a money making venture and secondly for every Man City there is probably 5 other Cardiffs, Derbys, Burnleys etc. 

Anyone who bought the club would really need to be a dedicated supporter otherwise it just would not improve the playing side. 
 

I would much prefer to see us follow the German style of being substantially owned by the supporters.