New owner confirmed…

Well Adam said it so it has to be true

 

Looking at their financial trend, basically Burnley have made substantial profits in the two seasons when they have been in the Premier League, benefiting from the far higher revenues available there, e.g. their previous record profit of £14 million was registered in 2009/10.

As a rule, Burnley have produced smallish losses in the Championship, though ironically their largest deficits have come in their promotion seasons, as these have triggered substantial bonus payments. In fact, without the impact of once-off promotion payments in 2013/14, the club would actually have reported a £300k profit.

The only other season that saw a profit was 2011/12, due to relatively high profit on player sales of £8.6 million. As the chairman explained: “Despite recording an operating loss for the year, the transfer fee we received for Jay Rodriguez (sold to Southampton) meant we were able to convert this loss for the year into a profit.”
So 14 million profit in 2010
Whole different ball game and not comparable really.

 

Steve burton or is that going back too far

 

All that good work undone

Heady recent wins at Liverpool and Arsenal have helped keep Sean Dyche’s Burnley team eight points above the Premier League relegation zone, but at Turf Moor the air is still clearing over a £170m US takeoverwhich has used the club’s own money and loaded it with debt.

The new chairman Alan Pace, a former Wall Street financier leading the US consortium ALK Capital that bought the club, has been a very vocal proponent of energetic plans to build on Dyche’s achievements and improve the club’s historic home. But he has not explained in detail the deal to buy the club from its long-term local owners and directors, led by outgoing chairman Mike Garlick, who owned 49.24% of the shares, and John Banaszkiewicz, who had 28.2%.

'Start of an exciting journey': US investor ALK seals Burnley takeover
Responding to questions from the Guardian, Pace, citing confidentiality, declined to confirm precisely how the multimillions of pounds paid to those outgoing Burnleyshareholders have been financed, although ALK maintains that its plans are sustainable and it intends to invest new money in the club. Sources with knowledge of the deal did, however, confirm some essential elements: the initial payments to Garlick, Banaszkiewicz and the other sellers have been financed with a loan from MSD UK Holdings, the investment firm of the US tech magnate Michael Dell, said to be approximately £60m. The loan is charged like a mortgage on Turf Moor and the club itself, which will have to repay it from its own revenues, with interest at a rate ALK has not yet publicly stated.

 

What could go wrong!

 

any update this week on whether the willingness is continuing @Howdentiger2?. Assume it will be an important week for them if we have two positive results!

 

All rumbling along nicely as far as I'm aware, these things take time and I've not really seen or spoken to anyone this week to get a real update. I have a quieter week next week so hopefully get time to catch up.

This isn't anything but my personal opinion, but I think it will step up a gear if/when promotion is secured

 

I strongly suspect that the additional revenue from being in The Championship alongside being a step nearer The Prem is the only way The Allams stand any chance whatsoever of getting anything like their asking price

 

If we get promoted and the “big 6” chase the money and leave the pl. Does that make us more appealing to a buyer in anyway ?

 

Only if we can move closer to London

 

What makes us appealing is the merit - based pyramid system the game was built on. Too many compromises have been made already. Too much stacked in the favour of the established rich clubs, but this esl idea is simply the antithesis of sport.

 

The only chance of a change is for Gary Neville to lead an 'Allam Out' campaign.

 

52 minutes now

 

Let’s get promotion done and dusted and see whether there is any serious interest. Best time for them to sell in order to get highest value possible they just need to be realistic with their asking price......

 

A draw or win on Saturday v Lincoln and I can see us being sold within 24 hours.

 

2110 days you mean?

 

I think I can see a little flaw in your plan.

 

I had to laugh at this, talk about a non-story.

Exclusive - Hull City’s ownership conundrum needs to be the thing that is addressed first on the back of promotion, according to Dean Windass.



Grant McCann has done an outstanding job of turning things around on the field at the KCOM Stadium following relegation from the Championship last season.

Last night’s 2-2 draw with Sunderland has left Hull on the brink and needing just a single victory to secure their route back into the Championship from League One.

Naturally, the topic of what is next is cropping up for Hull supporters now, given the unhealthy relationship that’s bubbled away with Assem Allam recently.


Whilst Windass isn’t sure what the next step for the club will be, he feels it might come down to the ambition of the owner and if he sells the club.



Speaking exclusively to Football League World, Windass quizzed on what is next: “I don’t have a clue.

“It’s a situation where you’ve got to get automatic promotion over the line and then it’s a tough one because of the Chairman.

“I don’t know what the intentions of the Chairman are and I don’t think any Hull City fans do either.



https://footballleagueworld.co.uk/e...-as-hull-city-future-becomes-topic-of-debate/