Burnley have been taken over by Americans

they funded the purchased by getting a secured loan against the club with high interest. If they don't go up next season, they will be heading for financial disaster.

Posted By: ingi on May 31st 2022 at 13:47:32

Message Thread

Athletic reckons yank wants Foulger’s 18 per cent. Shame. Was hoping for a takeover (n/m) (NCFC) - thirsty work, May 31, 13:32:56
- major share-holders, I think (NCFC) - Henclrikus, May 31, 15:34:09
- Burnley have been taken over by Americans (NCFC) - ingi, May 31, 13:47:32
  - Good thing is, Delia would never agree to a deal like that (n/m) (NCFC) - SimonOTBC, May 31, 14:01:01
  - Yes, and no-one wants that (n/m) (NCFC) - jamesward, May 31, 13:48:57
- Can someone who understands investment tell me how this is (NCFC) - jamesward, May 31, 13:36:20
  - I suppose they get a foot in the door and place on the board but (NCFC) - Jim, May 31, 14:13:05
    - there are holes in the story (NCFC) - Henclrikus, May 31, 14:49:06
      - I agree. I'd assume they are negotiating an option to buy more shares in the future (NCFC) - Jim, May 31, 14:54:55
      - someone should probably look at how he has co-invested in the other sports team he owns (NCFC) - CWC, May 31, 14:54:39
        
        They bought the Mudcats in 2017. GIYLF (n/m) (NCFC) - Henclrikus, May 31, 14:58:48
        
        the Admirals, the hockey team he co-owns with others (NCFC) - CWC, May 31, 15:12:49
        
        Attanasio is not the "principal investor" of the Admirals (n/m) (NCFC) - Henclrikus, May 31, 15:57:42
        
        exacta-fucking-mundo (NCFC) - CWC, May 31, 18:08:53
        
        I doubt he will act the same as a secondary-investor (NCFC) - Henclrikus, May 31, 19:44:44
      - Good points (NCFC) - jamesward, May 31, 14:53:12
    - Irritating isn’t it I mean she’s 80 now hopefully a coordinated hand over period (n/m) (NCFC) - loz, May 31, 14:39:20
  - And then don't we move in to 'power struggle' territory? (NCFC) - norwaay, May 31, 13:47:14
    - I guess it all depends on the discussions that are taking place (NCFC) - jamesward, May 31, 13:51:30
      - I would think they are testing the water a bit (NCFC) - SimonOTBC, May 31, 14:04:23
        
        Lets be honest though, they won't be "testing the water" out of choice. (NCFC) - Jim, May 31, 14:31:53
        
        will be choice as they don't have to buy a minority stake (NCFC) - CWC, May 31, 14:38:54
        
        I can't even see any guarantee that he'd get his money back easily if he wanted to sell (NCFC) - SimonOTBC, May 31, 14:40:31
        
        me neither (NCFC) - CWC, May 31, 14:48:48
        
        Foulgers stake prob not worth a huge amount thouugh is it. Porbably only costing them (NCFC) - Jim, May 31, 14:53:47
        
        18% will cost a lot more than £2m surely (NCFC) - jamesward, May 31, 14:57:46
        
        It’s a minority stake though. (n/m) (NCFC) - Jim, May 31, 15:24:15
        
        And he may well need the cash for all we know (n/m) (NCFC) - Jim, May 31, 15:24:56
        
        Well that's a big question (NCFC) - camcan, May 31, 15:10:15
        
        I believe the club last valued them at £100 each (n/m) (NCFC) - Henclrikus, May 31, 15:44:47
        
        I think we all agree on that. Can't see why you would bother to acquire a (NCFC) - Jim, May 31, 14:44:13
        
        I don't think that's necessarily right (NCFC) - SimonOTBC, May 31, 14:35:03
        
        Yes, though any new share issue would almost certainly dilute D&M's share to (NCFC) - jamesward, May 31, 14:07:55
        
        Which is depressing. The owners just won’t let go. (n/m) (NCFC) - Jim, May 31, 14:17:37
        
        Would we really want them to sell to any tom, dick or harry? (n/m) (NCFC) - SimonOTBC, May 31, 14:18:38
        
        Well no but if it’s in the club interest and nothing to suggest… (NCFC) - loz, May 31, 15:11:03
        
        If they aren't chancers, they might be willing to prove that.... (NCFC) - SimonOTBC, May 31, 16:30:05
        
        That's where I thought we were looking at (NCFC) - camcan, May 31, 14:14:43
        
        It would, but unless they're going to put some cash in themselves.... (NCFC) - SimonOTBC, May 31, 14:12:13
      - Indeed. It feels like there is a direction to all of this. (n/m) (NCFC) - norwaay, May 31, 13:53:24
        
        It just doesn't feel very typical though (NCFC) - camcan, May 31, 14:13:34
        
        Yes, for me that wouldn't satisfy the Webber surprised and excited requirement (NCFC) - SimonOTBC, May 31, 14:16:06
        
        we've had the surprise (an investor!) and we've had the excitement (the speculation)) (n/m) (NCFC) - CWC, May 31, 14:41:15
        
        A "surprise" would be D&M either selling up or diluting their shareholding (NCFC) - jamesward, May 31, 14:19:01
        
        unless foulger donates the proceeds to the club (NCFC) - CWC, May 31, 14:42:55
        
        What has he paid for it? (NCFC) - SimonOTBC, May 31, 14:44:25
        
        £2 million in 2010/11 (80,000 shares @ £25 each) (n/m) (NCFC) - Henclrikus, May 31, 16:04:32
        
        Thanks (n/m) (NCFC) - SimonOTBC, May 31, 16:35:41
        
        dunno (NCFC) - CWC, May 31, 14:53:07
        
        Yeah, agree (NCFC) - SimonOTBC, May 31, 14:20:46
        
        Also, if I were the investor, I'd be nervous about how I'd get my money back (NCFC) - SimonOTBC, May 31, 14:18:02
        
        Yes, there needs to be a point to all this. (n/m) (NCFC) - norwaay, May 31, 14:14:48

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