O'Hare bids (3 Viewers)

better days · Jul 22, 2022

Skybluebeliever said:
Also the buying club needs to have good financial strength , I’m unsure if Burnley can demonstrate this

I think that's probably the crux of it SBB
I'd heard the lad had permission to go to talk to Burnley so outline terms are likely to have been agreed between the clubs
But you're right that the whole of football distrusts Burnley's new owners so we quite rightly don't want to agree payment by installments with a club that is not on a sound financial footing
I think it was Bolton who bought a player from FGR who had to go back there when Bolton didn't make the promised payments by the agreed date(s)

David O'Day · Jul 22, 2022

better days said:
I think that's probably the crux of it SBB
I'd heard the lad had permission to go to talk to Burnley so outline terms are likely to have been agreed between the clubs
But you're right that the whole of football distrusts Burnley's new owners so we quite rightly don't want to agree payment by installments with a club that is not on a sound financial footing
I think it was Bolton who bought a player from FGR who had to go back there when Bolton didn't make the promised payments by the agreed date(s)

yeah Christian Doidge

Frostie · Jul 22, 2022

robbiekeane said:
It’s really quite easy I don’t know what you’re struggling with.

if we are selling him - we have no ambition and the model is broken and we will never get anywhere

if we are not selling him - boddy is incompetent and we can’t get what we want for him

Also...

Boddy is a puppet Sisu yes man with no say in anything.
Or he personally negotiates all our transfer fees, contract extensions, salaries etc.

Depending which suits the point trying to be made.

Tea & Busquets · Jul 22, 2022

potential gyok replacement?

AOM · Jul 22, 2022

Sick Boy said:
The celebratory mood is a little too soon, there’s still weeks left of the window and if it’s true we’re not in a position to not sell, we could end up selling an important player for a cut price at the end of the window.

Be very surprised if we get into September and still have all 3 of our best players

The Philosopher · Jul 22, 2022

SISU have now been around long enough to be able to make sensible financial decisions.

My take:

Ranson brought them in, they “invested” say, 10m on players like Westwood, Eastwood etc.

They had these players in their balance sheets as assets but didn’t understand the Bosman rule.

Westwood’s departure made them see that their balance sheet was unsound so they panicked and sold Best and others, outed Ranson, got Ken in and signed up Bell on long term contracts to (in their minds) balance their balance sheets. To fill the black hole they decided to try to get the Ricoh on the cheap so that they could revalue to balance the black hole.

The rest was history and dark.

Now, they’ve twigged that by extending contracts at the right time they can control player value better.

Hamer and O’Hare etc have a higher probability of being worth more in January if they play well, and if there’s a chance of going up then that has an ever greater financial incentive to retain and push on.

Wyken Sky Blue · Jul 22, 2022

Well, well done Boddy for keeping firm with the valuation of O'Hare and not backing down!

There's still a months worth of transfer window yet so not getting hopes up but historically O'Hare would have gone now and less than our valuation of him!

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Paxman II · Jul 22, 2022

It's true the window is not closed for a while yet, but then again teams need to get ready with the squads they have now. Concentration should now be on the season ahead which is very shortly due to start.
If burnley are having a mare early doors they might re-consider bidding again of course. If they start well, then the emphasis to bid again will drain away.
Conversely if we are doing well we will not be in a mood for selling unless it was a ridiculously high offer. If we are doing badly, any team including Burnley may think they dodged a bullet.
Football clubs have targets and if you miss out on one then you tend to look at another of your targets. I hope that is what Burnley will now do.

Colin Steins Smile · Jul 22, 2022

better days said:
I think that's probably the crux of it SBB
I'd heard the lad had permission to go to talk to Burnley so outline terms are likely to have been agreed between the clubs
But you're right that the whole of football distrusts Burnley's new owners so we quite rightly don't want to agree payment by installments with a club that is not on a sound financial footing
I think it was Bolton who bought a player from FGR who had to go back there when Bolton didn't make the promised payments by the agreed date(s)

There are a number of issues that the club would have considered when dealing with Burnley:

1. The owners have a clause in the agreement to buy Burnley that in the event of relegation they will be paid fees. This year it is reported to be £15M.
2. They have a very high wage bill that even after implementing relegation clauses.....and there is a suggestion that the centre forward that joined last season and has now been loaned abroad refused that clause in his contract. Hence, they desperately need to offload some high earning players.
3. Burnley was bought using a leverage scheme that means the money to buy the club was transferred to the club as a debt. Hence, the club are paying significant interest on that debt. Also when they come to refinance the debt, the interest rate will be higher.

In summary, if they don't get promoted next season ......they could be in serious trouble financially.

KenilworthSkyBlue · Jul 22, 2022

Colin Steins Smile said:
There are a number of issues that the club would have considered when dealing with Burnley:

1. The owners have a clause in the agreement to buy Burnley that in the event of relegation they will be paid fees. This year it is reported to be £15M.
2. They have a very high wage bill that even after implementing relegation clauses.....and there is a suggestion that the centre forward that joined last season and has now been loaned abroad refused that clause in his contract. Hence, they desperately need to offload some high earning players.
3. Burnley was bought using a leverage scheme that means the money to buy the club was transferred to the club as a debt. Hence, the club are paying significant interest on that debt. Also when they come to refinance the debt, the interest rate will be higher.

In summary, if they don't get promoted next season ......they could be in serious trouble financially.

Yeah I think the transfer fees received this year will probably only get them so far as well.

Instalments are likely still due on Cornet, Collins and Weghorst and 20% of the profit on Nick Pope's fee is to be paid to Charlton as part of a sell-on clause.

They also owe £12.5m in the form of a loan which was effectively an advancement on the Chris Wood instalment which is due for repayment in February next year.

As you say they're due to pay £15m of the reported £65m loan to MSD, which also has a near 10% annual interest rate attached to it.

Beyond this season I'm not really sure what the outcome is going to be if they fail at achieving promotion.

RegTheDonk · Jul 22, 2022

Well, I must say this news has cheered me up this morning and tacking the hedge this weekend won't seem such a chore.

I get we have to sell someone at some point, but I'm glad for now we are hanging on. I expect we're waiting for a decent fee but, speculating massively, woldn't it be great to see if we can get to Jan and see how we stand.

RegTheDonk · Jul 22, 2022

Terry Gibson's perm said:
The Burnley fans on Twitter are going to explode at that idea.

I don't get why they won't cough up, Matts said they were a big club?

Speedie's Head · Jul 22, 2022

AOM said:
Be very surprised if we get into September and still have all 3 of our best players

That's the sad truth of it. Fantastic news for now but it's probably not so good for the club that there hasn't been stronger interest in our top players - so far.

steve cooper · Jul 22, 2022

Speedie's Head said:
That's the sad truth of it. Fantastic news for now but it's probably not so good for the club that there hasn't been stronger interest in our top players - so far.

Most of the deals get done late in the window.

What time do deals get done on Transfer Deadline Day?

We've taken a look at what time deals usually get done on Transfer Deadline Day

www.mylondon.news

COVKIDSNEVERQUIT · Jul 22, 2022

Deity said:
Why do people bite with Grendel. He’s a wind up merchant.

oldfiver · Jul 22, 2022

Paxman II said:
TBF I think what he was refering to in his interview was going to a bigger club in the sense they have just left the premier league. He went on to mention a big league. He cleary feels his chances of a higher degree of success is with Burnley this season. Many would agree with that if I'm honest. However it could just as easily be a mistake. He is a big miss to our team, but there are other good players we may yet attract. Adaramola for instance looks likely to be coming in after hearing what Robin's said the other day. Defensively that would be better than Maatsen tbh and strengthen us somewhat. Bidwell will be the reserve though he has been consistent and improved with us over time.

Grendel said:
weve already took the short term loan out - we clearly want a sale but want the sake to be an upfront financial payment

Did you actually write this G ? are you ok?

Grendel · Jul 22, 2022

oldfiver said:
Did you actually write this G ? are you ok?

Im sorry? What on earth also has Paxman got to do with anything?

oldfiver · Jul 22, 2022

Grendel said:
Im sorry? What on earth also has Paxman got to do with anything?

I meant your quote - it looks written when not with it

Grendel · Jul 22, 2022

oldfiver said:
I meant your quote - it looks written when not with it

There’s one spelling error - seems fairly straightforward in its meaning to me

oldfiver · Jul 22, 2022

Grendel said:
There’s one spelling error - seems fairly straightforward in its meaning to me

Not up to your normal erudite standard

"Weve already took..."

Which short term loan you on about?

larry_david · Jul 22, 2022

Someone on twitter with 45 followers claiming Fulham now offering up to 13 Mill for o hare.

PUSB-We_are_going_up · Jul 22, 2022

larry_david said:
Someone on twitter with 45 followers claiming Fulham now offering up to 13 Mill for o hare.

@mr_monkey panic button ready for twitter?

oldfiver · Jul 22, 2022

larry_david said:
Someone on twitter with 45 followers claiming Fulham now offering up to 13 Mill for o hare.

Good business by Boddy?

Earlsdon_Skyblue1 · Jul 22, 2022

oldfiver said:
Good business by Boddy?

Boddy set up the Twitter account!

CCFCSteve · Jul 22, 2022

Earlsdon_Skyblue1 said:
Boddy set up the Twitter account!

or Greggs

Evo1883 · Jul 22, 2022

Earlsdon_Skyblue1 said:
Boddy set up the Twitter account!

Would have been mentioned no doubt

Frostie · Jul 22, 2022

KenilworthSkyBlue said:
Yeah I think the transfer fees received this year will probably only get them so far as well.

Instalments are likely still due on Cornet, Collins and Weghorst and 20% of the profit on Nick Pope's fee is to be paid to Charlton as part of a sell-on clause.

They also owe £12.5m in the form of a loan which was effectively an advancement on the Chris Wood instalment which is due for repayment in February next year.

As you say they're due to pay £15m of the reported £65m loan to MSD, which also has a near 10% annual interest rate attached to it.

Beyond this season I'm not really sure what the outcome is going to be if they fail at achieving promotion.

Colin Steins Smile · Jul 22, 2022

KenilworthSkyBlue said:
Yeah I think the transfer fees received this year will probably only get them so far as well.

Instalments are likely still due on Cornet, Collins and Weghorst and 20% of the profit on Nick Pope's fee is to be paid to Charlton as part of a sell-on clause.

They also owe £12.5m in the form of a loan which was effectively an advancement on the Chris Wood instalment which is due for repayment in February next year.

As you say they're due to pay £15m of the reported £65m loan to MSD, which also has a near 10% annual interest rate attached to it.

Beyond this season I'm not really sure what the outcome is going to be if they fail at achieving promotion.

This story is fast moving for Burnley. They’ve just taken the next three instalments on Popes transfer fee from MacCrorie Bank, which is the equivalent of a payday loan.
Today, they’ve pulled out of a transfer for an Anderlecht player and the remainder of the £65m loan is payable at circa 10%.
If they don’t get straight back to the PL … life could get very “interesting “ for them

fernandopartridge · Jul 22, 2022

Colin Steins Smile said:
This story is fast moving for Burnley. They’ve just taken the next three instalments on Popes transfer fee from MacCrorie Bank, which is the equivalent of a payday loan.
Today, they’ve pulled out of a transfer for an Anderlecht player and the remainder of the £65m loan is payable at circa 10%.
If they don’t get straight back to the PL … life could get very “interesting “ for them

It is mental that they couldn't convince one of the wealthiest clubs in the world to pay the fee upfront, instead pushing themselves into more debt

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Bugsy · Jul 22, 2022

Talking about Burnley, they have just signed another Man City player

oldfiver · Jul 22, 2022

Colin Steins Smile said:
This story is fast moving for Burnley. They’ve just taken the next three instalments on Popes transfer fee from MacCrorie Bank, which is the equivalent of a payday loan.
Today, they’ve pulled out of a transfer for an Anderlecht player and the remainder of the £65m loan is payable at circa 10%.
If they don’t get straight back to the PL … life could get very “interesting “ for them

Macquarie

Australian bank of last resort?

better days · Jul 22, 2022

oldfiver said:
Macquarie

Australian bank of last resort?

Reptiles

blunted · Jul 22, 2022

larry_david said:
Someone on twitter with 45 followers claiming Fulham now offering up to 13 Mill for o hare.

I have just seen the pig flying past my window.

Skybluebeliever · Jul 22, 2022

Frostie said:

This is quite normal within most transfers now and highlights the main concern with the deal

Hutch11 · Jul 22, 2022

Someone on twitter with 45 followers claiming Fulham now offering up to 13 Mill for o hare.

@Greggs ?

O'Hare bids (3 Viewers)

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