\title{An algebraic model for chains on $\Omega BG\phat$} \author{Dave Benson} \address{Department of Mathematics, University of Aberdeen, Aberdeen AB24 3UE} \begin{abstract} We provide an interpretation of the homology of the loop space on the $p$-completion of the classifying space of a finite group in terms of representation theory, and demonstrate how to compute it. We then give the following reformulation. If $f$ is an idempotent in $kG$ such that $f.kG$ is the projective cover of the trivial module $k$, and $e=1-f$, then we exhibit isomorphisms for $n\ge 2$: \begin{align*} H_n(\Omega BG\phat;k) &\cong \Tor_{n-1}^{e.kG.e}(kG.e,e.kG) \\ H^n(\Omega BG\phat;k) &\cong \Ext^{n-1}_{e.kG.e}(e.kG,e.kG). \end{align*} Further algebraic structure is examined, such as products and coproducts, restriction and Steenrod operations. \end{abstract}