US investors complete takeover of Premier League team Burnley

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London (AFP)

US investment group ALK Capital has finalized its buyout of Burnley, acquiring an 84% controlling stake in the Premier League club, it was announced on Thursday.

Delaware-based ALK, which specializes in investments in the sports and media sectors, said its managing partner Alan Pace will succeed Mike Garlick as chairman.

Pace, the former Real Salt Lake president of Major League Soccer, said the move marked “the start of an exciting journey for the entire Clarets family.”

“With a rich heritage, a brilliant academy and a passionate fan base, this club has a solid foundation to build on,” he said in a statement posted on the club’s website.

Garlick, who owned just under 50% of the club’s shares, will remain on the new board of ALK Capital in Burnley.

He said the deal represented a “natural progression” for the club, which is in its fifth consecutive season in the England top flight.

“Together with Alan Pace and his team, we welcome committed investors to Turf Moor who will live here in the local community and invest in the club, both on and off the football field, for many years to come,” he said. -he declares.

One of ALK’s first priorities will likely be a meeting with Dyche, who can look forward to further financial support during the January transfer window.

The manager said after Tuesday’s win over Sheffield United that he had no knowledge of the deal, but it is understood that steps were already underway by the new owner to make him aware of their plans.

One of the results of the change in ownership could be an expansion of the club’s international tracing and transfer network.

Commenting on the likelihood of adding to his injury-reduced squad on Tuesday in the coming weeks, Dyche offered a cautious approach.

“If there are things in the market that we think we can align, we will. Otherwise we will continue to work with the group we have, ”said the director, who has run Turf Moor since 2012.

Burnley is 16th in the Premier League, five points above the relegation zone, and welcomes Fulham, 18th on Sunday.

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