Page 49 - Alan Pace News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Burnley takeover: ALK Capital completes deal by buying 84% controlling stake Last updated on Alan Pace passed the Premier League's owners and directors' test American investment group ALK Capital has completed its takeover of Burnley, buying an 84% stake in the Premier League club. ALK managing director Alan Pace has replaced Mike Garlick as chairman. However, Garlick - who sold his near 50% stake in the club - and fellow former shareholder John Banaszkiewicz will remain at Turf Moor as directors. "This marks a new era for Burnley as we become stewards of this historic football club," said P...

WHIZ News Premier League club Burnley taken over by American investors BURNLEY, England (AP) — Burnley became the latest Premier League club to become owned by Americans when a takeover was completed Wednesday. ALK Capital’s sports investment arm, Velocity Sports Partners, has bought an 84% stake in the northwest English club from British businessmen Mike Garlick and John Banaszkiewicz. Burnley’s glory days came long ago — winning the English championship in 1921 and 1960 — but it is playing its fifth straight season in the world’s richest league. ALK managing partner Alan Pace wi...

Burnley becomes latest Premier League club to be bought by Americans Published: Dec. 30, 2020 at 8:33 p.m. ET By ALK Capital’s sports investment arm takes 84% stake in English soccer club, currently sitting in 16th place Burnley's Ben Mee, center, celebrates with teammates after scoring a goal against Sheffield United on Tuesday. AFP/Getty Images Email icon Resize icon BURNLEY, England — Burnley became the latest Premier League club to become owned by Americans when a takeover was completed Wednesday. ALK Capital’s sports investment arm, Velocity Sports ...

ALK Capital on track to complete Burnley takeover on Thursday ALK Capital could complete their takeover of Burnley on Thursday. PA Sport says ALK's managing partner Alan Pace is in Lancashire putting the finishing touches to a deal that would see the Delaware-based group assume control of the Clarets. Final approval is still required from the Premier League before an announcement can be made but it is understood that the majority of the application has already been reviewed and no problems are anticipated. Mike Garlick, the long-standing Burnley chairman and owner of just under 50 per cent of...

BURNLEY Football Club is entering “a new era” after American sports and media investment company ALK Capital completed a £200million takeover. The deal, which has been approved and ratified by the Premier League, sees ALK Capital’s sports investment arm, Velocity Sports Partners, acquire an 84 per cent shareholding in the club. The firm’s managing partner Alan Pace will succeed Mike Garlick as club chairman. Throughout their history the Clarets have been run by local businessmen and Burnley fans. That is why ALK have felt it important to retain outgoing chairman Garlick and...