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Burnley's American takeover finalised | Press and Journal

Burnley's American takeover finalised | Press and Journal
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US Investors Acquire EPL Club Burnley

Channels Television
Updated December 31, 2020
Burnley’s Dutch defender Erik Pieters challenges Sheffield United’s English defender George Baldock during the English Premier League football match between Burnley and Sheffield United at Turf Moor in Burnley, north west England on December 29, 2020. Barrington Coombs / POOL / AFP

US investment group ALK Capital has completed its takeover of Burnley, acquiring a controlling 84 percent stake in the Premier League club, it was announced on Thursday.
Delaware-based ALK, which specialises in investments in the sport and media sectors, said its managing partner Alan Pace would take over from Mike Garlick as chairman.
Pace, the former president of Major League Soccer’s Real Salt Lake, said the move marked “the start of an exciting journey for the entire Clarets family”. ....

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American group seals takeover of Burnley, acquiring 84% stake

The deal should give Sean Dyche much-needed funds ahead of the January transfer window.
By Press Association
Thursday 31 Dec 2020, 9:37 AM
Dec 31st 2020, 9:37 AM
4,801 Views
5 Comments
Burnley s Robbie Brady (right) celebrates scoring a goal with team-mate Matt Lowton at Turf Moor.
Image: PA
Image: PA
AMERICAN INVESTORS ALK Capital have completed their takeover of Burnley, acquiring a controlling 84% stake in the Premier League club.
The company announced the completion of the deal, approved and ratified by the Premier League, in a statement released in the early hours of Thursday morning.
The Delaware-based ALK, which specialises in investments in the sport and media sectors, said its managing partner Alan Pace would take over from Mike Garlick as Clarets’ chairman. ....

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Burnley's new owners confirm they will back Dyche in transfer market

Date published: Thursday 31st December 2020 11:32 - Matthew Briggs
Burnley’s new American owners are “fully prepared” to back manager Sean Dyche, according to chairman Alan Pace.
ALK Capital have completed their takeover of the Clarets, acquiring a controlling 84 per cent stake in the club, after the deal was approved and ratified by the Premier League.
Pace, who succeeds Mike Garlick as chairman, revealed ALK had been “very, very big fans” of
Dyche “for some time” – and stand ready to give the green light to fresh investment in the squad during the January transfer window.
“The longevity and the stability of the management side has been something that has been very impactful from our prospective,” said Pace, the former chief executive of Major League Soccer’s Real Salt Lake. ....

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