American investment group ALK Capital has completed its takeover of Burnley, buying an 84 per cent stake in the Premier League club. “This marks a new era for Burnley as we become stewards of this historic football club,” said Pace. They are 16th in the Premier League, five points above the relegation zone, and host 18th-placed Fulham in a key match on Sunday. “This investment represents a natural progression for Burnley,” said Garlick, who took over as sole chairman in 2015 after Banaszkiewicz stepped down from their dual role. “My tenure as chairman has always been about ensuring Burnley is a sustainable football club and this investment provides a long-term plan to maintain that philosophy, while driving evolution and innovation.”

Source: The Star December 31, 2020 21:00 UTC