In a statement released late on Thursday night, ALK Capital announced the completion of the contract, approved and ratified by the Premier League.
Delaware-based ALK specializes in investments in the sports and media industries. Its managing partner, Alan Pace, will take over as chairman of Clarets from Mike Garlick. “Garlick, alongside former shareholder John Banaszkiewicz, will remain on ALK Capital’s new board of directors at Burnley, ensuring a smooth transition to new ownership and providing valuable knowledge from his eight-year tenure as club chairman,” the statement said.
“This successful period has seen two promotions to the Premier League, development of the Barnfield Training Centre, and European football at Turf Moor for the first time in more than half a century.” After Tuesday night’s victory over Sheffield United, Dyche insisted he had no idea of the offer.
But it is known that movements were already underway by the new ownership to get him up to speed on their future plans for Burnley. Back in August, ALK invested in two London-based football technology firms – AiScout and Player LENS. Both companies are involved in data analytics and predictive assessment of players.
