American investors ALK Capital complete takeover of Burnley
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." A...










