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ALK Capital completes Burnley takover

American investment firm ALK Capital has completed the takeover of English Premier League side, Burnley, after buying an 84% stake.

Alan Pace, ALK managing director will now replace Mike Garlick as the Clarets‘ chairman.

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However, Garlick and fellow shareholder John Banaszkiewicz will remain as club directors.

A statement from the American group read;

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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.

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Pace said the takeover markes “the start of an exciting journey for the entire Clarets family”.

Today marks a new era for Burnley as we become stewards of this historic football club and build on the impressive work that Mike Garlick, (manager) Sean Dyche and everyone at Burnley has done to make it a financially stable, established Premier League club that is a cornerstone of the local community,” Pace said.

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With a rich heritage, a brilliant academy, and a passionate fan base, this club has solid foundations to build upon.”

Burnley sit 16th in the Premier League, five points above the relegation zone, and will play to host 18th-placed Fulham in a key match on Sunday.

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Kayson Papa Nketsiah Jr

He aims to create something brilliant daily. Eager to learn more. He uses his free time to get better at what interests him, whether it's entertainment, gaming, or even something entirely new

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