BURNLEY TAKEOVER SET TO BE FINALISED

BURNLEY TAKEOVER SET TO BE FINALISED

Burnley’s takeover by American investors ALK Capital is set to be finalised and could be completed as early as Thursday, according to the Press Association.

ALK’s managing partner Alan Pace is in Lancashire putting the finishing touches to a deal that would see the Delaware-based group assume control of the Clarets.

Final approval is still required from the Premier League before an announcement can be made but it is understood that the majority of the application has already been reviewed and no problems are anticipated.

Mike Garlick, the long-standing Burnley chairman and owner of just under 50 per cent of the club’s shares, is set to stay on in a yet-to-be-confirmed role behind the scenes with Pace eager to oversee a smooth transition rather than a radical revamp at Turf Moor.

As such, ALK’s next priority is a sit down with manager Sean Dyche, who can expect fresh support in the January transfer window.

What’s the angle for the Yanks, where’s the profit for them?