There are new owners at Burnley Football Club with ALK Capital having completed their takeover.
The US investors hold a controlling 84 percent stake at Turf Moor. The firm’s managing director Alan Pace has taken over from Mike Garlick as chairman.
Former shareholders Mr Garlick and John Banaskiewicz will remain at the Clarets as directors.
The takeover was completed through ALK’s sports investment arm, Velocity Sports Media
Burnley become the sixth Premier League club to now be under American ownership, The others are Arsenal, Crystal Palace, Fulham, Liverpool and Manchester United.
SAKA, ANTONY AND 10 PREMIER LEAGUE STARS HEADING TO THEIR FIRST WORLD CUP
Mr Pace is a British-American national who was previously chief executive at MLS side Real Salt Lake.
In a statement confirming the takeover, the Lancashire club says that earlier this year ALK invested in two London-based football technology firms – AiScout and Player LENS.
Why new Burnley owners may sound familiar at Sheffield United
If this is ringing a few bells for Blades fans, it’s because ALK almost became the new owners at Bramall Lane in 2019.
Had Kevin McCabe won the legal battle for ownership of United, then he would have sold them to the American investors.
Mr McCabe agreed a deal with Mr Pace and Dave Checketts to takeover the Blades.
Yet everything hinged on the former United owner and chairman winning the High Court battle with Prince Abdullah.
But he lost.
The Saudi prince was given sole control of the South Yorkshire club in September 2019. Mr McCabe was told to sell his 50 percent stake to Prince Abdullah for £5m.
Interest remained from ALK in the Blades. Yet Prince Abdullah made it clear he had no intention of selling and they moved on.
Now they have finally found their Premier League club with their takeover at the Clarets.
