American investment group ALK Capital completes Burnley takeover

Burnley said Thursday that American investment group ALK Capital has completed its takeover of the Premier League club. The north-west club said ALK Capital had bought an 84 per cent stake in the club, while its managing director Alan Pace has replaced Mike Garlick as the Burnley chairman. Garlick and another former shareholder, John Banaszkiewicz, will remain on the board as directors. “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 fin…

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