Apologies I had not seen previous thread.
BBC sport website report Premier league has approved the takeover of the club by American buyers. Anyone have any further ifo on the validity of this and how long before it happen. I.e enough time to save or season and league status by being able to sign and retain players.
Apologies I had not seen previous thread.
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Burnley are on the verge of being taken over by an American sports investment company in a £200million deal, according to reports.
https://talksport.com/football/79916...eover-burnley/
Thank you Norder for the providing the link
Cheers Norder,it's old news though.That was in the news two weeks ago.
Matt Lawton, Chief Sports Correspondent The Times Thursday December 03 2020, 12.01am
An American sports investment company is close to completing the takeover of Burnley with the Premier League set to approve the £200 million deal.
ALK Capital, which is fronted by Alan Pace, the former president of Major League Soccer franchise Real Salt Lake, has faced direct competition from the rival bid of the Egyptian entrepreneur Mohamed Sayed Zein El Kashashy and the sports lawyer Chris Farnell.
The Times understands the Premier League is scrutinising both offers, with sources claiming the Americans are now the firm favourites to complete the deal “imminently”.
At one stage it did seem that El Kashashy and Farnell were in pole position, having signed a sales and purchase agreement and provided proof of funding. The only matter to be resolved was the outcome of the Premier League’s owners’ and directors’ test.
But the Premier League has been slow to complete that process, with the delay thought to have been caused by the subsequent offer from ALK for the 49 per cent stake belonging to the Burnley chairman Mike Garlick and John Banaszkiewicz’s 28 per cent share.
Insiders believe a deal will be completed in time for the January transfer window, when the manager Sean Dyche will be keen to add quality to a squad second from bottom in the table.
Burnley made only one significant addition to their first-team squad in the summer with Dale Stephens, the central midfielder, joining for £1 million from Brighton & Hove Albion.