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ALK Capital Takeover Burnley Football Club

BURNLEY FOOTBALL CLUB CONFIRM THE TAKEOVER HAS NOW BEEN COMPLETED AND HAVE ISSUED THE FOLLOWING STATEMENT…

Burnley Football Club confirms that Velocity Sports Partners (VSP), the sports investment arm of US management firm ALK Capital, acquires majority shareholding in the club.
VSP now holds a controlling 84% stake in the club, with the investment signalling a new era for the Clarets, building on the club’s history and recent successes.
Former shareholders Mike Garlick and John Banaszkiewicz to remain at Turf Moor as directors, working in partnership with new Chairman Alan Pace.
The Trust hold 176 shares in the Club and thank the former Board for the achievements of the Club in the Premier League in recent years and recognises that this record has been envied by many big City Clubs.
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