Premier League membership Burnley taken over by American buyers

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Burnley grew to become the newest Premier League membership to turn into owned by People when a takeover was accomplished Wednesday.

ALK Capital’s sports activities funding arm, Velocity Sports activities Companions, has purchased an 84% stake within the northwest English membership from British businessmen Mike Garlick and John Banaszkiewicz.

Burnley’s glory days got here way back — successful the English championship in 1921 and 1960 — however it’s taking part in its fifth straight season on the earth’s richest league.

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ALK managing associate Alan Tempo will substitute Garlick as chairman of the crew, which is predicated simply north of Manchester. He was beforehand CEO of Main League Soccer crew Actual Salt Lake. Garlick and Banaszkiewicz, will stay on the brand new board of administrators at Burnley.

Not like squads in the remainder of the league, Burnley largely has gamers from Britain and Eire slightly than the remainder of the world. Of the 13 gamers utilized by supervisor Sean Dyche in a 1-0 win over Sheffield United on Tuesday, solely Erik Pieters of the Netherlands is from exterior the British Isles.

However the change in possession may result in an enlargement of the membership’s scouting and switch community. In August, ALK invested in two London-based soccer know-how companies — AiScout and Participant LENS — that are concerned in knowledge analytics and predictive evaluation of gamers.

“Immediately marks a brand new period for Burnley,” Tempo stated, “as we turn into stewards of this historic soccer membership and construct on the spectacular work that Mike Garlick, Sean Dyche and everybody at Burnley has performed to make it a financially steady, established Premier League membership that could be a cornerstone of the area people.”

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Burnley is sixteenth within the 20-team standings, 5 factors above the relegation zone after 15 matches of the 38-game season.

“With a wealthy heritage, an excellent academy, and a passionate fan base, this membership has strong foundations to construct upon,” Tempo stated. “That is the beginning of an thrilling journey for the complete Clarets household.”

American buyers additionally personal Arsenal, Crystal Palace, Fulham, Liverpool and Manchester United.

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