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Premier League club Burnley taken over by American investors
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SOCCER NEWS:
Premier League club Burnley taken control of by American financiers

BURNLEY, England (AP) – Burnley ended up being the current Premier League club to end up being owned by Americans when a takeover was finished Wednesday.

ALK Capital’s sports financial investment arm, Speed Sports Partners, has actually purchased an 84% stake in the northwest English club from British entrepreneurs Mike Garlick and John Banaszkiewicz.

Burnley’s splendor days came long back – winning the English champion in 1921 and 1960 – however it is playing its 5th straight season on the planet’s wealthiest league.

ALK handling partner Alan Speed will change Garlick as chairman of the group, which is based simply north of Manchester. He was formerly CEO of Big league Soccer group Genuine Salt Lake. Garlick and Banaszkiewicz, will stay on the brand-new board of directors at Burnley.

Unlike teams in the remainder of the league, Burnley mainly has gamers from Britain and Ireland instead of the remainder of the world. Of the 13 gamers utilized by supervisor Sean Dyche in a 1-0 win over Sheffield United on Tuesday, just Erik Pieters of the Netherlands is from outside the British Isles.

However the modification in ownership might cause a growth of the club’s hunting and move network. In August, ALK purchased 2 London-based football innovation companies – AiScout and Gamer LENS – which are associated with information analytics and predictive evaluation of gamers.

“Today marks a new era for Burnley,” Speed stated, “as we become stewards of this historic football club and build on the impressive work that Mike Garlick, Sean Dyche and everyone at Burnley has done to make it a financially stable, established Premier League club that is a cornerstone of the local community.”

Burnley is 16th in the 20-team standings, 5 points above the transfer zone after 15 matches of the 38-game season.

“With a rich heritage, a brilliant academy, and a passionate fan base, this club has solid foundations to build upon,” Speed stated. “This is the start of an exciting journey for the entire Clarets family.”

American financiers likewise own Toolbox, Crystal Palace, Fulham, Liverpool and Manchester United.

___

More AP soccer: https://apnews.com/Soccer and https://twitter.com/AP_Sports

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Copyright © 2020 The Washington Times, LLC.

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SOCCER NEWS: Premier League club Burnley taken control of by American financiers

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