ALK closes in on £120m deal for Premier League Burnley
December 30 – A sixth Premier League club could come under US ownership this week with reports that ALK Capital are on the verge of completing their £120 million deal for Burnley.
ALK looks to have beaten off a rival deal for the club involving Cheshire-based lawyer Chris Farnell and Egyptian businessman Mohamed El Kashashy.
ALK’s managing director Alan Pace has passed the Premier League’s owners and directors’ test and is currently in the North West to conclude the deal with Burnley chairman Mike Garlick who holds a near 50% stake in the club.
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