US finance group ALK Capital closes in on Burnley takeover

  • Buyout of club’s two major shareholders near completion
  • Sean Dyche waits to see if deal will lead to transfer boost

The US finance group ALK Capital is expected to complete its takeover of Burnley imminently in a buyout of the club’s two major shareholders which will give the company a near 90% holding.

Richard Garlick, the Burnley chairman, has a 49% share, and the former co-chairman and now director John Banaszkiewicz 28%, with the sale of each of these understood to be close to completion.

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