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Burnley's £170million takeover is completed as ALK Capital purchase 84% stake

  /  autty

Burnley’s protracted takeover was finally completed on Wednesday night, with ALK Capital confirmed as the club’s new owners.

Incoming chairman Alan Pace is set to speak with manager Sean Dyche on Thursday after the American management firm concluded the deal in time for next month’s transfer window.

Sportsmail understands ALK purchased a controlling 84 per cent stake for around £170million.

Pace, 53, was formally managing director at Citi bank and chief executive of Real Salt Lake as they won the MLS Cup in 2009.

Former shareholders Mike Garlick and John Banaszkiewicz will remain as directors at Turf Moor to ensure a smooth transition in ownership.

Related: Burnley