Burnley’s new owners pledge to back Sean Dyche

ALK Capital have completed their takeover of the Clarets, acquiring a controlling 84 per cent stake in the club, after the deal was approved and ratified by the Premier League.

Pace, who succeeds Mike Garlick as chairman, revealed ALK had been “very, very big fans” of Dyche “for some time” – and stand ready to give the green light to fresh investment in the squad during the January transfer window.

Garlick, who had held just less than 50 per cent of the club’s shares, will remain on the board of directors and felt the deal represented a “natural progression” for Burnley.

Commenting on the possibility of adding to his injury-reduced squad, and speaking before confirmation of ALK’s completed takeover, manager Sean Dyche had been somewhat cautious.

“If there are things in the market we think we can align, we will,” he said. “If there’s not, we’ll keep operating with the group we’ve got.”

Future sustainability of Burnley at the heart of Clarets takeover talks

The Clarets are reportedly in talks with Egyptian businessman Mohamed El Kashashy and lawyer Chris Farnell, while American consortium ALK Capital have also been linked with a takeover at Turf Moor.

Manager Sean Dyche has made clear his frustration with the lack of investment in the playing squad over recent seasons but the club sought to reassure supporters over their plans.

A statement on burnleyfootballclub.com read:

“Regarding various comments in the media, Burnley Football Club confirms that the club’s ownership remain in discussions with interested parties regarding future investment in the club.

“In full respect of ongoing processes, the club will not be providing any further commentary on this matter until those discussions have reached a conclusion.

“The club wishes to assure supporters and the local community that the future of Burnley Football Club remains the primary concern in these issues, with any potential investment needing to support the club’s long-term sustainability and retain its position as a cornerstone of the local community.”

Burnley have made a poor start to the Premier League season and remain without a win after seven games.