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Burnley face EFL investigation over claims that club's American ownership are not actually in charge

EXCLUSIVE: Burnley faces EFL investigation over claims that the club’s US ownership is not actually in charge… with a Jersey financial institution said to be the real owners

  • Burnley faces an EFL investigation into the identity of the club’s property
  • American consortium ALK Capital bought the club in 2020
  • The EFL is investigating claims that the property is actually located in Jersey
  • Burnley stated that ALK are unequivocally the real owners of the Championship club

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Burnley faces an EFL investigation into the club’s ownership amid uncertainty and lack of transparency over who is in charge of Turf Moor.

The US consortium ALK Capital paid £170million two years ago to buy Burnley in a high-leverage takeover, funded largely by debt and the club’s own money, but authorities have since received information suggesting that the ultimate owners are a other financial entity in Jersey.

The Premier League began making inquiries last season and the matter has been turned over to the EFL following the club’s relegation. The EFL is said to have asked Burnley to clarify certain aspects of their ownership, in particular regarding their alleged links to institutions in Jersey.

Burnley faces EFL investigation over claims of lack of transparency over club ownership

Burnley faces EFL investigation over claims of lack of transparency over club ownership

Alan Pace was installed as chairman after ALK Capital bought the club in 2020

Alan Pace was installed as chairman after ALK Capital bought the club in 2020

Alan Pace was installed as chairman after ALK Capital bought the club in 2020

Burnley’s Championship rivals were made aware of the matter, which was discussed at an EFL meeting yesterday. ALK Capital is registered at an address in Leeds, with all three directors registered in Delaware.

Burnley’s financial arrangements have come under scrutiny since the acquisition of ALK, which was led by US financier Alan Pace, who is chairman.

The deal was financed by borrowing £37 million from the club’s own bank account and a £65 million loan from MSD Holdings, and in February Burnley took out a £12.5 million bridging loan from Australian bank Macquarie, which they will refund when they receive the second installment. of the £25 million fee for Chris Wood’s transfer to Newcastle.

Burnley will receive 12.5 million from Newcastle in January as part of deal for Chris Wood

Burnley will receive 12.5 million from Newcastle in January as part of deal for Chris Wood

Burnley will receive 12.5 million from Newcastle in January as part of deal for Chris Wood

Much of the debt has been repaid, with Sportsmail revealing last month that Burnley spent £32.3m this summer to pay off nearly half of the MSD loan due to an early repayment penalty caused by downgrade.

Burnley sources told Sportsmail on Thursday evening that ALK are unequivocally the owners of the club and that they have not yet received any inquiries from the EFL.

The Premier League and EFL declined to comment.

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