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The extended sale of Burnley to US investors ALK Capital has been agreed in principle and is expected to be completed within the next 48 hours.
More than six months of negotiations were expected to have been concluded in time to announce the deal before Tuesday’s home game against Sheffield United.
However, several last minute setbacks have delayed the announcement.
ALK Managing Director Alan Pace was expected to attend Turf Moor on Tuesday to watch Burnley’s crucial game against United, the club he came close to buying less than two years ago.
Instead, the acquisition will be announced in the coming days, and Pace reportedly passed the Premier League owners and directors test.
The imminent acquisition, which will be announced before the January transfer window opens, is positive news for Burnley manager Sean Dyche, who has not had a significant investment in his team for several windows.
Earlier this month, a consortium led by Egyptian businessman Mohamed El Kashashy and lawyer Chris Farnell withdrew from the talks to buy Burnley.
The consortium had been in negotiations with Burnley chairman Mike Garlick for 14 months and a £ 200 million deal appeared to be close to being completed in October.
However, El Kashashy and Farnell ended their interest in the Lancashire club in December, after a six-week period of no contact between the two parties.
Source: m.allfootballapp.com
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