According to Sky Sports, American investors ALK Capital are set to complete their takeover of Burnley within the next 48 hours having been reportedly negotiating a deal for the last six months.
The news will be music to the ears of those at Turf Moor, who could finally see some progress in the transfer market with some much-needed reinforcements alongside the new-found financial support behind them.
The door for the takeover was left wide open when a consortium led by Egyptian businessman Mohamed El Kashashy and solicitor Chris Farnell, pulled out of negotiations to buy the club.
Burnley Takeover to Be Completed
Good News for Burnley
Currently sitting as low as 17th, one place above the dropzone, Burnley would have been desperate for some good news in the form of investment. And, if the reports are to be believed, they’ll be getting exactly that in the next couple of days.
With January fast approaching, too, the new-found reported investment will undoubtedly be welcomed by Sean Dyche with open arms, who can finally begin to consider the recruitment of reinforcements.
As it stands, the Lancashire club are two points away from the dreaded drop, with a game in hand, but January arrivals could extend that gap to a far more comfortable number.
Following the news of El Kashashy and Farnell pulling out of a takeover reportedly worth up to £200 million earlier in the month, too, those at Burnely will be feeling relieved having seemingly secured a different deal.
As the new owners arrive, alongside the added funds, the first task at hand will be to pull away from the dreaded position of a relegation scrap and into the comforts of mid-table.
With Sean Dyche still at the helm, Burnley’s place in the Premier League should remain well and truly intact.
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