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Burnley's £170million takeover is FINALLY completed as American management firm ALK Capital purchase 84 per cent stake in the Clarets just in time for the January transfer window

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.

Burnley's takeover by ALK Captial was completed late on Wednesday night

Burnley's takeover by ALK Captial was completed late on Wednesday night

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