Burnley’s owners have delayed making payments due to former directors which are required to complete their takeover, raising new fears about the club’s financial position.
Sportsmail has learned that ALK Capital have renegotiated the payment schedule of their £170million takeover, with fees worth tens of millions owed to former owners Mike Garlick, John Banaszkiewicz and five other smaller shareholders that were due to be paid last year now deferred until April.
Sources have revealed that payments have been delayed to give ALK time to secure more investment which has largely proved elusive since they agreed to buy 84 per cent of Burnley 12 months ago.