Back to the Premier League Newsfeed

Burnley's £200m takeover by American group ALK Capital set to be completed next week... offering manager Sean Dyche a potential Premier League life-line ahead of the January transfer window

The £200million American takeover of Burnley is set to be signed off next week.

Sportsmail understands that staff at the club have now been told to prepare for a change of ownership.

ALK Capital, the sports investment firm fronted by financial guru Alan Pace, will receive Premier League approval to complete their deal.

ALK Capital's u00a3200million takeover of Burnley is set to be approved by the Premier League
The deal comes ahead of the January transfer window, which could be huge for Sean Dyche

They had faced competition from Egyptian businessman Mohamed El Kashashy and sports lawyer Chris Farnell, but sources have expressed doubt over the strength of that offer.

It has also been suggested that Clarets chairman Mike Garlick could remain at the club in the short term.