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Premier League club Burnley taken over by American investors

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BURNLEY – Burnley became the latest Premier League club to become owned by Americans when a takeover was completed Wednesday.ALK Capital’s sports investment arm, Velocity Sports Partners, has bought an 84% stake in the northwest English club from British businessmen Mike Garlick and John Banaszkiewicz.Burnley's glory days came long ago — winning the English championship in 1921 and 1960 — but it is playing its fifth straight season in the world’s richest league.ALK managing partner Alan Pace will replace Garlick as chairman of the team, which is based just north of Manchester.

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