Burnley are facing an EFL investigation into claims that the club’s American ownership is not actually responsible

EXCLUSIVE: Burnley face EFL probe over claims US ownership of club not actually responsible… with a Jersey-based financial institution said to be the real owners

  • Burnley face EFL probe into identity of club ownership
  • American consortium ALK Capital bought the club in 2020
  • The EFL is investigating claims that the property is actually in Jersey
  • Burnley say ALK are unquestionably the rightful owners of the Championship club

Burnley are facing an EFL investigation into the club’s ownership amid uncertainty and a lack of transparency over who is in charge at Turf Moor.

US conglomerate ALK Capital paid £170m to buy Burnley two years ago in a highly leveraged takeover largely financed by debt and the club’s own money, but authorities have since received information suggesting the final owners could be another entity based in Jersey.

The Premier League began investigating last season and the matter has been passed on to the EFL following the club’s relegation. The EFL are understood to have asked Burnley to clarify certain aspects of their ownership, particularly regarding their alleged links to institutions in Jersey.

Burnley are facing an EFL investigation into claims that the club’s American ownership is not actually responsible

Burnley face EFL probe after claims of lack of transparency over club ownership

Alan Pace installed as chairman following the club's takeover by ALK Capital in 2020

Alan Pace installed as chairman following the club’s takeover by ALK Capital in 2020

Burnley’s Championship rivals have been informed of the matter, which was discussed at an EFL meeting yesterday. ALK Capital is registered at an address in Leeds, with the three directors registered in Delaware.

Burnley’s financial arrangements have come under scrutiny following the takeover of ALK, which was fronted by American financier Alan Pace, who is chairman.

The deal was financed by borrowing £37m from the club’s bank account and a £65m loan from MSD Holdings, and in February Burnley received a £12.5m bridging loan from Australian bank Macquarie, which it will repay when it receives the second installment. of the £25m fee for Chris Wood’s transfer to Newcastle.

Burnley are set to receive £12.5m from Newcastle in January as part of a deal for Chris Wood.

Burnley are set to receive £12.5m from Newcastle in January as part of a deal for Chris Wood.

Much of the debt has been repaid, with Sportsmail revealing last month that Burnley spent £32.3m this summer to pay off almost half of the MSD loan due to an early repayment penalty triggered by relegation.

Burnley sources told Sportsmail on Thursday night that ALK are undoubtedly the owners of the club and that they have yet to receive any inquiries from the EFL.

The Premier League and EFL declined to comment.

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