Who is popular today?

Takeover by ALK Capital has used the club’s own money
Deal has similarities to leveraged buyout of Manchester United

Heady recent wins at Liverpool and Arsenal have helped keep Sean Dyche’s Burnley team eight points above the Premier League relegation zone, but at Turf Moor the air is still clearing over a £170m US takeover which has used the club’s own money and loaded it with debt.
The new chairman Alan Pace, a former Wall Street financier leading the US consortium ALK Capital that bought the club, has been a very vocal proponent of energetic plans to build on Dyche’s achievements and improve the club’s historic home. But he has not explained in detail the deal to buy the club from its long-term local owners and directors, led by outgoing chairman Mike Garlick, who owned 49.24% of the shares, and John Banaszkiewicz, who had 28.2%. Continue reading...