Burnley STILL in talks with 'interested parties' over a £200m takeover

Burnley confirm they are STILL in talks with ‘interested parties’ over a £200m takeover at Turf Moor as chairman Mike Garlick considers bids from Egyptian entrepreneur Mohamed El Kashashy and American group ALK Capital

  • Burnley have confirmed the club’s ownership still remains in discussions
  • The Premier League side have received two takeover offers in recent weeks
  • One bid is from Egyptian entrepreneur Mohamed El Kashashy and Chris Farnell
  • American rival group ALK Capital LLC are also interested in the Lancashire club
  • Sean Dyche claims he has not been involved in discussions about the takeover 

Burnley Football Club have issued a public statement to supporters to confirm talks regarding a potential £200million takeover are still ongoing.

Much confusion has surrounded the Lancashire club in recent weeks, who have been subject to two takeover offers.

Manager Sean Dyche added to the uncertainty earlier in the week by admitting he has been kept out of the loop regarding developments, but now the Clarets have confirmed that no information will be given until a decision is reached.

Burnley have confirmed the club’s ownership still remains in discussions after two big bids 

Issuing a statement via their official website, Burnley stated: ‘Regarding various comments in the media, Burnley Football Club confirms that the club’s ownership remain in discussions with interested parties regarding future investment in the club.

‘In full respect of ongoing processes, the club will not be providing any further commentary on this matter until those discussions have reached a conclusion.

‘The club wishes to assure supporters and the local community that the future of Burnley Football Club remains the primary concern in these issues, with any potential investment needing to support the club’s long term sustainability and retain its position as a cornerstone of the local community.’ 

Chairman Mike Garlick (left) has received a bid from Mohamed El Kashashy and Chris Farnell

The board’s lack of information for manager Dyche was in keeping with a frustrating summer in which he was not even given an idea of his overall transfer budget by chairman Mike Garlick, who prioritised making the club financially attractive to buyers.

Garlick’s preferred bid is from Mohamed El Kashashy, an Egyptian entrepreneur, and Chris Farnell, a Cheshire-based sports lawyer, who have promised to keep him on the board.

American rival bidders ALK Capital LLC, who would not keep Garlick on, say their bid for Burnley is also on track and are surprised to hear reports that talks have stalled. Dyche was diplomatic about the club’s lack of communication with him.

He said: ‘I don’t think it’s really relevant because I’m not going to affect it. I try to control the controllables.

‘I can only imagine that if there are these interested parties, then there’s some due diligence going on that would appoint the people they think can add to the club.

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