Burnley owners acquire controlling stake in Spain's Espanyol
Kenley Ward
Dailysports's expert
The deal is done!
Details: According to The Athletic, Burnley's owners have today finalized the purchase of a controlling stake in Spanish club Espanyol for a sum of €130 million.
Previously, Espanyol was owned by the Chinese company Rastar Group, which agreed to sell 99.96% of its shares to Velocity Sports Partners (VSP) – the investment arm of ALK.
Rastar Group reported that the deal included €65 million in cash and €65 million in ALK shares.
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Espanyol becomes the second club linked to ALK, which also has a "strategic partnership" with Scottish side Dundee, focusing on youth development.
ALK acquired Burnley shares in 2020 for £170 million, and among the club’s investors is former NFL star J.J. Watt, who joined the club's investment group in 2023.
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