Burnley Takeover: Alan Pace Makes Immediate Impression

On Wednesday, Burnley host Fulham will clear 11 points from the relegation zone on the side of Sean Dyche and give it a strong position to win sixth consecutive Premier League campaign.

Meanwhile, new owner Alan Pace is making an impression at Turf Moor.

Last week, the United States announced that their women’s team will be incorporated completely into the Barnfield training complex.

Before that, Pace previously announced plans for a global search of talents using a smartphone app.

From the detail contained in Burnley’s most recent set of accounts, to 30 June 2019, it is clear the club is well run.

Despite being among the lowest ranking top-flight clubs for match-day income (£6.32m) and commercial revenue (£16.48m), Burnley’s wages were contained at a healthy 63% of turnover.

More importantly, they had zero debt and £41.65m cash in the bank, a figure that is now thought to be higher.

Nevertheless, major shareholders Mike Garlick and John Banaszkiewicz had been looking to sell the club for some time and on 31 December confirmed Velocity Sports Partners had taken a controlling 84% stake, which is understood to have cost £200m.

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