ALK Capital, a private equity firm, completed the acquisition of an 84% stake in Burnley F.C., a professional football club, for $230m. “Today marks a new era for Burnley as we become stewards of this historic football club and build on the impressive work that Mike Garlick, Sean Dyche and everyone at Burnley has done to make it a financially stable, established Premier League club that is a cornerstone of the local community. With a rich heritage, a brilliant academy, and a passionate fan base, this club has solid foundations to build upon. This is the start of an exciting journey for the entire Clarets family," Alan Pace, ALK Capital Chairman and Managing Partner.