ALK Capital

LONDON: Burnley FC has become the latest Premier League side to have American investors as controlling stakeholders after Velocity Sports Partners (VSP), the sports investment arm of US management firm ALK Capital, acquired majority shareholding in the football club.

VSP now holds a controlling 84% stake in Burnley and builds on ALK Capital’s recent entry into the European sports market with two strategic investments in London-based football technology businesses AiScout and Player LENS last August.