https://ift.tt/eA8V8J American investors ALK Capital have completed their takeover of Burnley, acquiring a controlling 84 per cent stake in the Premier League club. The company announced the completion of the deal, approved and ratified by the Premier League, in a statement released late on Thursday night. The Delaware-based ALK, which specialises in investments in the sport and media sectors, said its managing partner Alan Pace would take over from Mike Garlick as Clarets' chairman. "Garlick, alongside former shareholder John Banaszkiewicz, will remain on ALK Capital's new board of directors at Burnley, ensuring a smooth transition to new ownership and providing valuable knowledge from his eight-year tenure as club chairman," the statement said. "This successful period has seen two promotions to the Premier League, development of the Barnfield Training Centre, and European football at Turf Moor for the first time in more than half a century." Garlick, who...