There is an opportunity to make the academy a hot bed for the area. With the Manchester region to the south densely populated with professional clubs, Burnley can be a focal point for north Lancashire and further afield, with the aim to create a more successful pathway from academy to first team.
There has also been significant investment in the club's scouting department, which is led by technical director Mike Rigg. Former chairman Garlick and co-chairman John Banaszkiewicz will remain at the club as directors to ensure as seamless a transition as possible for the new owners.
Pace believes there is untapped potential that can be unlocked at a place that has always had a modest and humble outlook. Clarets fans are proud of a club entrenched in its community, historically run by Burnley people. ALK Capital's takeover is a historic moment, representing a seismic shift in the landscape.
Departing director Brendan Flood is keen to stress the progress made during his time at Turf Moor, which he believes can be built on. We are known to be frugal but, in truth, the Board care so much about the club because we are fans first and foremost. The biggest decision for any business is to choose a good leadership team. We have chosen strong managers and the staff within the club have been absolutely tremendous, having grown in confidence year on year.
I will miss them the most. I hope that ALK contribute to the future of the club and enjoy some of those special memories which only sport can provide. It's got off to a good start in that they clearly understand that a lot of that success has been down to having a very good manager. College Basketball. Fantasy Football. Fantasy Baseball. Fantasy Basketball. Fantasy Hockey. Premier League. La Liga. Serie A. Champions League. Europa League. International Soccer. Scottish Premiership.
Fantasy Premier League. Women's College Basketball. Sports Business. The club are adamant their business plan is solid. It is well-placed to thrive under its new ownership. The new owners of Burnley are committed to investing in this club, the team, and facilities over the coming years. Their actions will speak louder than any words.
However, some fans with a lifelong association to the club are less positive. One local businessman, who had a gentleman's agreement in December to reduce his sponsorship payments by half in light of games being played behind closed doors, felt let down when he was told last month full payments were now required.
When the sponsor resisted, believing an agreement had been reneged on, the adverts were covered up. It is understood the sponsor now intends to take his business elsewhere.
In response, the club pointed to Pace's recent programme notes, where he said a review of the club's commercial strategy was a "key focus" and that he believed he could change the current position of Burnley having one of the smallest commercial revenues in the Premier League.
Using club assets as security for loans taken out to purchase that club has the potential to put a financially solid football club into a less secure position. The Guardian asked Garlick and Banaszkiewicz, who have stayed on as Burnley directors, about the criticism that could be levelled at them as the major shareholders, that they appear to have made personal fortunes by concluding this deal to sell their shares, for which the club itself has been put into debt.
It is well placed to thrive under its new ownership. The new owners of Burnley are committed to investing in this club, the team and facilities over the coming years.
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