Table of Contents
- Burnley's Takeover of Espanyol
- Investment Details
- Commitment to Club Independence
- Current Status of Espanyol
- Future Vision for Both Clubs
- Strategic Partnerships
BURNLEY’s owners have successfully completed a surprising takeover of LaLiga club Espanyol.
With this acquisition, the Clarets have joined the growing trend of multi-club ownership.
Burnley’s owners have acquired Espanyol
Alan Pace has assured that this will not impact the Clarets
The acquisition was made by ALK Capital, the investment firm led by owner Alan Pace.
The firm finalized the deal after productive negotiations with the previous owners, the Chinese company Rastar Group.
The agreement has been concluded, with ALK Capital acquiring a 99.66 percent stake for €130 million (£112.84m).
Pace has emphasized that this transaction will not affect either club as they move forward.
He stated: “This is not about ownership; it’s about stewardship.
“Burnley will remain Burnley. Espanyol will remain Espanyol.
“Each club will maintain its own leadership, identity, independence, and decision-making, managed by its own personnel, for its own supporters.
“[Their multi-club model] is founded on the belief that collaboration, when approached with respect, can enhance local identity rather than undermine it.”
Espanyol is currently ranked 9th in LaLiga after eight matches, improving from their 14th-place finish last season.
The team returned to the top tier of Spanish football after a one-year relegation in 2023.
Pace added: “We are committed to doing the work.
“Honestly, carefully, and transparently. To honor the past, support the present, and shape a future worthy of both clubs’ proud traditions.
“This is how football evolves, with its people, for its people, and always for the fans.
“I would also like to extend my gratitude to Chen Yansheng and the Rastar Group for their stewardship of RCD Espanyol.
JJ Watt is an investor in Burnley
“Their dedication and effort have created a strong foundation, and we look forward to collaborating with them as we strive to elevate the club to the next level.”
This marks the latest initiative by the club’s ambitious owners, which includes the legendary JJ Watt.
The team already has a “strategic partnership” with the Scottish club Dundee.
This collaboration aims to foster the development of young talent.
This was demonstrated in the summer transfer that saw Joe Westley move from Turf Moor to Scotland on a three-year contract.
Frequently Asked Questions
What does the takeover mean for Burnley and Espanyol?
The takeover allows both clubs to maintain their independence and identity while benefiting from shared resources and collaboration.
How much did Burnley pay for Espanyol?
Burnley, through ALK Capital, acquired a 99.66% stake in Espanyol for €130 million (£112.84m).
What are the future plans for the clubs?
The focus is on stewardship, respecting the clubs' traditions, and developing young talent, with an aim to elevate both clubs to new heights.
