Consortiums funded from Egypt and US target £200m Burnley takeover

29-Oct-2020 12:46:47 | The Guardian

Chris Farnell and Mohamed El Kashashy want £200m deal
Finance group ALK Capital also in discussions with club

Burnley are third-bottom of the Premier League with no home goals and only a point to show after five games yet two consortiums are vying to take over their ownership.

US interest from the finance group ALK Capital LLC surfaced a couple of weeks ago, but though talks are ongoing a rival package led by the Cheshire-based sports lawyer Chris Farnell and funded by the Egyptian food magnate Mohamed El Kashashy has also been in touch with the club over a proposed £200m takeover.