5 days ago
Burnley ownership to acquire Espanyol
Burnley's owners Velocity Sport Limited have agreed a deal to acquire La Liga side means the Clarets become the latest team to join the multi-club ownership model a number of teams in the Premier League already play in the top tier of Spanish football, where they finished 14th last season, two points above the relegation two clubs will continue to run separately but will now be part of the same ownership group."With this deal, RC Espanyol and Burnley will be part of this investment group, which expands its interests by having a club in La Liga and another in the Premier League - although each will remain independent," Espanyol said in a Sport Limited, the sports investment arm of ALK Capital, took over Burnley in December 2020.
