Burnley are being investigated by the EFL over accusations that the club’s American owners aren’t the ones in charge, according to Matt Hughes of the Daily Mail.
Burnley Under EFL Investigation
Burnley facing EFL investigation over who owns the club. Concerns over lack of transparency with owners ALK Capital linked Jersey-based financial entity.
https://t.co/3zuaA46hvn— Matt Hughes (@MattHughesDM) September 9, 2022
A Long and Proud History
Burnley have a long history that began all the way back in 1882. Despite not being a huge club with the financial capabilities of Manchester City, The Clarets have had success, which has seen them become English champions twice and win an FA Cup.
Burnley’s ‘Ultimate Owners’ Could Be Based in Jersey
Back in 2020, the American consortium ALK Capital bought the Turf Moor club for £170million. However, authorities have obtained information that suggests the “ultimate owners could be another financial entity based in Jersey,” as reported by Matt Hughes.
Last season, the Premier League initiated an inspection, which will be continued by the EFL as The Clarets were relegated from the top flight in 2022.
Read more: EFL to Conduct Review of Regulations and Procedures Concerning EFL Clubs’ Financial Stability
Burnley have allegedly been asked to clarify some details of the ownership. More specifically, concerning their supposed links to Jersey-based institutions.
Not the First Club to Face an EFL Investigation
The Clarets are not the first club to face an investigation by the EFL. Back in January, there were talks about an investigation regarding Liverpool’s request to postpone a League Cup match against Arsenal due to a supposed Covid-19 outbreak in The Reds’ squad, which was accepted.
New Burnley chairman Alan Pace has promised all fans free entry upon the return to stadiums, for their last home game v Liverpool.
More should take note of this 👏🏻👏🏻 pic.twitter.com/Hk36YDP58H
— FootballFunnys (@FootballFunnnys) May 8, 2021
Similarly, Hull City were probed by the EFL around the same time for almost identical reasons. Their Championship match against Blackburn Rovers was cancelled only a couple of hours before the match was to be played.
The Turf moor club told Sportsmail that ALK are the owners of the club, and they have yet to receive any questions from the EFL regarding the ownership of the club.
