Burnley Football Club has updated Clarets supporters on the progress of the Premier League side’s takeover.
The club’s major shareholder Mike Garlick is in talks with two potential buyers, including a bid led by businessman Mohamer El Kashashy and lawyer Chris Farnell, and American investment firm ALK Capital LLC has also expressed an interest.
It released a short statement on the official club website which read: “Regarding various comments in the media, Burnley Football Club confirms that the club’s ownership remain in discussions with interested parties regarding future investment in the club.
“In full respect of ongoing processes, the club will not be providing any further commentary on this matter until those discussions have reached a conclusion.
“The club wishes to assure supporters and the local community that the future of Burnley Football Club remains the primary concern in these issues, with any potential investment needing to support the club’s long term sustainability and retain its position as a cornerstone of the local community.”
Farnell, who left his role as Charlton Athletic’s club solicitor in August after his contract was terminated, has had ban on purchasing a club in England overturned. The 50-year-old was caught up in a failed bid to buy the Addicks but is now able to proceed with the proposed Burnley takeover.