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Foreign investors in for Burnley

Burnley are the only Premier League Club with majority English shareholders, but that may change soon. The club is the subject of a £180m takeover bid from rival American and Middle Eastern investors. The club have signed a non-disclosure agreement with a US media company and prepared a prospectus for several other groups, including one from the Middle East.

Negotiations are at an early stage and a preferred bidder has not been identified. However, the club is an attractive prospect as Premier League status is seen as secure for next season, as are revenue streams for the next four years.

The club has quite a complicated ownership structure. Chairman Mike Garlick holds 49.3 per cent of the shares, former chairman John Banaszkiewicz holds 27.5 per cent and the remainder are held by small shareholders.

On my visits to Turf Moor, I have always enjoyed the rather traditional feel of the ground and hopefully that will not change.

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