Crystal Palace owner and F1 driver Gasly back Drive to Survive star’s MotoGP takeover Sport Business Crystal Palace owner David Blitzer, Burnley owner ALK Capital and Formula 1 driver Pierre Gasly have emerged as part of Drive to Survive star Guenther Steiner’s takeover of MotoGP team Tech3. Former Haas F1 team principal Steiner spearheaded a buyout that was announced four months ago and has seen the Italian installed as CEO of [...]
Burnley owner ALK Capital secures £150m injection following Espanyol takeover Sport Business Burnley’s owner, Alan Pace’s ALK Capital, has attracted a further £150m injection from an early backer of its Premier League project, Dave Checketts. Checketts, who enjoyed success with Pace as president of his Major League Soccer side Real Salt Lake, has invested in ALK Capital following its takeover of Spanish club Espanyol. It is among [...]
Football M&A shake-up as investors swap mega-deals for lower league takeovers Sport Business Football’s M&A market has seen a drop in mega-deals as investors have turned their attention to lower leagues, expanding multi-club networks and strategic minority acquisitions. A new report by independent consultancy Football Benchmark said its analysis of the 76 deals to take place so far this year reflected “a maturing market”. While recent years have [...]
Burnley owners vow to run Espanyol separately after £113m takeover October 9, 2025 Burnley’s owners insist they will run Espanyol independently after completing a takeover of the Barcelona-based LaLiga club. Velocity Sports Partners, the investment arm of Burnley owner ALK Capital, confirmed today it has acquired Espanyol from Chinese businessman Chen Yansheng’s Rastar Group in a deal reported to be worth €130m (£113m). “Football has always belonged to [...]
Burnley and Elon Musk’s X sign behind-the-scenes deal July 18, 2025 Burnley’s return to the Premier League will be documented on X after the Turf Moor club announced a deal with Elon Musk’s social media platform. Burnley and X Corporation have signed a multi-year deal that will see 20 episodes published fortnightly to give fans access to the Clarets’s Premier League season. It is hoped that [...]