‘Talks are in a happy place!’ - ALK Capital respond to takeover speculation

I understand the deal is in documentation - with a takeover bid from ALK sent to the chairman and shareholders detailing the offer - and, asked to comment on the state of play, a spokesman for ALK Capital said, with a nod to Burnley fan Jordan North’s antics on reality show I’m a Celebrity, Get Me Out of Here!: “The process remains ongoing, but talks are in a happy place.”

There is a confidence that the deal could be completed before Christmas, potentially handing Sean Dyche and Clarets fans everywhere an early present.

The rival bid, from sports lawyer Chris Farnell and Mohammed El Kashashy, were also confident of agreeing a deal, waiting on the Premier League’s owners and directors test, having provided proof of funds and exchanged contracts on both sides.

The club last week made their only official statement on the matter, confirming there were multiple parties involved, saying: “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."