US Investors Acquire EPL Club Burnley

Burnley's Dutch defender Erik Pieters challenges Sheffield United's English defender George Baldock during the English Premier League football match between Burnley and Sheffield United at Turf Moor in Burnley, north west England on December 29, 2020. Barrington Coombs / POOL / AFP
Burnley’s Dutch defender Erik Pieters challenges Sheffield United’s English defender George Baldock during the English Premier League football match between Burnley and Sheffield United at Turf Moor in Burnley, north west England on December 29, 2020. Barrington Coombs / POOL / AFP

 

US investment group ALK Capital has completed its takeover of Burnley, acquiring a controlling 84 percent stake in the Premier League club, it was announced on Thursday.

Delaware-based ALK, which specialises in investments in the sport and media sectors, said its managing partner Alan Pace would take over from Mike Garlick as chairman.

Pace, the former president of Major League Soccer’s Real Salt Lake, said the move marked “the start of an exciting journey for the entire Clarets family”.

“With a rich heritage, a brilliant academy, and a passionate fan base, this club has solid foundations to build upon,” he said in a statement on the club’s website.

Garlick, who had held just under 50 percent of the club’s shares, will remain on ALK Capital’s new board of directors at Burnley.

He said the deal represented a “natural progression” for the club, who are in their fifth consecutive season in the English top-flight.

“In Alan Pace and his team, we are welcoming committed investors to Turf Moor who will be living here in the local community and investing in the club, both on and off the football pitch, for many years to come,” he said.

One of ALK’s first priorities is likely to be a meeting with Dyche, who can expect fresh financial support in the January transfer window.

The manager said after Tuesday’s victory over Sheffield United that he had no knowledge of the deal, but it is understood moves were already under way by the new ownership to bring him up to speed on their plans.

One result of the change in ownership could be an expansion of the club’s international scouting and transfer network.

Commenting on Tuesday on the likelihood of adding to his injury-reduced squad in the coming weeks, Dyche offered a cautious take.

“If there are things in the market we think we can align, we will. If there’s not, we’ll keep operating with the group we’ve got,” said the manager, who has been in charge at Turf Moor since 2012.

Burnley are 16th in the Premier League, five points above the relegation zone, and host 18th-placed Fulham on Sunday.

 

AFP

Abia Government To Partner With Foreign Investors On Health, Others

Okezie Ikpeazu-abiaThe Abia State Government says it has established some partnerships in the area of education, health, agriculture, among many others that would impact on lives of the citizenry and boost economic development.

State Governor, Okezie Ikpeazu, said this while speaking with journalists.

The Governor disclosed that plans have been concluded to improve health facilities in the state to international standards.

Governor Ikpeazu also said that the state was in collaboration with some health experts, hinting that one of America’s foremost inventors in cancer machines would soon visit the state to explore the possibility of establishing a factory in the state.

According to him, the state of Maryland is to collaborate with the Abia State University, Uturu, to improve facilities in the university, stating that the comprehensive package of the benefits of all the partnerships and collaborations with foreign investors would be unveiled in the days ahead.

Uduaghan Reiterates Need To Generate Alternative Income

UduaghanGovernor Emmanuel Uduaghan has reiterated his administration’s commitment towards creating alternative source of wealth for Delta State.

Governor Uduaghan noted that this is the driving force behind the Delta Beyond Oil vision.

He stated this during an inspection of some facilities, including a leather shoe factory at the Delta State Small and Medium Scale Enterprise Base under construction in the Issele-Uku area of the state.

The governor said the project, which is in partnership with the United Nations International Development Organisation (UNIDO%2

Bayelsa Is One Of Most Secure Places To Do Business – Seriake Dickson

Seriake DicksonThe Governor of Bayelsa State, Seriake Dickson has urged both local and foreign investors to pitch their tents in the oil-producing State, noting that it is one of the most secure places to do business in Nigeria.

Dickson, who made the call at the on-going maiden edition of the Bayelsa Investment and Economic Forum, in Yenagoa, commended security agencies for doing a good job of keeping the peace in the State, thereby making it a choice destination for investors.

Investors and Government officials from both Federal and State levels, who had gathered for the ceremony, included the Vice President, Nnamadi Sambo, who represented President Goodluck Jonathan, Minister of Petroleum Resources, Diezani Alison Madueke, Minister of Industry, Trade and Investment, Olusegun Aganga.

While delivering his speech, Governor Dickson made a strong case for his state, urging investors to do business in the land as his administration had made plans to position Bayelsa as a major vibrant economy.

Dickson, who described Bayelsa as Nigeria’s best kept economic and leisure secret, noted that his administration was “working hard to lay the foundation for a vibrant economy,” he said, noting that the government had embarked on several projects in some sectors, including education, power, agriculture, fashion, tourism e.t.c.

“In the past 2 years, we have built schools and schools and schools,” he emphasized, noting that over 600 primary schools had been built, including teachers’ quarters.

He disclosed plans to have a school in every state House Constituency of the House of Assembly.

He further highlighted that education is free in the State and that the government also paid for external examinations, maintaining that “our goal is education for the economy”.

According to him, human capacity development is the nation’s greatest challenge, hence different schools for music, agriculture, language studies, driving, fashion, photography are being set up to develop the youths.

He also called on investors in the fashion and tourism sector to pitch their tents in the State as the government was already making preparations to train youths.

The governor also spoke about power generation, maintaining that “we are aspiring to be the number one in power generation” and since the State produced about 40% of the nation’s crude oil and mineral resources, “we are aspiring to be the nation’s power hub”.

He stressed that the government was also interested in palm oil production, as well as aqua-culture. He disclosed that the State was targeting production of 3000 tonnes of fish for local consumption and export.

Also, the governor stated that about 6000 hectares of land set aside for cassava planting as the largest cassava processing company was stationed in the State.

Governor Dickson also addressed people of the State to reduce their dependency on the government. “We have got to move away from over-dependence on government and into production,” he stressed.

“You the people of Bayelsa must also do your part… don’t live a life of dependence. Take responsibility for your livelihood,” he said.

BOKO HARAM: Akpabio claims foreign investors still throng Nigeria

The governor of Akwa Ibom State, Obong Godswill Akpabio has dismissed fears that the lingering collapse of security caused by Boko haram in the northern part of the country is a threat to foreign investors.

Governor Akpabio, who has just returned from the United States, where he went for a foreign investment drive told journalists in Abuja that the international community is excited to invest in Nigeria because of the huge potentials in the country.

The governor attended the meeting of the Nigerian Governors’ Forum, where issues of constitution amendment and polio eradication dominated discussion.

He expressed optimism that President Goodluck Jonathan is moving in the right direction to address the nation’s security challenges.