MSD Capital Helps Fund Burnley Football Club Deal
Posted on 02/14/2021
Alan Pace’s ALK Capital, through its unit Velocity Sports Partners, finalized its deal to buy English Premier League club, Burnley F.C. (Burnley Football & Athletic Company Ltd). The transaction valued the team at around US$ 271 million. Part of the deal was financed from a loan by MSD UK Holdings, a U.K. unit of Michael Dell’s MSD Capital. The upfront payment was estimated at US$ 140 million, which the majority of it is guessed to be the MSD loan.
In late December 2020, ALK Capital agreed to buy an 84% stake in Burnley. The sellers are John Banaszkiewicz and Mike Garlick.
The Burnley football club was founded in 1882.
ALK Capital is based in New York City. Velocity Sports Partners is the sports investment arm of ALK Capital.
