We could be about to witness a real change in fortunes for Burnley Football Club.
The club based out of East Lancashire haven’t been performing up to their usual decent standard this season. They currently find themselves in the relegation zone after five games with only a single point earned. The Clarets are struggling for goals this season, only netting three in the league so far.
However, big news is coming out of the club that could really see them get a well needed financial boost.
It’s believed Burnley are on the verge of a massive takeover deal worth £200 million.
Egyptian businessman Mohamed El Kashashy and sports lawyer Chris Farnell are the pair spearheading the deal.
Talks have been going on in the background for the past year. All parties are seemly extremely happy with the takeover and are waiting on the Premier League to make it official.
Everything seems in order with contracts signed and proof of funds established. This is a deal that is very likely to happen soon, unlike the Newcastle deal we seen crumble earlier this year.
El Kashashy and Farnell
This isn’t the first time Farnell has attempted to buy an English club.
He failed the English Football League’s (EFL) Owners and Directors Test during his unsuccessful purchase of League One side Charlton Athletic back in August.
However, he is now entitled to attempt another purchase of a club.
Farnell had his disqualifying position overturned by an independent Arbitration Panel. The Panel decided that a five-week suspension was enough in this case.
It’s believed that the pair are attracted to Burley due to how well the club is ran.
They want to make a substantial investment to improve the squad and their on-field fortunes.
All of this makes for positive reading if you are a Burnley fan. Especially when you consider that El Kashashy and Farnell want Sean Dyche around.
Sometimes when new investors come in, they want a more high profiled manager to be leading the line. But Dyche will be the man in charge going forward.
While Sean Dyche has admitted he is somewhat in the dark about the takeover and hasn’t been involved in any talks. It will be the financial backing he has been crying out for.
It’s no secret this is something he has been after for a long time. With Burnley only signing three players during this summer’s transfer window.
It would be well deserved after eight years of service from Sean Dyche, making him the longest serving manager in the Premier League.
Burnley is a club with a long 138-year history. But with this big new money takeover seemingly not far away, they could be about to enter somewhat of a golden era.