Overview

• Velocity Sports Partners, the investment arm of ALK Capital, has acquired a majority stake in RCD Espanyol from the Rastar Group.
• Burnley chairman Alan Pace said Espanyol and Burnley will be run independently, with each club keeping its own leadership and identity.
• The transaction was widely reported at about €130m (£113m), though the buyers did not publish full financial details.
• Former NFL player J. J. Watt, already a minority investor at Burnley, is among the investors involved in the Espanyol deal.
• Spanish reports say Rastar will receive a stake in Velocity Sports Partners, while Espanyol sit ninth in LaLiga with 12 points from eight games.