Burnley owners complete acquisition of Espanyol stakepublished at 12:43 BST 9 October

Burnley's owners have completed the purchase of a majority stake in Spanish club Espanyol.
It was confirmed in July that a deal had been agreed and on Thursday, Velocity Sports Partners, led by Clarets chairman Alan Pace, announced the acquisition following an extensive period of due diligence.
In a statement, Pace said: "Our role is not to replace legacy but to build upon it, with care, with clarity and with purpose.
"This is not about ownership; it's about stewardship. Burnley will remain Burnley. Espanyol will remain Espanyol.
"Each club will retain its own leadership, identity, independence and decision-making, run by its own people, for its own supporters."
Velocity Sport Limited, the sports investment arm of ALK Capital, took over Burnley in December 2020.
The Clarets are 18th in the Premier League in their first season back in England's top division, while Espanyol are currently ninth in the Spanish top flight.