Soccer-Burnley owners acquire majority stake in Espanyol


Soccer Football - Premier League - Burnley v Luton Town - Turf Moor, Burnley, Britain - January 12, 2024 Burnley chairman Alan Pace before the match REUTERS/Phil Noble

(Reuters) -The American owners of English Premier League club Burnley have agreed a majority takeover of LaLiga side Espanyol, the Spanish team announced on Thursday.

Velocity Sports Partners, led by American businessman Alan Pace, completed a deal for Espanyol which was worth up to 200 million euros ($232.32 million), British media reports said. The deal ends Chinese conglomerate Rastar Group's nine-year ownership of the club.

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