Alan Pace and his team at ALK Capital have expanded their ownership status, in football, to Spain as they become majority shareholders in RCD Espanyol.

The owners of Premier League club Burnley, Velocity Sport Limited, have agreed a deal to acquire Espanyol, the LaLiga team said on Monday.

Burnley's owners Velocity Sport Limited have agreed a deal to acquire La Liga side Espanyol. It means the Clarets become the latest team to join the multi-club ownership model a number of teams in the Premier League already have.

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English-based group Velocity Sport Limited and its American shareholders are taking over Spanish soccer club Espanyol

The owners of Premier League club Burnley, led by the Alan Pace, have reached an agreement to take over Espanyol, the Catalan team announced on Monday.