BURNLEY owners ALK Capital have made an offer to buy shares owned by supporters of the club.
Shareholders - who didn't have an option to sell during the initial takeover last year - will have 21 days to respond to the offer.
The individuals make up around 6% of the club’s shareholding, but chairman Alan Pace has stressed they are under no obligation to sell.
“We wanted to do the right thing by our fans and shareholders by putting together this offer,” Pace told the club’s website. “It would be a shame to not provide a considered offer to the group.
“It has been an incredibly busy period since we became custodians of Burnley FC, but we feel it is now worthwhile to proceed in this manner and to make an offer to purchase fan-owned shares should the holders wish to sell.
“I want to stress, however, that this offer is purely an option for the shareholders. They are not required to sell and should not feel obliged to do so. We welcome and are happy for them to continue their support for Burnley FC and remain part of the club shareholder group.”
The offer consists of a 50-50 split between cash and club credit which can be spent on tickets, merchandise or food and drink at Turf Moor.
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