Prospective Burnley owners ALK Capital are confident of completing their takeover of the club by the end of the week.

It is understood ALK managing director Alan Pace is in Lancashire to sort out the final details.

Pace has passed the Premier League's owners and directors' test and intends to take a hands-on role at the club.

ALK is an American sports investment firm headed up by Pace, former president of Major League Soccer side Real Salt Lake.