Velocity Sport Limited, owners of Burnley, acquired La Liga's Espanyol from Rastar Group. Both clubs will operate independently but share financial backing.

Premier League side Burnley's owners Velocity Sport Limited (VSL) agreed a deal to acquire La Liga team Espanyol on Monday.

ALK Capital, the owner of Premier League side Burnley, is set to become the latest American investor to operate a multi-club ownership (MCO) group after announcing an agreement to buy LaLiga ...