And the price explains why some choose to speculate to accumulate, even if it is a policy that has cost some millions when their plans have backfired. It is being said that Burnley are close to a 200 million major takeover by an Egyptian food magnate, El Kashashy. One good season and one poor one in East Lancashire and perhaps Blackburn would be worth 200 million and Burnley 50 million, rather than vice versa. In contrast, getting Burnley at 200 million would be buying a club at the top of their value. According to a talkSPORT rich list, he was worth 1.3bn as of May this year. West Ham owners Sullivan and Gold have been at the east London club for more than a decade, having taken over during the 2009/10 season. Bloom has been the owner of Brighton & Hove Albion since 2009, having built his fortune in the world of online gambling - among other areas - before taking control of his hometown club. Golds family assets include lingerie brand Ann Summers, while he also made money in the magazine, printing and distribution business. Get the latest Burnley FC news delivered straight to your inbox each day - sign up for free email updates. The takeover is being led by El Kashashy, who is based in Dubai and made his . As quoted by sports publication Mirror, Burnley are set to be sold to an Egyptian businessman named Mohamed El Kashashy. The company operates seven restaurants in the UAE, with plans to open two more before the end of the year. The food and leisure magnate is reportedly involved in talks to buy the Clarets. Burnley are the subject of a 200m takeover bid from Egyptian businessman Mohamed El Kashashy and lawyer Chris Farnell. He sold a stake in investment vehicle Lander Sports Development earlier this year, according to The Athletic, fetching an estimated 148.5m. 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It had been thought American sports investment firm ALK Capital were in pole position to buy the Clarets. Tachira venezuela loteria dominicana: 1: 12%: Pescaderia barriuso burgos lighthouse: 2: 13%: Forbach frankreich hotel: 3: 14%: Memorandum of understanding mou terms The lawyer had previously been involved in talks with Bury, having briefly served as a director at Wigan. His only signing this summer was Brighton midfielder Dale Stephens, while Joe Hart, Aaron Lennon and Jeff Hendrick were all released when their contracts expired in June. With the American investment firm ALK Capital also interested, a continuity club Sean Dyche is the third longest-serving manager in the Premier and Football Leagues and his squad has remained largely the same for years could undergo major change. Or by navigating to the user icon in the top right. Burnley - was a Farnell & El Kashashy story, now a leveraged US Burnley on verge of 200m takeover by Egyptian businessman Mohamed El Kashashy, Mohamed El Kashashy (left) and Chris Farnell, It is believed Mohamed El Kashashy is prepared to back manager Sean Dyche with major investment. 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