Burnley FC's owners have hit back after reports that payments owed to former directors, which are required to complete their takeover, have been delayed.
Management firm ALK Capital, which became the majority backer of the Premier League club at the end of 2020, are paying former owners Mike Garlick and John Banaszkiewicz as well as five smaller shareholders.
Reports in the Daily Mail suggested that payments had been delayed to give ALK more time to secure additional investment.
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However, in a joint statement, chairman Alan Pace, Mr Garlic and Mr Banaszkiewicz said the matter was "private" and that "every payment required as per the terms has been made on-time and in full".
The news comes after ALK offered to purchase fan-owned shares in the club in October.
At the time, Mr Pace said "the offer is the right thing to do" but "stressed there is no-obligation to sell".
In a joint statement, Alan Pace, Mike Garlick and John Banaszkiewicz said: "The conditions of the payment structure is a private matter between the three parties of ALK Capital, Mike Garlick and John Banaszkiewicz.
"However, we would like to confirm that every payment required as per the terms has been made on-time and in full, the future payment schedule remains in order and all parties have no concerns over the structure or the compliance to those terms.
"Our relationship is a part of a multi-year plan and we look forward to it continuing in a strong, positive matter."
