The Clarets confirmed on Thursday that American investment group ALK Capital had purchased an 84% controlling stake in the club and that the deal had been ratified by the Premier League.
"We are very prepared to support Sean and the management team. We need time to get in and understand what their needs are, what we're planning for and what the decisions were that they've taken so far and where they desire to go but we are fully prepared to back the manager," Pace said in a video released by the club.
Pace said the consistency that Dyche has brought the club in his eight years in charge at Turf Moor, with the team in their fifth straight season in the Premier League, was one of the attractions of the club as an investment.
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