At the end of the season, Blessin won the Manager of the Year in Belgium. As a result, the Investors and other existing BFC shareholders, have reconstituted the Clubs board as follows: These changes mean that the Clubs board now comprises: Neerav Parekh, James Cryne, Jean Cryne (pending EFL approval), Julie Anne Quay (pending EFL approval), Khaled El-Ahmad (Chief Executive Officer) and Robert Zuk (Finance and Operations Director).Commenting on the rearrangement, Neerav Parekh said: Barnsley Football Club is an anchor institution of this town and we, as custodians, are aware how much this Club means to the people of Barnsley. They stayed up on the final day courtesy of a stoppage-time winner at Brentford but the sequel to last seasons miraculous escape might yet trump that climax. Pacific Media Group consortium bought Barnsley in 2017. We want to continue to move forward to finish this great season as high as we can.. Compare Standard and Premium Digital here. As of March 2022, Lee has invested in 8 European football clubs. Owner and newly appointed Club director, Jean Cryne, commented: As a collective, we will bring leadership to help the Club reach its potential, providing a clear and transparent purpose. At 26, Cauley Woodrow is one of Barnsleys oldest players. Original reporting and incisive analysis, direct from the Guardian every morning. The takeover of the Championship outfit has been approved by the English Football League (EFL), the organising body for the second, third and fourth tiers of English club soccer, ending Patrick Crynes 13-year spell as owner. Page 2 of 2 < Prev 1 2. [14], Lee is the founder, chairman, and CEO of NewCity Capital, a private investment company, focused on the sport and hospitality industries. Data-driven club were nearly relegated last season but the young team are unbeaten in 10 and in a play-off position now. Lee believes there are many talented players in Belgium, and the K.V. Come on, you Reds.. For further information regarding Insider events, please use the contact details below: T: 0161 907 9758 Barnsleys style has revolved around suffocating and sapping opponents for a few years but, nine months ago, the landscape looked markedly different. [70] The club qualified for the UEFA Champions League for the first time in its history. Pacific Media Group (PMG), the co-owner of Barnsley, has agreed a deal to buy FC Den Bosch, The Athletic can reveal. [67][68] During Lee's first year of ownership, the club built a new state-of-the-art academy and training center to focus on the training of young players, appointed Lucien Favre as OGC Nice manager,[69] and signed Italian striker Mario Balotelli from Liverpool F.C. E: stephen.farrell@newsco.com, Andy Slim, Managing Director, North We support credit card, debit card and PayPal payments. [47] In September 2021, Lee completed the acquisition of FC Den Bosch,[48] the first multi-club ownership deal in the Netherlands. Through Pacific Media Group, an advertising business, they own KV Oostende in Belgium, FC Thun in Switzerland and AS Nancy in France, with each performing better than when acquired. Sheikh Mansour has piped more than 1 billion into City Football Group, including Manchester City F.C. At the time of purchase of the Club from the Cryne family in 2017, the majority of Pacific Media Group's (PMG) shares in BFC were owned by several individual private investors (Investors), who had agreed to the appointment of PMG as their temporary nominee. Become an industry insider. BARNSLEY majoity shareholders Pacific Media Group have added to their sporting portfolio after completing a deal to take over debt-ridden Belgian outfit KV Ostende. Second-tier English soccer side Barnsley FC have been sold to a consortium headed by Chinese billionaire Chien Lee of NewCity Capital and Pacific Media Group, which is led by Paul Conway and Grace Hung. [80], In Barnsley's first full season under new ownership, Daniel Stendel was appointed as head coach on 6 June 2018,[81] and the club was promoted to the English Championship. Have you made the most of our latest offer in the Reds Superstore? cookies The season 2021-22 was a disaster and AS Nancy Lorraine was relegated to the 3rd division for the first time in history, with only 23 points for the season. Bundesliga. Keep abreast of significant corporate, financial and political developments around the world. [73] In August 2019, according to the Financial Times and ESPN, Lee sold OGC Nice to Ineos, run by Great Britain's richest man Jim Ratcliffe, for 100 million,[74] making OGC Nice the most expensive sale ever in French football history at the time of the transaction, costing significantly more than the 79m spent by the Qatar royal family to buy Paris Saint-Germain in 2011, and the 45m paid out by Frank McCourt for the acquisition of Marseille in September 2016. A film based on Lewis' book, starring Brad Pitt and Jonah Hill, was released in 2011. Pacific Media Group (PMG) acquired the Tykes from the Cryne family in 2017. agreed to pay 2 million to meet the release clause and buyout Ismael's contract, with the club stating that proceeds from the transfer would be invested back into the club squad. Beane, meanwhile, is credited with pioneering MLBs Moneyball model, which uses statistical analysis to inform player recruitment and tactics. FC Kaiserslautern,[114] one of Germany's most legendary clubs, based in Kaiserslautern, Rhineland-Palatinate. Pacific Media Group (PMG), the holding company that owns Barnsleyas well as KV Oostende (Belgium), FC Thun CFG (Switzerland) and AS Nancy (France)has the 130-plus-year-old club in the playoffs despite maintaining one of the lower wage budgets in the English League Championship (there are clubs with budgets 8-10x the size). [99][100], In Lee's first year of ownership in the 202021 season, with a frugal policy but a clear vision, KV Oostende finished in 5th place and made it to the playoffs for the Europa League play-off group with one of the youngest squads and the smallest budget in the league. PMG, which is led by American businessman Paul Conway, uses data to identify talented players and coaches, and has developed a reputation for being one of the smartest of the many multi-club groups that are forming across the global game. Before that, he spent 16 years with the BBC and then three years as chief sports reporter for the UK/Ireland's main news agency, PA. However, in the following season Barnsley FC were relegated from the EFL Championship after playing highly unattractive football. theathletic.com SUBSCRIBE NOW. [115] Lee pursued the investment in 1. Many European soccer clubs are struggling to survive and find themselves in alarmingly poor financial positions. It was the right decision in terms of not getting lost as a youngster., On Wednesday, Ismal again played his party trick: a triple change before the hour mark to replenish his attack as if a Formula One car refuelling. "James and I love this Football Club and we will continue Patrick's legacy in building a true community club. [116], On May 24, 2022, during Lee's first year of investment, FC Kaiserslautern earned promotion back to the 2. olding your nerve is a very polite way of putting it, says the Barnsley chief executive, Dane Murphy, breaking into laughter as he recalls this time last year when the club was propping up the Championship and seven points from safety. Barnsley has some of the most passionate fans in England and we look forward to meeting many of its supporters in the upcoming weeks." A statement on Barnsley's website confirmed that Lee,. April 29 After prolongated negotiations, American investment group Pacific Media Group (PMG) has become the new owner of struggling KV Oostende. Type in the area above to perform a search. [24][25] After formally ending his takeover bid for Hull City FC in November, Lee made an offer to buy Middlesbrough FC, but was rejected by club owner Steve Gibson in January 2017. In fact, relegation has been ruled out for next season, too, which partly explains the club's attraction to PMG. We face teams week in, week out that have eight, nine, maybe sometimes 15 times the budget of what we are working with, says Murphy. In 2017, former owner and billionaire businessman Marc Coucke left Oostende for Anderlecht and ever since the club has been struggling financially, owing Coucke 6.2 million, labouring under a skewed salary structure, stadium rent, and an operational deficit of 9.6 million in the 2018-2019 season. On Campus; SBJ Atlas; SportTechie; Newzoo; Leaders in Sport university He has created an internal infrastructure and a management team who are able to operate businesses in multiple countries, each with their own unique culture, language, and operational differences. We are proud Barnsley fans and truly understand the emotion and connections associated with being a Red. | Pacific Media Group Ltd is a leader in the investment and distribution of . His multi-club ownership approach creates the ecosystem where each club is run with this financial and recruitment model. Lee completed the acquisition of K.V. [123][124] The hotel chain has grown from 5 hotels in 2 cities in 2005 to 283 hotels in 41 cities when it was listed on the NYSE. [34][35][36], In May 2020, Lee completed the acquisition of KV Oostende Football Club, the only professional football club on the Belgian coast and the 4th European soccer investment for him. [117], Lee has invested significantly in the hospitality industry. Holding your nerve is a very polite way of putting it, says the Barnsley chief executive, Dane Murphy, breaking into laughter as he recalls this time last year when the club was propping up the Championship and seven points from safety. The club was finally relegated to the 2nd division in May 2022. Discussion in 'Bulletin Board' started by MexboroughTyke, Feb 5, 2021. Crucially, they all happen to be owned by the Pacific Media Group, an advertising-solutions firm. (Photo: Joris Verwijst/BSR Agency/Getty Images). But the new deal marks a lifeline for Oostende. Now imagine a scenario of three different clubs, owned by the same group, all being relegated in a single year. I think that is another reason why we have to stick to our true north in the path that we are on with the data because if we go outside the lane and say: OK, with this one player we are going to go beyond our means, then the dam breaks. I think its a good idea it means we have a scouting network we can tap into across Europe and clubs we can send young players on loan to help with development if they do It right. There was not a lot of sleep, says Murphy. Neerav Parekh said: "Barnsley Football Club is an anchor institution of this town and we, as custodians, are aware how much this club means to the people of Barnsley. AS Nancy, FC Thun, and Esbjerg fB all chased promotion. In 2015 Jinjiang Hotels bought 81% of 7 Days Inn. Upon the expiration of this nominee arrangement, the investors directly registered their ownership interest in BFC. Last week, the citys mayor Bart Tommelein had announced that an agreement had been reached between the American investment group, the city and Alychlo, the holding company of Coucke. The area above to perform a search Ltd is a leader in the investment distribution! 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