Barnsley FC owners complete deal to purchase Ostende
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.
The Pacific Media Group have acquired a majority shareholding in the struggling Belgian First Division A club - paying off part of the debts immediately, with another part to be paid off in the longer term.
Ostende are second from bottom in the Belgian top-flight.
Former Barnsley CEO Gauthier Ganaye is expected to take up a role at the club.
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