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.
By Leon Wobschall
Published 20th May 2020, 14:10 BST
Updated 20th May 2020, 14:14 BST
Paul Conway and Chien Lee.Paul Conway and Chien Lee.
Paul Conway and Chien Lee.

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.

Hide Ad
Hide Ad

A club statement read: "KVO is pleased to provide its supporters, sponsors and partners more information on its new investors that now control our club and has provided KVO with the stability for a bright future.

"Our new investors include Pacific Media Group, Chien Lee, Partners Path Capital and Krishen Sud."

Alongside Barnsley, the Pacific Media Group (PMG) also owns Swiss club FC Thun - who are currently bottom of the Swiss Super League - and failed in a bid to buy Championship Partick Thistle last year.

The group's bid to buy Thistle was thwarted due to guidelines put in place by the Scottish Football Association preventing the ownership of multiple clubs.

Related topics:Barnsley FCPartick Thistle