PMG Adds AS Nancy To Its Expanding Portfolio

January 5, 2021

Pacific Media Group has acquired AS Nancy, the French Ligue 2 outfit who will become the fourth club in Chinese-American consortium’s portfolio.

“Discussions with AS Nancy have been going on for several months and they ended on the last day of the year,” said Gauthier Ganaye in a statement.

“This does not mean that I will quit or reduce my tasks in Ostend. The fact that a new club is added to the consortium also means more sporting and economic possibilities for the KVO.”

He added: “I am delighted to be working again in France within a historic club which has a very special place in French football. It is with great humility that I succeed Jacques Rousselot, a true figure of French football since decades and driven by human values ​​in which I find myself.”

AS Nancy will now become the 9th club in Ligue 2 to be foreign-owned: Le Havre, Caen and Toulouse have American owners; Bahrain hold a 20% stake in Paris FC while the UAE’s City Football Group own Troyes AC. Both Sochaux and Auxerre are in Chinese hands. In 2019, Swiss Ahmet Schaefer, a former assistant of Sepp Blatter, completed a deal for Clermont.