Skip to main content

Consortium led by China magnate Lee completes Barnsley takeover

(Reuters) - An investor consortium led by Chinese businessman Chien Lee has completed a takeover of Championship side Barnsley, the British club's owners the Cryne family announced on Tuesday.

"The best interests of Barnsley Football Club and its fans have always been at the forefront of everybody's minds and the Cryne family is now happy to officially announce that a deal has been agreed between all of the parties," the club said in a statement on its website (www.barnsleyfc.co.uk).

The consortium also includes American investor Paul Conway and Grace Hung of Pacific Media Group. Lee, founder and chairman of investment company NewCity Capital, purchased 80 percent of French top flight club Nice in June 2016.

No details of the Barnsley deal were released but Reuters reported in September that the consortium will pay 20 million pounds ($27 million) for a 98.5 percent stake in the club from owner Patrick Cryne, who is terminally ill.

Cryne said the new ownership has "all the synergies, skills and resources needed to make a success of the future."

($1 = 0.7489 pounds)

(Reporting by Shrivathsa Sridhar in Bengaluru; Editing by Susan Fenton)



via Sify.com http://ift.tt/2BLYbBO
Labels:

Comments

Post a Comment

Popular posts from this blog

RB Leipzig's Jean-Kevin Augustin joins Leeds United on loan

Leeds [UK], Jan 27 (ANI): German football club RB Leipzig's Jean-Kevin Augustin on Monday joined Leeds United on a loan. The striker joins the Whites on an initial loan deal until the end of the season from Bundesliga outfit Red Bull Leipzig, the club said in a statement. Augustin joined the RB Leipzig in July, 2017 for a fee of 13 million Euros. The 22-year-old featured in both the UEFA Champions League and UEFA Europa League during his time with the German club, who finished sixth and third in his two seasons, where he scored 20 goals in 67 matches. French national helped his country win the European Under-19 Championship in 2016, where he scored the most number of goals and was adjudged as player of the tournament. Augustin is Leeds' third signing of the January transfer window following the joining of Elia Caprile and Ian Poveda. (ANI) via Sify.com https://ift.tt/2OiruB9
Post a Comment
Read more

Chelsea are a young team, need to improve a lot: Kovacic

London: Chelsea's Mateo Kovacic said they are a young team and need to improve a lot. Chelsea secured a 2-1 win over Hull City on Saturday in FA Cup. Michy Batshuayi scored the opening goal of the match in the sixth minute and Chelsea's second goal was scored in the 64th minute. "It was a tough game, as we knew that it would be, but we need to score in the first half two more goals. That's our problem in this moment but obviously we're happy to go through," the club's official website quoted Kovacic as saying. "It was because we didn't score on time - we had some chances and we didn't use them. In training, we are working on it but we are still a young team, a new team, and we need to improve a lot. We need to take our chances, which in this moment we are not doing great, but we have time to improve and I am sure we will do," he added. Chelsea are currently placed at the fourth position in the Premier League table with 40 points...
Post a Comment
Read more

Chelsea are a young team, need to improve a lot: Kovacic

London [UK], Jan 27 (ANI): Chelsea's Mateo Kovacic said they are a young team and need to improve a lot. Chelsea secured a 2-1 win over Hull City on Saturday in FA Cup. Michy Batshuayi scored the opening goal of the match in the sixth minute and Chelsea's second goal was scored in the 64th minute. "It was a tough game, as we knew that it would be, but we need to score in the first half two more goals. That's our problem in this moment but obviously we're happy to go through," the club's official website quoted Kovacic as saying. "It was because we didn't score on time - we had some chances and we didn't use them. In training, we are working on it but we are still a young team, a new team, and we need to improve a lot. We need to take our chances, which in this moment we are not doing great, but we have time to improve and I am sure we will do," he added. Chelsea are currently placed at the fourth position in the Premier League table ...
Post a Comment
Read more