No, all the clubs in which they have majority shareholdings in the EU (Ostend, Nancy, Esbjerg and Den Bosch) are Conway and Hung (PMG) and Lee with Michael Kalt and Kishen Sud. Randy Frankel (who I don't think is an over-excited former racehorse) is also involved in Den Bosch. The 10% they have in Kaiserslautern is also PMG, Lee, Kalt, Sud and Frankel. At FC Thun in Switzerland it's Lee, Conway/Hung and the Seelig Group (who are principally known as film funders - X-Men, Deadpool, Avatar etc).
Three Premier League clubs considering buying Ostend - Wolves, Bournemouth and Newcastle. The price quoted to Wolves was indeed 10 million euros which if I've followed the trail correctly would give Lee, Conway and associates a 100% return on their initial investment of 4 million euros for 80% of the club. In the meantime, Ostend have been relegated are in financial turmoil, have players threatening to go on strike and fans totally alienated. From a Belgian football site:- How the Americans Sunk Ostend: Las Vegas on the Coast KV Ostend must bid farewell to the first division after a decade. Three years after its takeover by the American group PMG (Pacific Media Group), things have gone wrong. Everyone saw it coming, except the new owners. The first year under PMG's leadership was a great success. With cheap players who have performed very well. Maxime D'Arpino, Arthur Theate, Jack Hendry, Andrew Hjulsager and Fashion Sakala were all boosts. The last four were sold for about 15 million euros. But this money did not go into the coffers of KV Ostend. It was considered a "return on investment". Around €3 million was used to sign players during the 2021-2022 season, with the rest being free transfers. With players like Zach Medley, Kyle Duncan, Andrew Jung, Kenny Rocha Santos and Osaze Uroghide, KVO narrowly avoided relegation. That was a miracle in itself. Last summer, no expenditure. The motto was: "It worked last season, it will also work in this new financial year". It's like going to Las Vegas and putting all your money on a colour at roulette. Fifty percent chance. Especially when your most important player, Maxime D'Arpino, is out for a long time and no player is recruited to replace him. PMG approaches a football club like an ordinary business. And it became the 'Wild West' in Ostend. One more or less complaint? No worries: a battery of lawyers is there to solve the problem. But it is not with lawyers that you win football matches. Ganaye was also conspicuous by his absence last week The stories that come out of Ostend can be described as mind-blowing. The most recent example? Coach Dominik Thalhammer was under fire last week after part of his squad wanted to mutiny. Where was Managing Director Gauthier Ganaye? At home because he is sick for ten days. Even with the flu, he had to come and support his coach. Ganaye was also not present at the last home game, where the fans strongly criticized him. It was a frustration throughout the season. The general manager has hardly been seen at the club since he is also president of Nancy, a French club that is part of the same group. And now? The management of the West Flanders club no longer knows where it stands. Neither the commercial staff, nor the sports staff. What about sponsors, subscriptions, commercial activities for next season? What about the license? We are told that everything will be fine. But beyond that? There will also be no additional investment now. And the twenty players still under contract? Only a takeover by a wealthy and well-intentioned investor can eventually bring the KVO back to D1A. Because no, things are not going to get better with these Americans. They prefer to play rather than invest.
The owner of KV Ostend too greedy, despite the descent of the club! KV Ostend has gone down to the Challenger Pro League, and is for sale. But the Pacific Media Group is too greedy... even for Saudi Arabia. PMG is looking for a buyer for KV Ostend, which has dropped to D1B at the end of the classic phase this season. The rating of the Coasters has fallen, but the KVO was of interest to Saudi Arabia and no less than the Saudi Investment Fund, owner of Newcastle United. But according to information from Belgian journalist Sacha Tavolieri, discussions between the Pacific Media Group and the Saudis have been slowed down: Saudi interest has cooled due to the too high price charged by Ostend owners. Read more: https://www.walfoot.be/news/2023-05...mand-malgre-la-descente-du-club#ixzz82jzIsv00
