Tuesday 19 December 2017

BARNSLEY'S BILLIONAIRE

There are plenty of Chinese in Barnsley, a lot of Indians and one of the best Bangladeshi restaurants in the region. So it is no surprise that the latest news to come out of Oakwell is the imminent take over of the club by a billionaire Chinese consortium from French club Nice and owned by Chien Lee. In their first year of investment, the French League club finished 4th in the top division and qualified for the Champions League

Lee made his fortune through the hotel company Plateno Group and the investment company NewCity Capital. Lee includes US Film financier Paul Conway, along with his business partner, Grace Hung, Gauthier Ganage, Neerav Parekh and US Baseball legend Billy Beane of "Moneyball" fame.
Previous owner for 13 years, Patrick Cryne, who has kept the club invested over some exciting years is reported to be suffering from cancer and he has stepped down explaining his situation by writing to the supporters.
The group has spoken to Brentford FC and Middlesbrough in the recent past about investment.

I noted this take over earlier in the season:
http://baileyfootballblog.blogspot.co.uk/2017/09/tykes-takeover.html

Barnsley, presently 20th in the Championship and on a lengthy winless run, need some investment for sure! Especially at Christmas. Manager Paul Heckingbottom has signed many young players from lower leagues and into Scotland in an attempt to inject some energy into the club. Don't expect lashings of money, but hopefully some considered "regeneration".

It is great listening to TalkSport and Darren Gough describing the sites of Barnsley....he paints a pretty picture!

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