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One is not enough: the growth in football’s multi-club ownership model
An idea taken to new levels by City Football Group is mushrooming in popularity – with mixed success“One lesson from all of this is that it’s difficult to be at two clubs,” reflected the Nancy president, Gauthier Ganaye, after their relegation to France’s third tier last month. Feted as English football’s youngest chief executive after joining Barnsley for a short spell in 2018 at the age of 30, Ganaye spent last season juggling his role at Nancy with his job as executive president of the Belgian club KV Oostende.Barnsley, who were relegated from the Championship in April despite reaching the playoffs last year, are, like Nancy and Oostende, part-owned by New City Capital – an investment group that also includes American investors, the Pacific Media Group. “The starting brief was never that I’d be there 100% of the time,” said Ganaye of his dual roles. “Discussions are under way in order to define a structure that can allow all of the clubs in the group to function.”