August 3 – Eleven Ligue 2 clubs in France have denounced what they claim is unfair competition in terms of multi-ownership by the Pacific Media Group.
The clubs have written to French football authorities protesting at the way Nancy have been able to get round a transfer ban, imposed because of financial irregularities, by allegedly exploiting a loophole.
Due to the team’s association with KV Oostende, controlled by the same shareholders, Nancy have managed to bring in players on loan who have been signed by the Belgian club.
Pacific Media Group acquired AS Nancy last January, the fourth club in Chinese-American consortium’s portfolio along with KV Oostende, Barnsley in the English Championship, and Swiss team FC Thun.
Nancy, the signatories say, have been “blithely ignoring” the recruitment ban imposed by the French financial watchdog while other clubs have been tightening their belts, resulting in flagrant inequality and unfairness” compared with the rest of the division.
The 11 clubs have threatened to play reserve teams against Nancy if the situation is not resolved.
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