British football seeks EU access by buying smaller teams – Money Times

Hey United kingdom He’s out of it European UnionBut, through a series of seemingly unfashionable signings, his football teams may have found a way to keep one foot in the area as they search for the next Cristiano Ronaldo.

Pacific Media Group, which controls Barnsley Football Club in the United Kingdom, is in talks to buy a lower-tier team in France, co-founder Paul Conway said in an interview.

The entertainment group as well I finish Last week, a majority stake in KV Oostende was acquired from Belgium.

The negotiations follow a series of similar moves by team owners such as Manchester City and Leicester City.

One benefit of these investments is that they provide UK clubs with a way to maintain access to young talent in Europe during the transition period after 2019.Britain’s exit from the European Union Completion at the end of the year.

“Brexit will only accelerate M&A deals in Belgium and France,” Conway said by phone this month. He added: “English clubs want to be present in Europe, where they traditionally select a large number of promising young players.”