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SBD Global/August 21, 2017/Franchises

Barnsley In Advanced Talks With Consortium Led By Chinese Investor Chien Lee

Championship side Barnsley is in advanced discussions with Ligue 1 side Nice’s Chinese billionaire majority shareholder Chien Lee "over a takeover," according to Jack Gaughan of the London DAILY MAIL. The club has held talks with Lee and his consortium, which includes U.S. businessman Paul Conway, and "there is hope of a swift conclusion." Sources in France said that the club is "seen as a key purchase" as the group looks to expand its commercial portfolio. Lee, who made his fortune with hotel firm Plateno Group and investment company NewCity Capital, is "looking to secure a full buyout." Sources close to Lee insisted his consortium is "not planning to plough huge finance into Barnsley" but believes it "can fund a tilt at Premier League promotion" (DAILY MAIL, 8/18).
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