Home Latest News City Football Group keen on acquisition of Ligue 2 side Nancy

City Football Group keen on acquisition of Ligue 2 side Nancy

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City Football Group are interested in adding Ligue 2 side AS Nancy Lorraine as their tenth acquisition. The CFG last added Belgian First Division B club Lommel SK as their ninth club throughout the world.

City Football Group functions under the ownership of Abu Dhabi United Group (ADUG) and was founded in 2014. The Abu Dhabi United Group (ADUG) was founded in 2008 when owner Sheikh Mansour bought Manchester City from Former Thai PM Thaksin Shinawatra.

The negotiations between Nancy owner and CFG were going on but the takeover is currently suspended due to the ongoing coronavirus pandemic. Nancy’s president Rousselot said that the deal was expected to be wrapped up in March but the discussions have been suspended due to the coronavirus outbreak.

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“I am worried,” Rousselot told L’Equipe.

“I am on the frontlines. It was supposed to be done on 31st March. I had informed the smaller shareholders. The general assembly was due to occur at the end of March for the deal to be closed. We have been in quarantine since 16th March and the negotiations have been suspended.

“That does not mean that they have been stopped. This is not the end of the road. I will have to continue to look for resources, ways to find solutions to assure that the club can function.”

However, City Football Group have admitted that the discussion of the takeover is temporarily suspended and the owners are still keen on adding the French side to its portfolio.

City Football Group said in a statement to L’Equipe: ‘We still want to acquire AS Nancy Lorraine. We are facing a global crisis. There are aspects today that we are not in control of. But we have not changed direction.’

If CFG acquires AS Nancy in the near future, it will become the tenth football club to be under its umbrella. Other clubs under CFG are Premier League champions Manchester City, New York City (USA), Melbourne City (Australia), Yokohama F. Marinos in (Japan), Club Atletico Torque (Uruguay), Girona (Spain), Sichuan Jiuniu (China), Mumbai City FC (India) and Lommel SK (Belgium).

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