Owner of four clubs: "Boards and investors are always chasing something, be it signing a right back, winning a trophy or wanting to get promoted. The number one goal should be balancing the budget"
27 January 2021
Pacific Media Group, led by American investor Paul Conway, has built a portfolio of four clubs including Barnsley and sides in France, Belgium and Switzerland.
Hyper-commercialisation has driven sustainability in American sports, according to Conway, who tells offthepitch.com clubs in Europe have a lot to learn.
An overemphasis on immediate performance and players is taking focus from building long-term strategies that will actually yield lasting results.
Having recently acquired AS Nancy Lorraine, his team, which also includes Tampa Bay Rays co-owner Randy Frankel, is looking to make further investments.
"The quickest way to lose money in football is on the squad."
Paul Conway's message is clear. Running a football club is not only about gathering the best players and paying the highest wages. First and foremost, it's about running a business that ensures you have the synergy to build a long-term strategy.
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