Pacific Media Group’s Paul Conway eyes club in 'Big Five' European league despite mixed results elsewhere
Alamy
Counter Press Acquisition Corporation, a "sidecar vehicle" to Paul Conway’s Pacific Media Group (PMG), has raised $75 million to take a minority stake in a top-tier European club.
Conway says PMG will not change their strategy and are turning away investors despite poor on-pitch performance from several clubs in their portfolio this season.
Why it matters: PMG already has control of six clubs but Conway's investment with Counter Press would be a minority stake in a bigger, more established team.
The perspective: Multi-club ownership is attractive to investors for the "synergies" it offers between clubs. But when results aren't going well on the pitch, are fans and investors still convinced?
23 February 2022 - 4:10 PM
American investor Paul Conway wants to take a minority stake in a "middle market club" playing in one of the 'Big Five' European leagues.
Conway is the co-founder Pacific Media Group (PMG), which already controls six clubs in Europe. In an interview with Off The Pitch, he says the minority stake will be acquired by Counter Press Acquisition Corporation, a special
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