Nancy hit with a transfer ban
The Ligue 2 club AS Nancy was given a transfer ban and a salary limit by the DNCG.
Financial troubles have bombarded French football over the Mediopro controversy that saw a multi-million euro television deal failed due to a lack of subscribers that led the company to overpay for the privilege of broadcasting the games.
This meant clubs across the country were not getting the money they were expecting, and worse, it occurred during the pandemic, causing the situation for the teams to deteriorate exponentially.
The financial expert Swiss Ramble, for example, has broken down the numbers of the French teams currently in debt.
Half of gross debt in # Ligue1 is driven mainly by investments in new stadiums with only two clubs, Lyon € 227m and Lille € 61m (previously € 129m). The next highest debt is Saint-Etienne with 40 million euros. 10 clubs have less than 10 million euros in debt, including #PSG with zero financial liabilities. pic.twitter.com/cClOcCmEJt
on???? Swiss Ramble (@SwissRamble) August 2, 2021
As a result, authorities have made sure that restrictions are put in place to prevent over-spending and Nancy has been banned due to financial irregularities.
Nancy finds a way to work around it
However, Ligue 2 clubs have complained because Nancy was able to do business through a loophole in their ban despite passing DNCG checks.
Thanks to the team’s association with the Belgian club Ostend, they have managed to loan out players who were signed by the Belgian club this summer.
For example, striker Andrew Jung was bought by Oostende and then loaned to the French for two years.
KVO holds top schutter @Andrewcadabraa away bij de Franse tweede class @LaBerrichonne .
De spits tekent t / m 2025 maar wordt wel eerst nog uitgeleend @asnlofficiel @GGanaye : “This is a bitter transfer, zowel voor KVO as voor Nancy.”
👉 https://t.co/YBavEgv40g pic.twitter.com/aCvG0bPdhm
on???? KV Ostend (@kvoostende) July 27, 2021
Therefore, 11 Ligue 2 clubs wrote to the DNCG president demanding action.
‘AS Nancy -ON Lorraine historical institution and respectable football is French from the start of the year with a new governance Recruitment Process That It was imposed by the DNCG after reviewing its financial positionÂ .Â By the Belgian Ostend Club, which is controlled by the same shareholders, does not respect ASNL the restrictions imposed on other L2 clubs In view of this unfair competition and the blatant inequality that is emerging within the Ligue 2 championship, the undersigned clubs demand:
‘To the The President of the DNCG should meet with his committee as soon as possible to take the necessary action after that not -ON Compliance with the measures that he gave the association of ASÂ. has communicated N / A L. In order to give the President of the LFP the Council of directors for proposer any provision that ensures a fair and equitable conduct of the League 2 championshipincluding contact with a the Association European League® s , which also includes professional leagues European.’
Stay tuned to 101 Great Goals for updates on this evolving story.
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