PMG-owned AS Nancy relegated to French 5th tier for financial irregularities | OneFootball

French football’s financial watchdog, the DNCG, announced on Tuesday that it had decided to relegate AS Nancy Lorraine to the 5th tier of French football owing to financial irregularities when presenting its budget for the 2023/24 campaign.

Nancy, who were relegated from the 3rd to the 4th division of French football during the 2022/23 campaign, have now been relegated a further division by the DNCG.

Their owners, Pacific Media Group, also own stakes in Belgian 2nd division side KV Oostende, English League One outfit Barnsley and several other European clubs.

As it stands, the DNCG have provided little additional public context on the deal, aside from the fact the club failed to provide the necessary financial guarantees to be able to begin the season in the French 4th division.

AS Béziers, who won their National 3 (French 5th division) group during the 2022/23 campaign, have been blocked from promotion to the 4th tier by the DNCG for a similar reason for why they punished Nancy.

Both clubs will have an opportunity to appeal the decision.

GFFN | James Thorpe