City Football Group are holding advanced negotiations with French Ligue 2 side AS Nancy Lorraine regarding a purchase of the club itself, according to l'equipe.
The negotiations are believed to be entering the final stages, as two sources who have been contacted by Get French Football News did not refute the claims.
Sources are also indicating that the deal may have been underway for sometime, with talks starting early last summer.
Should the negotiations prove successful, the current club president Jacques Rousellot would remain in charge for the next two years before presumably handing the reins to a successor appointed by the CFG.
Rousellot himself, had a say on the reported takeover, courtesy of L'Equipe: “The club’s sale is moving forward and things have accelerated and intensified with the City Football Group, who are very precise and meticulous in their analysis of the club...”
According to L'Equipe, as relayed by Sport Witness, the significant increase in TV rights for French football is a likely factor in City Football Group’s interest in the country’s football clubs, with AS Nancy not the only side to have been approached by investors.
The same report went on to suggest that as a result of Manchester City’s recent UEFA ban, the City Football Group want to increase their standing and influence in European football, to help them with the balance of power in the continent’s football.
If the deal were to be completed, they'd join New York City, Melbourne City, Yokohama Marinos and more to become a part of the City Football Group.
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