A dairy cow also has to eat: proceeds of millions of transfers are not yet reinvested in KV Oostende | Belgian Football

KV Oostende has lost its charming top trainer, while the situation in the standings looks precarious as usual. The sale of Blessin may be a painful blow to the supporters of the coastal team, but for the American investment group it is a new triumph. After all, which first division manages to sell its trainer for 2 million euros, an amount that brings the total balance of transfers since last summer, roughly estimated to almost 12 million euros in profit. While a significant sum of one million euros has only been paid for Makhtar Gueye since the takeover in 2020, the sale of Theate (5), Hendry (4.5), Bataille (2), Hjulsager (1.8) and now Blessin also brought in a lot of money. Mission accomplished for the American owners, often misquoted as ‘Pacific Media Group’. Only Paul Conway is part of that. He owns KVO along with Chien Lee (NewCity Capital), Michael Kalt and Randy Frankel (Partners Path) and Krishen Sud (Sivik Global) – the four investors who pumped money into KVO. They have monetized the total investment of approximately EUR 5 million in two years, to say the least.