Barnsley's new co-chairman Paul Conway has described the Championship club as "one of the best-run" in the country.

Conway is part of a consortium, headed by Chinese billionaire Chien Lee and also including baseball pioneer Billy Beane, that has bought an 80% stake in the Oakwell outfit.

The consortium, which also owns Ligue 1 club Nice, has taken over from Patrick Cryne, who has been diagnosed with terminal cancer, but whose family will retain a 20% stake.

"When we saw some of their results, both playing and financial, we thought it was almost too good to be true," Conway told a press conference.

"I think this is one of the best-run clubs in the country. We're just trying to bring that little extra push that helps this club to be successful.

"We're disciplined people. We're not going to do anything crazy but we believe year after year we can improve performance. We'll take our time."

Barnsley currently sit 20th in the Championship table.