Paris: A group of Chinese and American investors have brought an 80 per cent stake in French Ligue 1 football club OGC Nice, the club announced.
The two key investors are Alex Zheng, president of hotel-owner Plateno Group, and Chien Lee, founder and chief executive of NewCity Capital, the club said in a press release issued on Friday. The other partners are Paul Conway, who represents the Pacific Media Group, Elliot Hayes, also from the United States, reports Xinhua. Club president Jean-Pierre Rivere will retain a 20 per cent stake in the club. With Julien Fournier, the general director, Rivere will continue managing the club for three years.