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Chinese, U.S. investors buy 80 percent of French football club Nice

PARIS (Reuters) - A group of Chinese and American investors have brought an 80 percent stake in French Ligue 1 football club OGC Nice, the club said on Friday without disclosing the fee.

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Source: Reuters


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The club said the two principal investors are Alex Zheng, president of hotel-owner Plateno Group, and Chien Lee, founder and chief executive of NewCity Capital.

They have partnered with Paul Conway, who represents the Pacific Media Group and a fourth investor, Elliot Hayes, also from the United States.

"We want to use our business contacts to develop the club in China," the statement quoted Lee as saying.

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Club president Jean-Pierre Rivere will retain a 20 percent stake in the club.

(Reporting by Matthias Galante; Editing by by Richard Lough)


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