China to invest $111 million in France's Olympique Lyonnais

China to invest $111 million in France's Olympique Lyonnais
IDG Capital Partners would invest a total of 100 million euros ($111.68 million) in the club. Representational image. Photo: Reuters

French football club Olympique Lyonnais announced on Friday a project for Chinese investment fund IDG Capital Partners to take a 20 percent stake in the club.

IDG Capital Partners would invest a total of 100 million euros ($111.68 million) in the club through buying new shares and convertible bonds, Olympique Lyonnais said in a statement.

($1 = 0.8954 euros)

(Reporting by Alan Charlish in Gdynia, editing by David Evans)

 

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Reuters

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