Chinese fund to take 20-percent stake in France’s Olympique Lyonnais

Lyon (AFP) – Chinese investment fund IDG Capital Partners is to take a 20-percent stake in the holding group that owns French Ligue 1 club Olympique Lyonnais, the club said Friday.

The fund will pay 100 million euros ($112 million) for the stake, which will be used to help reduce debt, partly incurred from building a new stadium, it said. Under the deal, the OL brand will be promoted in the Chinese market.