China Fund Buys 20% of French Soccer Club, Forms Joint Venture

(Beijing) — Chinese venture fund IDG Capital Partners will form a sports-services joint venture with French soccer club Olympique Lyonnais in an equity tie-up that reflects China’s growing interest in European soccer.
As part of the tie-up, IDG Capital will also pay 100 million euros ($106 million) for 20% of Olympique Lyonnais Groupe, the owner of the Lyon-based club.
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