PARIS (Reuters) - A group of Chinese and American investors have brought an 80 percent stake in French Ligue 1 soccer club OGC Nice, the club said on Friday without disclosing the fee.
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.
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"We want to use our business contacts to develop the club in China," the statement quoted Lee as saying.
Club president Jean-Pierre Rivere will retain a 20 percent stake in the club.
(Reporting by Matthias Galante; Editing by by Richard Lough)