POST TIME: 13 January, 2019 00:00 00 AM
Chinese-American group set for full Nice ownership
AFP, Nice

Chinese-American group set for full Nice ownership

A Chinese-American group of investors are set to fully take over as owners of French Ligue 1 side Nice at the end of the season, the club's president Jean-Pierre Rivere announced on Friday.

Riviere as well as sporting director Julien Fournier will sell their remaining 20 per cent stake in the outfit coached by World Cup winner Patrick Vieira and the pair will stand down in May.

"It's an open secret that we have had our differences with our owners and these tensions have intensified during the transfer window," Riviere said in a press conference.

Hong-Kong-based OGC Nice Investment Company Ltd founded by Chinese-American Chien Lee, Chinese Alex Zheng and American Paul Conway originally bought it's 80 per cent share in June 2016.

Riviere and Fournier oversaw a succesful period both on and off the   field for the club since arriving in 2011.

They helped the side to reach the Champions League qualifying stages for the first time in its history and sold player like Jean-Michel Serri.