LYON, France – A group of Chinese investors is set to inject 100 million euros ($111 million) into French club Lyon in a move that could threaten Paris Saint-Germain’s supremacy.
Lyon, which dominated the French league from 2002 to 2008, said Friday that Chinese investment fund IDG Capital Partners wants to acquire 20 per cent of its share capital.
The project includes a joint venture aimed at increasing the seven-time French champion’s presence in Asia.
Lyon president Jean-Michel Aulas has previously complained of “unfair competition” from PSG, which is backed by Qatari investors.
PSG has won the French league for the past four years and secured the domestic treble in each of the past two seasons.