IDG Capital Acquire Stake in Lyon

Chinese equity firm IDG Capital has purchased a 20% share of French Ligue 1 outfit Olympique Lyonnais.

The agreement, finalised earlier this week, will see the Chinese fund invest around $105m in the French side, who finished second behind Paris St-Germain in the French top flight last season.

The cash injection will reportedly be primarily used to lower the club’s debt levels, with president Jean-Michel Aulas confirming that the money will not be used to provide transfer funds.

Aulas also indicated that the club will collaborate on football development projects in China.