Lyon to receive €100m investment from China's IDG Capital Partners
Lyon, which dominated the French league from 2002 to 2008, said Friday that Chinese investment fund IDG Capital Partners wants to acquire 20 percent of their 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 have won the French league for the past four years and secured the domestic treble in each of the past two seasons.