Global Sports Leaders Urged to Collaborate on Post-Tokyo 2020 Momentum at Virtual IF Forum
05 Nov 2021 21:32
Chinese hi-tech company Ledus on Monday officially took over FC Sochaux from carmakers Peugeot, making the French second division club the first in Europe under total Chinese control.
Peugeot announced on the same day that share transfer of the Ligue 2 club had been completely finished.
"It's the conclusion of a journey started almost a year ago," club president Denis Worbe said.
The deal, reportedly worth seven million euros, was set in motion in February by Hong Kong-listed electrical components manufacturer Ledus, a subsidiary of Tech Pro.
Ledus head Li Wing Sang, speaking at a press conference alongside Worbe, added: "We don't want to change anything in the club, we want to keep its culture and continue its history."
"We are here for the long term. We are not traders! We don't want to move anyone from the heart of the club."
"And we hope to go back up to Ligue 1 in the shortest time possible," he said, with a budget for next season higher than the last."
The goal, the Chinese businessman added, was "to make Sochaux an international brand to reach out to numerous markets".
Sochaux were set up by Peugeot in 1928 for their workers and the club's Auguste-Bonal stadium stands beside a Peugeot factory that still employs 10,000 workers.
Peugeot have in recent times focused on auto racing and tennis, while Sochaux, the first professional football team in France and who spent a record 66 seasons in the French top-flight, were relegated last year into Ligue 2.
Global Sports Leaders Urged to Collaborate on Post-Tokyo 2020 Momentum at Virtual IF Forum
05 Nov 2021 21:32
Global Sports Week Paris Announces New Dates for 2022 Forum as Supporter Base Grows
14 Jan 2022 17:39
Yutang Sports Appointed as an Official Media Partner of the Global Sports Week 2022
24 Feb 2022 14:20
Related coverage
Air, traffic and venues all guaranteed: Beijing 2022
30 Jul 2015
E-sport enjoys rapid growth in China
15 May 2015
China’s first American football stadium
29 Mar 2016
China welcomes an unprecedented soccer fever
15 Aug 2016
Guo Yan: from world champion to business 'maker'
30 Jun 2015
More from Yutang Sports
Ivo Ferriani Confirmed as New SportAccord President
15 Dec 2021
Coca-Cola, Betclic and World Rugby headline additions to final parter roster for the GSWParis 2022
27 Apr 2022
Yutang Sports Appointed as an Official Media Partner of the Global Sports Week 2022
24 Feb 2022
Global Sports Week Social Booster 2022 Winners Revealed
18 Mar 2022
Global Sports Week Concludes in Paris and Los Angeles
14 May 2022
Yutang Sports
loading...