Chinese owner ready to invest up to €100m in FC Sochaux

Li Wing-Sang, CEO of Hong-Kong based lighting company Ledus and the new owner of French Ligue 2 side Sochaux, said that he is ready to invest up to 100 million euros ($109m) in the club to make a push for promotion, according to LE FIGARO.

“Today, we have the fifth lowest budget in L2. If necessary, we are ready to invest 10, 20 or 100 million euros, but what interests me is how we will invest. We need to know if we will have guarantees,” he said. 

When asked what he would do if Manager Albert Cartier were to request €10M ($11M) to recruit a striker, Li responded, “If he can tell me how it will serve the club and it’s a reasonable decision, I’ll talk. … We must all work together, it’s a team effort.”

Back in July last year, the Chinese lighting company was officially confirmed as the new owner of French side FC Sochaux-Montbéliard. Under the deal, the club was transferred from the Peugeot family to Ledus for a fee of around 7 million euros, giving the Chinese company 100% ownership of the Ligue 2 club.

According to LE FIGARO, Li’s fortune is estimated at around €95M ($103M). Li hopes to take Sochaux into Ligue 1 within two years, and his summer objective is to invest in new players. Sochaux currently sit 17th in Ligue 2. 

Source: Sportsbuisness

Proofread by John Devlin