Future of Sport: a resounding success for the Global Sports Week and Viva Technology collaboration
21 Jun 2023 12:27
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
Future of Sport: a resounding success for the Global Sports Week and Viva Technology collaboration
21 Jun 2023 12:27
Related coverage
DDMC buys Super Sports for US$500m
13 Jul 2017
Rumour: Evergrande linked to West Brom deal
28 Jul 2016
Oriental Pearl Media, Super Sports and Shankai Sports may team up on UEFA media rights
07 Dec 2015
Under Armour wins trademark infringement case in China
07 Aug 2017
Liverpool denies Chinese £800m bid
22 Aug 2016
More from Yutang Sports
SportAccord Summit 2024 Logo Unveiled
29 Nov 2023
Future of Sport: a resounding success for the Global Sports Week and Viva Technology collaboration
21 Jun 2023
SportAccord announces first speakers - World Sport & Business Summit 2024
06 Dec 2023
Yutang Sports Appointed as the Official Media Partner of the Future of Sport
14 Jun 2023
SportAccord Welcomes Return of Principal Media Partner Yutang Sports
01 Feb 2024
Yutang Sports
loading...