Natural mineral water brand Alps sign three-year partnership with BWF
21 Aug 2019 20:30
On the 13th December, IDG Capital and the Olympique Lyonnais(OL) Group hosted a press conference to announce that IDG Capitalhave successfully invested in the OL Group and hold 20% of their shares. The French Ambassador Maurice Gourdault-Montagne, the Technical Director of the China Football Association Li Feiyu, the President of the OL Group Jean Michel-Aulas, the Co-Founderof IDG CapitalXiong Xiaoge, the Investment Partner of IDG Capital and the President of Xingzhi Sports (literally translated) Li Jianguang attended this press conference.
The investment of IDG into Olympique Lyonnais was officially announced at the press conference. In the meantime, Xingzhi Sports, which has been acquired by IDG Capital, will cooperate with the OL group to build up a joint venture company, Beijing Lyonnais Xingzhi Sports Culture Limited (literally translated) in China. This company will be involved in the business of promoting football schools, sports consultancy, sports sponsorship and sports tourism with its main business focusing on the development of football schools.
The youth training of Olympique Lyonnais Group is ranked Number 1 in France and this cooperative youth training in China was formed as a joint venture, which is the first and only case in this country currently. Unlike the usual brand licensing model of Chinese companies’ investments in overseas sports clubs, the joint venture is an effort to explore extensive and in-depth cooperation in the Chinese market.
Proofread by Sean O Diobhilin
Future of Sport: a resounding success for the Global Sports Week and Viva Technology collaboration
21 Jun 2023 12:27
Related coverage
01 Dec 2016
FC Bayern Football School Shenzhen set to be launched
24 Jul 2017
First Chinese club partnership for Celtic Soccer Academy
15 Dec 2015
Evergrande to launch first football training base
02 Aug 2016
Ronaldo joins forces with Martins to launch Ronaldo Academy in China
24 Sep 2015
More from Yutang Sports
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023
Discover why SportAccord plays central role for Silvers in strategic partnerships
22 Feb 2024
Leading legal minds tackle athlete representation and rules for transgender athletes at LawAccord
16 Feb 2024
SportAccord calls for the power of sport to lead anti-abuse actions
17 Apr 2024
Discover the SportAccord Summit sessions!
31 Jan 2024
Yutang Sports
loading...