British investment fund in advanced talks to buy OGC Nice

OGC Nice’s future is closer to being resolved, with a British investment fund in talks to sign the Ligue 1 club, as per a report from L’Équipe.

Nice’s future has been in suspense for many months. It has been over a year that the INEOS-owned club has been up for sale, with the owners mandating Lazard to find a buyer. For several months, American interest had been touted. However, with the club sliding into a relegation battle, the deal did not progress. Le Gym’s status in the top flight for next season was secured thanks to a 4-1 win over AS Saint-Étienne in the promotion/ relegation play-off at the end of May. 

The club set a date of 15th June to advance the deal and progress has been made with a deal with an unnamed British investment fund now close, L’Équipe understands. The arrival of competition to purchase the French club has likely driven up the price, the publication adds. 

GFFN | Luke Entwistle