Chinese-American group set for full Nice ownership

Nice's French club president Jean-Pierre Rivere (L) and French sporting director Julien Fournier announce that they will sell their remaining 20% stake in the Ligue 1 side Nice and will stand down in May 2019

A Chinese-American group of investors are set to fully take over as owners of French Ligue 1 side Nice at the end of the season, the club's president Jean-Pierre Rivere announced on Friday.

Rivere as well as sporting director Julien Fournier will sell their remaining 20% stake in the outfit coached by World Cup winner Patrick Vieira and the pair will stand down in May.

"It's an open secret that we have had our differences with our owners and these tensions have intensified during the transfer window," Riviere said in a press conference.

Hong-Kong-based OGC Nice Investment Company Ltd founded by Chinese-American Chien Lee, Chinese Alex Zheng and American Paul Conway originally bought it's 80% share in June 2016.

Riviere and Fournier oversaw a succesful period both on and off the field for the club since arriving in 2011.

They helped the side to reach the Champions League qualifying stages for the first time in its history and sold players like Jean-Michel Serri, Alassane Plea and Brazilian Dalbert for a combined price of 75 million euros ($86m).

The Chinese-American consortium join Qataris at Paris Saint-Germain, Russians at Monaco as well as Americans at Marseille and Bordeaux as foreign majority owners of sides in France's top-flight.