OGC Nice: an Englishman and a Saudi prince acquire 49% stake in the club, will increase to 80%

The English investor Edward Blackmore and a Saudi prince, whose identity has not been revealed, have acquired a 49% stake in the shareholding of OGC Nice (Ligue 1), said Jean-Pierre Rivère, the president of the club, on 29/01/2016. This 49% stake in OGC Nice's capital was previously held by the minority shareholder of the club, Gilbert Stellardo, a former club president.

"The first steps were taken today with Edward Blackmore and his partner in Saudi Arabia becoming minority shareholders of 49% of the club. The second stage, which should take place before the end of June 2016, will see them become majority shareholders. I will retain 20%, with 80% controlled by them, and we will continue to lead the club in the same way. The wish of our new investors is that Julien Fournier (CEO) and I remain to lead the club," said Jean-Pierre Rivère.

"This is a proud day for my partner and I. We have learned to love the club, the city and the region. We are on the same wavelength as Jean-Pierre Rivère: we want youth to blossom at the club. The club management and its foundations are unchanged. We…