OGC Nice has been officially up for sale for several months, with figures at the club repeatedly confirming the status of the club. However, the directors have been scarce on details, failing to provide an update on the progress of the club’s sale, which is being managed by Lazard. However, Nice-Matinhave provided details of a prospective buyer.
Since purchasing a minority share in Manchester United, INEOS’ attention has turned firmly away from Nice. Investment in the club has been minimal in recent months as they look to find a buyer. Nice-Matin now understands that there are two interested parties, one from the USA and one from Europe. The former have even visited the club’s facilities alongside Jean-Claude Blanc.
INEOS initially sought to sell Le Gym for €200m, having bought them for €100m back in 2019. Recouping such a fee looks highly improbable, but before a fee can be agreed upon, the club must first secure their place in Ligue 1 for next season, given the bearing that will have on the valuation. Currently, Le Gym are three points ahead of AJ Auxerre, who occupy the relegation play-off place. The pair face each other in Auxerre next weekend – a potentially momentus game for Nice’s future.
GFFN | Luke Entwistle
