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PARIS www.cheapairmax270shoes.com , May 18 (Xinhua) -- French second division soccer clubSochaux announced Monday to have signed an agreement with Chinesecompany Ledus over selling 100% of the club's shares for 7 millioneuros.


Ledus, a Hong Kong listed electrical components manufacturer,had contacted the club's previous owners, carmaker Peugeot, inFebruary to propose a "credible project for the club" for "all theissued share capital and voting rights".


Calling it "a new milestone in the transfer of FCSochaux-Montbeliard" cheap nike air max 270 online , the Ligue 2 side said the deal signed onMonday has validated all terms of the letter of intent set inFebruary.


"The terms of this agreement fully meet the objectives set bythe current shareholders of looking for a robust and sustainableproject, and should enable the FCSM to have financial resourcesconsistent with the legitimate sporting ambitions of the club,"read Sochaux's official press release.


"The sale will be made upon receipt of permits and completion ofwork. The goal remains to enable the buyer to take control of theclub for next season," it added.


Li Yongsheng, Chairman of Ledus' holding company cheap nike air max 270 shoes , the Tech ProTechnology Development, promised last month that he had no plan tomake big changes to the current running structure of the club.


Founded by the Peugeot family in 1928 for its workers, Sochaux,twice Ligue 1 champions in 1935 and 1938 as well as the French Cupholders in 1937 and 2007, had spent a record 66 seasons in the topflight before being relegated in 2014.


PSA Peugeot Citroen cheap nike air max 270 , who has in recent times focused on motorracing and tennis, announced last year that it wanted to sell thefootball club and concentrate on auto racing, while Tech Pro andits Ledus subsidiary, which specializes in making LED products,wants to use Sochaux to promote its expansion in Europe.Enditem


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