British billionaire Sir Jim Ratcliffe's company Ineos has bought out Nice.
Ratcliffe, who is Britain's third richest man, had reportedly made a 100m (88.77m) offer for the club earlier this year. He has expressed interest in Chelsea this year.
Nice, managed by former Arsenal and France midfielder Patrick Vieira, will be part of the 'Ineos Football' group.
"It has been quite a long journey getting here," said Ratcliffe, 66.
"We have looked at a lot of clubs in the manner we look at businesses in Ineos - for value and potential - and Nice fulfils that criteria."
Ratcliffe took over and rebranded cycling's Team Sky in May and also invested 110m in Britain's America's Cup sailing team last year.
Ineos also owns Swiss second division side Lausanne, which the firm took over in 2017.
