France's anti-immigrant party, the National Front, is selling its headquarters to a Chinese university, according to the party leader.
Jean-Marie Le Pen has confirmed that the party base has been purchased by a Shanghai university.
Mr Le Pen, 79, has campaigned to become president several times under the slogan "Keep France for the French".
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The party has a total debt of some 9m euros ($13.4m; Ј7m), according to French newspaper Le Monde, partly due to a poor showing in the 2007 legislative elections which meant it had to cover its own campaign costs.
Language school
"A formal sale offer has been signed with a university in Shanghai," the National Front's press service said, quoted by AFP.
The unnamed Chinese higher education institution has reportedly paid between 12 and 15m euros ($18 - 22m; Ј9.4m - 11.7m) for the sprawling mansion in the western Paris suburb of Saint Cloud, known as The Cruiseliner.
The university is reportedly considering turning the building into a French language school.
The building, thought to be the party's biggest asset, was inherited from a millionaire supporter in the 1970s.
The organisation has already had some bank accounts frozen after disagreements with creditors.
Right-wing firebrand Mr Le Pen startled Europe by reaching the second round of the 2002 presidential election. In 2007, he achieved some 10% of votes in the presidential race.
(BBC)
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