The richest family in France, together with Red Bull, are in “exclusive negotiations” to buy Paris FC
The Arnault family, owner of the luxury giant LVMH, seeks to own 55% of the Parisian club
The family holding company of the richest man in France, the luxury magnate Bernard Arnault, announced this Thursday that it entered “exclusive negotiations” to acquire a majority stake in Paris FCcurrent leader of the French second division of football.
The Arnault family, owners of the luxury giant LVMHseeks to own 55% of the Parisian club, while the Red Bull company would control 15% with a minority stake, indicated a source familiar with the negotiations.
The current president of the PFC, businessman Pierre Ferracci, 72, would maintain 30% of the capital until 2027, when he would transfer his assets to the Agache holding company, of the Arnault family, which would then own 85% of the club, according to these sources.
If the operation is completed, The capital of France could count on a real football derby between the PFC and the almighty Paris Saint-Germain (PSG), as all the major European capitals already have.
“With the arrival of Agache as the majority shareholder of the club, this will change dimension and will aspire to new successes,” according to a statement from the holding company, for whom this “ambition” applies to both the men’s and women’s teams, already in the first division.
Source: Ambito
