The Arnault family buys a majority stake in the Paris FC football team
By Eva Morletto10 octobre 2024
Will Paris see two football teams competing in Ligue 1? The Arnault family, via its holding company Financière Agache, has announced that it is buying a majority stake in Paris FC, the club currently leading the Ligue 2.
Bernard Arnault, head of luxury goods giant LVMH, and his five children will become the new 55% shareholders in Paris FC via the family holding company Financière Agache. The famous Austrian energy drink company Red Bull—which has the merit of having transformed the sporting landscape around the world, particularly in Formula 1—will take a 15% stake in the club.
Businessman Pierre Ferracci, the club's current owner, will retain a 30% stake. Under the agreement, the Arnault family's stake will gradually rise to 85% by 2027. The Kingdom of Bahrain, the club's current sponsor and a shareholder of around 20%, is expected to gradually make way for LVMH.
For the Arnault family, this personal investment, separate from their activities in the luxury goods sector, is synonymous with a long-term vision that aims to make Paris FC a major player in European football.
According to sports experts' analyses, the Arnaults would implement a gradual approach rather than immediate and aggressive competition with PSG.
The family is expected to invest between 100 and 200 million euros in this transformation project.
Their first objective would be to stabilize the club in Ligue 1 and then achieve medium-term qualification for the European Cup.
Before the Arnaults arrived, the club already had ambitions of reaching Ligue 1: this summer, Paris FC signed major contracts with champions Jean-Philippe Krasso and Maxime Lopez.
The recent appointment of Jürgen Klopp as Red Bull Group's director of football also raises the prospect of new strategic synergies.
The recent appointment of Jürgen Klopp as Red Bull Group's director of football also raises the prospect of new strategic synergies.
You have to go back to the 1980s to find evidence of two Parisian clubs having coexisted for long periods in the Ligue 1 standings.
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