Sports

Arnault Poised to Buy Paris FC Football Club With Red Bull

Billionaire’s family to become majority shareholder in club
Transaction comes amid a major LVMH foray into sports

Bernard Arnault
Photographer: Miguel Medina/AFP/Getty Images

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By Angelina Rascouet and Benoit Berthelot

October 9, 2024 at 6:31 PM UTC

This article is for subscribers only.

Bernard Arnault’s family is nearing the purchase of a majority stake in second-tier football club Paris FC, investing alongside Red Bull, as the billionaire clan diversifies into sports, people familiar with the matter said.

Under the terms discussed, the Arnault family will initially take a stake of about 55% through its holding company Agache, before buying out club chairman Pierre Ferracci’s 30% holding in 2027, said the people, requesting anonymity. Red Bull will acquire a stake of about 15%, they added.