Bid for second Paris club
Today at 03:15 AM
French billionaire and LVMH chairman Bernard Arnault has partnered with Red Bull to enter exclusive negotiations over buying Paris FC.
Agache, the holding company of France's richest man Arnault,
is in discussions over purchasing a majority stake in the French club. Red Bull
is advising Agache and is also in negotiations to buy a minority stake.
Paris FC's men's side are top of Ligue 2 and last competed
in Ligue 1 in 1979. The women's team are fourth in Division One Feminine and
reached the group stages of last season's Champions League. The club was
initially part of a merger when Paris Saint-Germain formed in 1970, but they
split from the club two years later and re-established themselves as a separate
entity.
PSG are the only club from the French capital competing
in Ligue 1 — in contrast, London has seven top-flight men's sides this season
and Madrid five.
Since 2020, Paris FC have been 20 per cent owned by by the
Kingdom of Bahrain, who also act as the club's main sponsors.
