Prospective Paris FC owners detail Red Bull's involvement in new project
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Speaking at a press conference on Wednesday, prospective new Paris FC owner Antoine Arnault detailed Red Bull’s involvement in the project.
Arnault is set to become the new owner of the Ligue 2 side. Initially, he is set to buy a 55% stake in the club, Red Bull will acquire a 15% share, and the current owner, Pierre Ferracci, will retain a 30% share which he will then relinquish in 2027.
A big step was taken last Tuesday as Arnault was summoned for a meeting with the DNCG – French football's financial watchdog. With another meeting taking place today, the takeover of Paris FC is continuing apace.
Red Bull won’t be Paris FC co-owners
Arnault has now evoked the role that Red Bull will play in the future project, stating that their objective is not to be co-owners but instead to bring their expertise to the table. “Red Bull are very competent in football. There were very virtuous and positive talks right from the start. The idea of working together on a football project in France interested them,” began Arnault, in a press conference transcribed by RMC Sport.
He continued, “This club (Paris FC) will belong to my family, it will not be co-owned by the Arnault family and Red Bull. Red Bull will be minority owners. They don’t want to access multi-ownership. They are a sporting partner. They will help us in many aspects by recruiting players and picking them out better than others, but they aren’t here to be co-owners with us.”
After 13 games, Paris FC are top of Ligue 1 on 27 points. It comes after considerable summer investment as the ambitious project accelerates at the Charléty Stadium.
GFFN | Luke Entwistle