Arnault family and Red Bull enter exclusive negotiations to purchase Paris FC | OneFootball

The Arnault family and Red Bull have entered exclusive negotiations with Paris FC for the purchase of the Ligue 2 side according to a press release sent by Financière Agache (a subsidiary holding company of LMVH who are owned by the Arnault family).

The press release notes that the Parisian club “will write a new chapter in its rich history with the Arnault family and Red Bull, which have also entered into negotiations for the acquisition of a minority stake.” This is largely expected after it was first revealed by L’Équipe that Arnault would look to become the majority shareholder of the club (with a 55 to 56% share) with Red Bull aiming to purchase a 15% share.

Agache also confirms the ambitions of the prospective new owners who will look to “gradually” bring both the men’s and women’s teams into the elite of French football and to make both sides regular fixtures in the Champions League. It is expected that the Paris FC will be provided with a new budget that could see around €100 to €200 million in resources invested into the club over the next few years.

Agache further notes that current owner Pierre Ferracci will be kept on as president as the club and the city of Paris enter a new era.

GFFN | Nick Hartland