Arnault Family Set to Acquire Paris FC

The Arnault family, led by billionaire Bernard Arnault, is set to finalize their acquisition of Paris FC, a second-tier French soccer club, in the coming days, with plans to enhance the club's stature in French soccer. Antoine Arnault emphasized a long-term strategy focused on developing young talent rather than acquiring established stars, aiming to build a strong training academy. While LVMH brands like Louis Vuitton and Dior could benefit from potential partnerships, Antoine clarified that these collaborations would be voluntary and not enforced. The acquisition, which reportedly involves an investment of at least 100 million euros, positions Paris FC as a future competitor to Ligue 1 champions Paris Saint-Germain. Red Bull will hold a minority stake in the club, and Antoine Arnault confirmed that Paris FC will not be part of Red Bull's multi-club ownership model. The general assembly to approve a new board of directors is scheduled for November 29.