Red Bull, known for its energy drinks, and the Arnault family, owners of LVMH, are set to acquire a stake in Paris FC, a club currently playing in Ligue 2.
According to L’Équipe newspaper, the Arnault family is expected to buy between 55% and 56% of the club, while Red Bull intends to acquire a 15% stake. Pierre Ferracci, the current majority shareholder, will retain around 30%.
The Arnault family, which controls the LVMH conglomerate, valued at more than €327 billion and which owns brands such as Louis Vuitton, Moët et Chandon and Dior, declined to comment to L’Équipe.
Paris FC, based in the south of Paris, is often seen as the ‘little brother’ of Qatar-owned Paris Saint-Germain. The club has been in Ligue 2 since 2017 and has not played in Ligue 1 since 1979.