Since Paris St Germain were taken over by Qatar Sports Investments just over a decade ago the club has become a symbol of global sports ambition and highlighted the absence of another top-tier club in the city,

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.

France’s capital city might finally be about to have a second major soccer club, and a challenger to Paris Saint-Germain (PSG), with a takeover of Paris FC by the country’s richest family along with energy drinks giant Red Bull expected to be announced in the coming days.

French billionaire and LVMH chairman Bernard Arnault has teamed up with energy drinks company Red Bull to buy a controlling stake in French second-tier soccer club Paris FC, the Arnault family office said on Thursday.

The family holding company of France's richest man, the luxury goods tycoon Bernard Arnault, on Thursday said it was entering into "exclusive negotiations" to buy a majority stake in Ligue 2 football side Paris FC.

Under the terms of the deal, the holding company of luxury goods tycoon Bernard Arnault, France's richest man, would take a controlling stake in the Ligue 2 club Paris FC, according to a source

The family of LVMH’s Bernard Arnault has teamed up with Red Bull to take over Paris FC in the second tier of French football as the luxury billionaire expands his involvement in sport. Arnault and his five adult children,

The Arnault family, owners of the LVMH French luxury goods conglomerate, and Austrian energy drinks giant Red Bull are finalizing a deal to acquire French second-tier soccer club Paris FC. The Ligue 2 side’s current majority shareholder Pierre Ferracci will sell a stake of between 55-56% to the Arnault family,

The acquisition would set the stage for a face-off between two soccer clubs owned by rival French luxury groups.