The takeover of the Paris FC football club by Bernard Arnault’s family holding company was formalized this Friday, November 29 after six weeks of exclusive negotiations between the two parties, the Parisian club announced in a press release. “ With the arrival of Agache Sports and Red Bull, Paris FC is giving itself the means to set ambitious goals », Commented Pierre Ferracci, former majority shareholder confirmed in his role as president, quoted in the press release. “ Without skipping any steps, respecting its identity and its values and relying on an Ile-de-France region whose potential is known, Paris FC will continue its progress, which will benefit its training centers and its first teams, women’s and men’s. “, he added. In detail, the holding company of the family of the boss of the luxury group LVMH now holds 52.4% of the club’s capital via Agache Sports. Red Bull, the Austrian group that owns the Leipzig and Salzburg clubs, with which the Arnault family partnered on this project, owns 10.6%. The rest is divided between Alter Paris, the structure of Pierre Ferracci (29.8%) and BRI Sports Holdings, representing Lycamobile (7.2%). “ A new board of directors has been put in place, reflecting the majority position of the Arnault family and the presence of Red Bull », indicated the club, current leader of Ligue 2.
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