The purchase of Paris FC by the Arnault family, owners of the LVMH luxury goods empire, will be completed in the coming days, revealed the club’s president, Pierre Ferracci, in a press conference held this Wednesday (20), in the French commune of Orly , to detail the project of the new shareholders.
Paris FC will hold a general meeting on November 29, during which a new board of directors will be approved, according to Ferracci.
Antoine Arnault, in turn, explained that the club will “belong” to his “family” and “will not be co-owned by the Arnault family and Red Bull”, which will be a “minority shareholder”.
After this meeting, the Arnault family will have 52% of Paris FC shares and Red Bull will have 11%. Pierre Ferraci’s structure will maintain 30% and the company BRI Sports Holding, which is already a minority shareholder, will maintain its 7%.
Ferracci will retire from the club in 2027 and hopes to convince BRI to do the same, leaving around 80% of the shares to the Arnaults and 15% to Red Bull.
Paris FC is currently the leader of the French second division after 13 rounds, and could return to the elite after 45 years.
According to Antoine Arnault, his family wants to commit to the club for the long term, “at least ten, 15 or 20 years”.
“We want to do things progressively, without skipping steps,” he explained.
“We don’t want to throw money away, but we’re also not doing this to make money,” he added. “What we want is to score goals and leave a long-term mark.”
