France’s richest family shaking up soccer with planned purchase of second-tier Paris FC

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France’s richest family shaking up soccer with planned purchase of second-tier Paris FC
Paris Saint-Germain FCBernard ArnaultLVMH Mot Hennessy Louis Vuitton SE
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France’s richest family, the Arnaults of luxury empire LVMH, has announced the planned purchase of second-division soccer club Paris FC. It’s a major shakeup for the sport in France, putting vast wealth behind a potential challenger to the dominant French team of recent years, Qatar-funded Paris Saint-Germain.

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More broadly, the takeover of the club with a distinctive blue-and-white Eiffel Tower logo could help the French capital build on the sporting momentum of theMbappé back in training with Real Madrid as Spanish league resumes The former club of superstar Kylian Mbappé is a 12-time champion of Ligue 1, with 10 of those titles in France’s top league coming after gas-rich Qatar beganThe situation is even more curious given the Paris region’s long and proven record as one of Europe’s most fertile grounds for soccer talent, withParis FC’s takeover by a family with deep pockets could, in time, possibly offer future French stars more options to stay home, rather than move to the continent’s other more successful...

Created in 1969, Paris FC’s men’s team has yet to achieve any significant success. But it currently tops the second-division standings.Red Bull will mainly act as a sporting adviser, “whether it be reinforcing the detection of young talent capable of joining the training center or targeting the best players.”former Liverpool coach Jürgen Klopp will become its head of global soccer from January, overseeing its international network of clubs.

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Paris Saint-Germain FC Bernard Arnault LVMH Mot Hennessy Louis Vuitton SE Sports - Europe F Business Paris S Sports Liverpool FC

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