Categories: Sport

Paris FC: The Arnault family and Red Bull announce the budget for transfers and it’s royal!

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After PSG, Paris FC will now enter another dimension with shareholders prestigious.

This is a revolution in French football. After PSG's move to another dimension a few years ago with Qatar, it is Paris FC's turn to experience this joy with the arrival of prestigious shareholders, LVMH and the Red Bull family. Leader of Ligue 2, Paris FC is initially aiming for the elite and the French Ligue 1 championship, then eventually, the Champions League and to compete with the capital club.

Pierre Ferracci, the president and majority shareholder of the Parisian club, will leave his club in good hands after negotiations lasting several months. In the financial details of this operation and according to information from the various media, particularly L'Equipe, the entrepreneur will initially keep around 30% of the capital until 2027, when he will leave. Red Bull, which has registered the arrival of Jurgen Klopp as the group's football manager, will take over nearly 15% while the Arnault family will become the majority shareholder of the club, at 55-56% while waiting to buy back Ferracci's shares in three years. Note that it is not through the LVMH group that the Arnault family is buying its shares, but personal capacity, via one of their holdings, that the family decides to invest. Of course, the LVMH group should still have an impact on the equipment and should sponsor the club in one way or another. L'Equipe explains that the current owner did not want an investment fund but was looking for a French or European entrepreneur who would respect the DNA of Paris FC.

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A prestigious budget

This year, Paris FC's budget has already increased by going over 30 million euros with also some notable recruits like Maxime Lopez, the former OM player. The goal is not to rush things and to gradually rise in the French football landscape. But if the information still has to be confirmed by the new shareholders who have not yet spoken, Paris FC will be provided with resources, at least between 100 and 200 million euros over several years, to achieve this. Enough to afford some prestigious players.

A mixed reaction from supporters

While supporters are happy to see a French buyer, the arrival of Red Bull poses a problem. “The problem, in quotes, is Red Bull. Why? Because we fear multi-ownership. We know where this has led certain clubs and I am thinking in particular of Troyes which is part of the City Football Group and we can see where they are currently there,” explained the spokesperson for Ultras Lutetia. “So there, it's a bit of our little warning point. After that, they only have 15% and we hope with all our hearts that the identity of the club will be respected.”

Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining Thesaxon , Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116

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