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


4 photos
Save Story
Leer en español

Estimated read time: Less than a minute

PARIS — 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. A statement from the Arnault family's holding company, Agache, said on Thursday it will become the club's majority shareholder Energy drink giant Red Bull will come aboard with a minority stake.

Photos

Most recent National Sports stories

Related topics

National SportsSoccer
John Leicester

    ARE YOU GAME?

    From first downs to buzzer beaters, get KSL.com’s top sports stories delivered to your inbox weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.
    Newsletter Signup

    KSL Weather Forecast

    KSL Weather Forecast
    Play button