Pair team up to acquire French second division soccer club from president and majority shareholder Pierre Ferracci.

Paris FC, the capital's second-tier soccer club, is in the process of being sold off to the Arnault family - whose head Bernard Arnault is the billionaire behind LVMH - and to the energy drinks company Red Bull,

The family of LVMH’s Bernard Arnault has teamed up with Red Bull to take over Paris FC in the second tier of French football as the luxury billionaire expands his involvement in sport.

According to a report by L’Équipe, Paris FC could be on the verge of being sold to Red Bull and the Arnault family who have worked together previously in Formula 1. The current president and the

BERNARD Arnault’s family is nearing the purchase of a majority stake in second-tier football club Paris FC, investing alongside Red Bull, as the billionaire clan diversifies into sports, sources familiar with the matter said.

Pierre Ferracci, majority owner of Paris FC, is preparing to sell the Ligue 2 club to the Arnault family, owner of luxury goods and spirits group LVMH, and Red Bull. Ferracci will retain a stake

Paris FC is about to enter a new era! The soccer club from the south of Paris, which is currently struggling to fill its Charléty stadium, is to be bought by the Arnault family, head of the LVMH group and the Red Bull brand, raising hopes of a derby with PSG in the near future!