{"id":115377,"date":"2024-10-18T01:09:07","date_gmt":"2024-10-17T18:09:07","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=115377"},"modified":"2024-10-18T01:09:07","modified_gmt":"2024-10-17T18:09:07","slug":"frances-richest-man-bernard-arnault-and-red-bull-enter-exclusive-negotiations-to-buy-paris-fc","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=115377","title":{"rendered":"France\u2019s richest man Bernard Arnault and Red Bull enter exclusive negotiations to buy Paris FC"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>French billionaire and LVMH chairman Bernard Arnault has partnered with Red Bull to enter exclusive negotiations over buying Paris FC.<\/p>\n<p>Agache, the holding company of France\u2019s richest man Arnault, is in discussions over purchasing a majority stake in the French club. Red Bull is advising Agache and is also in negotiations to buy a minority stake.<\/p>\n<p>A press release from Paris FC states Agache has ambitions to \u201csustainably establish the men\u2019s and women\u2019s teams among the elite of French football and in the hearts of Parisians.\u201d<\/p>\n<p>Agache will provide \u201centrepreneurial vision\u201d in addition to expertise in \u201ceconomic development and brand influence\u201d, while Red Bull will act in an advisory role in the sporting side of the business.<\/p>\n<p>Paris FC\u2019s men\u2019s side are top of Ligue 2 and last competed in Ligue 1 in 1979. The women\u2019s team are fourth in Division One Feminine and reached the group stages of last season\u2019s <a class=\"ath_autolink\" data-id=\"7\" href=\"https:\/\/www.nytimes.com\/athletic\/football\/champions-league\/\">Champions League<\/a>. The club was initially part of a merger when Paris Saint-Germain formed in 1970, but they split from the club two years later and re-established themselves as a separate entity.<\/p>\n<p><a class=\"ath_autolink\" data-id=\"661\" href=\"https:\/\/www.nytimes.com\/athletic\/football\/team\/paris-saint-germain\/\">PSG<\/a> are the only club from the French capital competing in Ligue 1 \u2014 in contrast, London has seven top-flight men\u2019s sides this season and Madrid five.<\/p>\n<p><a href=\"https:\/\/www.nytimes.com\/athletic\/5805559\/2024\/10\/01\/london-paris-football-clubs-comparison\/\" class=\"go-deeper\"><\/p>\n<div class=\"go-deeper\">\n<div class=\"go-deeper-img\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/static01.nyt.com\/athletic\/uploads\/wp\/2024\/10\/30125355\/GettyImages-1456420853-scaled-e1727715325929-1024x512.jpg?width=128&amp;height=128&amp;fit=cover&amp;auto=webp\" class=\"go-deeper\" alt=\"go-deeper\"\/><\/div>\n<div>\n<p class=\"go-deeper-label\">GO DEEPER<\/p>\n<p class=\"go-deeper-title\">London has several major football clubs. Why does Paris only have one?<\/p>\n<\/div>\n<\/div>\n<p><\/a><\/p>\n<p>Bernard Arnault has a net worth of\u00a0 $163.9billion (\u00a3126.06bn), according to <a href=\"https:\/\/www.forbes.com\/profile\/bernard-arnault\/\" rel=\"nofollow noopener noreferrer\">Forbes<\/a>, and is the world\u2019s fifth richest person. The 75-year-old is the founder, chairman and CEO of LVMH, the Paris-based luxury goods company that owns brands including Louis Vuitton, Dior and Tiffany.<\/p>\n<p>\u201cWith our support, as well as the precious support of our partner Red Bull, we are hopeful that, gradually, we will write a beautiful chapter of French football together, without setting specific objectives at this stage,\u201d said Antoine Arnault, who is set to become a representative of Agache on the Paris FC board of directors.<\/p>\n<p>Red Bull already owns a number of clubs worldwide, which include <a class=\"ath_autolink\" data-id=\"740\" href=\"https:\/\/www.nytimes.com\/athletic\/football\/team\/leipzig\/\">RB Leipzig<\/a>, Red Bull Salzburg and New York Red Bulls, and <a href=\"https:\/\/www.nytimes.com\/athletic\/5527205\/2024\/05\/30\/leeds-red-bull-investment\/\">also has a minority stake in Leeds United<\/a>. It was announced this month <a href=\"https:\/\/www.nytimes.com\/athletic\/5830469\/2024\/10\/09\/jurgen-klopp-red-bull\/\">former Liverpool head coach Jurgen Klopp will become Red Bull\u2019s new global head of soccer<\/a>.<\/p>\n<p><a href=\"https:\/\/www.nytimes.com\/athletic\/5529385\/2024\/06\/07\/red-bull-leeds-leipzig-salzburg\/\" class=\"go-deeper\"><\/p>\n<div class=\"go-deeper\">\n<div class=\"go-deeper-img\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/static01.nyt.com\/athletic\/uploads\/wp\/2024\/06\/06112052\/Red-Bull-1024x683.png?width=128&amp;height=128&amp;fit=cover&amp;auto=webp\" class=\"go-deeper\" alt=\"go-deeper\"\/><\/div>\n<div>\n<p class=\"go-deeper-label\">GO DEEPER<\/p>\n<p class=\"go-deeper-title\">Why Red Bull bought sports teams \u2014 and the impact on them<\/p>\n<\/div>\n<\/div>\n<p><\/a><\/p>\n<p>Oliver Mintzlaff, Red Bull managing director and CEO of corporate projects and investments, added: \u201cWe want to offer our experience and know-how to open up new sporting horizons for Paris FC. Paris and the Ile de France region are a breeding ground for exceptional football talents who must first train and grow in a club in their region.\u201d<\/p>\n<p>As part of the proposed takeover, Paris FC president Pierre Ferracci and the existing structures at the club will help ensure the club\u2019s colours, crest and identity \u201care respected.\u201d Ferracci will remain a club shareholder.<\/p>\n<p>\u201cThe arrival of Agache in our club, supported by Red Bull, as the new owner is a unique opportunity that I immediately accepted and welcomed with the greatest enthusiasm,\u201d Ferracci said.<\/p>\n<p>The takeover is subject to the finalisation of legal documents and the approval of <a class=\"ath_autolink\" data-id=\"779\" href=\"https:\/\/www.nytimes.com\/athletic\/football\/team\/france\/\">France<\/a>\u2019s professional clubs control committee.<\/p>\n<p>Since 2020, Paris FC have been 20 per cent owned by by the Kingdom of Bahrain, who also act as the club\u2019s main sponsors.<\/p>\n<p><a href=\"https:\/\/www.nytimes.com\/athletic\/5077403\/2023\/11\/22\/paris-fc-champions-league-chelsea\/\" class=\"go-deeper\"><\/p>\n<div class=\"go-deeper\">\n<div class=\"go-deeper-img\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/cdn.theathletic.com\/cdn-cgi\/image\/width=128,height=128,fit=cover,format=auto\/app\/uploads\/2023\/11\/20140614\/GettyImages-1742941709-1-scaled-e1700507195965-1024x683.jpg\" class=\"go-deeper\" alt=\"go-deeper\"\/><\/div>\n<div>\n<p class=\"go-deeper-label\">GO DEEPER<\/p>\n<p class=\"go-deeper-title\">Paris FC &#8211; a united club ready to cause more Champions League upsets<\/p>\n<\/div>\n<\/div>\n<p><\/a><\/p>\n<p style=\"text-align: right;\"><em>(Geoffroy Van Der Hasselt\/AFP via Getty Images)<\/em><\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/athletic\/5850158\/2024\/10\/17\/paris-fc-takeover-arnault-red-bull\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French billionaire and LVMH chairman Bernard Arnault has partnered with Red Bull to enter exclusive negotiations over buying Paris FC. Agache, the holding company of France\u2019s richest man Arnault, is &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=115377\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-115377","post","type-post","status-publish","format-standard","hentry","category-sports","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=115377"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115377\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=115377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=115377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=115377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}