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

The Paris FC soccer club banner is seen outside the Charlety stadium in Paris, France, Thursday, Oct.17, 2024.

The Paris FC soccer club banner is seen outside the Charlety stadium in Paris, France, Thursday, Oct.17, 2024. (AP Photo/Thibault Camus)


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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.

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