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’s richest man Arnault, is in discussions over purchasing a majority stake in the French club.

A family whose wealth is said to be only behind Elon Musk, Larry Ellison, Jeff Bezos and Mark Zuckerberg are poised to buy Paris FC with Red Bull.

French billionaire and LVMH chairman Bernard Arnault has teamed up with energy drinks company Red Bull to buy a controlling stake in French second-tier soccer club Paris FC, the Arnault family office said on Thursday.

France's wealthiest family, the Arnaults, owners of the luxury conglomerate LVMH, revealed on Thursday their intention to purchase

France’s richest family, the Arnaults of luxury empire LVMH, has announced the planned purchase of second-division soccer club Paris FC.

France’s capital city might finally be about to have a second major soccer club, and a challenger to Paris Saint-Germain (PSG), with a takeover of Paris FC by the country’s richest family along with energy drinks giant Red Bull expected to be announced in the coming days.

The Arnault family, owners of the LVMH luxury goods conglomerate, are in "exclusive negotiations" to buy a controlling stake in French football club Paris FC in a deal that will see energy drinks giant Red Bull secure a minority shareholding.

Under the terms of the deal, the holding company of luxury goods tycoon Bernard Arnault, France's richest man, would take a controlling stake in the Ligue 2 club Paris FC, according to a source

Agache, the holding company of LVMH founder and Chief Executive Bernard Arnault’s family, is in exclusive talks to buy a majority stake in storied soccer club Paris FC.