Arnault also explained his plans for his family’s majority stake, telling reporters: “This is a family project that we started with my brothers and sisters. We thought it would be good to venture into something more exciting than our usual activities. Football has been my passion since I was 10 years old.”
The family’s holding company, Agache, is scheduled to acquire a 52 percent stake in Paris FC, while Red Bull owns 11 percent, and Arnault will represent the company on the club’s board of directors.
For his part, Pierre Ferracci, the club’s current president and owner, revealed that the acquisition of the club has received the approval of the French League, and the deal is expected to be completed on November 29.
By 2027, the Arnault family is scheduled to own about 80 percent of the shares, with Red Bull’s stake increasing to 15 percent.
The men’s team at Paris FC, which was founded in 1969, has not achieved any major success so far, knowing that it is at the top of the French second division this season with more than half of the season remaining, while the women’s team is competing in the French Premier League and the Women’s Champions League. .
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The family’s takeover of the club, which is currently active in the French second division, includes bringing in the energy drink giant Red Bull as a partner by obtaining a minority stake in the shares.
Klopp, the former coach of the English team Liverpool, is scheduled to join Red Bull as the company’s head of global football next January.
“I have spoken with Klopp several times, and he is very excited to work with us,” Antoine Arnault, son of billionaire Bernard Arnault, said in a press conference on Wednesday at the team’s training ground in Orly.
He added: “We do not come alone. Red Bull is by our side because we know what we excel at and what we are not good at. We have administrative competencies, but we do not have any skills in football operations.”
Arnault highlighted plans to take advantage of Red Bull’s tools and exploit the pool of football talent in the Paris region.
“Paris has probably the best talent pool in the world, rivaled only by the Brazilian city of Sao Paulo. The data tools provided by Red Bull will greatly assist in our scouting efforts,” Arnault stressed.
Arnault also explained his plans for his family’s majority stake, telling reporters: “This is a family project that we started with my brothers and sisters. We thought it would be good to venture into something more exciting than our usual activities. Football has been my passion since I was 10 years old.”
The family’s holding company, Agache, is scheduled to acquire a 52 percent stake in Paris FC, while Red Bull owns 11 percent, and Arnault will represent the company on the club’s board of directors.
For his part, Pierre Ferracci, the club’s current president and owner, revealed that the acquisition of the club has received the approval of the French League, and the deal is expected to be completed on November 29.
By 2027, the Arnault family is scheduled to own about 80 percent of the shares, with Red Bull’s stake increasing to 15 percent.
The men’s team at Paris FC, which was founded in 1969, has not achieved any major success so far, knowing that it is at the top of the French second division this season with more than half of the season remaining, while the women’s team is competing in the French Premier League and the Women’s Champions League. .
