PARIS — The Arnault family, known for their substantial wealth and ownership of the luxury conglomerate LVMH, has revealed plans to acquire Paris FC, a club currently competing in France’s second division. This announcement is set to create significant waves in the French soccer scene, as it introduces formidable financial backing to a club that could emerge as a contender against the well-established Paris Saint-Germain, which has received substantial investment from Qatar in recent years.

In a recent announcement made by the Arnault family’s investment entity, Agache, it was confirmed that they will take on a majority ownership position in Paris FC. The energy drink leader Red Bull is also expected to join this venture, contributing a minority stake to the club. This development signals a strategic move that could alter the competitive landscape of French soccer, especially considering the resources the Arnault family brings to the table.

The entrance of the Arnault family into football ownership is noteworthy, given their prominence in the global luxury market. Coupled with Red Bull’s history of engaging in sports, this partnership may pave the way for substantial advancements in the club’s facilities, player acquisitions, and overall competitiveness on the field. Fans and analysts alike will be watching closely as these changes unfold, which could lead to heightened rivalry in French soccer moving forward.