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Friday briefing: Arnault and Red Bull in exclusive talks to acquire Paris FC

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18 October 2024 - 4:30 AM

French billionaire Bernard Arnault, chairman of luxury goods group LVMH, and energy drinks company Red Bull are in exclusive talks to acquire a majority stake in Paris FC, the club says in a statement.

The negotiations are being conducted through the Arnault family's holding company, Agache, with Red Bull seeking a minority holding.

While financial details of the proposed deal have not been disclosed, the takeover would represent Arnault's latest venture into sports. This follow

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