The news of the acquisition by the LVMH group of 52,4% of the shares of Paris FC, the second football team in Paris that plays in Ligue 2 (the French second division, the equivalent of our Serie B), is quite recent.
Article Key Points
The LMVH group, in the hands of the Arnault family, owns around seventy high fashion brands (including Dior, Fendi, Louis Vuitton, Givenchy, Kenzo, Loro Piana, etc.), watch brands (such as Tag Heuer), jewellery brands (such as Bulgari), newspapers that can boast a significant specific weight (think of Le Parisien), luxury hotel chains, etc.
The operation is the result of a joint venture with the Red Bull group and specifically, Agache Sport, the family holding of the Arnaults, will acquire 52,4% of the shares of Paris FC. While the Red Bull group will receive 10,6% of the transalpine club.
Il Paris Fc It was founded in 1969, and can also boast a very competitive women's section.
Let's get to the planning:
the LMVH group / Red Bull group tandem would like to give the fans of the Parisian club the joy of promotion to Ligue 1 as soon as possible.
Once promoted to the French top division, the club would like to make life quite difficult for Al Khelaifi's PSG and then achieve progressively more ambitious goals.
Jean Paul Sartre once declared: “hell is other people”. Well, for PSG supporters, hell in a not too distant future could be represented by this fearsome and unexpected competition that could redefine the rules of city football, re-proposing that plot twist that in Manchester made City a suddenly winning and envied reality (even if the recent vicissitudes concerning sporting justice and not only could drastically redefine the scope of the City “phenomenon”) and United (despite the pharaonic investments) a decadent and fallen reality now forced to nostalgically remember a past that today seems unrepeatable.
Luca DeCrescenzo
Article published on 11 December 2024 - 18:39
