💨 Abstract
The second-tier Paris soccer club, Paris FC, is reportedly being sold to the Arnault family, led by LVMH billionaire Bernard Arnault, and energy drinks company Red Bull. The Arnault family is said to acquire 55-56% of the club, while Red Bull will get around 15%. Current majority shareholder Pierre Ferracci would retain a stake of about 30%. The deal is yet to be confirmed by either party.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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