Paris FC: the Arnault Family wants to acquire a historic Serie A club

It’s an open secret, but the Arnault Family has officially announced the takeover of Paris FC. Information which caused a stir in the European economic press, even beyond French borders. This transaction also concerns the Red Bull group which recovers approximately 15% of the shares, while the Arnault family becomes a majority shareholder of 55% first then 85% by 2027. Paris FC thus organized a major conference press conference last month at the PFC headquarters in Orly, in the presence of president Pierre Ferracci but especially Antoine Arnault, son of Bernard and future president of the Parisian club. He jumped at the opportunity to present the broad outlines of the future Paris FC which will always be popular and educational in the fully Parisian identity. Antoine Arnault also explained the reasons which pushed him to invest in football.

And if he had made big promises by emphasizing his desire to settle permanently in Paris, his dream could go beyond Mont Blanc. Dictated by his passion, the son of the founder of the LVMH group which notably owns Louis Vuitton, Dior, Givenchy and Moët Hennessy said on this subject: “It’s a family project, a project that we initiated with my brothers and my sister. We found it was a good idea to invest in a project different from our traditional activities. We discussed it at length, we studied a certain number of options. Some of us have a passion for football, that’s my case. It’s the popular sport that I love above all. I have a little nostalgia for these moments, perhaps a nostalgia for the beginnings of an old boomer lying around. The only thing that unites all generations is sport“. Fashion juggernaut, the French group necessarily has links with Italy, another country renowned in the fashion world. All this could soon be illustrated in football.

Saving an Italian giant

According to newspaper information Il Secolo XIXconfirmed by Football and Financethe Arnault Family could well afford Genoa, the oldest football club in Italy which has won 9 Scudetti. A name which is actually not entirely new in the news, given that interest from the French family had already circulated in recent years. Even if the entry of a new partner is anything but a distant hypothesis, the position of Bernard Arnault and his son Antoine remains in the background given that no confirmation has yet arrived regarding a desire to invest in Genoa. Still according to the Italian press, the alternative to the LVMH group still leads to France and would concern the oil giant TotalEnergies which could also be interested in the idea of ​​investing in Italian football having close links with the Italian company Erg specialized in renewable energies and based in Genoa. As a reminder, as we exclusively revealed to you last month, the Red Bull network is accelerating negotiations to invest in Italy and Genoa was already mentioned as a possibility. Knowing the new relationships between LVMH and Red Bull, the idea of ​​a new collaboration in Liguria could therefore be real. Like the Red Star in France, also in the grip of major financial problems after the bankruptcy of the American company 777 Partners, the Genoa, which had also been bought by these same American owners, is going through a real fog. The week that has just begun could be decisive for the future of Genoa.

What catalyzes the collective attention of supporters is not so much the clash scheduled for Sunday evening at San Siro against AC Milan, but rather the meeting of members of management scheduled for Saturday. Two points intended to substantially change the destiny of the oldest club in Italy will be on the agenda: the ratification of the definitive exit of 777 Partneras from the management of the club. The three members belonging to the American holding company still present on the board of directors of Genoa (Steven Pasko, Joshua Wander and Adam Weiss) will officially leave their functions. The meeting will also vote on a capital increase of 45 million euros. A figure that will allow Grifone to meet all planned expenses until the end of the season and which could also pave the way for the entry of a new majority shareholder. If the Arnault Family were to pay this sum into the Rossoblu coffers, it would take three quarters of the club’s shares, thus becoming its main owner. As if that were not enough, the American creditor A-Cap, present in the shareholders of Genoa and close to 777 Partners, is accused by the American Department of Justice of large-scale fraud and money laundering. The hearing opens in New York this Thursday in the Leadenhall trial, which therefore involves 777 Partners and A-Cap. It is still too early but Patrick Vieira’s Genoa could become a satellite club of Paris FC in the coming months…