The management of Paris FC and Antoine Arnault passed their exam before the DNCG this week. The financial policeman of French Football has validated the plan to buy the Parisian club by the family of Bernard Arnault, the richest man in France.
One more step in view of the probable takeover of the PFC by the Arnault family. After the announcement of exclusive negotiations between the two parties, club leaders and Antoine Arnault appeared in front of the DNCG on Monday for almost an hour.
Without too much surprise, the body validated the takeover project of the current leader of Ligue 2 according to information from the newspaper L'Equipe. Present with the club's management, Bernard Arnault's son presented the outlines of his family's project for the PFC.
The potential new owners of Paris FC would also have confirmed the budget for the current season (a little over 30 million euros) in the event of the takeover being made official.
The Top of After Football: The Arnault family buys Paris FC: is this a revolution for French football? – 09/10
Two seasons to move up to L1
Leader of Ligue 2 with 27 points in 13 matches, Paris FC still dreams of reaching the elite at the end of the season. But according to the development plan presented by the Parisian management and its future partners, this does not constitute an obligation to ensure the financial and sporting viability of the team.
Still according to L'Equipe, the PFC Arnault version (associated in particular with the Red Bull group) has set itself the objective of being promoted to the elite in the next two years.
The sale soon to be official?
After this passage completed without problem before the DNCG, the process of selling Paris FC to the Arnault family could move up a gear. It's simple, all that's needed now is to find a definitive agreement by settling the final details of the “closing” to complete the operation which will see the financial holding company (Agache) of the owners of LVMH become the majority shareholder of the Parisian club.
Initially, the Arnault family will purchase 55% of the club's shares while its partner Red Bull will invest to acquire 15% of the PFC. If the current president of Paris FC, Pierre Ferracci will initially retain 30% of the club's capital, it is expected that the Arnault family will buy them back in 2027 to increase its stake to 85% of the PFC.
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