- 1,100 mpox deaths recorded across Africa: CDC
- UK's National Gallery bans liquids after activist art attacks
- Onboard wifi is latest frontline in airline competition
- Instagram moves to face rising tide of sextortion scams
- Tributes to One Direction's Liam Payne after hotel balcony fall
- Bangladesh court issues arrest warrant for ex-leader Hasina
- Israel says 'checking' if Hamas chief Sinwar killed in Gaza
- Victims of Vietnam tycoon's record scam count losses after sentence
- EU leaders talk tough on migration, but divided on action
- Global stocks climb as ECB cut rates and tech rebounds
- Biden heads to Germany to discuss Ukraine, Middle East
- US retail sales pick up pace in September
- Pakistan sense series-levelling win over England after Sajid heroics
- Kenya deputy president falls ill during impeachment trial
- Mbappe to keep any explanations for Swedish justice, 'if necessary' - lawyer
- 345,000 Gazans face 'catastrophic' hunger this winter: UN
- ECB makes back-to-back interest rate cuts as inflation falls
- France's richest family, Red Bull in 'exclusive talks' for Paris FC takeover
- Public money 'must be at core' of new climate pact: UN's Stiell
- Russian MPs back ban on 'propaganda' of childless lifestyles
- New Zealand on top after India bowled out for 46 in rain-hit Test
- UK's Lammy visits China in bid to reset London-Beijing ties
- What's next in Swedish rape investigation into Mbappe?
- Nestle overhauls executive team as sales slump
- US B-2 bombers strike Huthi facilities in Yemen: military
- Eurozone stocks climb as ECB rate cut looms
- Lebanon crowdfunded ambulances under fire in Israel-Hezbollah war
- S Korean Nobel winner Han Kang hopes daily life 'won't change much'
- Pakistan extend lead beyond 200 in second England Test
- Liam Payne: One Direction singer swept up by teenage stardom
- Zelensky defends 'victory plan' at EU and NATO
- Vietnam death row tycoon jailed for life in separate trial
- Hard talk on migration tops agenda at EU summit
- Beckham says Ratcliffe needs time to revive Man Utd
- Conway puts New Zealand in lead after India bowled out for 46
- New Japan PM sends offering to Yasukuni war shrine
- S Korean court recognises misogyny as hate crime motive
- Couche-Tard executives in Japan to push 7-Eleven deal
- Martin targets mistake-free Australia MotoGP as Bagnaia lurks
- Tennis world No. 1 Swiatek hires stars' coach Fissette
- French Senate speaker 'astounded' by Macron 'ignorance' on Israel
- Israel strikes Syria, US pounds Huthis in Yemen
- India all out for record home Test low of 46 against New Zealand
- China says UK Foreign Secretary David Lammy to visit this week
- Iran Guards chief warns will hit Israel 'painfully' if attacks Iranian targets
- Pakistan tottering at 43-3 in England Test after Bashir takes three
- Zelensky in Brussels to defend 'victory plan' at EU and NATO
- Markets mixed as China's latest stimulus leaves traders wanting
- Climate-hit Pacific Islands plot landmark UN court case
- India collapse to 34-6 after opting to bat against New Zealand
RBGPF | 1.67% | 60.5 | $ | |
RYCEF | 1.48% | 7.41 | $ | |
CMSC | 0.08% | 24.94 | $ | |
GSK | -0.5% | 39.015 | $ | |
BP | 0.91% | 31.215 | $ | |
NGG | -1.31% | 67.26 | $ | |
SCS | -0.84% | 13.03 | $ | |
RELX | 1.05% | 48.66 | $ | |
BTI | -0.79% | 35.52 | $ | |
BCC | -3.13% | 142.545 | $ | |
RIO | -2.11% | 64.585 | $ | |
JRI | -0.01% | 13.169 | $ | |
CMSD | -0.12% | 25.12 | $ | |
VOD | -1.23% | 9.73 | $ | |
AZN | -0.25% | 78.115 | $ | |
BCE | -0.06% | 33.46 | $ |
France's richest family, Red Bull in 'exclusive talks' for Paris FC takeover
The family holding company of France's richest man, the luxury goods tycoon Bernard Arnault, on Thursday said it was entering into "exclusive negotiations" to buy a majority stake in Ligue 2 football side Paris FC.
Energy drinks giant Red Bull has also entered talks to acquire a "minority stake" in the club, the Arnault family holding company Agache said in a statement, unveiling a move that could shake up France's football landscape.
Under the terms of the deal, the Arnault family would initially hold 55 percent of the club and Red Bull 15 percent, according to a source close to the matter who asked not to be named.
The president of Paris FC since 2012, businessman Pierre Ferracci, 72, would keep 30 percent of the capital before selling his shares in 2027 to the Arnault family, who would then own 85 percent of the club, according to the same source.
"With the arrival of Agache as the majority shareholder of the club, the club will change dimension and aim for new successes", the statement said.
The holding company "intends to gradually bring the men's team back into the elite of men's football" with "the same ambition" for the women's team, which already plays in the first division.
Arnault, one of the world's richest people, heads the LVMH luxury conglomerate but has also moved to build the empire in other directions, notably taking control of the Paris Match weekly magazine.
The acquisition could completely transform the footballing landscape in France, where the domestic league has been dominated by Paris Saint-Germain since their acquisition by Qatar Sports Investments in 2011.
D.Moore--AMWN