Billionaire Arnault Eyes Paris FC With Red Bull Partnership

French billionaire Bernard Arnault, alongside Red Bull, is in exclusive talks to acquire Paris FC. This comes after a recent LVMH sponsorship deal with Formula One. The move aims to bolster Paris FC's position in the football world, currently overshadowed by Paris Saint Germain.

French billionaire Bernard Arnault, in collaboration with energy drink titan Red Bull, is in exclusive discussions to acquire Paris FC, a second-tier football club, according to the Arnault family office.

This development follows closely on the heels of LVMH's securing of a decade-long sponsorship with Formula One, suggesting a robust financial injection and significant sporting expertise to the French club.

Paris FC, currently overshadowed by Ligue 1 giants Paris Saint Germain, stands to gain considerable advantage and visibility from this anticipated acquisition.

(With inputs from agencies.)