Red Bull and Arnault nearing deal to purchase Paris FC

"Agache, in partnership with Red Bull, is committed to providing the club with the resources needed to further its economic, social, and athletic growth. Our dual goal is to solidify both the men's and women's teams as fixtures in the top tier of French football and within the hearts of the people of Paris," stated Agache.

"Through its path and its history, Paris FC embodies another facet of football in the capital. With the arrival of Agache as the club's majority shareholder, the Club will change dimension and aim for new successes."

The statement also specifies that the investments made in recent years to develop the women's sector will continue.

Red Bull should obtain around 15% of the shares and the Arnault family will become the majority shareholder, first at 55% and then at 85% by 2027, when Pierre Ferracci will have completely relinquished the reins.

The Paris FC purchase is Red Bull's first major move since the appointment of Jurgen Klopp as global head of football.