Prospective takeover could transform French soccer landscape

PARIS — France's capital city may finally be about to have a second major soccer club, and a challenger to Paris Saint-Germain, with a takeover of Paris FC by the country's richest family along with energy drinks giant Red Bull expected to be announced in the coming days.

News broke that talks were underway between the club's current majority shareholder, businessman Pierre Ferracci, and the Arnault family, owners of the LVMH luxury goods conglomerate, with Red Bull expected to secure a minority stake.

The takeover could completely transform the footballing landscape in France, where the domestic league has been dominated by Paris Saint-Germain since its acquisition by Qatar Sports Investments in 2011.