PARIS (Reuters) – The Arnault household conserving will no longer stress LVMH brands into forging partnerships with Paris FC once it acquires a controlling stake in the French capital’s soccer club, Antoine Arnault, son of billionaire Bernard Arnault, talked about on Wednesday.

As a replace, if brands are making an strive to attain so, Antoine Arnault talked about he would put them in contact with the club nonetheless wouldn’t power them to strike a deal if it does no longer match their put strategy.

Arnault, who will signify Agache, the Arnault household’s conserving firm, on the 2d-tier French soccer club’s board, moreover talked about buying for a controlling stake used to be a long-period of time funding.

“It be necessary, sports activities-wise, to attain issues gradually, to make, grow and toughen by doing issues gradually, grade by grade, with out speeding,” he suggested a press convention, including: “We’re in it for the long speed.”

The proposed takeover continues a pattern of billionaires buying for soccer golf equipment across Europe, while overhauling a Paris-basically based club that might per chance well per chance doubtlessly rival Ligue 1 champions Paris Saint Germain, owned by Qatar Sports activities Investments.

Paris FC relish struggled to search out a fan cross, with the everyday attendance final season at upright below 5,500 in their 19,000-capacity Charlety stadium no matter tickets being free since final November.

Agache talked about final month that LVMH Chair Bernard Arnault had teamed up with power drinks firm Red Bull to enter into recurring talks to aquire a controlling stake in the club.

Paris FC’s fresh proprietor Pierre Ferracci suggested the similar press convention that a deal used to be drawing close.