France's Arnault family says buying Paris FC soccer club is long-term investment

Orientul Mijlociu

PARIS :Billionaire Bernard Arnault's family aims to gradually lift second-tier Paris FC to be among the elite of French soccer, with a strategy focused on training young players rather than poaching other clubs' stars, it said on Wednesday. The family is preparing to complete a deal to take over Paris FC later this month, continuing a trend of billionaires buying soccer clubs across Europe. An overhaul could eventually turn the Paris-based club into a potential rival to Ligue 1 champions Paris

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