Updated 05.45 | Published 00.02
Europe’s richest man scouts new investment opportunities.
According to Spanish reports, he is considering Real Madrid.
The club’s president is believed to value the giant at 9 billion euros.
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Real Madrid president Florentino Perez plans to seek private capital to change the club’s ownership structure.
Someone who can step in with substantial amounts of capital is luxury brand billionaire Bernard Arnault and his family. According to Spanish Vozpopuli, the family is considering making a substantial investment together with the investment company Sixth Street.
Worth over a trillion
The Arnault family’s fortune was estimated in November at $184.6 billion, according to Forbes. This corresponds to roughly 1,760 billion Swedish kroner .
Bernard Arnault is CEO and chairman of the French luxury conglomerate LVMH (Louis Vuitton and Moët Hennessy, editor’s note), which has around 60 companies under it, including Dom Pérignon, Dior, Loewe, Tag Heuer and Tiffany & co.
50 percent in PSG
The 76-year-old billionaire is the seventh richest man in the world and together with the rest of the family he owns over 50 percent of the French club Paris FC.
Currently, Real Madrid is member-owned, but according to Spanish media, Florentino Perez is open to welcoming minority owners. Despite this, the members would still have a majority in the club and the investors would have no influence over the board.
The decision regarding a renewed ownership structure is expected to be taken at an extraordinary annual meeting in December.
