By Marta Elena Casanova
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Paris is set to witness a historic event during the 2025–2026 Ligue 1 season: the city derby between Paris Saint-Germain and Paris FC. After 46 years, the French capital returns to having two clubs in the top division, reigniting a rivalry that’s not only about football but also about economics, culture, and symbolism. On one side stands PSG’s Qatari empire; on the other, the new Arnault–Red Bull project aiming for long-term competition.
From origins to split: how the Paris derby was born
Paris FC was founded in 1970 by the French Football Federation to give the capital a competitive team after the decline of historic clubs like Stade Français and Racing Club. Two years later, a merger with Stade Saint-Germain led to the creation of Paris Saint-Germain, but political and administrative disagreements caused an immediate split: PSG restarted in the third division while Paris FC temporarily stayed in Ligue 1. However, PSG would rise quickly to become a European powerhouse, while Paris FC spent decades in the shadows, mostly in Ligue 2.
Paris FC: return to Ligue 1 and the Arnault–Red Bull Era
In November 2024, the Arnault family acquired a 55% stake in Paris FC, with Red Bull taking a 15% share. Current president Pierre Ferracci will retain 30% until 2027, when he plans to fully exit. On May 2 of this year, Paris FC secured a historic promotion to Ligue 1 with a 1-1 draw against Martigues — a result that marks the club’s return to the top flight after 46 years and the beginning of an ambitious project. In that same November, the Arnault family (owners of LVMH) took over majority ownership, bringing Red Bull on board as a minority partner.
Red Bull, already active in football with RB Leipzig and Red Bull Salzburg, brings methodology and scouting expertise. The clear goal is to turn Paris FC into a competitive yet sustainable club focused on young talents and experienced players. With an estimated budget between €70 and €100 million, the club aims to consolidate its Ligue 1 status and develop a strong youth system. Initial signings have already been made to strengthen the squad, including winger Mathieu Cafaro from Saint-Étienne and left-back Thibault De Smet on loan from Reims. The club has also shown interest in striker Jonathan Ikoné from Fiorentina — a former PSG player who could make a meaningful return to Paris.
PSG: the giant to beat
Even after Kylian Mbappé’s departure to Madrid in summer 2024, Paris Saint-Germain remains the team to beat. The club has entered a new phase focused on collective and sustainable goals, though its current squad is still valued at around €900 million. Under Luis Enrique’s leadership, PSG maintained its high competitive level, winning both Ligue 1 and the Coupe de France in the 2024–2025 season.
Paris derby: more than just a league match
The PSG–Paris FC derby will be more than just a battle on the pitch — it’s a clash between two management models. PSG is the giant built on massive investments, global marketing, and European ambitions. Paris FC is the ambitious newcomer, financially cautious and inspired by clubs like Brighton or Bologna, emphasizing youth development and managerial efficiency.
In terms of infrastructure, PSG will continue playing at Parc des Princes, while Paris FC announced it will host its home games at Stade Jean-Bouin, less than 500 meters away. This proximity only intensifies the rivalry — even logistically — between the two clubs. Paris FC’s return to Ligue 1 marks the start of a new era for Parisian football. The derby with PSG promises fireworks but also represents an opportunity to reignite interest in Ligue 1, attract sponsors, and build a compelling sports narrative. While PSG remains the undisputed king, Paris FC is the new contender ready to rewrite the rules. And Paris, at last, has two footballing hearts again.
By Marta Elena Casanova
