Ferracci, initially expected to leave at the end of the season, confirmed his departure during an event on Monday.

Arnault, representing the club's majority-owning family, will assume the presidency, subject to approval by the Administrative Council on November 9.

Ferracci will become honorary president, with the November 1 clash against Monaco at Stade Jean Bouin expected to mark his farewell.

The outgoing president will also transfer his 28.9% stake to Agache Sport, LVMH's sporting subsidiary, while Red Bull retains its 10.6% holding.

"It is the right time for me to pass the torch," Ferracci said, according to L'Équipe.

He departs with Paris FC sitting third in Ligue 1, level on points with leaders Lyon.