Paris FC

In an effort to re-launch professional football in the city of Paris, Paris Football Club was founded on 1 August 1969. The objective of the club was to be playing in the first division by 1970. An attempted merger with CS Sedan Ardennes was refused so Paris went looking in the second division and, subsequently, merged with Stade Saint-Germain to form Paris Saint-Germain, the professional club that plays in Ligue 1. The current incarnation of Paris FC came into being in 1972 when the club split from Paris Saint-Germain after coming under pressure from the capital city's mayor, who refused to support a non-Parisian club (the club had originally been situated in nearby Saint-Germain-en-Laye). As a result, a bitter split occurred and both Paris FC and Paris Saint-Germain remained as separate football club with the main agreement being that Paris FC had the right to keep the splitting entity's first division and professional status, as well as all the professional players. Paris Saint-Germain were, on the other hand, administratively relegated to the third division and given all the former entity's amateur players.

At the beginning of the 1972–73 season, Paris were playing in the first division hosting matches at the Parc des Princes. Two seasons later, the club was relegated to the second division, which coincided with Paris Saint-Germain's rise to top-flight and the installation in the Parc des Princes. After four years of playing in Division 2, Paris returned to the first division for the 1978–79 season. However, the season was a difficult one and resulted in the club falling back to Division 2 after one season. Paris FC have since yet to return to the top-flight league of France.

In 1983, Paris FC, then led by the industrialist Jean-Luc Lagardère, merged with Racing Club de France. While Racing remained in the first division, the remaining entity that was PFC was administratively relegated to the fourth division. Due to having limited resources, Paris fell to the Division d'Honneur after one season and, subsequently, spent four seasons in the fifth division before returning to Division 4 in 1988. Another promotion the following season saw Paris earn a place in Division 3. Paris remained in the division for 12 years becoming inaugural members of the Championnat National in the process. In 2000, the club finished 17th and were relegated to the Championnat de France amateur. Paris spent six years in the league before returning to National for the 2006–07 season. After a successful 2014–15 campaign, the club gained promotion to Ligue 2, the French second division, alongside its local rival Red Star F.C. However, it would stay in Ligue 2 for only one year and was relegated back to the Championnat National for the 2016–17 season.

In the 2016–17 season, Paris FC made the playoff/relegation final against US Orleans but lost over the two legged game on aggregate. Paris FC were then administratively promoted to Ligue 2 after SC Bastia were demoted to the third division for financial irregularities. For the 2017/2018 Ligue 2 season, Paris FC finished 8th in the table but at one stage occupied the promotion places.

In the 2018–19 season, Paris finished 4th and contested the play-offs against RC Lens, but lost the penalty shoot-out after a 1–1 draw.

On 30 April 2021 Paris FC, along with Angers, were handed a transfer ban by FIFA for violation of regulations regarding relay transfers in August 2020. The ban was effective for the summer 2021 transfer window.

Bahraini investment

In July 2020, a new strategic economic partner joined Paris FC to support the club's development and ambitions: the Kingdom of Bahrain. The deal was completed with a capital investment to improve the finances of the club, giving the kingdom 20 percent of the equity. Pierre Ferracci, the founder of the December 1983 established Alpha Group (French: Groupe Alpha) which owns its subsidiary the consulting and auditing firm Alpha-Secafi, remained the main shareholder with a contribution of 77 percent. In addition to this investment, the Kingdom of Bahrain became the main sponsor of the club.

The Council of Paris was to vote on renewing the yearly subvention that the City of Paris allocates to the Paris Club, several non-profit organizations based in Paris, including ADHRB called for the City of Paris to hold a dialogue on the abuse of human rights and death penalty practiced in the Kingdom of Bahrain, a 20% share holder of the club. The Council of Paris accused the kingdom of distracting the general public from its abuses via a popular sport like football, committing a practice known as ‘sportswashing’. The council also demanded the release of detainees put on death row by Bahrain on the basis of confessions acquired via torture methods. As one of the oldest partners of the Paris FC club, Mairie de Paris was called for pursuing its commitment towards the defense of human rights.

The NGOs had highlighted the human rights records and the sportswashing attempts of Bahrain, under which the club's jerseys promoted “Victorious Bahrain” and the grounds of Charléty stadium had “Explore Bahrain” advertisements. Such publicity was considered inappropriate, as Bahrain was seen as a repressive regime. Following the appeal from the NGOs, the Council of Paris voted an amendment for the allocation of a subsidy of €500,000 to the club. In the amendment, all the issues were kept in mind to ensure the inclusion of an “organization of additional actions to raise awareness of human rights and fight against all forms of discrimination”. Besides, the mention of private financial partnerships in the amendment was believed to prompt a withdrawal of the “Explore Bahrain” advertising panels in the Charléty stadium.