Chelsea's ownership consortium buys Strasbourg

BlueCo, Chelsea's consortium owner for the past year, agreed on Thursday to buy French club Strasbourg, which finished 15th in Ligue 1 last season, keeping their current chairman Marc Keller and "committing" to investing "in the growth of the club" at all levels, from youth to first team.

This was announced by the French club in a statement, reported in the local press, in which it described the sale as "a new chapter in the history" of the team.

"We have built a well-managed club. We are aware that we had reached the ceiling of our model and if we want to move forward and project Racing to a new dimension we had to be accompanied by a solid structure capable of supporting our development and ambition. I look forward to welcoming a new strategic investor, with whom we will accelerate the building of the Strasbourg of tomorrow," said Keller.

BlueCo, which took over Chelsea in May, is "committed to preserving the legacy" of Strasbourg, according to the Alsatian club's statement, and is "honoured to be part of this historic club", which has one Ligue 1 title (1978-79), one Coupe de France (2000-01) and three French League Cups (1996-97, 2004-05 and 2018-19) to its name.

"This strategic investment would strengthen our presence in European football, along with our involvement with Chelsea. We believe it would create tremendous opportunities to share knowledge and expertise," said BlueCo, whose agreement to buy Strasbourg will now be subject to review by the French Professional Football League's National Directorate for Management Control.

 

June 22, 2023