CHELSEA OWNERS AGREE DEAL TO BUY MAJORITY STAKE IN STRASBOURG.

Chelsea’s owners have agreed a deal to buy a majority stake in French
Ligue 1 club Strasbourg.

Chairman Todd Boehly has previously said a multi-club model is a good pathway for young players to gain experience. The size of the stake is unknown, however it has been reported the Blues will pay seventy-five million euros for close to 100% ownership. Club president Marc Keller said it was an important day for Strasbourg.

The former West Ham midfielder added that while there was no financial urgency to the agreement, the shareholders were aware the club had reached the ceiling of our model and needed investment in order develop their ambition.

Strasbourg said BlueCo intends to make an active contribution by investing in the men’s and women’s teams, plus the academy. The French side would also be able to exchange advice and expertise with Chelsea and any other teams the owners are involved with.

The Blues have endured a difficult first season under their new ownership, sacking two managers and finishing in 12th place their worst Premier League position for nearly 30 years.