Chelsea have completed their first move in building a multi-club network by purchasing French club Strasbourg for £65million.
The size of the stake is currently unknown but it's reported Todd Boehly and Clearlake Capital will have close to a 100% ownership. A statement from the Ligue 1 side confirmed the news on Thursday. It read: "The shareholders of Racing Club de Strasbourg Alsace today announced an agreement with BlueCo, the consortium which purchased Chelsea FC in May 2022.
"The agreement would mark a new chapter in Racing’s history as the ownership consortium commits to accelerate sustainable investment in the club’s growth, including in the first teams and in the Academy, in continuity with the project implemented by Marc Keller, who would remain President of the club, supported by his current management team.
