Scottish fly-half Finn Russell will join Premiership side Bath after next year's World Cup.
The length of the British and Irish Lions star's contract has not been revealed, although reports claim that he could be on a salary of more than £1 million per year.
Russell has been at Racing since 2019 and has enjoyed a successful spell at the club. Prior to that, he spent six years at Glasgow Warrior's, scoring over 600 points for the Scottish club.
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The signing represents a major coup for Bath, with Russell adding further stardust to a squad recently bolstered by the arrivals of Wasps back-row forward Alfie Barbeary, plus England internationals Ollie Lawrence and Ted Hill from Worcester.
Russell’s ball-playing skills and creativity will bring another dimension to a squad making rapid strides under new head of rugby Johann van Graan.
Russell has won 65 caps and made his Lions Test debut against South Africa last year. He was also part of the Lions’ 2017 tour to New Zealand.
He joined Paris-based Racing in 2018 and was a driving force behind them reaching the Heineken Champions Cup final two years later, when they lost to Exeter.
“I know players at Bath who speak highly of the environment, and the direction the club is going in is something I want to be a part of,” Russell said.
“I have enjoyed my time at Racing 92 and I’ve learnt a lot.
“Now is the right time for a new challenge in a new league, with the aim of moving Bath back to the top end of the Premiership and competing for domestic and European titles.”
Van Graan added: “Finn is a world-class player who will significantly add to our squad on and off the field.
“To be able to attract players of Finn’s quality to Bath Rugby is a credit to how far we have come as a club and a group since July.
“We look forward to welcoming his experience, leadership and expertise.”
Russell’s existing Racing contract expires at the end of this season.
In a statement, the French club said: “Discussions based on a mutual desire for an extension were therefore initiated, but no financial agreement could be found.
“Racing 92 and Finn Russell are continuing the 2022-2023 season with strong sporting ambitions on Top 14 and Champions Cup grounds.
“Racing 92 wishes Finn and his family much success in their next challenges, starting in the summer of 2023.”
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