Chelsea’s owners bought a majority stake in French Ligue 1 side Strasbourg, a little over a year after taking over the English Premier League club from Roman Abramovich.
BlueCo, the consortium of investors which purchased Chelsea in May 2022 for £4.25 billion ($5.4bn), is led by American Todd Boehly. The Guardian reports that BlueCo paid around €75 million ($82m) for a near 100 percent stake in the club.
“This is an important day for Racing,” said Strasbourg president Marc Keller, who will stay on the job. “It’s something my shareholder friends and I have been thinking about for the past two years.”
The consortium plans to help Keller’s plans by providing capital that will enable investment for the men’s and women’s first teams, as well as the academy and other parts of the club.
The Sporting News looks at why Chelsea’s owners chose to buy Strasbourg.
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Why did Chelsea buy Strasbourg?
BlueCo shareholders declared that they are “committed to preserving the heritage of Racing (Strasbourg),” but they also want to help the Ligue 1 side improve their reputation alongside Chelsea.
“This strategic investment would further our presence in European football, alongside our ownership of Chelsea. We believe it would…
