The consortium BlueCo which bought Chelsea final 12 months has reached an settlement to turn into shareholders of French membership Racing Strasbourg, the Premier League membership mentioned on Thursday.
The settlement will see BlueCo put money into Strasbourg’s first groups and academy whereas Marc Keller will stay the membership’s president having been on the helm since 2012 when the membership was susceptible to being liquidated.
Strasbourg have since moved up from the third tier to Ligue 1 the place they’ve performed for the final six seasons and in addition gained the French League Cup in 2019. They completed fifteenth in Ligue 1 final season.
“This is a crucial day for Racing (Membership de Strasbourg). It’s one thing my shareholder associates and I’ve been fascinated by for the previous two years,” Keller mentioned in a press release.
“We’ve constructed a membership that’s wholesome at each degree and effectively managed. Though there was no monetary urgency, we had been conscious that we had reached the ceiling of our mannequin.
“If we needed to proceed driving Racing ahead and projecting it into a brand new dimension, we essentially wanted to be accompanied by a strong construction able to supporting our improvement and our ambition.”
Particulars of the stake weren’t disclosed however The Guardian reported the consortium can have near a 100% possession having paid 75 million euros ($82.13 million).
Chelsea had been taken over final 12 months by an funding group led by Todd Boehly and Clearlake Capital after Roman Abramovich was compelled to promote the Premier League membership.
“BlueCo plans to make an energetic contribution to the event of the mannequin carried out by Marc Keller,” it mentioned.
“First, financially, by offering capital that may allow funding within the males’s and ladies’s first groups, the academy and throughout the membership.”