BlueCo, owner of Chelsea, becomes owner of several clubs with the acquisition of Racing Strasbourg

June 23 - Chelsea owners BlueCo have become shareholders in Ligue 1 club Racing Strasbourg, taking a first step in building a multi-club ownership model.

The consortium that took over West London in May 2022 had long prioritized expanding its portfolio and the new link with the French club is a first step in that direction. They have reportedly shown interest in Brazilian and Portuguese clubs in the past.

Reports in France value the deal at €75m, with BlueCo becoming the majority shareholder.

"It is an honor for us to be part of this historic club," BlueCo said in a statement.

"We are committed to preserving the legacy of Racing and we are focused on working closely with Marc [Keller, president of Strasbourg] and his management team to continue the excellent work they have done. This investment strategy would strengthen our presence in European football, alongside our ownership of Chelsea. We believe this would create tremendous opportunities for sharing knowledge and expertise."

President of Strasbourg since 2012, Keller will retain his role.

"We have built a healthy club at all levels and well managed. Although there was no financial emergency, we were aware that we had reached the ceiling of our model, and if we wanted to continue to move Racing forward and project it into a new dimension, we had to be accompanied by a solid structure capable of supporting our development and our ambition.

"I therefore welcome the prospect of welcoming a new strategic investor, with whom we would accelerate the club's ambition to build the Racing of tomorrow."

In the past, Chelsea chairman Todd Boehly said the multiclub system provided "pathways for our young superstars to get onto the Chelsea pitch while giving them real game time".

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