Chelsea owners set to have a stake in French club

BlueCo, a consortium which took over Chelsea last year, has reached an agreement to become shareholders of French Ligue 1 club Racing Strasbourg, according to reports.

Chelsea made this public on Thursday as the club revealed the agreement would see BlueCo invest in Strasbourg’s first teams and academy.

The EPL club further stated that Marc Keller would remain Strasbourg’s president, having been at the helm since 2012, when the French club was at risk of being liquidated.

“This is an important day for Racing (Strasbourg). It is something my shareholder friends and I have been thinking about for the past two years,” Keller said in a statement.

Strasbourg finished at the 15th spot on the French Ligue 1 last season.

Meanwhile, BlueCo are joining the shareholders of a new club when they are yet to improve Chelsea’s performance despite splashing millions on players in two transfer windows.