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Chelsea seal link to Racing Club de Strasbourg Alsace after BlueCo shareholder agreement

RC Strasbourg becomes the first club under the BlueCo umbrella as Chelsea looks to build a global footballing network in the vein of City Group and Red Bull

Premier League giants Chelsea have taken the first steps at establishing a global footballing network after applying ink to parchment in a deal that sees the club become new shareholders in Ligue 1 outfit Racing Club de Strasbourg Alsace.

In a statement released today, RC Strasbourg’s president Marc Keller, who is set to remain in his role at the helm of the French outfit, spoke on the full range of BlueCo’s investment plans for the club moving forward in what is likely to be the first of many such moves orchestrated by Todd Boehly and Behdad Eghbali in their bid to establish a network in the vein of City Group and Red Bull.

“This is an important day for Racing. It’s something my shareholder friends and I have been thinking about for the past two years. We’ve built a club that’s healthy at every level and well-managed. Although there was no financial urgency, we were aware that we had reached the ceiling of our model, and if we wanted to continue driving Racing forward and projecting it into a new dimension, we necessarily needed to be accompanied by a solid structure capable of supporting our development and our ambition. I am therefore delighted of the perspective to welcome a new strategic investor, with whom we would accelerate the club’s ambition to build the Racing of tomorrow”

The club’s shareholders mirrored Kellers’s statement as rumors suggest Chelsea has acquired a 100% ownership stake, or a number very close to that, which will also include the Women’s team, while the club’s structure at board level is set to remain under the former international.

“It is an honor for us to be part of this historic club. We are committed to preserving the heritage of Racing and are focused on working closely with Marc and his management team to continue the excellent work they have been doing. This strategic investment would further our presence in European football, alongside our ownership of Chelsea. We believe it would create huge opportunities to share knowledge and expertise.”

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Andrew Thompson

US-based Football writer. German football guru with a wealth of experience in youth development and analysis. Data aficionado. Happily championing the notion that Americans have a knowledgeable voice in the beautiful game.

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