Chelsea Owners Acquires French Ligue 1 Club, Strasbourg

The American owners of English Premier League side, Chelsea on Thursday sealed a deal to acquire Ligue 1 outfit Strasbourg, the consortium announced.

“This agreement marks a new chapter in the history of Strasbourg as the consortium is committed to accelerating sustainable investments in the growth of the club,” the BlueCo consortium made this known in a statement.

“(This includes) the first team and in the academy, in the continuity of the project implemented by Marc Keller, who will remain chairman of the club, supported by his current management team.”

The consortium led by American businessman Todd Boehly and US-based Clearlake Capital endured a torrid first year in charge of Chelsea.

They dismissed managers Thomas Tuchel and Graham Potter before a miserable end to the campaign under interim boss Frank Lampard.

Chelsea’s 12th-place finish was their worst since 1994 despite a spend of more than £500 million ($624 million) on new players in the new owners’ first two transfer windows.

They have since appointed Mauricio Pochettino as their new coach.

Boehly is also the co-owner of the Los Angeles Dodgers baseball team.

Strasbourg endured their own struggles last season, finishing just two places and five points above the relegation zone.

A source told AFP that the US consortium has bought almost all of the Strasbourg club shares.

However, he was unable to reveal the full value of the deal.

Strasbourg is the fifth Ligue 1 club to pass into American ownership after Marseille, Lyon, Toulouse, and Le Havre.