Chelsea Owners Start Multi-Club Model by Taking Over French Strasbourg

Chelsea's Chairman Todd Boehly agreed, Thursday, to buy the majority stake of the French Strasbourg.

Boehly, previously, said that he would follow the direction of a multi-club model as it is a good pathway for young players to gain experience.

Although the estimation of the deal is still not announced, it was reported that the Blues will pay 75 million euros for taking over the Ligue 1 side.

In the same context, Club president Marc Keller said it is an "important day" for Strasbourg, adding that while there was "no financial urgency" to the agreement.

Keller also expressed that the shareholders were aware the club "reached the ceiling of our model" and needed investment.

"This is an important day for Racing," said Keller. "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."

Moreover, BlueCo said: "It is an honour for us to be part of this historic club.

The entity added: "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."