Chelsea has completed their first purchase in their effort to establish a multi-team network, acquiring French club Strasbourg. Todd Boehly, Chelsea’s co-owner, stated his plans to unite a number of teams early in his reign at Stamford Bridge. The Boehly and Clearlake Capital Consortium investigated teams in a variety of nations, including Belgium, Portugal, and Brazil, as well as investing in some of Strasbourg’s French rivals.
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The initial anticipation was that Chelsea would be forced to compromise for a minority ownership in Strasbourg, preventing them from exercising complete control over the French club. Sources questioned if such a transaction would help Chelsea, and further discussions were held.
The extent of the stake is unknown, although Chelsea is expected to hold nearly all of it. According to reports in France, Chelsea is paying €75 million (£65 million) for their stake.
Chelsea increased their interest in Strasbourg after Boehly failed to reach an agreement with Bordeaux’s president, Gérard López. In recent months, Boehly has had fruitful meetings with Strasbourg’s president, Marc Keller. At Strasbourg, there were 11 shareholders, with Keller holding the largest part at 27%.
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Purchasing Strasbourg will allow Chelsea to give young players exposure before bringing them to Stamford Bridge. Manchester City’s parent corporation, City Football Group, which has satellite clubs all over the world, has followed suit.
Tony Bloom, the club’s owner, also owns Union Saint-Gilloise in Belgium. Kaoru Mitoma, who was fantastic for Brighton this season, excelled on loan at Union SG last year. Aleksander Ceferin, the head of Uefa, recently hinted at loosening limits on clubs with the same owner competing in the same European championship. A modification in the rules would benefit Chelsea’s owners.
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