Chelsea’s owners BlueCo have agreed to buy a stake in Ligue 1 club Strasbourg to take a significant step forwards in their plans for multi-club ownership.
The consortium, which purchased the Premier League club in May last year, are become new shareholders “subject to a consultation process with the relevant employee representative bodies”.
A statement said: “The shareholders of Racing Club de Strasbourg Alsace today announced an agreement with BlueCo, the consortium which purchased Chelsea FC in May 2022.
“The agreement would mark a new chapter in Racing’s history as the ownership consortium commits to accelerate sustainable investment in the club’s growth, including in the first teams and in the Academy, in continuity with the project implemented by Marc Keller, who would remain president of the club, supported by his current management team.
“Through its involvement and recognised expertise in sport, BlueCo plans to make an active contribution to the development of the model implemented by Marc Keller, first, financially, by providing capital that will enable investment in the men’s and women’s first teams, the Academy and across the club.
“It also plans to provide Racing access to broad resources and collaboration. Racing’s teams would be able to exchange advice and expertise with Chelsea and the other teams which the owners are involved with.
“In accordance with Professional Football League regulations, the project was presented today to the Direction Nationale du Contrôle de Gestion (DNCG), whose assessment is expected in the coming weeks.”
BlueCo believe the “strategic investment” would enhance their presence in European football.
A statement said: “It is an honour 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.”
Former France international Keller, who had spells as a player with English sides West Ham, Portsmouth and Blackburn, became Racing’s president in June 2012 with the club in serious danger of liquidation.
It has since returned to Ligue 1 and established itself as a fixture, and played in the Europa League in 2019-20 after winning the League Cup.
Keller said: “The aim is to enable Racing to be even more ambitious and competitive in a football world that has changed considerably, particularly with the massive arrival of foreign investors in many French clubs and the evolution of Ligue 1 from 20 to 18 clubs.
“The arrival of the consortium should enable us to take this step forward.”
The news was confirmed as Chelsea found themselves thrust into the spotlight as a series of players, led by World Cup winner N’Golo Kante, prepare to leave the club for the riches of Saudi Arabia amid speculation that the clear-out could ease their Financial Fair Play worries.
The Blues, under chairman Todd Boehly, have invested in excess of £650million in new signings since the takeover was completed.
Bruno Fernandes hints at Manchester United departure
Bruno Fernandes hinted he may leave Manchester United in the close season, but insisted he will not consider his future until after the European Championship.
The United skipper has been one of the Red Devils' standout performers during a tricky campaign for Erik ten Hag's side, who are sixth in the Premier League and six points behind fifth-place Tottenham with three games remaining.
Fernandes has chipped in with 26 direct goal involvements (15 goals, 11 assists) - the most by any United player - and became the first player to create over 100 chances in the Premier League this term during Saturday's 1-1 draw with Burnley.
The club are reportedly prepared to sell most of their top players in the close season under the new Jim Ratcliffe regime, though the Portugal international is still under contract at Old Trafford until June 2026.
With the European Championship and an FA Cup final against Manchester City on the horizon, the 29-year-old says that remains his top priority and he will focus on his future further down the line.
"I'm not thinking about other things at the moment. Obviously, it doesn't just depend on me, does it?" he told DAZN Portugal.
"A player always has to want to be here, but at the same time, you have to want him to stay. At the moment, I feel there's that on both sides.
"I'm not thinking too much about the future, not least because this season hasn't been at the level I’d hoped for - either individually or collectively - so far.
"If I have to think about not continuing in the Premier League, it won't be until after the Euros. Nothing will be able to take my focus away from the FA Cup final and the Euros, as there's nothing more important than that at the moment."
Ancelotti defends Kroos substitution against Bayern Munich
Carlo Ancelotti defended his decision to substitute Toni Kroos during Real Madrid's 2-2 draw with Bayern Munich.
The two European heavyweights shared the spoils in a thrilling Champions League semi-final first leg at the Allianz Arena, where Vinicius Junior's late penalty levelled the tie.
Vinicius had opened the scoring in the 24th minute after latching onto Kroos' delicious throughball, one of a game-high 15 line-breaking passes the Germany midfielder played during the first half.
The 34-year-old was replaced by Brahim Diaz for the final 14 minutes of the contest, which Bayern had turned around thanks to second-half strikes from Leroy Sane and Harry Kane.
But Ancelotti, who knows the support of Madrid's fans will be crucial when he welcomes his former club to Santiago Bernabeu for next week's second leg, explained his thinking.
"Jude Bellingham had cramp, Toni Kroos played a spectacular game, but the plan was to try to recover the control of the game by putting fresh legs in," the Italian told reporters during his post-match press conference.
"As always, at this point in the season, we have a great opportunity to play in another final. It's an even tie against a great team. It will be another 90 minutes of suffering, but in an atmosphere that we know quite well. The fans are going to help us."
Meanwhile, Thomas Tuchel knows Bayern will have their work cut out in the second leg, but has encouraged his players to be confident and embrace the challenge.
"The situation is now very clear," he said. "We go to Madrid and the winner takes it all. We are ready to fight. It is important to believe that.
"It is still possible. It is 50-50. It is one of the toughest places to win, but that is also what makes this challenge exciting."
Manchester United clearout continues as two more senior boardroom figures depart
Manchester United have continued their clearout under Jim Ratcliffe by confirming the departures of Patrick Stewart and Cliff Baty.
Interim chief executive Stewart and chief financial officer Baty will depart Old Trafford at the end of the current campaign.
Stewart, who replaced Richard Arnold in the position at the start of the year, will be temporarily replaced by Jean-Claude Blanc until Omar Berrada arrives in July, while Roger Bell will take over from Baty.
The news was confirmed by United on their official website on Tuesday.
INEOS Sport chief Blanc is well known to Ratcliffe, who recently bought a 27.7-per-cent stake in United and is in control of footballing affairs.
Bell also has ties to INEOS and will now take up the same CFO role at Old Trafford.
Ratcliffe said: "I would like to personally thank both Patrick and Cliff for their support in helping us get to know the club and making us feel welcome and I respect their decisions to now move on as we establish a new management team for the club."
Executive co-chairman Joel Glazer said: "I would like to thank Patrick and Cliff for their dedicated service to Manchester United and wish them well for the future.
"Both have been a source of invaluable advice and expertise over many years, and Patrick has served an important role as interim CEO during this transitional phase."
Since Ratcliffe purchased a minority stake in United, the club have made a number of other changes behind the scenes.
John Murtough stepped down as football director after more than a decade at the club, with Dan Ashworth lined up to replace him, while Jason Wilcox has been appointed as technical director.
United are sixth in the Premier League with four games remaining, raising questions over the future of manager Erik ten Hag under the new regime.
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