The financial details of the transaction were not disclosed.

A consortium of American investors on Thursday, June 22, said it had sealed a deal to take control of the French football club of Strasbourg.

“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, which also owns English Premier League’s Chelsea, said.

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

They sacked 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 $624 million on new players in the new owners’ first two transfer windows. They have since hired Mauricio Pochettino as their new coach.

Boehly is also the co-owner of the Los Angeles Dodgers baseball team and the consortium also boasts shares in NBA heavyweights, the LA Lakers.

Strasbourg endured their own struggles last season, finishing just two places and five points above the relegation zone. They were an impressive sixth just 12 months earlier.

A source told Agence France-Presse that the US consortium had bought almost all of the Strasbourg club shares. The financial details of the transaction were not disclosed.

Source: AFP

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