File image of Chelsea co-owners Behdad Eghbali and Todd Boehly at Stamford Bridge in London, England| Photo Credit: Getty Images

Chelsea possession group BlueCo has agreed to purchase a stake in French top-tier membership Strasbourg in a big step ahead in its plans for multi-club possession.

The consortium, which purchased the Premier League club in May last year, are to develop into new shareholders "subject to a consultation process with the relevant employee representative bodies."

An announcement mentioned Thursday: "The shareholders of Racing Club de Strasbourg Alsace today announced an agreement with BlueCo, the consortium which purchased Chelsea FC in May 2022.

"The settlement would mark a brand new chapter in Racing's historical past because the possession consortium commits to speed up sustainable funding within the membership's progress, together with within the first groups and within the Academy, in continuity with the mission carried out by Marc Keller, who would stay president of the membership, supported by his present administration workforce."

The statement added that "In accordance with Professional Football League rules, the mission was offered right this moment to the Direction Nationale du Controle de Gestion (DNCG), whose evaluation is predicted within the coming weeks." Financial details of the intended deal were not announced. Strasbourg won its only French league title in 1979 and the last of its three French Cups in 2001.

"This strategic funding would additional our presence in European soccer, alongside our possession of Chelsea," BlueCo mentioned. The consortium contains American funding fund Clearlake Capital and Todd Boehly, a part-owner of the Los Angeles Dodgers.

Multi-club possession creates alternatives to share sources and data whereas additionally giving guardian golf equipment the choice of better management of switch market enterprise.

FIFA has weighed regulating the possession mannequin whereas UEFA President Aleksander Ceferin has mentioned it may have a look at stress-free its guidelines designed to restrict golf equipment that share homeowners each enjoying in European competitions.

The UEFA guidelines have been drafted 25 years in the past to guard the integrity of competitions.

Neither Chelsea, the 2021 Champions League winner, nor Strasbourg certified to play in UEFA's membership competitions subsequent season.