Chelsea owners Todd Boehly and Clearlake Capital have completed the takeover of French club Strasbourg for £65million.

The Chelsea ownership secured a deal for nearly 100 per cent of the Ligue 1 outfit as they begin their efforts to create a multi-club empire. 

Strasbourg President, Marc Keller, told the French club’s website: “It’s an important day for Racing. It’s a reflection that my shareholder friends and I have been carrying out for two years. 

“We have built a healthy club at all levels and [it is] well managed. Even if there was no financial emergency, we were aware that we had reached the ceiling of our model, and that if we wanted to continue to advance Racing and project it into a new dimension, we necessarily had to be accompanied by a solid structure capable of supporting our development and our ambition. 

“I, therefore, look forward to welcoming a new strategic investor, with whom we will accelerate the club’s ambition to build the Racing of tomorrow.”

BlueCo, the Chelsea ownership group, added: “It is an honour for us to be part of this historic club. We are committed to preserving the legacy of Racing and to working closely with Marc [Keller] and his management team to continue the excellent work they have done. 

“This strategic investment would strengthen our presence in European football, alongside our stake in Chelsea. We believe it would create huge opportunities for sharing knowledge and expertise.”