They sacked managers Thomas Tuchel and Graham Potter before a miserable end to the campaign under interim boss Frank Lampard.
However, he was unable to reveal the full value of the deal.
“But we were aware that we had reached the ceiling of our model, and that if we wanted to continue to advance the club into a new dimension, we had to be accompanied by a solid structure capable of supporting our development and our ambition.” Supporters had feared that Strasbourg, declared bankrupt in 2011 and demoted to the fifth division, would become just a farm team for Chelsea.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chelsea owners to become shareholders of French Ligue 1 club, StrasbourgThe consortium BlueCo which bought Chelsea last year, has reached an agreement to become shareholders of French Ligue 1 club Racing Strasbourg. Chelsea
Read more »
Chelsea owners buy French Ligue 1 club StrasbourgThe American owners of English Premier League giants Chelsea on Thursday sealed a deal to take control of French Ligue 1 outfit Strasbourg.
Read more »
French man drugs wife, films 83 men raping herA French man, identified as Dominique P, has been accused of drugging his wife and filming at least 83 men raping her over the course of a 10-year period.
Read more »
Transfer: They're not serious - Agbonlahor tells Man United to abandon Chelsea starFormer Aston Villa captain, Gabriel Agbonlahor has told Manchester United to abandon their interest in Chelsea midfielder, Mason Mount. The 24-year-old
Read more »
Transfer: Man City Agree £30m Deal With Chelsea’s KovacicManchester City have agreed a £30m deal to sign Chelsea midfielder Mateo Kovacic.
Read more »
Transfer: Man United may give Ronaldo's No. 7 shirt to Chelsea starChelsea star Mason Mount could be given Manchester United’s famous number 7 shirt at Old Trafford. The England international is heading to Old Trafford,
Read more »