The consortium BlueCo which bought Chelsea last year, has reached an agreement to become shareholders of French Ligue 1 club Racing Strasbourg.
Chelsea revealed on Thursday that the agreement would see BlueCo invest in Strasbourg's first teams and academy.
The west London club also stated that Marc Keller would remain Strasbourg's president, having been at the helm since 2012, when the French club was at risk of being liquidated.
"This is an important day for Racing (Strasbourg). It is something my shareholder friends and I have been thinking about for the past two years," Keller said in a statement.
Strasbourg finished 15th in Ligue 1 last season.
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