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Are Fans Turning Against Multi-Club Ownership?

SSI Bureau by SSI Bureau
January 12, 2026
in Sports
Are Fans Turning Against Multi-Club Ownership?

Image Courtesy: @TulipeR211/X

Most Strasbourg supporters initially welcomed the club’s partnership with Chelsea owners BlueCo. Investment improved the squad, boosted transfer spending and helped the team become competitive in Ligue 1. The club also benefited from a £157m stadium redevelopment, increasing capacity and upgrading facilities.

Strasbourg even topped their Europa Conference League group last month, marking a successful period on the pitch. But the mood has shifted sharply following manager Liam Rosenior’s sudden move to Chelsea.

Shock at Rosenior’s departure

Rosenior’s exit mid-season has sparked anger among fans. Many now feel the club is being treated as a secondary partner within the multi-club ownership model.

L’Equipe journalist Cyril Olives-Berthet said the reaction has been severe. “People are shocked. Even those who supported BlueCo before are disappointed. The backlash has been huge across France,” he told BBC Sport.

Gary O’Neil has replaced Rosenior, but supporters remain unconvinced about his experience and suitability for the role.

Ultras lead the protest

Strasbourg’s ultras have protested throughout the season by staying silent for the first 15 minutes of matches and displaying banners against BlueCo’s ownership.

For them, Rosenior’s move confirmed their fears. “This is everything wrong with modern football,” said Alexandre, spokesperson for the supporters’ federation. “Leaving mid-season for a bigger club is unacceptable.”

Alexandre has previously described Strasbourg as a “Chelsea B team”, a label club president Marc Keller strongly denies.

President Keller defends the club

Keller admitted he was disappointed by Rosenior’s departure but insisted it was unplanned. “Sometimes in football, you have to adapt,” he said.

He also rejected claims Strasbourg is merely a feeder club. However, Rosenior’s move and striker Emmanuel Emegha’s upcoming transfer to Chelsea have weakened that argument in the eyes of fans.

How multi-club ownership works

Around half of Premier League clubs are now part of multi-club ownership (MCO) models. Major groups include City Football Group and Red Bull, where players and managers move between clubs – usually between seasons.

Chelsea and Strasbourg’s two-club structure is considered unusual. Football finance expert Kieran Maguire described BlueCo’s approach as more of a hedge-fund model focused on buying young players and increasing their market value.

Transfer links raise concerns

So far, 11 players have moved between Chelsea and Strasbourg. These deals include loans and permanent transfers, raising questions about sporting integrity.

Defender Mamadou Sarr, for example, joined Chelsea but returned to Strasbourg on loan after limited playing time. Emegha will become the 12th player to switch clubs this summer.

Fans across Europe speak out

Strasbourg are not alone. Supporters of Troyes, part of City Football Group, protested in 2024 after facing relegation struggles.

UEFA has begun enforcing stricter rules. Clubs such as Crystal Palace and Drogheda United were penalised this season due to MCO conflicts. Strasbourg fans even displayed banners supporting Palace after their European demotion.

Is opinion finally shifting?

While MCOs continue to grow, resistance is building. Fans fear loss of identity, autonomy and long-term ambition.

Despite increased investment and on-field success, Strasbourg supporters now feel they are paying the price for being part of a larger ownership network.

Whether football authorities can regulate this model effectively remains unclear. For many fans, however, the damage may already be done.

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SSI Bureau

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