Investment

Clearlake Capital confirm 3 areas of investment after sealing Chelsea takeover with Todd Boehly

Chelsea have finally announced the completion of their takeover with the investment group led by Todd Boehly and Clearlake Capital completing the purchase from Roman Abramovich. The former owner’s tenure comes to an end after 19 years.

Chelsea’s board have said the process was ‘extremely thorough and completed on an accelerated timeline’ and suggested the three-month process would usually take nine months to a year to complete. The Blues started with 250 enquiries while the club entered 32 confidentiality agreements and eventually received 12 credible bids.

Ultimately the group fronted by Todd Boehly was successful with the US businessman being the face of proceedings and present at Stamford Bridge on multiple occasions. However, investment group Clearlake Capital will be the largest shareholders with co-founders Behdad Eghbali and José E. Feliciano appearing in London on the final day of the season against Watford.

READ MORE: Chelsea sale: The board of directors give full lowdown on Todd Boehly-Clearlake Capital takeover

The duo are excited to be part of Chelsea and have already announced an intention to expand investment in multiple areas of the club.

The Clearlake managing partners said, “We are excited to commit the resources to continue Chelsea’s leading role in English and global football, and as an engine for football talent development. We also want to thank the authorities for all their work throughout the process. As pioneers in sports and media investing, we are thrilled to partner with Todd and the rest of the consortium to meaningfully grow the Club as a global platform. Together, we will expand the Club’s investment across infrastructure, technology, and sports science to support the incredible Chelsea football and commercial teams – all with the goal of leveraging this growth to fuel even more on-pitch success.”




Source link

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button