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Chelsea FC's Backers Clearlake and Todd Boehly Weigh Ownership Options.

Authors :
Hellier, David
Turner, Giles
Source :
Bloomberg.com; 9/6/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Chelsea FC's main shareholders, Clearlake Capital and Todd Boehly, are considering their ownership options for the English Premier League football club due to a strained relationship and lack of success on the field. Clearlake, which owns over 60% of the club, and Boehly are exploring the possibility of buying each other out. The disagreement stems from differing opinions on recruitment, underperformance, and the failure to progress on a new stadium. Despite these issues, both parties remain committed to the club. Since taking over from Roman Abramovich, the new owners have spent over £1 billion on players, but the team's success has declined. They have also sold homegrown players and offloaded properties to comply with financial regulations. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
179510579