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Chelsea FC's Backers Clearlake and Todd Boehly Weigh Ownership Options.
- 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]
- Subjects :
- SOCCER
SOCCER teams
HOTEL sales & prices
PRIVATE equity
SPOKESPERSONS
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 179510579