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Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club - Sports - Nairaland

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Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by DebbieBianca(f): 5:48pm On May 30
New joint control owners are committed to growth and building on the tradition of unparalleled football excellence.

The consortium led by Todd Boehly, chairman and CEO of Eldridge, and Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced completion of the ownership transfer of Chelsea Football Club (“Chelsea FC” or “the Club”). The consortium also includes Hansjörg Wyss, founder of the Wyss Foundation, and Mark Walter, co-founder and CEO of Guggenheim Capital. Walter and Boehly are owners of the Los Angeles Dodgers, the Los Angeles Lakers, and the Los Angeles Sparks. The transaction has received all necessary approvals from The Government of the United Kingdom, The Premier League, and other authorities.

Under the terms of the agreement, Boehly and Clearlake will share joint control and equal governance of the Club. Boehly will serve as Chairman of the holding company.

Boehly and Clearlake are committed to investing in key areas that will extend and enhance Chelsea’s competitiveness, including the redevelopment of Stamford Bridge, further investment in the Academy, the Women’s Team, and Kingsmeadow stadium. The owners will also continue the important work of the Chelsea Foundation.

“We are honoured to become the new custodians of Chelsea Football Club,” said Boehly. “We’re all in – 100% -- every minute of every match. Our vision as owners is clear: we want to make the fans proud. Along with our commitment to developing the youth squad and acquiring the best talent, our plan of action is to invest in the Club for the long-term and build on Chelsea’s remarkable history of success. I personally want to thank ministers and officials in the British government, and the Premier League, for all their work in making this happen.”

Behdad Eghbali and José E. Feliciano, Clearlake co-founders and 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.”

The new ownership group wishes to recognise the dedication and professionalism of the Department for Digital, Culture, Media and Sport, HM Treasury, and the Premier League in conducting their reviews of this historic and complex transaction.

Deutsche Bank, Goldman Sachs, Moelis & Company LLC, and Robey Warshaw LLP served as financial advisors to the new ownership group. Latham & Watkins LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP, and Sidley Austin LLP served as legal counsel.

The Raine Group served as exclusive financial advisor to Fordstam Limited and Chelsea FC. Northridge Law LLP, Simmons & Simmons LP, and Pillsbury, Winthrop, Shaw, Pittman LP served as legal counsel.


Source:
https://www.chelseafc.com/en/news/2022/05/30/consortium-led-by-todd-boehly-and-clearlake-capital-completes-ac

5 Likes 1 Share

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by Malory: 5:49pm On May 30
No one can be like Roman. You will forever be in our hearts Roman

75 Likes 6 Shares

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by LaSenior: 5:55pm On May 30
cheesy

No body dey do bad thing with clean eyes

Joint ownership doesn't work that much in football club

4 Likes

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by Dikaveli2(m): 5:55pm On May 30
Now lets spend wisely

Dembele on free transfer
Emerson is coming back

Get us a creative midfielder
Let timo be a support to james since he cant score but can run

Get 2 central midfielders

Coach should try and change pattern to favour lukaku people should stop blaming the lad the coach system is not helping at all

Let their be competition for mendy

Lets look at players like
Icardi
Nkuku
Dembele
Ndidi
Isco
Bussoma
Tomori
Kounde

Let jorginho leave except he will play central and be creative

Build team on barkley the lad is good

Loan or sell hudson
Loan or rlc
Sell kante
Sell alonso
Sell Cesar
Let Kennedy stay or loan him
Bring in musonda
Sell zyiech
Havertz is not strong enough

Thank you

8 Likes 3 Shares

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by Sirheny007(m): 5:55pm On May 30
Welcome aboard.
The beginning of the end for Chelsea.
Soon, Chelsea will become a midtable team.

cool cool

4 Likes 1 Share

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by Sirmuel1(m): 5:55pm On May 30
Chelsea na team?
Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by New007: 5:55pm On May 30
Na everyday dem dey complete this deal? Abeg rest!
Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by Loner97(m): 5:55pm On May 30
Welcome to the Bridge

3 Likes 1 Share

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by Dikaveli2(m): 5:55pm On May 30
Malory:
No one can be like Roman. You will forever be in our hearts Roman


I am a die hard Chelsea fan as you

Bro when roman bought our team we didn't know he will spend much so for now much is not known of the new guys

Who knows they may spend more than roman all i know is chelsea is an already established football club so nobody or organisation will spend much to acquire a club and feek reluctant in developing it more

8 Likes 1 Share

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by SaintBeehot(m): 5:55pm On May 30
My blood is Blue �

12 Likes 1 Share

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by Sinensis: 5:55pm On May 30
This ones no go like spend money o

3 Likes 2 Shares

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by Dikaveli2(m): 5:55pm On May 30
New007:
Na everyday dem dey complete this deal? Abeg rest!
oga try to dey read

9 Likes

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by Lamasta(m): 5:55pm On May 30
Boehly to the rescue of shepe team grin
Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by tonididdy(m): 5:56pm On May 30
The best owners are Arabic and Russian owners!



... The rest know nothing about football business. I'm not happy with this deal, period!

6 Likes 1 Share

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by TheKingsmann(m): 5:56pm On May 30
I will miss Roman

3 Likes 1 Share

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by Dejavuetall(m): 5:56pm On May 30
Expected development. Next is to rebuild.

1 Like

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by obedience4(m): 5:57pm On May 30
good news, win for ukraine and we united fans

1 Like

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by MumuYorubaBoy: 5:57pm On May 30
British and European people keep shooting themselves in the foot.
Americans cashing out.
Nairalanders like Igbofam2 running around empty bellied praising them.

Alika.

2 Likes 1 Share

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by tonididdy(m): 5:57pm On May 30
Na UK govt lowkey own Chelsea now!

4 Likes

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by otubujohn(m): 5:59pm On May 30
None like Roman

4 Likes

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by Frayoworld: 5:59pm On May 30
Roman forever REIGNS at d bridge

2 Likes

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by VEHINTOLAR: 6:05pm On May 30
Roman Abramovich is Chelsea and Chelsea is abramovich ! I don't know why my spirit is not just flowing with the Chelsea's new ownership and structures. I wish them good luck though. Roman reigns forever in our BLUE BLOOD !

3 Likes

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by gulfer: 6:06pm On May 30
I pity Chelsea supporters, I hope it's not Championship ya for you guys. Manchester United's issue will look like a small play....all these English shylock management angry angry angry angry angry

1 Like 1 Share

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by Dawn91(m): 6:07pm On May 30
Name change to clearlake FC loading cool

3 Likes 1 Share

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by Malory: 6:07pm On May 30
tonididdy:
The best owners are Arabic and Russian owners!



... The rest know nothing about football business. I'm not happy with this deal, period!
Truth

4 Likes 1 Share

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by penearth(m): 6:09pm On May 30
Sirmuel1:
Chelsea na team?
Better pass people wa da go Europa

5 Likes

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by MVLOX(m): 6:09pm On May 30
A new dawn is here

1 Like

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by Didi2d(m): 6:11pm On May 30
VEHINTOLAR:
Roman Abramovich is Chelsea and Chelsea is abramovich ! I don't why my spirit is not just flowing with the Chelsea new ownership and structures. I wish them good luck though. Roman reigns forever in our BLUE BLOOD !

Same here man. I no just gbadun this new owners

3 Likes

Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by Streetmovement(m): 6:16pm On May 30
Wotoporiously cool speaking

It's official
Re: Todd Boehly And Clearlake Capital Complete Acquisition Of Chelsea Football Club by emmyw(m): 6:18pm On May 30
Sirmuel1:
Chelsea na team?
Just Like Asking If You Are Human grin grin grin grin grin

9 Likes

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