United States Investor & NBA LA Lakers Part-Owner Todd Boehly Buys Chelsea Football Club for $5.4 Billion from Sanctioned Russian Billionaire Roman Abramovich
3rd June 2022 | Hong Kong
United States investor Todd Boehly and Clearlake Capital ($72 billion AUM, portfolio includes Cirque du Soleil) have jointly acquired Chelsea Football Club for $5.4 billion (GBP 4.25 billion) from sanctioned Russian billionaire Roman Abramovich, after 20 years of ownership and being forced to sell the football (International pressure due to Russia war in Ukraine). Todd Boehly is also the part-owner of Los Angeles Lakers (NBA club), and has investments in Penske Media which owns Billboard, Rolling Stone, Variety and The Hollywood Reporter. Chelsea football club received more than 250 enquiries with 12 credible bids. Russian billionaire Roman Abramovich had bought Chelsea football club in 2003 (19 years ago) with GBP 140 million. Todd Boehly and Clearlake Capital will have joint control of Chelsea football club.
“ United States Investor & NBA LA Lakers Owner Todd Boehly Buys Chelsea Football Club for $5.4 Billion from Sanctioned Russian Billionaire Roman Abramovich “
Todd Boehly
Todd L. Boehly is Co-founder, Chairman, and Chief Executive Officer of Eldridge. Mr. Boehly is an owner of the Los Angeles Dodgers, the Los Angeles Lakers, the Los Angeles Sparks, Cloud9, and DraftKings. He is Chairman of Security Benefit, and MRC, which owns dick clark productions, and has investments in A24, Fulwell 73, and Penske Media, which owns Billboard, Rolling Stone, Variety, and The Hollywood Reporter. Eldridge has made investments in over 70 operating businesses. Mr. Boehly is also on the boards of the Los Angeles Lakers, Flexjet, PayActiv, CAIS, Cain International, Kennedy Wilson (NYSE: KW), Vivid Seats (NASDAQ: SEAT), and Horizon Acquisition Corporation II (NYSE: HZON). Mr. Boehly was formerly on the board of Truebill.
Prior to founding Eldridge, Mr. Boehly was President of Guggenheim Partners and founded the credit business at Guggenheim. He received his B.B.A. from The College of William & Mary, where he later founded The Boehly Center for Excellence in Finance, and studied at the London School of Economics. Mr. Boehly supports epilepsy research, Focused Ultrasound Foundation, Prostate Cancer Foundation, Brunswick School, and The College of William & Mary.
Eldridge manages businesses across diversified industries
Headquartered in Greenwich, CT, with offices in New York, London, and Beverly Hills, Eldridge is dedicated to growing market opportunities into significant businesses. We are interested in providing businesses and management teams with capital and resources to help experienced leaders and their teams execute their strategic plans. We provide debt and equity capital along with perspective, relationships, and a network of supportive businesses with a shared commitment to growth.
Clearlake Capital Group
Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has over $72 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. Clearlake is led by José E. Feliciano and Behdad Eghbali, who have together built a team of investment professionals with a blend of sector and product capabilities through a history of long-term strategic partnerships with management to transform and grow companies. The team has approximately 200 years of collective experience with a focus on complex situations in small and medium-sized companies.
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