It's a new era for the English club chelsea Fc as a consortium led by Todd Boehly chairman and CEO of Eldridge, and Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) recently completed a 5.4 billion dollar purchase of the club. It's no news that Chelsea's former boss Roman Abramovic had his accounts frozen by the british government as a means of punishing the Russian Oligarch after russia invaded Ukraine.
Following 19 years of successful management and development of the club, Roman succeeded in handing over the baton to the new owners. No doubt Chelsea saw much progress under his leadership. Asides from his leniency in funding and organization, he also succeeded in forming a very formidable youth team and women's team. The deal left no profit to the former boss as the British govt required the money to be used for humanitarian activities.
With new management comes new visions as Todd Boehly outlined his vision for the club. Asides from a more competent managerial improvement, he hopes to continue from where Roman stopped to get chelsea to the next level.
"We are honoured to become the new custodians of Chelsea Football Club. 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.”
-Todd Boehly.
As the new season awaits, all eyes are set to see how effective the new management will be. Hopefully plans are already in place to enhance Chelsea’s competitiveness. Amongst other laid down plans are the redevelopment of Stamford Bridge, further investment in the Academy, the Women’s Team, and Kingsmeadow stadium.
In the official agreement, Boehly and Clearlake will share joint control and equal governance of the Club. Boehly will serve as Chairman of the holding company with a reasonable amount of control vested in him.
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