Todd Boehly, the US sports business billionaire, offers Chelsea and Lukaku

At the helm of a consortium of wealthy Americans, the 40-year-old has just completed the largest transaction in football history for nearly € 5 billion.

For sale for links with the former owner, the Russian oligarch Roman Abramovich, with Vladimir Putin, the club of chelseawhere Red Devils center forward Romelu Lukaku plays, found a buyer last weekend.

The lucky owner of the latest Champions League winner, Todd Boehly (46) is a complete stranger in Europe. But he has the means of his ambitions of him. Investment fund manager Eldridge Industrieshas raised large fortunes to present a takeover bid of 5 billion euros, foreshadowing the largest club acquisition ever.

Besides Todd Boehly, I’m around the table Mark Walter (Guggenheim partner funds), Swiss billionaire Hansjoerg Wyss (Synthes medical equipment) and US investment firm Clearlake Capital.

5 billion

EUR

Chelsa’s takeover bid is the largest club acquisition deal ever made.

A billionaire whim? Yes and no. Of course, the operation is yet another American participation in a European football team, after the acquisitions of Manchester United, Liverpool, Inter, Atletico Madrid, to take over the most prestigious, without forgetting that a few weeks ago the Standard de Liège was taken over. from the US 777 fund. But in terms of sports club management, Tod Boehly doesn’t need lessons from anyone.

Baseball and basketball

With a fortune of $ 4.5 billion (the 637th in the world according to Forbes), he is co-owner of the Los Angeles Dodgers (baseball) and the Los Angeles Lakers, one of the NBA’s flagship clubs. And we know the ability of American sports managers to turn it into profitable entertainmentmultiplying the sources of income.

Furthermore, one of its main projects will consist of expand the old Stamford Bridge stadium, whose capacity is limited to 42,000 seats, in order to increase revenues (ticketing, merchandising, marketing, etc.). In the five billion of the deal there is in fact the obligation to invest two in the club and its infrastructure.

Todd Boehly is much more familiar with show business music – which football increasingly tends to be – as his Eldridge Industries fund is, among other things, active in Bruce Springsteen catalog rights and sports betting through DraftKings. Almost a decade ago, he also struck a deal between Time Warner Cable and the Dodgers to create SportsNet LA, a regional network that broadcasts all of the Dodgers’ games.



“I think being different really helps us get through the cycles.”

Todd Boehly

Owner of the Chelsea football team

Diversification

Brief, a professional success the way Americans like it. Man actually started from nothing. Grandson of German immigrants, he graduated in finance from the College of William & Mary in Virginia and studied at the prestigious London School of Economics. He gained experience in finance at Citibank and then at CS First Boston before joining Guggenheim Partners.

He founded Eldridge in 2015, to which he addressed diversify your portfolio. In addition to its interests in sports and entertainment, the fund is also active in the insurance, real estate, e-health, technology and hospitality sectors. “I think being different really helps us get through the cycles”, he told news.yahoo.com last September. The acquisition of this institution of European football which is Chelsea is fully in line with this strategy.

Resume Express

  • 46 years old, American of German descent
  • Graduated in finance from the College of William & Mary in Virginia. He studied at the London School of Economics.
  • He started in finance at Citibank then at CS before Boston
  • Eldridge Industries fund created in 2015 (sports, media, entertainment, real estate, health, technologies ….)
  • Acquisition with a consortium of Chelsea FC investors for € 5 billion

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