• Loading stock data...
Friday, April 26, 2024
  • -
    days
  • -
    hours
  • -
    minutes
  • -
    seconds

Boehly Prepares For Stadium Renovations Amid Chelsea Bid

Chelsea-FC
Chelsea FC/Design: Alex Brooks

Chelsea FC has given interested parties a deadline of April 11 to submit their final offers for the team, but one preferred bidder is already discussing redevelopment of its stadium, Stamford Bridge.

Todd Boehly, co-owner of the Los Angeles Dodgers and Lakers, is heading a consortium with billionaire Hansjorg Wyss for the team, and the Evening Standard reports the group already began consulting with the former project director of Roman Abramovich’s Stamford Bridge plans, David Hickey.

Abramovich was sanctioned by the U.K. government for his ties to Vladimir Putin and put the team up for sale.

  • The consortium has reportedly consulted with architect Janet Marie Smith, who has worked with Boehly on renovations to Dodger Stadium and has led renovations at Boston’s Fenway Park and Atlanta’s Centennial Olympic Stadium.
  • Jonathan Goldstein, who is included in the bid, is a property developer.

Boehly’s consortium, the Ricketts family — owners of the Chicago Cubs — former Liverpool chairman Sir Martin Broughton, and Boston Celtics co-owner Stephen Pagliuca are the remaining four bidders. Each was asked to add at least $1.3 billion to bids — which could now reach at least $3.9 billion — to factor in renovations to the stadium.

Last-Minute Moves

Earlier this week Authentic Brands Group founder Jamie Salter reportedly expressed interest in joining a bid as a minority investor. As of November, the company, which was founded in 2010, was worth $9.5 billion, according to Forbes. Its annual retail sales, an ABG executive told FOS, were $18 billion at the time.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Record QB Haul Comes With High Hopes, Big Money, and No Guarantees

Six teams selected quarterbacks in the first round of the NFL draft.

What 2024’s Stacked QB Class Will Earn on Rookie Deals

The window begins now for these teams to win with QBs on rookie contracts.

Roger Goodell Bravely Fights Through Back Surgery to Hug No. 1 Pick Caleb Williams

The Bears made one of the worst-kept secrets in sports official Thursday night.

Draft Night Has Been Incredibly Lucrative for A.J. Brown

Brown has made over $100 million in guarantees on draft night.
podcast thumbnail mobile
Front Office Sports Today

NFL Draft Prep with Matt Miller

0:00
0:00

Featured Today

Everything You Need To Know About the Legal Attempts To Kill the ACC

Four lawsuits involving the conference, Clemson, and FSU could determine the future.
April 20, 2024

A Bare-Knuckle Fighter Won His Pro Debut. The Far Right Scored a Marketing Win

With Proud Boys sponsoring him, experts say extremist groups will use his success to elevate their ideologies and recruit new believers.
April 7, 2024

Women’s Basketball Finally Has a TV Deal to Match the Excitement. Now What?

A lucrative new media-rights contract could rectify problems of the past, but the future of March Madness media rights is anyone’s guess.
Mar 16, 2024; Washington, D.C., USA; North Carolina State Wolfpack forward DJ Burns Jr. (30) cuts the net after defeating the North Carolina Tar Heels for the ACC Conference Championship at Capital One Arena.
April 6, 2024

How Two College Seniors Helped DJ Burns Cash In on a Final Four Run

Two college seniors are facilitating deals for NC State’s big man.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Adidas
Multiple - USA Careers
FanDuel
Multiple - USA Careers

Salt Lake City’s Rising Status: New NHL Team, Olympics Likely Next

A formal visit by former Coyotes players and coaches draws a capacity Delta Center crowd.
April 24, 2024

Chicago Wants Super Bowls and Final Fours. The Price? Nearly $5 Billion

The NFL team presents an ambitious vision for the new facility, but funding questions remain.
April 25, 2024

Bears Leaders Join Public Prayer for New Chicago Stadium

‘I’m offended as a citizen of Chicago,’ said a local sports radio host.
Sponsored

Rapid Returns: How Technology Is Getting You Back to Your Seat

How Oracle’s POS technology is helping fans get back to their seats faster.
April 23, 2024

Bears Set to Forge Ahead With Domed Lakefront Stadium Plans

The NFL team has scheduled a Wednesday press conference to detail plans for a lakefront domed stadium.
April 23, 2024

K.C. Current’s Stadium Success Highlights Chiefs’ and Royals’ Failures

The NWSL club is spending more money on a stadium development project.
April 22, 2024

Phoenix’s NHL Future on Ice: Can Meruelo Reactivate the Coyotes?

NHL commissioner Gary Bettman acknowledges there could be a repeat of local political opposition.
April 16, 2024

To Sum Up Current Commanders, Coyotes Situations: It’s Complicated

The Commanders hire a Capitol Hill insider as the team continues its stadium pursuit.