Wednesday September 27, 2023

Chelsea Set to Begin New Era Under Todd Boehly

  • Chelsea FC is set to be sold to a consortium led by Los Angeles Dodgers, Lakers and Sparks co-owner Todd Boehly.
  • The U.K. government is finalizing details to complete the deal.
Chelsea FC
Front Office Sports Today

Taylor Swift Takes NFL to New Heights

Taylor Swift and her rumored relationship have brought in a new, more female-heavy audience.
Listen Now
September 27, 2023 | Podcast
Copy Link
Link Copied
Link Copied

Chelsea FC is set to begin a new chapter in its history with the imminent closing of its sale to the group led by Todd Boehly.

The $5.3 billion transaction was finalized with the U.K. signing off on the deal. The British government received assurances that former owner Roman Abramovich will not receive any money from the sale. 

The Premier League approved the deal on Tuesday.

The U.K. sanctioned Abramovich for his connections to Vladimir Putin following Russia’s invasion of Ukraine.

  • The money will be held in a frozen bank account controlled by the British government. 
  • Portuguese officials will need to approve the sale, because Abramovich holds a Portuguese passport.
  • There was some urgency to complete the sale, as a special license allowing the club to operate expires on May 31. The club has been unable to make player transactions or negotiate contracts under its current license.

Clearlake’s Role

While Boehly will be the controlling owner of the club and Swiss billionaire Hansjörg Wyss will be a part-owner, neither will have a majority stake in the club. 

That distinction belongs to private equity firm Clearlake Capital, which is putting up 60% of the funds for the $3.1 billion purchase of the team itself and $2.2 billion in commitments to the team and renovations to its Stamford Bridge stadium. 

The Santa Monica-based firm’s co-founders attempted to buy 40% of the Washington Commanders in 2020, but were blocked by team owner Dan Snyder.

Copy Link
Link Copied
Link Copied

What to Read


NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.

Chelsea Gets $500M For Stadium Projects, Club Acquisitions

The Premier League club is receiving crucial new investment.

How Daktronics Helps Elite Athletic Programs Secure Top Talent

How colleges are utilizing Daktronics' displays to elevate recruiting.

WBD Pursues ‘Different’ Strategy For Sports on Max

Company to place all of its live sports on new streaming tier
podcast thumbnail mobile
Front Office Sports Today

Taylor Swift Takes NFL to New Heights (w/ Andrew Brandt)


Featured Today

Taylor Swift at Chiefs vs. Bears game.

Taylor Swift NFL Hype Likely To Continue Another Week

Swift could drive blockbuster TV ratings for NBC's "Sunday Night Football."
September 27, 2023

Lillard And Giannis Pairing Could Be Big For The NBA, Too

Bucks to be featured on national TV 19 times this season
September 27, 2023

Magic Johnson Open To Knicks Minority Ownership Stake

Basketball Hall of Famer only interested in specific NBA franchise
Golden State Warriors majority owner Joe Lacob walks alone the baseline during the third quarter against the Los Angeles Clippers at Chase Center.
September 27, 2023

Warriors Owner Reportedly Adding A Bay Area WNBA Franchise

An official announcement could come as soon as early October.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations

Panini Picks Up Legal Win, Will Still Make WWE Trading Cards

New York judge denies WWE's bid for restraining order
September 25, 2023

Hollywood Writers' Deal Would Boost Sports Networks and Agencies

Several major sports media entities, talent agencies exposed to strike's effects
September 21, 2023

TKO Makes First Big Move After WWE-UFC Merger

Investors drop TKO shares by 15% following SmackDown rights deal
Deion Sanders
September 19, 2023

Deion Sanders' Sunglass Tiff Nets Eyewear Company Nearly $4.5 Million

Sanders has Midas touch for sunglasses sponsor Blenders.
September 15, 2023

Goldman Sachs Opens Door For Clients To Invest In Sports Teams

Firm initiative opens new opportunities for wealthiest clients
An Everton player displays shirt sponsor, a gambling company, during a match.
September 15, 2023

Everton Acquisition By 777 Partners Extends U.S. Presence in Premier League

American entities now control half of Premier League clubs
September 12, 2023

TKO $21B Merger Closes With Aggressive Ambitions

Newly created company looks to accelerate existing growth trajectory
September 7, 2023

Pinault Completes Landmark $7B Acquisition Of CAA

Major talent agency now in control of French billionaire