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

At the head of a consortium of wealthy Americans, these forty have just completed, at nearly 5 billion euros, the largest transaction in football history.

Listed for sale due to relations with former owner, Russian oligarch Roman Abramovich, with Vladimir Putin, the club of chelseawhere Red Devils center-forward Romelu Lukaku plays, found a take over the weekend.

The lucky owner of the last Champions League winner, Todd Boehly (46 years old) is a complete stranger to Europe. But he has a way of his ambitions. Head of investment fund Eldridge Industrieshe amassed some huge wealth to present an offer to get 5 billion euros, proving the biggest club takeover operation ever.

In addition to Todd Boehly, around the table Mark Walter (Guggenheim partners funds), Swiss billionaire Hansjoerg Wyss (Synthes medical equipment), and US investment company Clearlake Capital.

5 billion

euros

The Chelsa takeover bid is the biggest club takeover deal ever.

A billionaire whim? Yes and no. Admittedly, the operation is another American stake in a European football club, after taking on Manchester United, Liverpool, Inter Milan, Atletico Madrid, to take over the most prestigious, without forgetting, a few weeks ago, the Standard de Liège took over US 777 funding. 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 dollars (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 make profitable recreationby multiplying sources of income.

Moreover, one of its major projects will develop in expand the old Stamford Bridge stadium, whose capacity is limited to 42,000 seats, to increase revenue (ticketing, merchandising, marketing, etc.). With the five billion deal it is actually an obligation to invest both in the club and in its infrastructure.

Todd Boehly is more familiar with the music show business – which football is more likely to be – because his funding at Eldridge Industries is, among other things, active with Bruce Springsteen catalog rights and sports betting by DraftKings. Nearly ten years ago, he also made a deal between Time Warner Cable and the Dodgers to create SportsNet LA, a regional network that broadcasts all Dodgers games.



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

Todd Boehly

Owner of Chelsea football club

Diversification

short, a professional achievement such as the love of Americans. The guy really started with almost nothing. The grandson of German emigrants, he graduated in finance from the College of William & Mary in Virginia and attended the prestigious London School of Economics. He cut his financial teeth at Citibank then at CS First Boston before joining Guggenheim Partners.

He founded, in 2015, Eldridge, to which he applied diversify the portfolio. Aside from its interests in sports and entertainment, the fund is also active in insurance, real estate, e-health, tech and hospitality. “I think being diverse really helps us get through the cycles”, he declared in September at news.yahoo.com. The acquisition of this European football institution Chelsea is fully consistent with this strategy.

Resume Express

  • 46 years old, American of German descent
  • Graduated in finance from the College of William & Mary in Virginia. Studied at the London School of Economics.
  • Started finance at Citibank then at CS first Boston
  • Created in 2015 the Eldridge Industries fund (sport, media, entertainment, real estate, health, technologies ….)
  • Acquisition of a consortium of investors in Chelsea FC for 5 billion euros

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