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Topics: Chelsea, Todd Boehly
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Joe Lynch
The Premier League has approved a £4.25 billion takeover of Chelsea by a consortium which American businessman Todd Boehly is leading.
On 16th May a government insider said the deal was ‘close to collapse’, however Boehly’s consortium has seemingly overcome any difficulties and has now satisfied the Premier League’s owners and directors tests.
The consortium will succeed Roman Abramovich, who was forced to sell the club after his links with Vladimir Putin led to the Russian businessman being sanctioned by the British government.
Boehly’s consortium is backed by a number of financial ‘heavy hitters’. These include Swiss billionaire Hansjoerg Wyss, the founder and former chairman of Synthes Holding AG, and US billionaire Mark Walter, CEO of Guggenheim Partners, a financial services firm which manages more than $310 billion assets.
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Californian Private Equity firm Clearlake Capital is also an integral part of the consortium and will own a majority of shares in the club.
Boehly is fast becoming a big name in the world of football executives and, with eye-watering sums of money being invested in the Chelsea takeover, many are wondering… how much is Boehly worth?
Todd Boehly is worth $4.5 billion (£3.6 billion) according to Forbes.
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Boehly graduated from the College of William & Mary in 1996 with a B.B.A in Finance, he also studied at the London School of Economics.
In 2001 Boehly joined Guggenheim Partners, after fourteen successful years Boehly bought some of the assets he collected at Guggenheim, including The Hollywood Reporter magazine and Dick Clark Productions, and used the money to found Eldridge partners, a private investment company, in 2015.
Boehly’s involvement in the Chelsea acquisition is not the first time he’s used his wealth to make an impact on the sporting world. Boehly owns 20% of the LA Dodgers baseball team and in 2021, he and Mark Walter acquired a 27% stake in LeBron James’ LA Lakers.