Chelsea Football Club announced on Monday that the ownership transfer of the club to the consortium led by Todd Boehly has been completed.
“The consortium led by Todd Boehly, chairman and CEO of Eldridge, and Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced the completion of the ownership transfer of Chelsea Football Club (“Chelsea FC” or “the Club”),” said an official statement from the club. The consortium also includes Hansjorg Wyss, founder of the Wyss Foundation, and Mark Walter, co-founder and CEO of Guggenheim Capital. Walter and Boehly are owners of the Los Angeles Dodgers, the Los Angeles Lakers, and the Los Angeles Sparks. The transaction has received all necessary approvals from The Government of the United Kingdom, The Premier League, and other authorities.
Under the terms of the agreement, Boehly and Clearlake will share joint control and equal governance of the Club. Boehly will serve as Chairman of the holding company.
“Boehly and Clearlake are committed to investing in key areas that will extend and enhance Chelsea’s competitiveness, including the redevelopment of Stamford Bridge, further investment in the Academy, the Women’s Team, and Kingsmeadow stadium. The owners will also continue the important work of the Chelsea Foundation,” added the statement.
REAL’S KARIM BENZEMA NAMED UEFA CHAMPIONS LEAGUE PLAYER OF SEASON
NYON : Real Madrid star forward Karim Benzema has been named as the 2021/22 UEFA Champions League Player of the Season.
The Real Madrid striker took the award after topping the scoring charts with 15 goals and driving his team to glory during their run of breath-taking comebacks. The French striker was a talismanic figure for Madrid as he drove them on to a record 14th European title, and his fifth since he joined from Lyon in 2009.
Not only did Benzema hit double figures for Champions League goals in a single season for the first time in his career, but his final tally of 15 also earned him the top spot in the competition scoring charts.
YouTube and Google have announced a $15 million contribution to aid wildfire relief efforts in…
In a hilarious viral video from Shanghai, a tiny AI robot named Erbai "kidnaps" 12…
Saif Ali Khan is hospitalized after being attacked at home during a burglary attempt; police…
Morocco's reported plan to cull stray dogs ahead of the FIFA 2030 World Cup has…
An engineer has created a ChatGPT-powered sentry rifle that uses voice commands to fire at…
MCA to approach Rohit Sharma over his availability for Ranji Trophy as the Indian skipper…