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Chelsea Owner Todd Boehly and His Partners Seek Outside Funding

According to Bloomberg, new Chelsea owner Todd Boehly and his partners are interested in securing outside funding as the Blues work to rebuild from a disastrous season.

Chelsea’s owners have chosen to speak with possible investors about buying a stake in the team.

Reports also revealed that the Blues have spoken to potential buyers about a move that might bring in new capital for the team, barely over a year after its present owners took over. The summer transfer window is still open, so any investment may get the Blues a cash infusion of up to £395m ($500m).

Todd Boehly, the Clearlake Capital investors led by Behdad Eghbali and Jose E. Feliciano, Mark Walter, and Hansjorg Wyss acquired ownership of Chelsea. After a miserable 12th-place finish the previous season, the Blues have spent over £600m on transfers since last summer and are not receiving any broadcast income from their involvement in European football this season.

The Stamford Bridge stadium, which has a far smaller capacity than its competitors and hence a poorer ability to produce revenue on a matchday, is another constraint for the club. The rebuilding of the club’s stadium and a significant expansion of their commercial strategy are both parts of Boehly and his partners’ long-term plan, which will increase revenues and enable sustainability.

Boehly and his partners took over from Roman Abramovich, who was punished for supposed ties to Russian President Vladimir Putin amidst the invasion of Ukraine by Russia.

Boehly said the team wants to win, and the view of the new management is that the project is long-term. He also expressed his belief in the Premier League and hoped for a great future with the club, which he believes is located in the best part of the world.

“We very much believe that we’re going to figure it out. We’ve got the best league in the world, we’ve got what I think is the top city in the world and we’ve got an unbelievable location in the top city in the world,” said Todd Boehly.

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A writer at Parallel Facts