Boehly and Clearlake Capital, a California-based private equity firm, will each have equal voting rights in Boehly’s consortium.
Clearlake, a with no prior direct ownership in major sports properties, has acquired a majority stake in Chelsea.
Goldman Sachs and Robey Warshaw advised the group, and former chancellor—and Chelsea supporter—George Osborne now works as a partner at Robey Warshaw.
As owners, we have a clear goal: to make the fans proud. Our plan of action is to invest in the club for the long term and build on Chelsea’s extraordinary history of success, in addition to our commitment to strengthening the youth group and obtaining the top talent. “
“I personally want to thank ministers and officials in the British government, as well as the Premier League, for all their efforts in making this happen,” Boehly continued. Abramovich, a Russian-Israeli billionaire, put Chelsea up for sale on March 2, a week after Vladimir Putin’s invasion of Ukraine on February 24.
Despite the fact that California investment firm Clearlake Capital has taken the majority stake, Los Angeles Dodgers co-owner Boehly becomes Chelsea’s controlling owner. According to the new owners’ announcement, Boehly will “share joint control and equal governance of the club,” while “Boehly will serve as chairman of the holding .”
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