HomeBlogPortrait of Todd Boehly, the new owner of Chelsea
Portrait of Todd Boehly, the new owner of Chelsea
November 7, 2021
Todd Boehly, the new owner of Chelsea, was approached to buy the club in 2019 but was turned down by billionaire Roman Abramovich. He has a strong interest in sports. Learn more now to discover interesting facts about this American billionaire.
The new owner of Chelsea Club is a man who has a strong love for sports. In fact, he has achieved remarkable sporting achievements, so much so that the university honored him by naming the gymnasium after him. Let’s Chelsea Wiki look more inside the portrait of Chelsea F.C’s new owner.
The long-awaited change of ownership at Chelsea FC has been completed. The American and Swiss Investors Union will officially become the team’s new owner, according to the London team’s homepage.
Todd Boehly, an American billionaire, leads this coalition. As a result, Chelsea’s nearly 20-year reign under Russian billionaire Roman Abramovich has come to an end. Under American owner Todd Boehly, the London team has a bright future.
Who is Chelsea’s new owner?
Todd Boehly, a German-American businessman, is 49 years old. Boehly enjoys sports and was a high school wrestling champion before becoming an investor. Boehly collects data and invests strategically for the company he founded, Eldridge, a £40 billion asset management firm, from his office in Greenwich, Connecticut (USA).
According to Talksport, the billionaire was a wrestling star while attending Landon School in Maryland.
In 1990 and 1991, he won interstate titles. The school named the gymnasium the Boehly Family Wrestling Room in his honor.
Todd Boehly is married to Katie Boehly and they have three children. He is best known as the co-founder, CEO, Chairman, and controlling shareholder of the private investment firm Eldridge Industries.
He also worked at Citibank and had some success in the financial world. Todd joined Guggenheim Partners in 2001 after working at Citibank and CS First Boston.
He then founded and became chairman of the company’s credit investment business. In 2013, he signed a major deal with Time Warner Cable and the Los Angeles Dodgers to launch SportsNet LA, a network designed to broadcast any event involving the baseball franchises.
It was a significant step forward for the American entrepreneur. However, 2015 marks a significant turning point in the life of Chelsea’s new chairman.
Mr. Boehly decided to combine some of the assets he had acquired in Guggenheim, including The Hollywood Reporter, Dick Clark Production, and Security Benefit, to form Eldridge Industries, the current holding company. His net worth has steadily increased since the establishment of this business.
According to Forbes, the American billionaire currently has a net worth of 4.5 billion USD and is ranked 637 in the world. This is significantly less than his predecessor, Roman Abramovich’s net worth.
The Russian billionaire currently has a net worth of $ 8.8 billion, ranking 350th in the world. This figure has dropped significantly as a result of Western sanctions imposed as a result of the Russian-Ukrainian conflict.
He is also the Interim CEO of the Hollywood Foreign Press Association, a non-profit organization of journalists and photographers specializing in entertainment coverage.
The passion for sports of the new Chelsea owner.
Boehly has a natural talent for sports. In the United States, he has participated in a variety of professional sports. He is a part owner of the Los Angeles Dodgers as a member of the association that owns Guggenheim Baseball Management, in addition to owning the Los Angeles Dodgers baseball broadcast network. According to Sporting News, his holding rate at this club has dropped to around 20%.
He also owns a minority share in both the men’s and women’s NBA basketball teams, the Los Angeles Lakers and the Los Angeles Sparks. A 27 percent share in the club was purchased by his ownership group and American investor Mark Walters.
In fact, before leading the current alliance to purchase Chelsea, Todd Boehly attempted to repurchase the Stamford Bridge team in 2019. He made a 3 billion USD offer at the time, but it was rejected by the club’s owner at the time, Roman Abramovich.
“Football’s the biggest sport in the world, the passion the fans have for the sport and the teams is unparalleled. So what you’re trying to accomplish with these teams is to a) win and b) be a part of the community”.
“The opportunity we had with the Dodgers was really about part-ownership with Los Angeles, how we were going to win, drive championships, and build passion. If you look at what the Premier League offers, it’s all of those things.”, Todd Boehly stated in 2019.
Coming activities and challenges
A consortium of US and Swiss investors (led by Todd Boehly) paid £4.25 billion for The Blues. £2.5 billion of that was used to purchase Chelsea stock. The funds will be transferred to a bank account managed by the UK government and used for charitable purposes.
Furthermore, the new owners have committed the remaining £1.75 billion to upgrading Chelsea. This budget package includes investments in Stamford Bridge, Chelsea Academy, Women’s Football Team, Kingsmeadow Stadium, and Chelsea Foundation sponsorship. After all necessary procedures have been approved, the transfer is expected to be completed by the end of May.
The Telegraph (UK) has identified five tasks for billionaire Todd Boehly to complete as soon as he takes over Chelsea. The following are included: taking on the future of coach Tuchel, clarifying Granovskaia’s position, resolving player contract issues, finding new sponsors, and resolving the Lukaku conundrum.
Boehly fits the Abramovich mold quite well in terms of criteria. Declan Rice or Harry Kane could join Chelsea if Boehly becomes the new owner. Boehly also fits so well into the Chelsea culture, which was so deeply ingrained in Abramovich’s early days, that you have to win.
Above is all about Todd Boehly – the new owner of Chelsea, the American billionaire has strong passion for sport. Chelsea has strong preparation for the new season with targeting new talent players for the team. Follow chelseawiki.org to keep up with their performances and watch live matches of the remaining matches of Premier League.