Sunday, May 22, 2022

Who is Todd Boehly? Here’s the brief introductions of new Chelsea FC owners

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The top English Premier League club Chelsea FC has recently announced the new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjörg Wyss. Here we are introducing the new owners of the two-time UEFA Champions League winners.

The six-time first division trophy winners Chelsea are now experiencing the exit of Russian oligarch Roman Abramovich. Since he took the control of the London-based club, world football experienced the huge growth of the club as they won five Premier League trophies and two UCL trophies along with some other achievements during his ownership period.

Last Saturday (7th May), Chelsea FC released a statement on their official website to announce the new owners of the club. Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss are in the group of the new ownership of the club.

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The club website claimed, “£2.5bn will be applied to purchase the shares in the Club and such proceeds will be deposited into a frozen UK bank account with the intention to donate 100% to charitable causes as confirmed by Roman Abramovich.”

While the government approval is still pending to complete the transaction, the new owners have also proposed to invest £1.75bn more for the benefit of the club.

That club statement also mentioned that the sale procedure could complete in late May.

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Contents

Todd Boehly

Todd Boehly
Todd Boehly (Image Credit: Twitter)

Todd Boehly is an American businessman, investor, and philanthropist. He is the co-founder of a holding company Eldridge Industries, where he is the present Chairman and Chief Executive Officer.

Boehly is also the interim CEO of the Hollywood Foreign Press Association, a nonprofit organization of journalists and photographers who report on the entertainment industry activity and interests in the United States for media.

(Connections in sports)

Baseball: Part owner of Los Angeles-based Major League Baseball (MLB) team Los Angeles Dodgers.

Basketball: Part owner of Los Angeles-based National Basketball Association (NBA) team Los Angeles Lakers and Women’s National Basketball Association (WNBA) team Los Angeles Sparks.

Esports: Owner of an American Esports company Cloud9.

Fantasy Sports: Owner of American fantasy sports company DraftKings.

Clearlake Capital Group

Clearlake Capital Group is an investment firm operating integrated businesses across private equity, credit and other related strategies. The company was founded in 2006.

According to the official website, “Clearlake currently has over $72 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. The firm is headquartered in Santa Monica, California with affiliates in Dallas, TX, London, UK and Dublin, Ireland.”

Mark Walter

Mark Walter is an American businessman. The founder of Guggenheim Partners is currently holding the post of Chief Executive Officer. In December 2012, Walter was ranked 8th in the list of the “50 Most Influential People in Sports Business” by the SportsBusiness Journal.

(Connections in sports)

Baseball: Part owner of Los Angeles-based Major League Baseball (MLB) team Los Angeles Dodgers.

Basketball: Part owner of Los Angeles-based National Basketball Association (NBA) team Los Angeles Lakers and Women’s National Basketball Association (WNBA) team Los Angeles Sparks.

Hansjörg Wyss

Hansjörg Wyss is a Swiss billionaire businessman and donor to politically liberal and environmental causes in the United States. He was the founder of Synthes USA, the American division of the Switzerland-based Synthes. The medical device manufacturer was later sold to Johnson & Johnson in 2012.

Wyss is also the founder of the Washington, D.C.-based charitable organization Wyss Foundation.

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