Get to know Todd Boyle, a Lakers shareholder and potential owner of Chelsea

Chelsea confirmed, Friday (06), that they have made a deal with him A new group of owners after the departure of Russian Roman Abramovich Leadership of the English club. If the deal goes through, the Blues will be led by a consortium led by American Todd Boehle, with cash assistance from American investment group Clearlake Capital.

The American businessman is not a novice in the sports field. At the age of 49, Todd Boyle already clubs into other sports, such as Los Angeles Lakers, NBA (Basketball League), and MLB’s Los Angeles Dodgers (Major League Baseball).

In addition to the two sports franchises, which are private investments, Boehly owns several investments, including the $6 billion game Fortnite, all operated by Eldridge Industries, of which he owns 60%.

The entrepreneur’s personal wealth is estimated at 3.3 billion pounds, equivalent to 20 billion Omani riyals.

Boehly bought 27% of Lakers stock last year. The Los Angeles Times reported at the time that the deal valued the Lakers at $5 billion, including the 27 percent stake that Bohley had bought for $1.35 billion.

The businessman has several times expressed his desire to invest in football, specifically in the English Premier League.

Football is the biggest sport in the world. Still the best product in the world (…) It’s 90 minutes and therefore has a great schedule. The fans’ passion for activity, sport and teams is unparalleled – he told Bloomberg in 2019, after receiving a bid of more than £2 billion for Chelsea that Abramovich turned down.

Todd celebrates Chelsea’s Premier League goal (Picture: Reproduction/Twitter)

Understand the values

According to Chelsea’s report, £2.5 billion (just over R$15.6 billion) will be applied to buy up the club’s shares. The amount will then be deposited into a blocked UK bank account.

According to the club’s statement, 100% of the funds will be donated to charity, according to Abramovich, the former owner of the Blues. It should be noted that transport requires UK government approval.

In addition, the new owners have pledged to invest 1.75 billion pounds (just over 10.9 billion Rls) in Chelsea. This, according to the club, includes investments in Stamford Bridge, in the youth divisions, in the women’s team and also in the ongoing funding of the Chelsea Foundation. The sale is expected to be completed by the end of May.

After fulfillment, the end of penalties

It is noteworthy that when the sale is officially made, the penalties that Chelsea suffered due to the relationship between Abramovich and Putin will decrease. Among the penalties suffered by the Blues is the ban on buying, selling and renewing player contracts.