Who is Chelsea’s new owner, Todd Boehly? All you need to know about his new worth, sports teams, and other investments

Who is Chelsea’s new owner, Todd Boehly? All you need to know about his new worth, sports teams, and other investments

An investor group led by LA Dodgers part-owner Todd Boehly has taken over Chelsea FC from Roman Abramovich, the Russian oligarch who served as owner of the Premier League club since 2003.

According to the numbers shared by the club in a statement published May 6, Boehly’s group is purchasing the club in a deal worth $5.25 billion (£4.25 million), making it the most expensive team transaction in sports. A total of $3.1 billion will go toward taking over the shares of the club from Abramovich and the rest will be invested in the club.

The deal is expected to be formally approved by the UK government and the Premier League by the end of May. The Boehly group is backed by U.S. investment firm Clearlake Capital and also includes Swiss billionaire Hansjorg Wyss, Dodgers co-owner Mark Walter, and British real estate investor Jonathan Goldstein.

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Who is Todd Boehly?

Todd Boehly is an American businessman, investor, and philanthropist. He is the co-founder, chairman, CEO, and controlling member of Eldridge Industries, a holding company based in Greenwich, Connecticut. Furthermore, he is the interim CEO of the Hollywood Foreign Press Association.

From Bethesda, Maryland, the grandson of German immigrants, he graduated in 1991 from the Landon School in Bethesda, Maryland. He also graduated with a BBA in Finance from graduated from the College of William & Mary in 1996. Later, Boehly came to study at the London School of Economics. Moving on to the start of his professional career, Boehly worked at Citibank and CS First in Boston before moving on to Guggenheim Partners in 2001.

Todd played a role in a deal between Time Warner Cable and the Los Angeles Dodgers to create SportsNet LA – which broadcasts events pertaining to the baseball franchise.

In 2015 he co-founded Eldridge Industries with assets including media assets Billboard, Variety, The Hollywood Reporter, Dick Clark Productions, and Security Benefit, which manages retirement funds. He also went on to invest in real estate, own a technology company, and gets involved in the food industry.

Todd Boehly’s Net Worth and business maneuvers

Todd Boehly, a 46-year-old American businessman, is worth around $4.5 billion, according to Forbes. He is a successful businessman, who has previously revealed some of his strategies and keys to his success.

“When I’m negotiating, the objective isn’t to get the best deal for myself but for all parties. Most people try to wring every penny for themselves. That strategy earns them more money on one specific deal, but it doesn’t build trust or long-lasting relationships,” Boehly stated to the Daily Mail in an earlier interview.

Boehly is also known for his philanthropy, having invested in a number of charities.

Todd Boehly’s ownership in other sports team

Boehly is heavily involved in U.S. professional sports, most notably as part-owner of Major League Baseball team LA Dodgers as a member of the ownership consortium Guggenheim Baseball Management.

Boehly led the purchase of Major League Baseball franchise LA Dodgers in 2012, completing a $2.1 billion takeover. His personal stake in that club is reportedly at 20 percent.

He also has a minority stake in the legendary NBA basketball team LA Lakers and the Sparks, with his ownership group alongside Mark Walters buying a 27 percent stake in the club.

Performance of LA Dodgers under Todd Boehly’s ownership

As a part-owner of the LA Dodgers, Boehly has overseen one of the highest-spending baseball teams of the last decade. The Dodgers have the highest payroll in baseball for the 2022 MLB season, valued at over $289 million, which is $30 million more than any other team.

The Dodgers have four players on payroll all making over $20 million per year, led by Freddie Freeman and Mookie Betts, who together combine to earn $49.5 million in 2022.

That heavy spending has helped push the club to three World Series appearances during his ownership, winning the title in 2020.

Expectations of Chelsea under Todd Boehly’s leadership

The fans of the club will hope that the new ownership helps the club win trophies, bring in world-class talent and shows a passion similar to their previous owner.

Roman Abramovich’s reign since 2003 saw the club elevate itself to the top, winning every trophy it possibly could. He was essential in breaking the hegemony of Manchester United and Arsenal at the start of the century. 

Todd Boehly-led consortium has big shoes to fill. The squad itself needs a lot of reinforcement as well. Overcoming teams like Manchester City and Liverpool is a major challenge too.

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