A consortium led by Dick Clark Productions and Los Angeles Dodgers supporters Todd Bohley and Clearlake Capital Group has reached an agreement to acquire English soccer club Chelsea for £ 4.25BN ($ 5.3BN).
Boheli, DCP and MCR owner, will be chairman and CEO of Eldridge Industries, chairman of Chelsea FC, the third in the English Premier League this year. He will share joint control and equal governance with Clearlake.
The consortium also includes Hansjörg Wyss, founder of the Wyss Foundation, and Mark Walter, co-founder and CEO of Guggenheim Capital. Walter and Bohley own the Los Angeles Dodgers, the Los Angeles Lakers, and the Los Angeles Sparks.
Chelsea, winners of six English League titles and two European Champions Leagues, moved to the block earlier this year when former boss Roman Abrahamovich froze his British fortune over his connections to Russian President Vladimir Putin after the Ukraine invasion.
“We are honored to be the new guardian of Chelsea Football Club,” said Boheli. “We are all – 100% – every minute of every match. Our vision as owners is clear: we want to make fans proud. In addition to the promise of developing the youth squad and acquiring the best talent, our action plan is to make long-term investments in the club and build a remarkable history of Chelsea’s success. I would like to personally thank the ministers and officials of the British government and the Premier League for their work. “
Deutsche Bank, Goldman Sachs, Moylis & Company LLC, and Robbie Warsh LLP have served as financial advisors to the consortium. Latham & Watkins LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP and Sidley Austin LLP have worked as legal advisors.
Rain Group has served as the sole financial advisor to Fordstam Limited and Chelsea FC. Northridge Law LLP, Simmons & Simmons LP, and Pillsbury, Winthrop, Shaw, Pitman LP have served as legal advisors.
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