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New joint management homeowners are dedicated to progress and constructing on the custom of unparalleled soccer excellence
Beneath the phrases of the settlement, Boehly and Clearlake will share joint management and equal governance of the Membership. Boehly will function Chairman of the holding firm.
Boehly and Clearlake are dedicated to investing in key areas that may prolong and improve Chelsea’s competitiveness, together with the redevelopment of Stamford Bridge, additional funding within the Academy, the Ladies’s Staff, and Kingsmeadow stadium. The homeowners may also proceed the vital work of the Chelsea Basis.
“We’re honoured to grow to be the brand new custodians of Chelsea Soccer Membership,” mentioned Boehly. “We’re all in – 100% — each minute of each match. Our imaginative and prescient as homeowners is evident: we need to make the followers proud. Together with our dedication to creating the youth squad and buying the most effective expertise, our plan of motion is to put money into the Membership for the long-term and construct on Chelsea’s exceptional historical past of success. I personally need to thank ministers and officers within the British authorities, and the Premier League, for all their work in making this occur.”
Behdad Eghbali and José E. Feliciano, Clearlake co-founders and managing companions, mentioned, “We’re excited to commit the assets to proceed Chelsea’s main position in English and international soccer, and as an engine for soccer expertise growth. We additionally need to thank the authorities for all their work all through the method. As pioneers in sports activities and media investing, we’re thrilled to companion with Todd and the remainder of the consortium to meaningfully develop the Membership as a world platform. Collectively, we are going to develop the Membership’s funding throughout infrastructure, know-how, and sports activities science to assist the unbelievable Chelsea soccer and industrial groups – all with the purpose of leveraging this progress to gasoline much more on-pitch success.”
The brand new possession group needs to recognise the dedication and professionalism of the Division for Digital, Tradition, Media and Sport, HM Treasury, and the Premier League in conducting their critiques of this historic and sophisticated transaction.
Deutsche Financial institution, Goldman Sachs, Moelis & Firm LLC, and Robey Warshaw LLP served as monetary advisors to the brand new possession group. Latham & Watkins LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP, and Sidley Austin LLP served as authorized counsel.
The Raine Group served as unique monetary advisor to Fordstam Restricted and Chelsea FC. Northridge Regulation LLP, Simmons & Simmons LP, and Pillsbury, Winthrop, Shaw, Pittman LP served as authorized counsel.
Contacts
For Eldridge
Nadia Damouni
+1 646 818 9217
Aidan O’Connor
+1 646 818 9283
For Clearlake
Max Cherry
+1 201 803 3768
Winnie Lerner
+1 917 375 5652
Supply: Eldridge
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