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Premier League: Chelsea’s new billionaire owner Todd Boehli: an expert in reviving historic teams

Premier League: Chelsea's new billionaire owner Todd Boehli: an expert in reviving historic teams

At 46, he is a shareholder of the Lakers and co-owner of the Dodgers, which he has shot down economic and sports over a decade. This is the highest buy in the history of the game

Todd Boehley during the match between Chelsea and Wolverhampton.Andy RenEFE

Chelsea’s auction ended as expected, the highest financial transaction ever in the acquisition of a sporting entity, at around €4,000 million. And in those investment summits, a proper name has emerged to take over from Roman Abramovich, which was forced by the British government to dispose of the unit it had headed for 19 years because of its support for the invasion of Ukraine. at the age of 46, Todd Bohle He’s the man, a billionaire with ambitions in sports. And, luckily for fans bluesAn expert in reviving historical franchises.

The grandson of German immigrants to Maryland, where he grew up (Bethesda), a fan of the Baltimore Orioles and practicing wrestling, Bohli has a long association with the city, as he studied at the prestigious London School of Economics and later Citibank. worked for. His wealth, valued by Forbes at over $4,500 million, increased manifold with investments in branches, although his big boom came in 2015, when he created Aldridge Industries, a diversified holding company – real estate investing, insurance, technology, entertainment. media and sports. – of which he is co-founder, president and CEO.

The purchase of the group headed by Boehly from Chelsea (he had already tried in 2018 and was also interested in Tottenham) came after a fierce bid, which was approved by the American investment bank Rhine between the club’s board and the United Kingdom’s government. was managed together. In which last minute attempt was made to add Jim RatcliffePetrochemical industry tycoon INEOS, with a staggering amount that came after the deadline.

But if fans of the West London team were uneasy about the future of their management after the Abramovich era, in which they won five Premiers, two Champions and two Europa League titles, among other titles, Bohli’s experience is to be trusted. A total of $3,100 million will be used to acquire the shares and the rest will be invested in the club. Backed by investment fund Clearlake Capital, the new owner is a shareholder of the Lakers (he, together with his partner, owns 27%) mark walter), owner of the WNBA’s Los Angeles Sparks, but, above all, part of the group that revived the legendary Doggers.

Purchased by Guggenheim Baseball Management in 2012 for $2,100 million after the Dodgers, dragged by their owner’s high-profile and multi-million dollar divorce, Frank McCourtHe didn’t raise his head. together with the group of investors in which he is also magic johnsonOver the decade the Los Angeles baseball team has been able to afford the luxury of being the team that spends the most in salaries in the entire MLB, some $289 million (30 million more than any other team), stars like with Freddie Freeman and Mookie Bates, Thus, he has managed to appear in three World Series in this period, winning the title in 2020. A brutal change with a business key. Boehly struck a deal between Time Warner Cable and the Dodgers to create SportsNet LA, a regional network that carried every Dodgers game, which soon paid off in economic and sports form.

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Reference from www.elmundo.es

Victoria June