Who Is Todd Boehly? The New Owner Of Chelsea

Who Is Todd Boehly? The New Owner Of Chelsea

The 46-year-old is, according to Forbes, worth around £3.6 billion ($4.5bn). He is the 637th billionaire in the world according to the Forbes Billionaire Ranking.

Chelsea FC confirmed in the early hours of Saturday, 7th May 2022, that a £4.25 billion deal has been agreed for the sale of the club to Todd Boehly, which will see him succeed Roman Abramovich as the Blues’ owner.

Abramovich has been the club’s owner for the past 19 years, the Blues won 21 trophies under his ownership.

The Russian was forced to sell the club due to sanctions placed upon him by the UK government as a result of his close ties with Russian President, Vladimir Putin, following the Russian invasion of Ukraine.

Boehly made the purchase alongside Clearlake Capital, Mark Walters, Jonathan Goldstein and Hansjoerg Wyss.

£2.5 billion of the money will be applied to purchase the club’s shares. Proceeds will be deposited into a frozen UK bank account with the intention to donate it 100 percent to charitable causes. A further £1.75 billion will be committed to the benefit of the club.

FootballOrbit brings you what you need to know about the new owner of Chelsea:

Todd Boehly is a 46-year-old American businessman, investor, and philanthropist.

He is the co-founder, chairman, chief executive officer and controlling member of Eldridge Industries — a holding company headquartered in Greenwich, Connecticut.

As of October 2021, he is the interim CEO of the Hollywood Foreign Press Association.

Boehly attended Landon School in Bethesda, Maryland and graduated in 1991. He was a member of the school’s wrestling team and won some awards there.

He proceeded to the College of William & Mary and graduated in 1996 with a B.B.A in Finance.

He also studied at the London School of Economics. While at the London School of Economics, Boehly began working at Citibank.

Later, he worked at investment banking ventures, CS First Boston and J.H. Whitney & Company, so as to gain more financial experience.

He joined Guggenheim Partners in 2001 where he launched the firm’s credit investing business, assumed responsibilities for its asset management business, and most recently served as president.

In early 2013, Boehly led a deal between cable television company, Time Warner Cable, and baseball team, Los Angeles Dodgers, to create SportsNet La — a regional network to broadcast all L.A Dodgers’ games and related programmes.

In 2015, Todd Boehly founded Eldridge — a private holding company which invests in various industries and has offices in New York, London and Beverly Hills.

He is on the boards of several companies like Cain International, Kennedy Wilson, PayActiv, Truebill, CAIS, Horizon Acquisition Corporation I, and Horizon Acquisition Corporation II.

He has stakes in various sectors like real estate, technology, food industry, sports, media and entertainment as well as insurance.

He was listed on LA Business Journal’s list of the 500 most influential people from 2017 to 2021.

He is involved in numerous philanthropic activities.

The 46-year-old is, according to Forbes, worth around £3.6 billion ($4.5bn). He is the 637th billionaire in the world according to the Forbes Billionaire Ranking.

Boehly previously made an offer to buy Chelsea way back in 2019, but the offer — which was about £2.2bn ($3bn) — got rejected.

He has now replaced Russian oligarch, Roman Abramovich, as the new owner of Chelsea following the completion of his £4.25billion takeover.

His consortium which won the bid to acquire the European champions also comprises of; L.A Dodgers co-owner Mark Walters, British businessman Jonathan Goldstein, Swiss billionaire Hansjorg Wyss and US investment firm, Clearlake Capital (a private equity firm that is financing at least 66% of the acquisition).

Other sports teams that Todd Boehly owns:

Boehly is the co-owner of seven-time MLB World Series winners the Los Angeles Dodgers – who last captured the grandest prize in baseball back in 2020.

He also owns stakes in 17-time NBA champions the Los Angeles Lakers and the Los Angeles Sparks women’s basketball team.