How Todd Boehly, the millionaire who stayed with Chelsea, made his fortune

Chelsea already has a new owner. It’s Todd Boehly. owner of the Lakers and Dodgersaccording to a statement that the club published on its social networks this morning.

“Chelsea Football Club can confirm that terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter y Hansjoerg Wyssacquire the Club,” the statement said.

The sale will be made by more than three billion dollars which will be used to buy the Club’s shares. Said proceeds will be deposited in a frozen bank account in the United Kingdom with the intention of donating 100% to charitable causes, as confirmed by Roman Abramovich.

“Furthermore, the proposed new owners will commit more than two billion dollars in additional investments for the benefit of the club“, assures the statement. And it ends: “This includes investments in Stamford Bridge, the Academy, the Women’s Team and Kingsmeadow. Also continued funding from the Chelsea Foundation.”

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Todd Boehly is 48 years old and, according to Forbes, his fortune is US$ 4.5 billion. Born in the United States, he studied Business Administration and his early years as a professional were spent at Credit Suisse First Boston and JH Whitney & Company.

Later, in 2001 it passed to Guggenheim Partners. There, he created the company’s credit investment business and assumed responsibility for asset management. Over the years he earned various promotions until he finally became president of the institution.

Back in 2003, he was the one who spearheaded an agreement between Time Warner Cable y los Dodgers , American baseball team, to create SportsNet LA. It is a regional network that broadcasts Dodgers games and everything related to the team. In this way, he took his first steps in sports business.

In 2015, Boehly founded his own private holding company to invest in industries. Under the name Eldridge, and with assets she amassed at Guggenheim as The Hollywood Reporter, Dick Clark Productions y Security Benefitestablished its offices in New York, London and Beverly Hills.

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Life insurance, real estate and gastronomy are some of the industries in which he invested. However, most of his fortune comes from technology and sports. In this last item, Boehly owns 20% of the Los Angeles Dodgers.a small portion of the Los Angeles Lakers and is also part owner of the Los Angeles Sparks.

In 2019, Todd Boehly tried to buy the English soccer club Chelsea for $3 billion. , but the owner at the time, Russian billionaire tycoon Roman Abramovich, rejected the takeover offer. Nearly three years later, he was finally able to buy the team.

By last, Boehly owns the fantasy sports company DraftKings. and esports organization Cloud9

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