Todd Boehly has been announced as the new owner of Chelsea. He is the chairman and CEO of Eldridge, and Clearlake Capital Group, L.P..
Is Todd Boehly a good owner? What companies does he own?
He is the founder of Eldridge Industries, a holding company in Connecticut. He is also an owner of fantasy sports company DraftKings and esports organization Cloud9.However most relevant to most Chelsea fans is his part ownership of three major sporting franchises in America.
Todd Boehly is a minority shareholder in the Los Angeles Dodgers, the Los Angeles Sparks and the Los Angeles Lakers. The Los Angeles Lakers have gone on to become one of the most valuable teams in the NBA valued at around five billion dollars.
Todd Boehly has proven to be a very good and prudent financial manager of the clubs he has partly owned. However fears still surround the takeover as they do most takeovers which involve American business moguls.
The business model of most America sport teams vary greatly from that of their European counterparts and thus success in one cannot be necessarily equated for success in the other. It remains to be seen how Todd Boehly’s time at the London club compares with the trophy laden days of Roman.
