The consortium, led by Dick Clark Productions and Los Angeles Dodgers supporter Todd Bohl and the Clearlake Capital Group, has entered into a deal to buy England’s Chelsea football club for 25 4.25 billion ($ 5.3 billion).
Boel, owner of DCP and MCR and president and CEO of Eldridge Industries, will become president of Chelsea FC, which finished third in the English Premier League this year. He will share joint control and parity of government with the clergy.
The consortium also includes Wyss Foundation co-founder Hansjörg Wyss and Guggenheim Capital co-founder and CEO Mark Walter. Walter and Boel own the Los Angeles Dodgers and have stakes in the Los Angeles Lakers and Los Angeles Sparks.
Six-time English league champions and two-time European Champions League winners Chelsea joined the bloc earlier this year after former owner Roman Abrahamovich froze British assets on his ties to the Russian president. Vladimir Putin for his invasion of Ukraine.
“It is a great honor for us to become the new guardians of Chelsea Football Club,” said Boell. “We are all, 100%, every minute of every match. Our vision as owners is clear: we want to make the fans proud. I would like to personally thank the UK government, ministers and Premier League officials for their work on this final.
Deutsche Bank, Goldman Sachs, Moelis & Company LLC and Robey Warshaw LLP acted as financial advisors to the consortium. Latham & Watkins LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP and Sidley Austin LLP acted as legal advisers.
The Raine Group was the exclusive financial advisor to Fordstam Limited and Chelsea FC. Northridge Law LLP, Simmons & Simmons LP and Pillsbury, Winthrop, Shaw, Pittman LP acted as legal advisers.
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Source: Deadline
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