Todd Boyle, American sports billionaire, presents Chelsea and Lukaku

At the head of a union of wealthy Americans, the 1940s just finished, for nearly €5 billion, of the biggest deal in football history.

Listed for sale due to ties with the previous owner, the Russian oligarch Roman Abramovich, With Vladimir Putin, club Chelseawhere the Red Devils striker Romelu Lukaku plays, found a candidate last weekend.

The lucky winner of the European Champions League, Todd Buhle (46 years old) is a complete stranger in Europe. But he has reasons for his ambitions. investment fund head Eldridge Industriesamassing large fortunes to make a €5 billion takeover bid, promising The club’s biggest ever acquisition.

Plus Todd Boyle, around the table Mark Walter (Guggenheim Partners Funds), Swiss billionaire Hansjoerg Wyss (Synthes Medical Equipment), US investment firm Clearlake Capital.

5000000000

euro

Chelsea’s takeover bid is the club’s biggest ever takeover.

Billionaire freak? Yes and no. Admittedly, the operation is another American stake in a European football club, after the acquisitions of Manchester United, Liverpool, Inter Milan and Atletico Madrid, to acquire the finest players, not forgetting that, a few weeks ago, it was Standard de Liege. It was acquired by US Fund 777. But in terms of sports club management, Todd Buhli doesn’t need lessons from anyone.

baseball and basketball

With a fortune of $ 4.5 billion (ranked 637 in the world according to Forbes), he is a co-owner of the Los Angeles Dodgers (baseball) and the Los Angeles Lakers, one of the major clubs in the NBA. And we know the The ability of American sports managers to turn it into profitable entertainmentMultiply the sources of income.

Moreover, one of its major projects will consist of Old Stamford Bridge Extension, whose capacity is limited to 42,000 seats, in order to increase revenue (ticketing, promotion, marketing, etc.). In the five billion deal, there is already a commitment to invest two in the club and its infrastructure.

Todd Boehle is more familiar with show business music – which football increasingly tends to be – as his Eldridge Industries fund, among other things, Active in the Bruce Springsteen catalog rights and sports betting through DraftKings. Nearly ten years ago, he also struck a deal between Time Warner Cable and Dodgers to create SportsNet LA, a regional network that broadcasts all Dodgers games.



“I think diversity really helps us beat the cycles.”

Todd Buhle

Chelsea Football Club owner

diversification

short, Career success like Americans love it. The guy actually started from almost nothing. The grandson of German immigrants, he graduated in finance from the College of William and Mary in Virginia and studied at the prestigious London School of Economics. He cut his teeth in finance at Citibank and then at CS First Boston before joining Guggenheim Partners.

Founded, in 2015, EldridgeAnd who submits to portfolio diversification. Besides its interests in sports and entertainment, the fund is also active in insurance, real estate, e-health, technology and hospitality. “I think diversity really helps us beat the cycles”And It was announced last September for news.yahoo.com. The acquisition of this European football institution, which is Chelsea, is fully consistent with this strategy.

Resume Express

  • 46 years old, American of German descent
  • A graduate of the Department of Finance from the College of William and Mary in Virginia. He studied at the London School of Economics.
  • He started in finance at Citibank and then at CS first Boston
  • The Eldridge Industries Fund was created in 2015 (sports, media, entertainment, real estate, health, tech…)
  • Acquisition with a consortium of Chelsea FC investors for €5 billion

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