Soldato
If only it was that funny
Abramovich & Chelsea + a bit of Everton
- Thread starter BaZ87
- Start date
If only it was that funny
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OP
- #422
The PL have confirmed that they've approved the sale of Chelsea to the Boehly consortium, subject to Government approval - this reportedly is pretty much agreed too so it's all but done now.
It shall be interesting to see how Chelsea operate moving forwards. Although Boehly is the face of the deal, he will only be a minority owner with Clearlake Capital, a private equity company, putting up most of the money. How does a private equity company make a return from a PL club that loses large sums of money in order to keep them at the top of the table. Short term they're going to have to put funds in to keep Chelsea competitive but moving forwards they're going to need to find a way of growing revenues significantly or being a lot smarter in the transfer market. Or they're just banking on another boom in TV revenues over the next 5-10 years and think club valuations will go through the roof again.
It shall be interesting to see how Chelsea operate moving forwards. Although Boehly is the face of the deal, he will only be a minority owner with Clearlake Capital, a private equity company, putting up most of the money. How does a private equity company make a return from a PL club that loses large sums of money in order to keep them at the top of the table. Short term they're going to have to put funds in to keep Chelsea competitive but moving forwards they're going to need to find a way of growing revenues significantly or being a lot smarter in the transfer market. Or they're just banking on another boom in TV revenues over the next 5-10 years and think club valuations will go through the roof again.
Soldato
I think they'll push for the super league and possibly a personal TV deal with one of the streaming giants, they could save a lot of money by offloading all of the trash on insane wages.
Someones go to want that trash though...
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OP
- #425
Another Super League attempt will be years off now. Individual TV deals won't be happening either, certainly not anytime soon.
I was listening to Jim O'Neil, ex Utd director and Goldman Sachs banker who tried to buy Utd off the Glazers, discuss this on a podcast the other week and he was really struggling to see what all these US investors saw in Chelsea given the valuation and costs of sorting the stadium situation.
There's undoubtedly a feeling among US sports team owners that, given the global audience, the PL's TV and commercial revenue isn't what it could be and a big increase in TV revenues in 3 or 6 years time is the only way this deal makes sense. That mega tv deal is possible though. The NFL generate well over double per year what the PL does despite having only a fraction of the viewers. The key to the NFL deal is huge competition from very large tv networks with very deep pockets. At the moment we don't have that over here with Amazon only testing the water and BT pulling back a little in their battle with Sky. If Amazon step things up and or BT's new partnership with Discovery leading to them going big again then there's scope for a big rise in tv money in 3 years time.
Soldato
But the NFL is the only league, with football there is a billion different leagues so it waters it down a bit, all I see from new american owners is season ticket prices going up and massive belt tightening(the latter I would like) we have had it so good I can't help but be pessimistic.
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OP
- #427
The PL on its own has a far bigger audience, not football in its entirety.
And of course there will be belt tightening, you cannot continue to lose millions each year but Chelsea have to remain competitive or their value will drop, not increase. It will be an interesting balance for your new owners.
And of course there will be belt tightening, you cannot continue to lose millions each year but Chelsea have to remain competitive or their value will drop, not increase. It will be an interesting balance for your new owners.
Almost done:
www.chelseafc.com
Club statement | Official Site | Chelsea Football Club
The following statement has been published...
www.chelseafc.com
Soldato
A statement from Roman Abramovich https://link.chelseafc.com/1WUW/whdkcj2g
Almost there:
www.chelseafc.com
Statement from the Board of Directors of Chelsea Football Club Limited | Official Site | Chelsea Football Club
[Note: this statement has been prepared by the Board as constituted immediately prior to the sale of the Club]
www.chelseafc.com
Deal done:
www.chelseafc.com
Looking forward to what the future brings!
Consortium led by Todd Boehly and Clearlake Capital completes acquisition of Chelsea Football Club | Official Site | Chelsea Football Club
New joint control owners are committed to growth and building on the tradition of unparalleled football excellence.
www.chelseafc.com
Looking forward to what the future brings!
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Soldato
Heart breaking day.
Would have thought it would have been more of a relief that Chelsea has a chance at a future. The only one who's going to be bitter about it is abramovich because he won't see a penny of the proceeds.
Soldato
To me, Chelsea were never in trouble of not having a future.
It is both a sad and happy day. Sadness on how he had to give up the club but Roman gave us 19 great years and for that will he will never be forgotten. The club he had to give up will continue to flourish and the money he has given up will go to help thousands of people. So, sad yes but not heartbroken and happy because of what the future hold.