View Poll Results: Who will be next permanent Chelsea manager?

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  • Jose Mourinho

    4 23.53%
  • Rafael Benitez

    0 0%
  • Pep Guardiola

    0 0%
  • Fabio Capello

    1 5.88%
  • Joachim Law

    0 0%
  • Roberto Di Matteo

    8 47.06%
  • Any other [Please specify in thread]

    4 23.53%
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Thread: 💙💙💙 CheLseA FC 💙💙💙 Blue Lions 💙💙💙

  1. #1561

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    Enthavumo entho
    Hifi Transfer onnum ini pratheeksha illa

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  2. #1562
    F.K. VazhipokkaN BangaloreaN's Avatar
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    Britain approves Chelsea FC sale, says sports minister




    LONDON: The British government issued a licence last night that permits the sale of football club Chelsea, sports minister Nadine Dorries said on Wednesday.
    Current owner Roman Abramovich is subject to sanctions by the British government. He put the London club up for sale in early March following Russia's invasion of Ukraine, which Moscow calls a "special military operation".

    "We are satisfied the proceeds of the sale will not benefit Roman Abramovich or other sanctioned individuals," Dorries said on Twitter.

    "Given the sanctions we placed on those linked to Putin and the bloody invasion of Ukraine, the long-term future of the club can only be secured under a new owner."
    On Tuesday the Boehly-Clearlake consortium, which agreed terms to acquire Chelsea for 4.25 billion pounds ($5.33 billion) earlier this month, passed the Premier League Owners' and Directors' Test.

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  4. #1563

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    Boehly Era

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  5. #1564
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    What Chelsea fans need to know about Clearlake Capital




    Todd Boehly has been very visible over the last week or so, holding court with Chelsea chairman Bruce Buck in a Stamford Bridge executive suite for the visit of Wolverhampton Wanderers, meeting players and staff across all departments at Cobham, and taking in Saturday’s agonising FA Cup final defeat by Liverpool at Wembley. In short, he has been acting like the new owner of Chelsea.
    The sale process is not yet formally completed, and a steady trickle of briefings make it clear that the bristling hostility and lack of trust between Roman Abramovich and the UK government could yet provide some bumps in the final stretch of road. But once it is signed off, all the early signs are that Boehly will be the most recognisable senior face of the new ownership structure.

    Yet Chelsea supporters would probably also be wise to get themselves acquainted with the names
    Behdad Eghbali and Jose E Feliciano, the co-founders of Santa Monica-based private equity group Clearlake Capital. It is the firm, not Boehly, which will be the club’s new majority shareholder, despite having absolutely no track record of investing in sport either in the US or the UK.

    The precise breakdown of prospective shareholdings is not known and may never be publicly disclosed, but it is understood that Clearlake will own in the region of 60 per cent of Chelsea. Everyone involved in the Boehly bid has been keen to stress throughout the sale process that he will be the controlling owner — similar to John W Henry’s leadership of Fenway Sports Group, which runs Liverpool — but Clearlake’s vast investment makes it inconceivable that it will not have significant input into all key boardroom decisions at Stamford Bridge.
    “I don’t think there’s a world where Clearlake is saying, ‘OK, Todd, you’re in charge, we’ll see you at the next board meeting’,” one US investor in European football tells The Athletic. “I’m sure they’re happy for him to be the face of this and to delegate a lot of decisions to him, but there’s no way they haven’t got a say on the big stuff.”

    Buck and Boehly at Stamford Bridge



    As late rival bidder Sir Jim Ratcliffe pointed out during his impromptu media tour earlier this month, the level of private equity funding that Clearlake is providing to Boehly’s consortium would not be allowed in any of the major US sports. The NFL does not permit private equity investment at all, and the NBA, MLB and NHL each have strict limits that fall well short of allowing a firm rather than an individual to hold a majority stake in a team.
    European football is a far less regulated environment, and the Premier League in particular is notoriously unfussy about who owns its constituent clubs. In December 2020, for instance, a £170-million takeover of Burnley by US investment firm ALK Capital was waved through without issue despite The Athletic later revealing that the acquisition was highly leveraged and had drained the club’s cash reserves. Burnley’s latest accounts confirmed a loan of £65 million was taken out to help buy the club.
    Funding takeovers with debt has been a key component of Clearlake’s remarkable success over the past 16 years targeting companies in the consumer goods, industrial and tech sectors, but debt is not financing its investment in Chelsea. It is also an unusual private equity venture in other ways.

    “By its nature, US private equity is fixed-term investing, with most private equity firms needing to get liquidity (i.e. get their money back or sell up) within seven years,” another US investor in European football tells The Athletic. In contrast, those in Boehly’s consortium have committed not to sell a controlling stake in Chelsea for at least 10 years, though it is not clear whether the investors in his group — including Clearlake — could still trade shares among themselves.
    Then there is the fact that private equity groups generally seek annual returns of 20 to 30 per cent on their investments, a priority that jars with a football club that has frequently reached deep into the pockets of a billionaire to remain competitive at the very top of the European game over the past 19 years and to cover significant losses. So what exactly is Clearlake getting out of this?
    Representatives for Clearlake declined to respond to a list of detailed questions submitted by The Athletic relating to its investment in Chelsea. But according to Marc Ganis, president of leading sports business consulting firm Sportscorp Ltd, a big attraction is the opportunity to unlock what it sees as the club’s vast untapped financial potential.
    “Everybody I know who has looked at Chelsea over the years — and there have been several parties I know who have — have told me that there is a clear path to profitability while having an ultra-competitive team on the pitch and making the fans very happy,” he says.

    “Chelsea has not been operated as a business for quite a while. It’s been operated more as a hobby, and as a result of that, it’s had significant losses. I’d expect this to be operated very similarly to the LA Dodgers (the baseball team part-owned by Boehly and fellow investor Mark Walter): wonderful for the fans and good for business. There is a tremendous amount of revenue that has been left on the table, and over-spending in some areas and under-spending in others.”
    Clearlake is betting big on this belief in conjunction with Boehly and his fellow investors. Chelsea’s purchase price of £2.5 billion, coupled with a commitment to invest a further £1.75 billion in the team and infrastructure, make this the most expensive deal to acquire a sports team in history. The consortium is also buying at the top of the market in the hope that the club’s value will continue to rise.
    The idea that Chelsea represents a long-term asset appreciation play was expounded — perhaps unsurprisingly so — by Joe Ravitch, co-founder of Raine Group, the bank handling the sale, who claimed in an interview with the Financial Times last month that the winner of the sale process would be getting the club “for a steal” and predicted that all top Premier League clubs would be worth “more than $10 billion (£8 billion) in five years”. Not everyone in football finance circles shares this optimism.
    “The business of football continues to evolve and go over my head,” former Goldman Sachs chief economist and investor Jim O’Neill told The Athletic’s Business of Football podcast last week. “If someone told me three months ago that Chelsea would be bought for £2.5 billion with an additional commitment of £1.75 billion for it to go, I would have said you’re smoking something you shouldn’t be smoking.”

    Another US investor in European football added: “Unless you radically change the business model by cutting costs and turning them into more of a selling club, there’s no way Chelsea can be a normal private equity investment. It’s a vanity investment.”
    There will certainly be a drive towards much greater financial efficiency under the new regime, but Boehly has so far given every indication that he is not prepared to compromise or undermine the culture of winning major trophies established at Chelsea during the Abramovich era. He is the man with the sports owner pedigree, having presided over a hugely successful decade for the Dodgers.
    He is also the man with the respect and trust of Eghbali and Feliciano, who grew close to him during Clearlake’s unsuccessful attempt to buy out Boehly-owned debt manager CBAM earlier this year. “It’s the LA connection,” Ganis says. “They‘ve spent a lot of time together and know each other well. When you have people you like and trust in business, you tend to go back to them.”
    Then there are the credible reports that Boehly, Eghbali and Feliciano are also in the running to buy NFL franchise Denver Broncos in a deal that may end up eclipsing the sale of Chelsea, suggesting the Clearlake founders’ interest in sports ownership is more than simply a passing preoccupation. “Chelsea supporters should be very pleased — it’s a very thoughtful and well-considered (ownership) group,” Ganis says.

    More broadly, US private equity involvement in European football has become harder to ignore in recent years, particularly because firms take advantage of many clubs’ need for cash in the wake of the pandemic. Elliott Management Corporation assumed full control of AC Milan in 2018 when Chinese owner Li Yonghong defaulted on a loan, while city rivals Inter Milan received €275 million (£232 million) in financing from Oaktree Capital Management in exchange for an ownership stake last year.
    Atletico Madrid, Sevilla, Lille and Atalanta are among the other high-profile European clubs now under part or full private equity ownership. Silver Lake invested $500 million (£400 million) to acquire a 10 per cent stake in City Football Group in 2019, and Liverpool owner FSG count Arctos Sports Partners and RedBird Capital Partners among its investors.
    For better or worse, Chelsea’s fortunes will be more closely tied to Clearlake, even if Boehly is the chosen figurehead and frontman of the post-Abramovich era.






  6. #1565

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    Pochettino Era

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  7. #1566
    F.K. VazhipokkaN BangaloreaN's Avatar
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    Koulibaly, Kovacic, Mendy, Loftus-Cheek, Bakayoko, Kante, Mount, Azpilicueta - SOLD 🙈🙉🙊

    Lukaku, Sterling, Havertz -
    willing to SELL. 🥶🥶🥶

    enkil pinne club angu pirichu vittode !!!! 😫😫😫
    Chelsea owner Nirmala Seetharama fan anennu thonnunnu. 👱*♀️💼

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  9. #1567

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    Quote Originally Posted by BangaloreaN View Post
    Koulibaly, Kovacic, Mendy, Loftus-Cheek, Bakayoko, Kante, Mount, Azpilicueta - SOLD 🙈🙉🙊

    Lukaku, Sterling, Havertz -
    willing to SELL. 🥶🥶🥶

    enkil pinne club angu pirichu vittode !!!! 😫😫😫
    Chelsea owner Nirmala Seetharama fan anennu thonnunnu. 👱*♀️💼
    Havertz sold aayi

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  10. #1568
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    Quote Originally Posted by K S Hrithwik View Post
    Havertz sold aayi

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    Pulisic, Ziyech also for sale as per reports. 🛸🚀

  11. #1569
    FK Citizen frincekjoseph's Avatar
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    Nammude Roman Chettan poyathode nammukku Chelseayodulla kambam theernnu. Appzoe ariyam athinte gathi enthavum ennu.

    Tucheline oru avasyum illandu prichu vittappol ellam poorthi aayi

  12. #1570
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    Quote Originally Posted by BangaloreaN View Post
    Pulisic, Ziyech also for sale as per reports. 🛸🚀
    Pulisic moved to AC Milan

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