Chelsea chief wants £650m external deal as Todd Boehly takeover brokers could be key
One of Chelsea’s highest ranking figures appears to have thrown his hat in the ring for the latest major investment opportunity in English sport.
There is plenty of representation at Stamford Bridge of investors or executives who have a hand in multiple franchises.
Todd Boehly, for example, is president and co-investor at Major League Baseball outfit the Los Angelese Dodgers, while Behdad Eghbali‘s Clearlake Capital have multiple investment projects throughout sport.
Chelsea’s holding company BlueCo have themselves bought into another football club in Ligue 1 side Strasbourg and have plans to further expand their multi-club empire.
The world of sports investment is getting increasingly smaller and that is in large part due to private equity firms like Clearlake dominating the landscape.
And one Chelsea executive could be about to make a move that will put him against some of the other biggest names in the industry.
Jonathan Goldstein rivals Glazers for takeover
Jonathan Goldstein is a long-time ally of Todd Boehly and was part of the faction that bought into Chelsea in May two years ago.
He has since been installed on the board of directors and has been vocal about the plans to expand or rebuild Stamford Bridge, with Boehly favouring the latter.
Now, The Telegraph are reporting that Goldstein is rivalling the likes of Man United owners the Glazer family and India’s richest man for a stake in new project.
Several franchises in cricket’s the Hundred tournament are up for grabs at a collective price of £650m, with individual teams going for as much as £150m.
Goldstein is said to have registered his firm interest in the investment opportunity, which will be separate from his holdings in Chelsea.
Raine Group factor could be key
The sale of the Hundred franchises is being conducted by deal brokers Raine Group.
If that name sounds familiar, it is probably because they acted the go-between agency when Boehly and Clearlake were looking to take control of Chelsea from Roman Abramovich.
Goldstein and the Raine Group are understood to enjoy a strong relationship, which could prove significant in the auction process.
Then again, the Glazer family are also believed to be in Raine Group’s good books after they helped broker the sale of over a quarter of the club to Sir Jim Ratcliffe earlier this year.
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