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Roman Abramovich is preparing to sell Premier League giants Chelsea, and a big-money takeover at Stamford Bridge is underway.
Several potential owners emerged once Abramovich announced his decision, but Todd Boehly is the leading candidate to inherit the reins at the club.
This marks a new era for Chelsea as the Russian billionaire, who has been in charge since 2003, is set to walk away due to his assets being frozen by the UK government.
Despite a protracted takeover process, Boehly has emerged as the top contender, and Goal looks closely at who he is. However, Todd Boehly’s net worth in 2023 is 5.3 billion.
Who Is Todd Boehly?
Boehly, an American businessman, philanthropist, and investor, received his education in Bethesda, Maryland, before pursuing his examinations at the London School of Economics in England.
After completing his education, he gained work experience at Citibank and CS First in Boston before joining Guggenheim Partners in 2001.
At Guggenheim, he established and led the firm’s credit investing business, ultimately becoming the company’s president.
In 2013, he spearheaded the creation of SportsNet LA, a network focused on broadcasting baseball-related content for the Los Angeles Dodgers in partnership with Time Warner Cable.
In 2015, Boehly leveraged his experience and accumulated assets at Guggenheim to found Eldridge Industries, a holding company with stakes in approximately 80 finance, media, sports, real estate, and technology businesses. This included The Hollywood Reporter, Dick Clark Productions, and Security Benefit.
Todd Boehly Net Worth 2023
Boehly’s net worth is estimated to be approximately £5.3 billion. He previously attempted to acquire Chelsea Football Club in 2019, with an offer of approximately £2.2 billion ($2.8 billion) being rejected.
As one of the wealthiest owners in the Premier League, the 46-year-old’s net worth of £3.6 billion places him in a similar bracket to Liverpool owner John W. Henry (£2.14bn), but behind Arsenal owner Stan Kroenke (£6.35bn).
What Other Athletic Organizations Does Todd Boehly Own?
Boehly, one of the co-owners of the Los Angeles Dodgers, who have won the MLB World Series seven times, has also invested in the Los Angeles Lakers, who have won the NBA championship 17 times, and the women’s basketball team, the Los Angeles Sparks.
Recently, Boehly has joined forces with Mark Walters, another co-owner of the Dodgers, Jonathan Goldstein, a British entrepreneur, Hansjorg Wyss, a Swiss billionaire, and Clearlake Capital, a US investment company, to make a bid for power at Stamford Bridge. This consortium has significant financial resources at its disposal.
What Chelsea-Related Plans Does Todd Boehly Have?
Boehly has emerged as the leading candidate to take over Chelsea, having seen off competition from Sir Jim Ratcliffe, the richest man in Britain, who made a late bid.
The Blues fans hope the long-standing takeover saga, which has brought many challenges on and off the field, will be concluded soon. They will also be delighted to hear that the potential new owner has ambitious plans for his sporting ventures.
At the Milken Institute Global Conference in LA, Boehly said, “Sports excite passion, and if you have passion, you have people who care about things. And if you have people who care about things, you have a great opportunity.”
It’s about managing that opportunity, access, and experience. He also spoke about wanting to give the four million fans who would be at Dodger Stadium this year the finest possible experience.
Boehly believes having a structural edge is vital in the Premier League, as it is in baseball and the NFL, and is continually looking for such chances.
Once Chelsea advanced to the quarterfinals of the Champions League, Graham Potter and Todd Boehly celebrated.
Chelsea head coach Graham Potter spoke to co-owner Todd Boehly after their Champions League win over Borussia Dortmund.
Despite facing criticism after a poor run of form, Potter praised the “fantastic atmosphere” and “special night” at Stamford Bridge.
The coach also acknowledged the fans’ support, who have been “really fair” despite recent results.
Potter emphasized the team’s need to stick together, with Chelsea currently in 10th place in the Premier League.