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Chelsea’s US private equity owners were once ridiculed. Now opinions are changing
Chelsea’s American owners use data and long-term contracts in a $1 billion transfer strategy that helped win the Club World Cup and boost revenues.
- A U.S.-led consortium acquired Chelsea Football Club for $3.2 billion and spent more than $600 million on transfers in their first season.
- The sale was prompted by U.K. sanctions after Russia's invasion of Ukraine, forcing Roman Abramovich into a hurried sale after he built Chelsea into a 21-trophy powerhouse.
- The ownership deployed Wall Street-style accounting with contracts up to eight-and-a-half years, asset sales to subsidiaries including club-owned hotels and Chelsea Women's team, and a $36.5 million UEFA fine.
- Sporting results have followed heavy spending, producing major prizes as Chelsea was crowned world champion in July, won the UEFA Conference League, qualified for the Champions League, and earned around $100 million in prize money.
- Opinion is shifting as private equity principles produce results, but fans complain about rising ticket prices and the in-stadium DJ, with We Are The Shed warning of possible protests.
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16 Articles
16 Articles
Associated Press News+13 Reposted by 13 other sources
Chelsea's US private equity owners were once ridiculed. Now opinions are changing
Against the geopolitical backdrop of Russia’s invasion of Ukraine in early 2022, a consortium led by American private equity titans took the opportunity to acquire one of soccer’s crown jewels.
·United States
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Against the geopolitical backdrop of Russia's invasion of Ukraine in early 2022, a consortium led by private-capital American titans took the opportunity to acquire one of the jewels of the football crown.
Coverage Details
Total News Sources16
Leaning Left4Leaning Right1Center9Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 29%
C 64%
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