Original title: Secret of the new Blues boss: 46-year-old super rich wanted to buy Chelsea 3 years ago
Premier League Chelsea Club officially released an announcement today, announcing that it has reached an agreement with the Todd-Burley consortium on the acquisition of the club. After obtaining all necessary approvals, the sale of the club is expected to be officially completed in late May. Abramovich’s 19-year run at Chelsea has come to an end, and Chelsea will welcome a new owner.
Todd-Burley, 46, is an American businessman who studied at the London School of Economics in England before working for Citibank and CS First in Boston. Todd-Burley joined Guggenheim Partners in 2001 to launch Offensive Credit Investments and serve as the firm’s president. In 2013, Todd Burley led Time Warner Cable to a deal with the Los Angeles Dodgers Baseball Club to create SportsNet LA, a regional broadcast network that broadcasts all Los Angeles Dodgers-related programming.
In 2015, Todd-Burley integrated the assets he purchased at the Guggenheim Company into the Eldridge Group, and participated in investing in about 80 financial, media, sports, real estate, and technology companies. Todd-Burley is also very enthusiastic about investing in sports. He is the co-owner of the Los Angeles Dodgers baseball club, and also holds shares in the NBA’s Los Angeles Lakers and women’s basketball team Los Angeles Sparks. According to “Forbes” magazine, Todd – Burley’s personal wealth is currently about 3.6 billion pounds.
Todd Burley tried to buy Chelsea as early as 2019, but his £2.2 billion offer was rejected by Abramovich. Todd Polly said at the time: “The passion for football and Chelsea is unparalleled, so when you think about what you want to build with these teams, you need to try to win and be part of the community. The Premier League has the highest level of play and the best players.”
Due to the Russian-Ukrainian conflict, Abramovich announced the sale of Chelsea this year, and Todd Burley led a consortium to bid, including Mark Walters (co-owner of the Los Angeles Dodgers baseball club), British businessman Jonathan Gold Stein, Swiss billionaire Hans-Jogweiss, American Clearlake Capital investment company, etc. In the end, Todd Burley’s consortium defeated other competitors and successfully acquired the Chelsea club.Return to Sohu, see more
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