England: Chelsea co-owner confident about new stadium plans

source: StadiumDB.com; author: Paulina Skóra

England: Chelsea co-owner confident about new stadium plans Todd Boehly suggested in an interview with Bloomberg that Chelsea’s owners remain aligned on the club’s development but emphasized that the future of Stamford Bridge will be crucial for their ongoing partnership.

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A new stadium as a hub for sporting events

Chelsea is exploring the possibility of building a new stadium on the current Stamford Bridge site or relocating to a different location. Either option would require approval from Chelsea Pitch Owners, with the project being overseen by club president and COO Jason Gannon. Sources indicate that Chelsea aims to make progress on stadium plans this summer. When asked about the club’s ownership future, Boehly said: We have 16–20 years to figure this out. In London, it’s particularly complicated. This isn’t building in the countryside – we have to consider many different stakeholders, including, of course, Chelsea fans. But in the long run, I believe a new stadium will happen. Boehly emphasized that the new stadium could serve not only football but other sports as well. He sees stadium development as a key topic, especially in light of the NBA’s planned expansion into Europe, which will require suitable venues.

Stamford Bridge© Matt Rayns - Groundhopper

What’s next for Chelsea?

Todd Boehly, together with Behdad Eghbali and José E. Feliciano of Clearlake Capital, took over Chelsea just under three years ago. He claims that the club is now worth more than the £2.5 billion he and Clearlake paid at the time of the acquisition. A few months ago, reports emerged suggesting that one side might buy out the other, and according to Telegraph Sport sources, tensions between Boehly and Clearlake had reached a breaking point.

Clearlake firmly denied any intention of selling its 61.5% stake, emphasizing that it would not allow the club to be put back on the market, as happened after Roman Abramovich was sanctioned.

Boehly owns 38.5% of Chelsea, with his stake equally split between himself, Hansjörg Wyss, and Mark Walter. There is no scenario in which Boehly could sell his shares solely to Eghbali and Feliciano — Clearlake would also have to acquire Wyss and Walter’s shares, which would cost over £1.5 billion to make the deal financially viable.

Stamford Bridge© Craig Grobler (cc: by-nc-nd)

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