{"id":99079,"date":"2023-09-21T09:49:27","date_gmt":"2023-09-21T09:49:27","guid":{"rendered":"https:\/\/celebritycovernews.com\/?p=99079"},"modified":"2023-09-21T09:49:27","modified_gmt":"2023-09-21T09:49:27","slug":"chelsea-set-for-whopping-400m-cash-injection-as-part-of-major-multi-club-expansion-plan-the-sun","status":"publish","type":"post","link":"https:\/\/celebritycovernews.com\/sport\/chelsea-set-for-whopping-400m-cash-injection-as-part-of-major-multi-club-expansion-plan-the-sun\/","title":{"rendered":"Chelsea \u2018set for whopping \u00a3400m cash injection as part of major multi-club expansion plan\u2019 | The Sun"},"content":{"rendered":"

CHELSEA are reportedly set to receive a \u00a3400million cash injection from investment firm Ares Management as part of a multi-club expansion plan.<\/strong><\/p>\n

The Blues were bought by Todd Boehly and Clearlake Capital last year on the agreement the new owners would invest \u00a31.75billion into the club.<\/p>\n


\n<\/p>\n

Boehly has already seen huge spending in the transfer market, breaking the \u00a31bn barrier in just three windows.<\/p>\n

Now Chelsea are set to receive a cash injection worth \u00a3400m from US-based Ares Management, report The Telegraph.<\/p>\n

It is understood the money will be used to fund expansion projects including the redevelopment of Cobham and a new stadium, which could cost upwards of \u00a31.5bn.<\/p>\n

Ares are expected to make the investment as part of a preferred equity deal, which would see the company paid a percentage return on their investment.<\/p>\n

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Other firms and individuals are reported to be interested in buying shares, with one fronted by former captain John Terry – Boehly is said to be open to offers.<\/p>\n

That means more than one deal could be reached with club sources insisting new investment will go towards new projects – not money already spent.<\/p>\n

One project Boehly and co-owner Behdad Eghbali are keen to pursue is adding more clubs to their portfolio.<\/p>\n

Portuguese side Sporting Lisbon has been identified as a potential feeder club for the Blues as part of plans to build a team capable of achieving 100 points in the Premier League.<\/p>\n

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Ares' involvement could be key with the firm announcing it has raised almost \u00a33bn to go towards investing in sports teams.<\/p>\n

They have already bought shares in Atletico Madrid and Eagle Football, who bought Lyon last year – with the club now owned by John Textor, a close affiliate of Chelsea chief Eghbali.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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