| Company type | Holding company |
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| Industry |
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| Founded | 2022 |
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BlueCo is a consortium led byTodd Boehly,Clearlake Capital,Mark Walter, andHansjörg Wyss.[1] The group was formed as the investment vehicle for the takeover ofPremier League football clubChelsea F.C. in 2022. Its name is derived from the home colour of Chelsea, its flagship football club, and it acts as the club's parent company.
Founded in 2022, BlueCo is a consortium that purchasedChelsea in 2022. It is led byTodd Boehly, chairman and CEO ofEldridge Industries, andClearlake Capital, and it also includedHansjörg Wyss, founder of the Wyss Foundation, andMark Walter, co-founder and CEO ofGuggenheim Partners. Walter and Boehly are owners of theLos Angeles Dodgers and theLos Angeles Sparks. BlueCo acquiredLigue 1 football clubRC Strasbourg Alsace a year later to start multi-club ownership.[2][3]
In March 2022, formerChelsea F.C. owner, Russian businessmanRoman Abramovich, was sanctioned by Western governments in response to the2022 Russian invasion of Ukraine.[4][5] As a result, thePremier League disqualified Abramovich as a club director,[6] and he was forced to put the club up for sale.[7][8]
On 7 May 2022, Chelsea confirmed that terms had been agreed for a new ownership group to acquire the club. The group later known as BlueCo was led byTodd Boehly, chairman and CEO ofEldridge Industries, andClearlake Capital, it also includedHansjörg Wyss, founder of the Wyss Foundation, andMark Walter, co-founder and CEO ofGuggenheim Partners. Walter and Boehly are owners of theLos Angeles Dodgers, theLos Angeles Lakers, and theLos Angeles Sparks.[1]
On 25 May 2022, the British government approved BlueCo's £4.25 billion takeover of Chelsea.[9] The transaction received all necessary approvals from the UK government, the Premier League, and other authorities and was completed on 30 May 2022.[10] After the takeover, BlueCo promised to commit £1.75 billion in further investment in the club home stadiumStamford Bridge, theacademy, thewomen's team, academy and women's team home stadiumKingsmeadow and Chelsea Foundation.[1]
On 22 June 2023, BlueCo reached an agreement to become shareholders of French clubRC Strasbourg Alsace.[2] The agreement would see BlueCo invest in Strasbourg's first teams and academy. It was reported that the consortium had close to a 100% ownership stake in the club, having paid €75 million.[11]
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