The new billionaire at the top of London’s Chelsea club pyramid, his vision won’t be easy for Blues fans accustomed to Russian billionaire Roman Abramovich, but his ‘fat’ biography could make him a new ‘fan of the masses’.
And the British newspaper The Telegraph reported on Friday that an alliance led by American businessman Todd Boley and backed by Clearlake Capital had reached an agreement to acquire Chelsea Football Club for £4bn.
The proposal has been sent to the British government and the Premier League and is awaiting approval.
Who is Boly?
Pain’s net worth is half that of Russia’s $4.5bn Abramovich, compared to his Russian counterpart’s $9bn, but Pain’s track record in sports is encouraging at Chelsea.
The American billionaire who will lead the new Chelsea management alliance has solid stakes in Los Angeles’ biggest sports clubs, led by the Los Angeles Dodgers baseball team and the Los Angeles Lakers basketball team.
Boyle graduated from the College of William and Mary in 1996 with a bachelor’s degree in finance and studied at the London School of Economics.
While studying at the London School of Economics, Boyle began working for Citibank and then Credit Suisse to gain experience in finance.
He then launched the trust investment business of the large American corporation Guggenheim Partners and took on asset management responsibilities.
In 2015, Boyle bought some of the assets accumulated in his previous company and founded Elderg, a private holding company that invests in various industries.
