{"id":288367,"date":"2023-09-20T22:35:39","date_gmt":"2023-09-20T22:35:39","guid":{"rendered":"https:\/\/sportsloveme.com\/?p=288367"},"modified":"2023-09-20T22:35:39","modified_gmt":"2023-09-20T22:35:39","slug":"chelsea-set-for-400m-cash-boost-from-us-firm-ares","status":"publish","type":"post","link":"https:\/\/sportsloveme.com\/soccer\/chelsea-set-for-400m-cash-boost-from-us-firm-ares\/","title":{"rendered":"Chelsea set for \u00a3400m cash boost from US firm Ares"},"content":{"rendered":"<h1>Chelsea set for \u00a3400m cash boost from US firm Ares Management as they look to add further clubs to their network with Sporting Lisbon in their sights<\/h1>\n<ul>\n<li><strong>Chelsea are set to receive a \u00a3400m cash boost from US firm Ares Management<\/strong><\/li>\n<li><strong>Owner Todd Boehly is seeking investment to aid his stadium expansion plans\u00a0\u00a0<\/strong><\/li>\n<li><strong>Listen to the latest episode of Mail Sport&#8217;s podcast It&#8217;s All Kicking Off!\u00a0<\/strong><\/li>\n<\/ul>\n<p>Chelsea are set for a \u00a3400million cash injection through an investment deal with US firm Ares Management.<\/p>\n<p>Ares, who had talks with Manchester United during their ongoing takeover saga, are instead poised to boost Chelsea\u2019s finances.<\/p>\n<p>The west London club\u2019s owners, Todd Boehly and Clearlake Capital, are seeking funds to develop the club, including their stadium expansion plans and increasing their multi-club model. Both Chelsea and asset managers Ares refused to comment on the situation.<\/p>\n<p>Boehly and Clearlake bought the club 16 months ago for \u00a32.5bn with an extra \u00a31.75bn committed to invest in the club on and off the pitch.<\/p>\n<p>They have spent more than \u00a31bn on transfers since then, with the purchase of French top-flight club Strasbourg for \u00a365m another standout investment.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/20\/21\/75642627-0-Todd_Boehly_and_Clearlake_Capital_bought_Chelsea_in_2022_and_hav-a-21_1695241721962.jpg\" height=\"451\" width=\"634\"><\/p>\n<p>Chelsea are set to receive a \u00a3400m cash injection as Todd Boehly looks for extra funding\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/20\/21\/75644277-0-The_expansion_of_current_ground_Stamford_Bridge_or_moving_to_a_n-a-22_1695241751193.jpg\" height=\"419\" width=\"634\"><\/p>\n<p>The Blues are in talks with US firm Ares Management &#8211; with expanding Stamford Bridge high on the agenda\u00a0<\/p>\n<p>Chelsea are looking to add further clubs to their network.<\/p>\n<p>Portugal is one of the next countries they are looking at and 19-time champions Sporting Lisbon are in their sights.<\/p>\n<p>Ares, meanwhile, had raised about \u00a33bn to pump into sport plus media and entertainment firms, with a significant chunk of that now earmarked for Chelsea.<\/p>\n<p>The club remain in discussion over whether to redevelop their current 40,000-capacity Stamford Bridge home or relocate, though both options come with obstacles.<\/p>\n<p>For example, non-profit organisation Chelsea Pitch Owners own the Stamford Bridge freehold and could block any potential move.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/20\/22\/75658615-12542097-image-a-23_1695244403186.jpg\" height=\"398\" width=\"634\"><\/p>\n<p>Chelsea are looking to add further clubs to their network &#8211; with Sporting Lisbon on their list<\/p>\n<p>Chelsea are a step closer to finding out if they have succeeded in their bid to buy the neighbouring 1.2 acre site, which is currently home to the Sir Oswald Stoll Mansions.<\/p>\n<p>Purchasing that land would give them a bigger footprint to work with should they choose to rebuild or redevelop on the existing site.<\/p>\n<p>Seeing off competition from 13 other bidders, Chelsea agreed a deal in principle with veterans\u2019 charity Stoll to buy the land next to Stamford Bridge and the consultation period with residents ends today.<\/p>\n<p>Stoll will review the feedback before their board make a final decision this autumn on whether to proceed with the sale to Chelsea.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/i\/pix\/2017\/08\/02\/636x90_facebook_ad_sport.png\" width=\"636\" height=\"90\"><br \/>\nSource: <a href=\"https:\/\/www.dailymail.co.uk\/sport\/football\/article-12542097\/Chelsea-set-400m-cash-boost-firm-Ares-Management-look-add-clubs-network-Sporting-Lisbon-sights.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chelsea set for \u00a3400m cash boost from US firm Ares Management as they look to add further clubs to their<\/p>\n","protected":false},"author":2,"featured_media":288366,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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