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Chelsea’s new era: Boehly and Clearlake bet on a booming Premier League

The new owners have spent freely during the summer transfer window, hoping success on the pitch will unlock greater revenues from media rights and commercial deals

Raheem Sterling strikes a pose that captures the ambition every football player wants to convey when joining a new club. Only the California palm trees behind him suggest this isn’t just any transfer in the English Premier League.

The Beverly Hills photo shoot for Chelsea FC’s £50mn signing underscores how things have changed at the Premier League club since a consortium led by US financier Todd Boehly and California-based investment firm Clearlake Capital acquired it from sanctioned Russian oligarch Roman Abramovich. It might also reflect its global ambitions.

The site is only a 20-minute drive away from the baseball franchise where Boehly and co-owner Mark Walter, Guggenheim Partners’ chief executive, made their names as sports investors: the Los Angeles Dodgers. The Crypto.com Arena, home of the LA Lakers basketball team, another of their investments, is nearby.

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