Kieran Maguire: Chelsea may now gamble on ‘volatile’ South American deal as news confirmed
Chelsea could enter the volatile South American market amid the latest in their bid to become the centre of a multi-club empire.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about which territories the Blues’ American owners are most likely to make targets for a takeover.
Todd Boehly almost immediately outlined his intentions to purchase another club following his £2.5billion buyout of Chelsea in May.
Chelsea announced on Wednesday (26 October) that they had appointed Laurence Stewart as a technical director to “focus on football globally”, further signalling their intentions to create a football network.
Man City’s City Football Group have a foothold in South America with Uruguayan side Montevideo Torque and are close to completing a takeover of historic Brazilian side Bahia.
Liverpool parent company Fenway Sports Group have also been linked with a move into the Brazilian market since a new law was passed that encourages foreign investment in the nation’s club football landscape.
Maguire forecasts that it is one market Chelsea will be keen to explore.
“I suspect Chelsea are looking for value,” he told Football Insider’s Adam Williams.
“There is no doubt that the South American market is very lucrative if somewhat volatile. Having an interest there will be of benefit.
“Also, targeting Europe to allow players to accrue governing body endorsement points would make sense. That would allow Chelsea to trade those players in terms of using these young men as commodities that can be sold at a profit.
“That is clearly part of the strategy and it is likely to continue as long as Chelsea are at such a deficit in terms of matchday revenues due to the smaller capacity at Stamford Bridge.“
In other news, pundit suggests N’Golo Kante could exit Chelsea after Tottenham transfer report.