Chelsea news: Stefan Borson drops Todd Boehly verdict after takeover deal agreed
Chelsea co-owner Todd Boehly has faced questions about several of his decisions since spearheading BlueCo’s takeover of the club in 2022.
The London giants have largely underperformed on the pitch over the past couple of years despite spending heavily on new signings, raising questions about the Stamford Bridge chief’s ability to deliver success.
BBC Sport reported on 11 February Cain International, founded by Boehly and British businessman Jonathan Goldstein, has agreed to buy a 49 per cent share in Hundred franchise Trent Rockets for just under £40million.
Finance expert Stefan Borson exclusively told Football Insider Boehly likely sees the move as a low-risk investment.
Cain was previously in the running for a stake in London Spirit before the Lord’s team was sold to a Silicon Valley consortium for £145million.
Boehly is a minority owner of the LA Dodgers baseball team and has stakes in various other sports-related businesses.
Chelsea owner wants to cash in on low-risk investment
Borson suggested there could be value in purchasing a large stake in Trent Rockets.
He told Football Insider: “I think it’s a bit of a punt.
“Given the Indian wealth in particular and a lot of money now resides in Silicon Valley as well, I can see that those major franchises could be worth owning.
“I do think it’s a bit of a punt, but London Spirit, who are based at Lord’s, was bought by a consortium of Silicon Valley Tech entrepreneurs who love cricket.
“They are originally from India and the opportunity to own a London cricket franchise in ineffectively a new format was very attractive to them and is a great toy.
“If you have made tens of millions of pounds or maybe more and you’ve got 12 friends getting together to do it, which is what London Spirit has, then you can imagine that it’s great fun.
“I think Todd Boehly probably looks at it as a low-risk asset in England, where he’s already got some interesting investments.”
Chelsea set for takeover hit after Premier League blow
Boehly led the £4.25billion purchase of Chelsea in May 2022, bringing to an end Roman Abramovich’s 19-year reign at Stamford Bridge.
The American was believed to be locked in a takeover battle with Clearlake Capital’s Behdad Eghbali earlier this season, but no agreement was reached and the pair both remain at the club.
Football Insider revealed on 8 November Chelsea’s valuation has dropped over the past couple of years due to their lack of progress on the pitch.
Enzo Maresca’s side currently sit sixth in the Premier League table after their form has dipped lately.
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