Chelsea FC is exploring a deal that would add around £205million to the club’s debt as owner Todd Boehly and Clearlake Capital look at new ways to invest in the Premier League franchise. The club has already seen significant investment by way of transfers since the American’s takeover, and Boehly is not looking to slow down any time soon.
Since taking control of the club from Russian owner Roman Abramovich in a deal worth £4.2billion in 2022, Boehly has put his money where his mouth is. The American has spent over £1bn on player transfers – with no fewer than 30 first-team players coming through the door.
Deals including over £205m on Moises Caicedo and Enzo Fernandez have gone a long way to add to the sum, but are yet to yield any major improvement on the pitch. So far this season, under the management of Mauricio Pochettino, the Blues have registered two draws, three defeats and just one win in the Premier League – against newly promoted Luton Town.
The results and lack of goals, having not scored in the league since the win in August, have called for fans to demand even more spending. Something which the club seems happy to oblige to.
According to a report from Bloomberg, Chelsea is exploring a £205m investment, bringing Bank of America Corp. on board to provide guidance. Chelsea already has around £660m in loans which would take the club’s total debt to over the £1bn mark.
The loan also coincides with reports that the Blues are also seeking a lucrative £330m investment with U.S. firm Ares Management. The deal would help contribute to the planned expansion of Stamford Bridge, something which Boehly stipulated after purchasing the club, saying £1.7bn would be invested in “further investment for the benefit of the club.”
But not everyone believes that the changes at the club have been a positive thing. Former Liverpool defender Jamie Carragher addressed fans’ concerns that too many players have joined the club in a short space of time while appearing on the Stick to Football podcast.
“Yes, you need top players, but you need a connection in the dressing room, a connection with the manager, a connection with the crowd,” he said. “How can that ever happen at Chelsea? I just don’t see it.
“The manager changes every two minutes. There are players coming in left, right and center. There are probably two or three players for every position.
“There has got to be a plan, a structure. Who are you bringing in? Who’s playing with who? The best teams will normally spend the most money, I understand that, but the way Chelsea have done it – spending so much in the last 12 months – there is more to it.”
Chelsea is next in action tonight when they play Fulham in the Premier League.