Football

Todd Boehly: Can he imitate the Dodger title reshuffle at Chelsea

14 May 2022 | 08:58

46 years old from Virginiawho grew up being a fan Major League Baseball’s Baltimore Baseball Teambe a primary member of the purchased ownership group Los Angeles Dodgers from Frank McCourt in 2012 for $2 billion – then a record for the acquisition of a North American sports team

In the decade since Guggenheim Baseball Manager – investment group includes Mark Walter and Los Angeles Lakers legend, Magic Johnson – Taking over a Dodgers team in disarray, the club has become a perennial contender, having reached the knockout stages for the past nine seasons.

They have arrived World series three times in four years, leaving empty-handed in 2017 and 2018 before winning the title in 2020.

The change, along with the revival of Dodger . Stadiummotivated by a multi-million dollar media deal and, according to Boehly and his co-investors, the Dodgers overshadowed New York Yankees is the most spending club in the MLB.

Boehly and Walter each put $100 million to buy Dodgers while over $1 billion came from Partner Guggenhiem insurance companies.

“There is only one Dodgers,” Boehly said at the time. “It’s not, ‘Oh, if you don’t take this, you can go get that.'”

Directing the Dodgers out of unrest after McCourt isn’t the only time Boehly has dived into turbulent waters.

In October, he became interim chief executive officer of Hollywood Foreign Press Associationawarding group Golden Globebecause it addressed the aftermath of a Los Angeles Times investigation that revealed ethical flaws and a lack of diversity.

– The opportunity to return to the world –

Boehly left Guggenheim Partners in 2015 and co-founded the parent company Eldridge Industriesof which he is the chairman and chief executive officer.

He is also president of Security Benefit, which has commercial partnerships with the Dodgers and MRC Entertainment, a Beverly Hills-based media company that owns Billboard, Rolling Stone, Variety, The Hollywood Reporter and Dick Clark Productions.

Boehly has also expanded her sports interests. He’s a part owner of WNBA’s Los Angeles Sparks and last year joined with Walter to buy a stake in the NBA’s Los Angeles Lakers.

Opportunity to buy Chelseareigning European champions, coming after host Russia Roman Abramovich put the club on the market in early March, just days before he was sanctioned by the UK government Russia Invades Ukraine.

Discuss previous purchase attempts Chelsea That was dismissed, Boehly told Bloomberg in 2019 that “what you’re trying to build with these teams, you’re really trying to be a – win and b – be part of the community.” copper.”

Without a doubt, the Premier League’s global position and return on investment is a key driver of Boehly’s interest.

“It’s the highest quality game, it’s the best players,” he told Bloomberg in 2019. “You also have a growing media market.”