Hints and tips:
...Clearlake also renamed the company as Hoonigan, seeking a fresh start. Clearlake has begun an investment push to buy distressed assets....
...The pair expect to be required to divest the holdings in Palace in order for a potential purchase of Chelsea to go through, two of the people said....
...The most recent haul is a sign that specialised firms including TA, Thoma Bravo, Veritas Capital, Clearlake and Francisco Partners are taking share....
...Both deals went through a holding company sitting above the clubs themselves. Sports teams are increasingly seen as a distinct asset class....
...Lyon is the latest European football club to attract US investment after Clearlake Capital and Todd Boehly acquired Chelsea Football Club in May for £2.5bn, the most ever paid for a football club, and RedBird...
...The vehicle holding the club can sell it to a newer vehicle run by the same firm with a different mix of investors....
...More than 250 enquiries later, US investors Clearlake Capital and Todd Boehly won the bidding and paid £2.5bn for Chelsea....
...Foley’s Cannae Holdings said it invested roughly $126mn for control — 50.1 per cent — of Black Knight Football and Entertainment, the entity that acquired Bournemouth....
...Many investors chose to roll their holdings instead. A year ago, a third buyout group, Charlesbank Capital, invested in Ivanti at a valuation two times higher than the 2020 deal....
...Boehly and Clearlake are betting on a similar scenario playing out at Chelsea....
...David Beckham is open to holding talks with potential bidders for Manchester United, according to people with knowledge of the matter....
...Todd Boehly and Clearlake Capital are spending freely at Chelsea, defying fears that American investors would tighten the purse strings....
...The purchase by RedBird, led by former Goldman Sachs banker Gerry Cardinale, comes less than a year after it bought a roughly 10 per cent stake in Fenway Sports Group, the holding company that owns Liverpool...
...Job moves The new US owners of Chelsea Football Club, financier Todd Boehly and private equity group Clearlake Capital, have sacked head coach Thomas Tuchel after a poor start to the season....
...The move comes as specialist firms such as Elliott, Thoma Bravo, Vista and Clearlake have collectively raised tens of billions in buyout funds....
...Chelsea FC Holdings itself is controlled by Blueco 22, which replaced Fordstam as owner in late May....
...Their Eagle Football Holdings group will have to invest wisely to compete with Paris Saint-Germain, owned by Qatar Sports Investments, a government-backed vehicle....
...This trend has accelerated because of the emergence of players dedicated to buying portfolios of minority stakes including Dyal Capital, Blackstone’s Strategic Capital Holdings, Goldman Sachs’ Petershill...
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