Chelsea FC has raised about $500mn in fresh investment from Ares Management as the Premier League side’s US owners look for ways to fund expensive stadium improvements and build stakes in more football clubs.
Ares, the US alternative asset manager, has provided the capital injection, according to two people with knowledge of the matter. One of the people described it as a preferred equity deal.
Chelsea, which is controlled by a consortium including private equity group Clearlake Capital and US financier Todd Boehly, is looking for ways to boost revenue after an expensive transfer window.
Read the full story on the Financial Times here.