LONDON: Todd Boehly’s consortium has secured Chelsea’s future but the hard work is just beginning for the latest American billionaire to be lured by the promise of Premier League riches.
Boehly’s group has received the approval from the British government and Premier League required to seal the £4.25 billion ($5.3 billion) deal.
Having masterminded the purchase from Roman Abramovich in less than three months despite numerous complications due to government sanctions targeting the Russian, Los Angeles Dodgers co-owner Boehly will now focus on reaping the rewards of his labors.
The American has grand ambitions for the west London club as he targets sustained success on the pitch and financial growth off it.
Discussing a previous attempt to purchase Chelsea that was rebuffed, Boehly told Bloomberg in 2019: “What you are trying to build with these teams, you are really trying to A, win and B, be part of the community.”
The Premier League’s global brand is a key driver of Boehly’s interest as it provides the opportunity to benefit from significant broadcast revenues and merchandising.
“It’s the highest-quality play, it’s the best players,” Boehly said. “You also have a media market that’s just developing.”
Some football financial analysts believe leading Premier League clubs could be worth more than £10 billion within a decade.
California investment group Clearlake will be Chelsea’s majority shareholder as part of the consortium, with Boehly becoming controlling owner.
While the consortium is clearly motivated by guaranteeing a return on their investment, Boehly would be wise to learn from the experiences of his fellow American owners at Liverpool, Manchester United and Arsenal.
John Henry’s Fenway Sports Group has steered Liverpool back to the top of the game with a series of smart moves, crucially landing boss Jurgen Klopp, surrounding him with innovative lieutenants and providing the backing required to land his transfer targets.
In contrast, Manchester United owners the Glazer family and Arsenal’s Stan Kroenke have endured furious fan protests after presiding over precipitous declines in their clubs’ fortunes.
Chelsea have a solid foundation thanks to the sterling work of boss Thomas Tuchel, who won the Champions League in his first season and this campaign secured a third-place finish in the Premier League while reaching two domestic cup finals despite the distractions of the sale saga.
Significantly, Boehly already has institutional knowledge of what it takes to grow a club’s brand, while putting out a winning team.
He was a key member of the ownership group that bought the Los Angeles Dodgers from Frank McCourt in 2012 for $2 billion — then a record for a North American sports team acquisition.
In the decade since Guggenheim Baseball Management — the investment group that also includes Mark Walter and Los Angeles Lakers great Magic Johnson — took over a Dodgers team in disarray, the club have become perennial contenders.
They reached the World Series three times in four years, coming away empty-handed in 2017 and 2018 before winning the title in 2020.
The turnaround, along with the revitalization of Dodger Stadium, was fueled by a multi-million-dollar media deal and, under Boehly and his co-investors, the Dodgers have eclipsed the New York Yankees as the biggest-spending club in MLB.
“There is only one Dodgers,” Boehly said at the time of the purchase. “It’s not, ‘Oh well, if you don’t get this one, you can go get that one.’“
Boehly left Guggenheim Partners in 2015 and co-founded the holding company Eldridge Industries, of which he is the chairman and chief executive.
He is also chairman of Security Benefit, which has a commercial partnership with the Dodgers, and MRC, an entertainment company with businesses spanning film, TV, media and data.
Boehly has also expanded his sports interests. He is a part-owner of the Women’s National Basketball Association’s Los Angeles Sparks and last year joined with Walter to purchase a stake in the NBA’s Los Angeles Lakers.
In recent weeks, Boehly has been able to attend matches at Stamford Bridge, both in the directors’ box and also mixing in the stands among supporters.
The laid-back American appears to have the common touch, but emulating the sustained success of the Abramovich era — with 19 major trophies in 19 years — will be the true test of Chelsea’s new regime.
Boehly’s Chelsea takeover puts US tycoon in spotlight
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Boehly’s Chelsea takeover puts US tycoon in spotlight
- The American has grand ambitions for the west London club as he targets sustained success on the pitch and financial growth off it
- The Premier League's global brand is a key driver of Boehly's interest
Zimbabwe win toss and elect to bat in 2nd ODI against Pakistan
- Pakistan suffered 80-run humiliating loss to Zimbabwe in first ODI on Sunday
- Tayyab Tahir and leg-spinner Abrar Ahmed debut for Pakistan in second ODI
BULAWAYO: Zimbabwe won the toss and elected to bat in the second one-day international against Pakistan on Tuesday.
Pakistan made two changes after Zimbabwe recorded a stunning 80-run win on DLS method in the rain-affected first match to lead the three-game series 1-0 on Monday.
Middle-order batter Tayyab Tahir and leg-spinner Abrar Ahmed were awarded ODI debuts in place of Haseebullah Khan and fast bowler Mohammad Hasnain.
Haseebullah got dropped after making 0 in his debut ODI while Hasnain made way for Abrar with the wicket expecting to slow bowlers.
Zimbabwe didn’t tinker with its winning combination after Pakistan struggled against both pace and spin in the first game.
Pakistan have rested its frontline white-ball players Shaheen Shah Afridi, Naseem Shah and Babar Azam as they tested bench strength ahead of next year’s Champions Trophy.
Bulawayo will host the third and final ODI on Thursday and will also host both teams in the three-match T20 series.
‘As easy as the semifinal’ — Alhyasat predicts another win over Al-Qahtani
- Saudi fighter Al-Qahtani gets second chance against his Jordanian opponent after Islam Reda’s withdrawal from the PFL Mena Championship final
RIYADH: The author of arguably the biggest upset in the inaugural season of PFL MENA, Jordanian welterweight Abdelrahman “Cobra” Alhyasat, has predicted history will repeat itself during the first championship final on Nov. 29.
A relative unknown, Alhyasat shocked the world when he beat Saudi Arabian mixed martial arts star and title favorite Abdullah Al-Qahtani in the semifinals, winning by unanimous decision.
While the undefeated Alhyasat was initially scheduled to face Islam Reda in the final, an injury meant the latter had to withdraw — opening the door for a rematch with Al-Qahtani.
However, Alhyasat does not seem too excited about facing the “The Reaper” for a second time.
“I would have preferred to face a different fighter in the final, but Islam Reda’s injury led to Al-Qahtani being in the final,” he said.
However, “Cobra” is confident that he can make it 2-0 against the Kingdom’s biggest MMA star.
“I will repeat my victory over Al-Qahtani,” he said boldly, even stating the hometown disadvantage would not be much of an issue. “I’m comfortable with this matchup; it will be as easy as the semifinal. Fighting on his home turf won’t be a source of stress for me.”
While Alhyasat believes he can shut down Al-Qahtani again, he also knows the Saudi Arabian star will not have the same game plan as he did in their semifinal showdown — so he has made his own strategy adjustments to compensate.
“I expect Al-Qahtani to change his fighting style for the final. That’s why, during my specialized training camp in Thailand, we coordinated with the technical team to study all possibilities and adapt to the flow of the fight,” Alhyasat explained.
“The plan we’ve prepared for the final is flawless and ensures another victory over Al-Qahtani,” he added.
In fact, Alhyasat is so confident in his capabilities that he already has a celebration planned.
“I will celebrate the belt with my friends in Amman, enjoying Jordanian mansaf, even if my opponent changes his fighting style,” he said.
The complete PFL MENA Championships card:
PFL MENA Featherweight Championship: Abdelrahman Alhyasat (5-0) vs. Abdullah Al-Qahtani (9-2)
PFL MENA Welterweight Championship: Mohammad Alaqraa (7-0) vs. Omar El Dafrawy (12-6)
Amateur Women’s Atomweight Bout: Hattan Alsaif vs. Lilia Osmani
PFL MENA Bantamweight Championship: Ali Taleb (11-1) vs. Rachid El Hazoume (15-3)
PFL MENA Lightweight Championship: Mohsen Mohammadseifi (6-1) vs. Georges Eid (10-4)
Showcase Fights:
Lightweight MENA Showcase: Mansour Barnaoui (21-6) vs. Alfie Davis (17-4-1)
Heavyweight MENA Showcase: Slim Trabelsi (7-0) vs. Abraham Bably (5-0)
Featherweight Global Showcase: Jesus Pinedo (23-6-1) vs. Jeremy Kennedy (19-4)
Featherweight Global Showcase: Asael Adjoudj (8-1) vs. Jose Perez (9-1)
Middleweight Global Showcase: Costello van Steenis (15-3) vs. Joao Dantas (7-1)
FIFAe Finals 2024 to take place in Riyadh
- The tournament returns to the Saudi capital from Dec. 5-12 with a partnership between FIFAe and the Saudi Esports Federation
RIYADH: The FIFAe Finals 2024 come to Riyadh next month, the first time the event will include multiple esports titles.
Hosted at the SEF Arena at BLVD Riyadh City, it will unfold in two stages. Proceedings begin with the FIFAe World Cup featuring Rocket League from Dec. 5-8, followed by two FIFAe World Cups featuring eFootball (on console and mobile) that will run from Dec. 9-12.
Ahead of the tournaments, Turki Al-Fawzan, CEO of the Saudi Esports Federation, said: “As we continue to strengthen Saudi Arabia’s position as a global leader in esports, hosting the FIFAe Finals 2024 is a proud moment for us. This event not only highlights the Kingdom’s commitment to the esports ecosystem but also provides an unparalleled opportunity for players from across the world to showcase their talent and passion on a global stage. We’re excited to witness the next chapter of esports history unfold right here in Riyadh.”
Players have the opportunity to represent their nations and lift the official FIFAe World Cup Trophy on a global stage. Sixteen nations are competing in Rocket League and up to 18 will go head-to-head in eFootball.
In line with Rocket League’s third-party regulations, the prize pool stands at $250,000. The prize pool for both eFootball competitions (console and mobile) is $100,000 each, bringing the total prize distribution for the FIFAe Finals 2024 to $450,000.
“This year’s addition of multiple new titles marks a major expansion for football esports tournaments, offering players from diverse ecosystems the chance to compete on the biggest stage under the FIFAe banner. We’re excited to continue this momentum together with the SEF and look forward to bringing this event to life in December together with our partners and publishers,” said FIFA Secretary-General Mattias Grafstrom.
The FIFAe Finals 2024 follow the inaugural FIFAe Next Gen event in Liverpool, England, which included the first-ever FIFAe World Cup featuring Football Manager, alongside the FIFAe Fame Your Game Cup.
West Ham stun Newcastle to ease pressure on Lopetegui
- The result, only West Ham’s second win on the road this season, lifts them to 15 points, just three behind 10th-placed Newcastle
NEWCASTLE, United Kingdom: West Ham produced a clinical away performance to beat resurgent Newcastle 2-0 on Monday, easing the pressure on beleaguered manager Julen Lopetegui.
Tomas Soucek headed the visitors in front against the run of play at St. James’ Park and Aaron Wan-Bissaka grabbed a rare goal in the second half to double the Hammers’ lead.
Newcastle were unable to capitalize on the chances they created, failing to build on the momentum created by recent wins against Arsenal and Nottingham Forest.
The result, only West Ham’s second win on the road this season, lifts them to 15 points, just three behind 10th-placed Newcastle.
The home side made the early running and in-form forward Alexander Isak had the ball in the net in the fifth minute after a delicate dink over Lukasz Fabianski, only for it to be ruled out for offside.
West Ham, expected to face a tough test on Newcastle’s home turf, showed little adventure in the opening stages.
But their first real foray up the pitch resulted in a corner and the unmarked Soucek powered home a header from close range in the 10th minute.
Newcastle enjoyed the bulk of the possession as a lively first half unfolded but West Ham were robust in defense and threatened when they went forward.
Anthony Gordon had a glorious chance to level after a poor clearance from Jean-Clair Todibo but fired straight at Fabianski.
Minutes later Isak chested down a superb cross from Bruno Guimaraes but steered narrowly wide on the stretch.
Eddie Howe’s Newcastle were again on the front foot at the start of the second half but it was West Ham who doubled their lead through Wan-Bissaka.
The former Manchester United man scored his first goal for West Ham and just his third career goal after picking up Jarrod Bowen’s pass and firing home.
Howe brought on Jacob Murphy and Callum Wilson in a bid to turn the tide but Newcastle failed to build up a head of steam against their determined opponents, who saw out the game with relative ease.
The result will be a huge relief for Lopetegui, whose future has been a matter of mounting speculation just months after he replaced David Moyes.
Jeddah’s IPL auction: Vaibhav Suryavanshi becomes youngest player ever to be sold
- Big money flows as Saudi Arabia makes history with first-ever international cricket event
- It was an electric, record-breaking mega auction which rewrote history, says IPL
JEDDAH: The big money flowed on Monday as Saudi Arabia made waves with its first-ever international cricket event, hosting the TATA IPL mega auction in Jeddah, a key event in the sport’s global calendar.
The major highlight of day two was Vaibhav Suryavanshi — a left-handed batsman from the east Indian state of Bihar known for hitting long sixes — becoming the youngest player to be sold at the IPL auction — at just 13 years of age.
Suryavanshi was bought by the Rajasthan Royals for $131,000 in the IPL auction at the Abadi Al-Johar Arena in Jeddah.
Rajasthan Royals and Delhi Capitals went head-to-head for his services and eventually the Royals won the fight.
TATA IPL wrote on X: “Talent meets opportunity indeed. (The) 13-year-old Suryavanshi becomes the youngest player ever to be sold at the #TATAIPL auction. Congratulations to the young star, who now joins Rajasthan Royals.”
Rajasthan Royals said on X: “Vaibhav Suryavanshi, all of 13 years old, entering the IPL!”
Hailing from Samastipur, Suryavanshi has already made headlines with his extraordinary achievements on the field.
During the 2023-24 Ranji Trophy season in the Indian domestic league, Suryavanshi made his debut at just 12 years and 284 days against Mumbai.
Indian all-rounder Yuvraj Singh made his debut at 15 years and 57 days, while legendary cricketer Sachin Tendulkar started his career at 15 years and 230 days.
Bhuvneshwar Kumar’s experience found high demand among IPL franchises at the Jeddah event, with Royal Challengers Bengaluru securing his services for $1.275 million.
Other notable deals included Deepak Chahar, who fetched about $1.1 million from Mumbai Indians despite his injury history, and Mukesh Kumar, retained by Delhi Capitals for about $1 million through the RTM card. Lucknow Super Giants also invested heavily, signing Test pacer Akash Deep for about $1 million.
However, some big names, including Kane Williamson, Shardul Thakur, Prithvi Shaw, Ajinkya Rahane, and Glenn Philipps, went unsold during the mega auction.
The auction reflected the high demand for players, especially from India. Indian talents got lucrative deals for even its fringe players.
Star Indian player Rishabh Pant became the most expensive player in the history of the IPL as Lucknow Super Giants spent a mind-boggling $3.19 million on the wicketkeeper-batter on the first day of the mega auction.
Jeddah’s TATA IPL mega auction saw plenty of twists, turns, unexpected signings and records broken, as the availability of Indian and international stars was greater than ever and all 10 franchises were looking to rebuild their squads.
The marquee event posted on X at its conclusion: “That’s it from the #TATAIPLAuction Arena in Jeddah. It was an electric, record-breaking mega auction, which rewrote history. Look forward to your company in #TATAIPL 2025.”
Franchise owners also took to X to express their great excitement.
One of the owners of Punjab Kings and famous Bollywood actor Preity Zinta wrote: “Day 1, nothing less than A1! Punjab Kings are on fire and ready to soar! #IPL2025Auction.”
On day two, she went on to take advice from fans, and wrote: “So how is the auction going folks? Are our fans happy? If not, any more recommendations/suggestions? Bring it on ! #PBKS #IPLAuction2025.”
Owner partner of Kolkata Knight Riders Juhi Chawla Mehta was excited as she posted on X a video of Jeddah with the caption “Destination Jeddah … IPL auction 2025 #ipl2025auction #IPLAuction #Kolkatknightriders #KKR.”
In another post sharing a video of the auction venue, she wrote: “Getting mega auction ready with our CEO Venky Mysore, and mentor DJ Bravo! @VenkyMysore @DJBravo47.”
The squads of the league’s 10 franchises — Chennai Super Kings, Delhi Capitals, Gujarat Titans, Kolkata Knight Riders, Lucknow Super Giants, Mumbai Indians, Punjab Kings, Rajasthan Royals, Royal Challengers Bengaluru, and Sunrisers Hyderabad — were finalized on Monday from a pool of 574 players.
The IPL will enter its 18th season in March next year, and the Red Sea city of Jeddah became an important stop en route.
The names of Dubai, London, Riyadh and Jeddah were touted before the Red Sea city was chosen by the Board of Control for Cricket in India for the marquee event.
