Chelsea's co-owners Clearlake Capital have released their report of the first quarter of the year for the business.
Clearlake, a private investment firm run by Blues board members Behdad Eghbali and Jose E. Feliciano, completed six deals in the first quarter of 2023. The company completed two exits and four add-on transactions while also issuing updates on WhiteStar asset management, Appriss Retail, Novata, Discovery Education and Crash Champions.
Clearlake also championed the announcement that the move for Chelsea, completed last summer when the club was bought from Roman Abramovich, was given the deal of the year award for 2022 by Private Equity International. Businessman Todd Boehly linked up with Clearlake to secure a £4.25 billion deal for the Blues and they have been busy making a splash, spending £600 million on transfers since they took over at Stamford Bridge.
The Blues broke the British transfer record, too, with a move for midfielder Enzo Fernandez for £107 million as well as securing big-money moves for England star Raheem Sterling and Shakhtar Donetsk winger Mykhaylo Mudryk. Since the takeover, Chelsea have also sacked Thomas Tuchel and Graham Potter with the search for a new full-time manager still ongoing after the move to bring in Frank Lampard as an interim boss.
Clearlake have big plans for Chelsea, though, with former Tottenham Hotspur head coach Mauricio Pochettino eyed and a potential redevelopment of Stamford Bridge on the cards. "Despite the challenged market landscape, Clearlake closed two exits and four add-on transactions in the first quarter of 2023," a statement from Clearlake read.
"Clearlake remains committed to delivering flexible and creative capital solutions for control and non-control investments across technology, industrials, and consumer. We continue to lean into our multi-product approach, encompassing private equity, special situations, and credit, to ensure we stay agile and responsive to market dynamics."
READ NEXT:
Mauricio Pochettino has first Chelsea signing 'confirmed' after Todd Boehly makes £52m decision
NFL star JJ Watt answers Ryan Reynolds Wrexham question in huge Premier League announcement
Chelsea pre-season tour 2023 tickets and schedule as Wrexham and Newcastle games confirmed
Christian Pulisic faces Chelsea transfer deadline with Mauricio Pochettino decision looming
Latest Chelsea injury news as five miss Arsenal with Havertz return and Koulibaly update
