Product Code Database
BlueCo is a consortium led by Todd Boehly, Clearlake Capital, Mark Walter, and Hansjörg Wyss. The group was formed as the investment vehicle for the takeover of Premier League football club Chelsea in 2022. Its name is derived from the home colour of Chelsea, its flagship football club, and it acts as the club's parent company.
On 7 May 2022, Chelsea confirmed that terms had been agreed for a new ownership group to acquire the club. The group later known as BlueCo was led by Todd Boehly, chairman and CEO of Eldridge Industries, and Clearlake Capital, it also included Hansjörg Wyss, founder of the Wyss Foundation, and Mark Walter, co-founder and CEO of Guggenheim Partners. Walter and Boehly are owners of the Los Angeles Dodgers, the Los Angeles Lakers, and the Los Angeles Sparks.
On 25 May 2022, the British government approved BlueCo's £4.25 billion takeover of Chelsea. The transaction received all necessary approvals from the UK government, the Premier League, and other authorities and was completed on 30 May 2022. After the takeover, BlueCo promised to commit £1.75 billion in further investment in the club home stadium Stamford Bridge, the academy, the women's team, academy and women's team home stadium Kingsmeadow and Chelsea Foundation.
As of November 2025, £2.35 billion of the proceeds intended to be spent in Ukraine were still frozen due to a legal dispute between Abramovich and the Government of Jersey. This was due to the Royal Court of Jersey ruling that raids on premises owned by Abramovich had been unlawful, and that Government of Jersey records linked to the original investigation had been deleted despite Abramovich having obtained their legal disclosure. The court described the behaviour of the Government of Jersey as "extreme", and legal actions continue. The court has allowed Abramovich to introduce claims of conspiracy against the Government of Jersey.
|
|
