Chelsea ‘set for whopping £400m cash injection as part of major multi-club expansion plan’
CHELSEA are reportedly set to receive a £400million cash injection from investment firm Ares Management as part of a multi-club expansion plan.
The Blues were bought by Todd Boehly and Clearlake Capital last year on the agreement the new owners would invest £1.75billion into the club.
GettyTodd Boehly is open to investment offers[/caption]
GettyJohn Terry is part of a group interested in buying a stake in Chelsea[/caption]
Boehly has already seen huge spending in the transfer market, breaking the £1bn barrier in just three windows.
Now Chelsea are set to receive a cash injection worth £400m from US-based Ares Management, report The Telegraph.
It is understood the money will be used to fund expansion projects including the redevelopment of Cobham and a new stadium, which could cost upwards of £1.5bn.
Ares are expected to make the investment as part of a preferred equity deal, which would see the company paid a percentage return on their investment.
Other firms and individuals are reported to be interested in buying shares, with one fronted by former captain John Terry – Boehly is said to be open to offers.
That means more than one deal could be reached with club sources insisting new investment will go towards new projects – not money already spent.
One project Boehly and co-owner Behdad Eghbali are keen to pursue is adding more clubs to their portfolio.
Portuguese side Sporting Lisbon has been identified as a potential feeder club for the Blues as part of plans to build a team capable of achieving 100 points in the Premier League.
FREE BETS – BEST BETTING OFFERS AND BONUSES NEW CUSTOMERS
Ares’ involvement could be key with the firm announcing it has raised almost £3bn to go towards investing in sports teams.
They have already bought shares in Atletico Madrid and Eagle Football, who bought Lyon last year – with the club now owned by John Textor, a close affiliate of Chelsea chief Eghbali.
