Todd Boehly and Chelsea ‘close to £400m boost’ after ‘meeting with investors’

Chelsea are reportedly close to agreeing a $500million (£400m) investment from US firm Ares Management.

The Blues are said to have met with various potential investors as they look to raise funds for ‘further growth projects’, amid redevelopment of Stamford Bridge and even a potential relocation previously suggested.

Todd Boehly’s spending in the transfer market at Chelsea has eclipsed £1billion in less than 18 months since they took over last May, but it’s understood that both Boehly and the club insist there are no short-term cashflow issues that could concern with Financial Fair Play regulations.

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It’s reported by ESPN that money from new investors is expected to form part of a fund designed to help the club in their plans to either rebuild or move away from the Bridge, funds are also said to be spent improving their Cobham training ground.

There is also a willingness from Boehly and fellow consortium investors Clearlake Capital to set up a multiclub model such as Manchester City’s City Group that have Palermo and Girona under their umbrella, as well as clubs in the US, Japan and Australia.

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It’s believed that Portuguese giants Sporting Lisbon are one club viewed as a ‘prime candidate’ to form a partnership deal with in a multiclub network model. But it’s unknown how high of a priority a club network is seen as compared to renovating their home in West London.

Former Chelsea director Mike Forde now works as an advisor for touted investors Ares and he’s reportedly played a key role in the company’s possible investment in Chelsea.

In July, the Blues took a significant step towards staying and renovating Stamford Bridge after they agreed a deal worth £50m to buy a residential building adjacent to the stadium in the hope of expanding the Bridge’s current 40,341 capacity – making it just the 9th biggest stadium in the top flight.

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