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Newcastle owners, major investors in Chelsea? – Sporting Life

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Newcastle investors pillars of Chelsea

 

Newcastle United’s Saudi owners are also major investors in Chelsea’s new majority shareholder, Clearlake Capital.

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In a revelation that will raise questions over the transparency of the world’s most expensive sports sale, Sportsmail can disclose that Saudi Arabia’s Public Investment Fund [PIF] have billions of pounds of assets managed by Clearlake, who bought 60 per cent of Chelsea in a £4.25billion takeover this summer.

Chelsea .s insist that t. was no Saudi involvement in Clearlake’s purchase of the club, thus alleviating concerns over any potential conflicts of interest.

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The disclosure will raise further questions over the . of Clearlake’s funding however, as well as highlighting a lack of transparency regarding an extraordinary takeover that was triggered by Roman Abramovich being sanctioned by the government following Russia’s invasion of Ukraine.

READ ALSO EPL: Boehly dreams Chelsea success after sealing takeover

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Clearlake committed at least £2.55bn to Chelsea in a takeover led by LA Dodgers owner Todd Boehly, who also bought a stake in the club along with his business partner Mark Walter and Swiss entrepreneur Hansjorg Wyss.

The American-based private equity firm manage around £60bn of assets on behalf of around 300 investors globally, including significant investment from PIF, who paid £350million to buy Newcastle from Mike Ashley last year. PIF invest in several private equity firms in addition to Clearlake, a diverse fund in which none of the shareholders own more than five per cent.

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