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Topics: Chelsea, Football, Celebrity Net Worth, Money, Business
Jen Thomas
Topics: Chelsea, Football, Celebrity Net Worth, Money, Business
Ted Boehly is an American businessman and investor who bought Chelsea F.C, but how successful is he? Be warned, if you’re watching the pennies and existing on beans on toast this week, you might be about to turn green with envy at the following figure…
Brace yourself, as Ted Boehly is reported to be worth a frankly obscene $5.3 BILLION.
No, that isn’t a typo, $5.3 billion.
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The businessman graduated from the College of William & Mary with a B.B.A in Finance back in 1996.
He also went on to study at the London School of Economics.
After graduating, he joined Citibank and CS First in Boston and then moved on to Guggenheim Partners in 2001.
He went on to purchase the The Hollywood Reporter magazine and Dick Clark Productions. In 2015 he founded a private investment company called Eldridge partners.
As well as his £4.25 billion Chelsea acquisition as part of a consortium, Boehly also owns 20% of the LA Dodgers baseball team, in addition to a huge 27% stake in the LA Lakers.
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His income isn’t quite as high as former Chelsea owner Abramovich, who clocks in at $8.8 billion.
Boehly spoke about his passion for sport: at the Milken Institute Global Conference in LA: “There’s nothing like sports to excite passion. And if you have passion, then you have people who care about things.
“And if you have people who care about things, you have great opportunity. And really, it’s about curating that experience, that access, that opportunity.
“For example, we’ll have four million people coming out to Dodger Stadium this year. So, our goal is to give them the best possible experience. We still have the most affordable tickets in the league basically, for a stadium that’s full regularly.
“In some sports like the NFL, they share all the media money. In baseball, you’re really a derivative of your local market.
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“The Premier League’s similar. If you look at the way it works, to be one of the big brands, you have a structural advantage. And for us, we’re always looking for structural advantages.”