Chelsea Football Club’s new owners have raised £800m in debt to reshape the London club.
The financing arrangements consist of a circa £300m revolving credit facility and a £500m term loan, according to people with direct knowledge of the matter, eclipsing the $650m raised by Manchester City’s parent company last July.
US financier Todd Boehly and private investment firm Clearlake Capital acquired Chelsea for £2.5bn in May. They also committed to invest a further £1.75bn in the club, with plans to redevelop the Stamford Bridge stadium.
The term loan will form part of Boehly and Clearlake’s £1.75bn commitment to Chelsea, while the revolving credit facility is for working capital purposes. The investment pledge was critical to meeting the terms set by Roman Abramovich, who put Chelsea up for sale after Russia invaded Ukraine.
