More than a game: Chelsea's multi-billion pound price tag
This week saw the sale of one of the world’s most coveted assets. And it wasn’t a billion dollar tech unicorn, or a one of a kind Picasso, a Stradivarius violin, or even a super yacht. It was a football club. Not just any football club - one of the Big 6 clubs of the English Premier League - Chelsea - which finally sold, after being seized from its Russian owner - Roman Abramovich. The battle to bid for the club was fierce. A queue of billionaires, along with some of the best money managers and investment firms in the world were all clamouring for ownership. But a deal has finally been approved this week - won by a consortium of owners led by American Todd Boehly. The UK Government has accepted an offer of 4.25 billion pounds. Sascha and Darcy chat about why there was such fierce competition for this bid, the investment case for sports teams and how us, as retail investors, could get involved
28 May
