Chelsea get funding boost

Chelsea has raised about $500m in fresh investment from Ares Management, the US alternative asset manager: https://www.aresmgmt.com/

Revenue has been constrained by the failure to find a front of shirt sponsor that would normally bring in tens of millions of pounds a year. The club needs to raise money either to redevelop Stamford Bridge or to build a new stadium at Earls Court. It is also thinking of acquiring Sporting Lisbon as it seeks to build a global network of clubs.

Ares already has football interests including in Atletico Madrid and Eagle Football, the group that acquired Olympique Lyonnais last year.

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The Political Economy of Football V2

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