Premier League giants Chelsea are in line for a boost worth $500m from US-based investment firm Ares to help fund expansion plans on their home ground Stamford Bridge.
The news was broken by The Daily Telegraph’s Matt Law who confirmed that the Blues have agreed to a deal with the US-based asset manager after an expensive transfer window in West London.
— Matt Law (@Matt_Law_DT) September 20, 2023
Chelsea raise $500m to improve stadium
Ares and Chelsea owner Todd Boehly declined to comment when asked about the deal. The US-based consortium has shown interest in European football before, investing in La Liga giants Atletico Madrid and Eagle Football, the consortium that acquired French club Marseille last year.
According to the company website, Ares “works to pursue investment activities in leveraged loans, high yield bonds, private debt, private equity and other types of investments”.
The news is understood to have alerted the attention of Chelsea legend and ex-captain John Terry, who is thought to be the figurehead of a consortium interested in buying a share of the club.