Clearlake Capital's £4.25bn investment to purchase Chelsea football club has been named Deal of the Year in the Private Equity International 2022 Awards.
The deal, led by U.S billionaire Todd Boehly and the private equity firm, was completed at the end of May after two months of uncertainty. Roman Abramovich had put the club up for sale after being sanctioned over alleged links to Russian president Vladimir Putin after his country's attack on Ukraine.
It is said that the consortium fended off competition from 11 serious rivals to acquire the club. Since the deal was completed, Chelsea have spent £600million in the past two transfer windows, replaced Thomas Tuchel with Graham Potter and reinstated plans to develop Stamford Bridge.
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"We are honoured to become the new custodians of Chelsea Football Club. We're all in - 100% - every minute of every match. Our vision as owners is clear: we want to make the fans proud," a statement read.
"Our vision as owners is clear: We want to make the fans proud. Along with our commitment to developing the youth squad and acquiring the best talent, our plan of action is to invest in the club for the long-term and build on Chelsea's remarkable history of success."
Nearly ten months since arriving at the club, the deal has been awarded Deal of the Year in the PEI 2022 Awards. The award, which is focused on consortiums in Europe, the Middle East and Africa, was given this week, confirmed by the Clearlake Capital Group on Twitter.
They wrote: "Clearlake is proud to announce that our investments in Chelsea was awarded Deal of the Year in EMEA in the PEI 2022 Awards."
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