Todd Boehly and Chelsea are in a strong position when it comes to their multi-club plan after the initial Santos setback with a certain Portuguese club now likely first aim for the new ownership group.
The Blues' new owners are keen to make their mark on English football, not just in the transfer market where they spent around £270million in their first summer on new recruits, but also off the pitch too..
Boehly and his team are keen to establish a footballing empire, just like the City Football Group have done, to benefit Chelsea with player and staff development abroad.
He confirmed this plan at a recent SALT conference: “We’ve talked about having a multi-club model.
READ MORE: Todd Boehly plots double RB Leipzig raid to secure Chelsea transfer foundation for Graham Potter
“I would love to continue to build out the footprint. There are different countries where there are advantages to having a club. Red Bull does a good job. Manchester City has a big network of clubs.
“Our goal is to ensure pathways for our young stars to get on to the Chelsea pitch while getting them real game time. To do that is through another club in a really competitive league in Europe.”
Since this conference, the part-LA Dodgers owner has wasted no time as he not only has taken inspiration from Man City but also the Red Bull Group too with a double RB Leipzig swoop in the making showing the intent to create a similar identity.
It has been reported that Brazilian club Santos have pushed back an offer whilst the same can be said for French giants Lyon. On a more positive scope, talks about purchasing Portuguese side Portimonense are progressing well, according to the Evening Standard.
When the news officially broke, it became apparent that Blues fans on social media were most keen for Brazilian side Santos to become part of this new empire, maybe because of wonderkid Endrick and other talents the Serie A side continues to mould and develop into world superstars.
It is unknown whether or not the American ownership group will make a new offer for Santos but they should be encouraged by the fall in the pound since the mini-budget was announced by UK chancellor Kwasi Kwarteng, who is part of Liz Truss' new Conservative Government.
Currently, 0.90 Pound Sterling equates to one US dollar meaning the investment opportunities not only in England but within Europe and the rest of the world could be great for millionaires and billionaires like Boehly and others to pounce on this uncertainty.
“The pound has been crushed by multiple factors, but the most recent one has been a complete disillusionment with the mini-budget that was announced on Friday,” Craig Erlam, a senior market analyst at currency traders OANDA, said to The Athletic.
“They (US investors) will firstly see the strength of the dollar and they will be looking at various sports teams across Europe and looking to take advantage of multiple opportunities.
“We are talking about the US dollar trading at historic highs, so by that very definition, you would think this isn’t sustainable in the long term and this is, therefore, an opportunity because of the currency value.”
AFC Bournemouth are close to being taken over by an American firm but despite these predictions, high-interest rates and the fact that this drop in the GBP is expected to be temporary may mean that some US investors will consider the long-term impacts of whatever decision is made with taking over football clubs in the forthcoming future. Currently, Boehly and others can be encouraged by what is happening in the United Kingdom.
“On the other side, you also have buyers worried about Todd Boehly’s recent remarks that Chelsea are going to aggressively move forward with a multi-club strategy, so they need to act quickly as well,” Managing Partner at football analytics firm Retexo Christian Nourry added.
Chelsea fans - With Todd Boehly in a strong position, are there any clubs, in particular, you want to see him trying to buy to become part of this new multi-club model plan? Leave your thoughts in the comments section below!
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