Chelsea Owners Inject £190m to Fund Multi-Club Expansion Under BlueCo Model
Chelsea’s owners have reportedly provided a significant cash boost of nearly £200 million, as revealed in a recent report. This investment is part of their broader vision to establish a multi-club model, similar to the City Football Group with Manchester City and the Red Bull Group, with Chelsea as the flagship club.
The owners recently launched a new entity called BlueCo, designed to unite multiple clubs under one umbrella. Currently, they own Chelsea and French club Strasbourg, but there are plans to expand by adding more clubs to the network in the future.
According to sources from Football Insider, Chelsea received a £190 million cash injection from their owners through a new share issue. The club’s parent company, 22 Holdco Limited, issued 19 million shares, as detailed in a House of Representatives report released on October 13. The shares were divided into 12.5 million Class A common stock shares and 6.5 million Class B common stock shares, each valued at £10, resulting in a total investment of £190 million.
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Additionally, another filing from Chelsea’s parent company, BlueCo 22 Limited, indicated that 2,000 shares had been issued for £95,000. This suggests that the £190 million raised by Holdco was subsequently transferred to BlueCo, emphasizing the owners’ commitment to building a larger football empire.
Chelsea Owners Inject £190m to Fund Multi-Club Expansion Under BlueCo Model
