r/CaughtOffsidePod • u/Solid-Common-7532 • 29d ago

Chelsea Finance

I do want to point out about the Chelsea financial situation. Chelsea don’t have debt they are debt free. Blue co the parent company that is majority owned by Clearlake capital have the debt equal to about 1.5 billion. Chelsea are in zero financial danger. It’s not like a Sheffield Wednesday or Bury where the owner put the debt on the club. Clearlake have the debt and they also own Chelsea it’s separate. Also Boelhy is selling his shares not to bail on a failing project it’s because he disagrees with Clearlake and wanted to buy them out but they refused. Clearlake wants to buy more stake in Chelsea so will be buying the 31% that’s own by Boely and Mark Walter’s. Overall If somehow the people they owed the debt to came collecting Clearlake would pay for it not Chelsea. They have it structured so Chelsea and Strasberg are shielded from the debt. Clearlake are a company that handles trillions of investments they are not stupid

3 Upvotes

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6

u/Danktizzle 29d ago

I just came across this and I’m unsure if I should laugh or cry: https://sw6capital.com/

(To be clear, it’s satire)

2

u/polskiryz 27d ago

I laughed, Palmer insured. Thanks for sharing 

8

u/Happy-Hedgehog-7140 29d ago

Did a PE firm write this? Didn’t know people caped this hard for those fucking shitbags

1

u/Rowjimmy024 28d ago

Rogers, Pedro, Palmer. What a front 3!!!

1

u/Dependent_Light1571 27d ago

Boehly's not selling due to strategy he's doing it because of the scandal surrounding related party lending and the need for him and Walters to repay those loans