Chelsea is nearing an agreement with U.S. firm Ares Management for a substantial $500 million investment aimed at supporting the club’s ambitious expansion plans, including the construction of a new stadium, according to sources familiar with the matter, as reported by ESPN.
In their quest to secure funds for various growth initiatives, Chelsea has engaged with several potential investors, and it appears that Ares, an alternative asset management company, is edging closer to a deal to inject capital into the club.
Chelsea’s spending on transfers has surpassed £1 billion ($1.23 billion) since Todd Boehly and Clearlake Capital completed their takeover of the club in May.
Sources close to both the ownership and the club have consistently stated that there are no immediate cash flow issues or concerns regarding compliance with UEFA’s financial fair play regulations.
The newly acquired funds are expected to play a pivotal role in supporting the club’s endeavours, such as potential stadium redevelopment or relocation from Stamford Bridge, as well as enhancing their Cobham training facility.
Furthermore, the investment will facilitate the pursuit of a multi-club model, which both Boehly and Clearlake deem vital for future growth.
Sources have indicated that Sporting CP, a Portuguese club, is considered a prime candidate to be part of the envisioned multi-club model.
When contacted by ESPN, Ares, Chelsea, and representatives for Boehly declined to provide any comments on the matter.