Chelsea raise $500m, two things they plan to spend it on revealed (not players)

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Chelsea raise $500m, two things they plan to spend it on revealed (not players)

The Financial Times report that Chelsea have raised $500m (£403.1) in 'fresh investment' through private equity firm Ares.

The Blues understand the need to generate revenue after three transfer windows in which they spent over £1bn on new players.

However, the new investment is not going to be used to buy new players. It will be split in two parts: one would go towards the stadium and another for buying new clubs in a multi-club model.

Chelsea are still considering whether they would rebuild Stamford Bridge or build an entirely new stadium at Earl’s Court. The current 40,000-seater stadium does not generate enough money, the club believes.

Speaking of the multi-club model, Boehly & Co. have previously bought a majority stake in French side Strasbourg and have been linked with taking over Sporting Lisbon.

AuthorAleksei BlokhinSourceFinancial Times
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