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Chelsea Owners 'Looking' To Add To €1 Billion Spending Spree

Chelsea Owners 'Looking' To Add To €1 Billion Spending Spree

Chelsea's owners are reportedly actively looking to add to their recent €1 billion spending spree by attaining even more funds to make further investment in the club.

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Since taking over in 2022, the American consortium led by Todd Boehly has spent an astronomical amount on player acquisitions.

Over the course of the three transfer windows that they have been at the helm, they have spent just over €1 billion (R19.9 billion), and they are seemingly not looking to stop any time soon.

According to Bloomberg, Boehly and his fellow executives are looking at the possibility of lending a further £250 million (R5.7 billion) to support their ongoing investment in the club.

This is said to be aimed at bringing in more players, as well as aid their aspirations of redeveloping Stamford Bridge.

The same report claims that the two-time European champions have £800 million (R18.4 billion) in loans in place, and have an option to extend their borrowing capacity all the way to £1.05 billion (R24.2 billion).

It is claimed prospective investors were invited to the club's most recent Premier League match against Aston Villa as they look to add to the recently acquired £500 million (R11.5 billion) they received from Ares Management Corp.

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Despite the already hefty financing from Chelsea's majority owner Clearlake Capital, Boehly and his partners are yet to see any real tangible yield in their investment as the Blues suffered their worst-ever Premier League finish in 29 years last season, while they are currently languishing in 14th position in the current EPL campaign.

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