REVEALED: Newcastle’s Saudi owners Public Investment Fund are major investors in Chelsea’s new majority shareholder Clearlake Capital… as the Blues insist the group had no involvement in their £4.25bn takeover
- Saudi Arabia’s Public Investment Fund purchased Newcastle for £350m in 2021
- They have also invested billions in assets managed by Clearlake Capital
- Clearlake bought 60 per cent of Chelsea in the club’s £4.25 billion takeover
- Chelsea insist there was no Saudi involvement in Clearlake’s purchase
Newcastle United’s Saudi owners are also major investors in Chelsea’s new majority shareholder, Clearlake Capital.
In a revelation that will raise questions over the transparency of the world’s most expensive sports sale, Sportsmail can disclose that Saudi Arabia’s Public Investment Fund [PIF] have billions of pounds of assets managed by Clearlake, who bought 60 per cent of Chelsea in a £4.25billion takeover this summer.
Chelsea sources insist that there was no Saudi involvement in Clearlake’s purchase of the club, thus alleviating concerns over any potential conflicts of interest.
The disclosure will raise further questions over the source of Clearlake’s funding however, as well as highlighting a lack of transparency regarding an extraordinary takeover that was triggered by Roman Abramovich being sanctioned by the government following Russia’s invasion of Ukraine.
Clearlake committed at least £2.55bn to Chelsea in a takeover led by LA Dodgers owner Todd Boehly, who also bought a stake in the club along with his business partner Mark Walter and Swiss entrepreneur Hansjorg Wyss.
The American-based private equity firm manage around £60bn of assets on behalf of around 300 investors globally, including significant investment…
Source : dailymail
