Sports clubs no longer a family affair, strictly business only

In May, Todd Boehly became the latest American billionaire to buy a Premier League club when he headed up a consortium to seal a £4.25 billion ($5.3 billion) purchase of Chelsea.

Sports clubs no longer a family affair, strictly business only

By: NewVision Reporter, Journalist @NewVision

Time was when sports teams and franchises were largely family enterprises, but now it is investment funds and consortiums buying them despite a downturn in the global economy.

In May, Todd

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Chelsea

Sports clubs no longer a family affair, strictly business only

In May, Todd Boehly became the latest American billionaire to buy a Premier League club when he headed up a consortium to seal a £4.25 billion ($5.3 billion) purchase of Chelsea.

Sports clubs no longer a family affair, strictly business only

Tags:

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