Chelsea's holding company's £1bn-plus 'debt' - and why it's unlikely to cause problems

Chelsea's holding company's £1bn-plus 'debt' - and why it's unlikely to cause problems
Clearlake Capital and Todd Boehly, the Chelsea FC owners, have borrowed over £1 billion to fund player acquisitions since buying the club for £2.3 billion. The financial strategy includes a revolving credit facility and redeemable preferred equity agreement to meet profitability rules.