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Clearlake Capital

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sports2 years ago

Saudi Arabia's Growing Influence on Chelsea's Players.

Speculation has arisen that Chelsea may be "cheating" football's financial fair play rules by selling their surplus stars for inflated fees to Public Investment Fund (PIF)-controlled Saudi Pro League clubs, which has invested with Chelsea's majority owner Clearlake Capital. PIF has recently bought majority stakes in the four biggest clubs in the Saudi Pro League, as well as pouring millions into other sports-related projects. Chelsea have declared their ultimate owners, but questions remain about whose money Clearlake is actually investing, which is where the questions about PIF come in.