Chelsea owner Todd Boehly in contention to buy stake in Sporting

He took over Chelsea’s ownership in May last year

After Todd Boehly’s takeover of Chelsea in May last year, the Blues have not shied away from spending money in order to fulfil their silverware aspirations. The recently concluded transfer window saw the new ownership break the 1 billion pound threshold in transfer fees.

Chelsea’s strategy seems to be spending unrestrained money in order to acquire the most exciting young talents in the world, talents who can serve at Stamford Bridge for long.

However, just because the transfer window closed on 1st September, it does mean that the Blues will have to wait till it reopens in January to spend money. It is being reported that the American businessman is in contention to acquire a minority stake in Sporting CP.

The team is one of the most widely followed teams in Portugal's top division and is associated with being the original clubs of legends like Luis Figo and Cristiano Ronaldo.

The deal is likely to go through. Boehly’s plan seems to be to create a multi-club business model, with Chelsea at its heart. It seems to be inspired by Manchester City run by the City football group.

Boehly has already acquired Strasbourg in the Ligue 1 in France and is en route to acquire Sporting CP.  Both of these acquisitions are not mutually unrelated, as both of these teams are known to have strong youth programs and academies.

Chelsea have spent big money on players who are under 25, with the most recent examples being Romeo Lavia and Moises Caicedo, with Caicedo currently being the most expensive transfer in English football history.

However, Boehly’s money-centric approach is yet to yield results on the field as Chelsea sit 12th on the Premier League table with just 1 win in 4 games, and two losses.