As always you can unsubscribe at any time. All Rights Reserved. -Behdad Eghbali; source: SporticoLive via Football.London The only thing we have to keep in mind is that none of this will happen overnight. The billionaire private equity founders behind the recent . "This acquisition is a continuation of Precisely's long history generating . Same platform but with new and improved features. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. Donald Trumps real net worth? We thought Chelsea was good beachhead, it was frankly an asset, a business that was not terribly well managed on the football side, sporting side or promotional side, so meaningful opportunity at the club and we'll get to it for us, who needed the beachhead to then look at multi clubs. More information is available at www.clearlake.com and on Twitter @Clearlake. She co-heads Clearlakes business development efforts and focuses primarily on fostering relationships with key deal intermediaries, sourcing new platform investments, and assisting portfolio companies with add-on acquisitions. Standard Digital includes access to a wealth of global news, analysis and expert opinion. How the biggest companies plan mass lay-offs, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Michelle Yeoh: Finally we are being seen, Our ski trip made me question my life choices, Apocalypse then: lessons from history in tackling climate shocks, Smart data to help spot risk and opportunity, Lex, our agenda-setting business commentary (Premium only), Due Diligence, an exclusive M&A newsletter (Premium only). It struck a high-profile deal . We looked at it and we think European sports is probably 20 years behind US sports in terms of sophistication on the commercial side, and sophistication on the data side. Behdad Eghbali cofounded Clearlake Capital in 2006 with Jose E. Feliciano. Partner Investments Number of Partner Investments 9 Jobs Number of Current Jobs 1 When we've seen it not work is when people are buying clubs largely because it's there and for sale. For more information, visit our Privacy Policy. Related by financial asset: Clearlake Capital, Related by origin of wealth: private equity, Resides in Los Angeles, CA Metropolitan Area. FC Barcelona head coach Xavi Hernandez and president Joan Laporta are not currently seeing eye to eye on the potential sale of misfit winger Raphinha this summer, according to reports. For more information, visit our Privacy Policy. Premium access for businesses and educational institutions. These are prize teams that are teetering on the edge of relegation or teams that are second division, appropriately are priced for it. Arta Tabaee, Managing Director, joined Clearlake in 2010, and he currently serves on the Board of Directors of Clearlake portfolio companies Proven Brands and Team Technologies. What relegation means for Chelsea is frankly a league that has three partners leaving and three entering each year.. Pretty incredible. Based in Santa Monica, California, Clearlake's team consists of over 80 professionals, including 35 investment professionals.1 Clearlake has been a Registered Investment Adviser with the Using a sector-focused approach, Clearlake seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlakes operational transformation approach. Behdad Eghbali, the Iranian-born manager of Clearlake Capital has recently followed in the footsteps of Elon Musk and invested in property in one of Los Angeles' most exclusive neighborhoods. It is mandatory to procure user consent prior to running these cookies on your website. Jos E. Feliciano and Behdad Eghbali, Co-Founders and Managing Partners of Clearlake, commented, We are thrilled to recognize the dedication of our team members who have not only contributed to the success of our portfolio companies but also made key contributions to the firms culture and values. The growth of Clearlakes differentiated alternative investment platform and our proprietary approach to operational improvement,O.P.S., is supported and enhanced every day by their dedication and hard work.. In May 2022, Clearlake Capital joined billionaire investor Todd Boehly to buy English soccer team Chelsea FC; the firm is known for buying software, industrial and consumer products companies. "There is support and I've spoken to them," he revealed in his pre-match Leeds press conference. Behdad Eghbali spoke at SporticoLives Invest in Sports Summit, on a panel covering Expanding International Portfolios alongside Gerry Cardinale of RedBird Capital and Ian Charles of Arctos Sports Partners, Don't miss a beat from the dawn of the Potter era - sign up for the free Chelsea newsletter. We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. I think there's a global pool of talent, for the multi club, comes into play you have clubs that can be development pathways for players where you're managing your content, labour costs much more effectively. The private equity firm is based in Santa Monica, California. Three, for an AC Milan or Chelsea it's the perfect pathway of developing talent whereby you don't have to spend crazy money on payroll. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long term capital to dynamic businesses that can benefit from Clearlakes operational improvement approach, O.P.S. The firms core target sectors are technology, industrials, and consumer. There are teams in the Premier League that spend 10% of what the top five or six teams spend on payroll. We look at some of the US sports leagues and teams and NFL, NBA, NFL is profitable but there are revenue multiples at 5,6,7, 8, 10. for $3 billion. How Scott Boras Used Baseballs No-Shift Rule To Get Pay Raises For Underachieving Clients, The Connection Between Employee Experience And Quality Customer Experience, 5 Strategies To Keep Your Fashion E-Commerce Business Competitive In 2023 And Beyond, ESG Includes An E And An S So Lets Act Like It. The firm's more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. These cookies do not store any personal information. Behdad is Co-Founder and Managing Partner at Clearlake Capital Group LP which currently has approximately $10 billion of assets under management, and its senior investment principals have led or co-led more than 100 investments. Clearlake also announced the following additions to the team: Tony La Rosa, Managing Director,O.P.S. With more than 25 years of experience, Mr. La Rosa has worked extensively with private equity owned companies in senior IT roles, including CTO positions at two Clearlake-owned businesses. Our vision as owners is clear: we want to make the fans proud," a statement read. You're not signing the 30-year-old free agent, you're signing players, keeping players, you're not subject to arbitration. You bring in the data overlay and a cohesive global structure. Clearlakes history of active leadership as value-added investors is further enhanced by the firms network of executives and operating resources within its core industries. Mr. Tabaee has been involved in several of Clearlakes industrials, technology, and consumer platforms. No collective bargaining like in US sports, passion of European fans an added complication? Chelsea owner Todd Boehly completed a 4.25bn takeover in May (Image: (Photo by Ivan Yordanov/MI News/NurPhoto via Getty Images)) Clearlake Capital's 4.25bn investment to purchase Chelsea football club has been named Deal of the Year in the Private Equity International 2022 Awards. 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Or by navigating to the user icon in the top right. The private equity firm is based in Santa Monica, California. She is involved in some of Clearlakes recent investments such as American Construction Source, FloWorks, and ProVation. For us, it was about looking at the macro. 18:00, 14 FEB 2023 Updated 18:02, 14 FEB 2023