Serena Williams’ Unsuccessful Bid To Co-Own ChelseaBy Peter C
Serena Williams, the legendary tennis player, was part of a group of investors that made a bid to purchase Chelsea Football Club from Russian billionaire Roman Abramovich. The bid also included F1 racing champion Sir Lewis Hamilton.
Williams and Hamilton were said to be planning to invest £10 million each into the bid.
However, it was recently announced that the bid led by Sir Martin Broughton, which Williams and Hamilton were a part of, was unsuccessful in acquiring the Premier League club. The club was sold to US-based businessman Todd Boehly, who heads the private investment firm Eldridge Industries.
Although Williams’ bid was unsuccessful, her involvement in the effort to purchase the club highlights her passion for soccer and her continued interest in investing in sports. Williams is already a co-owner of the US women’s soccer club Angel City and heads her own venture capital firm, Serena Ventures.
Chelsea has been under Abramovich’s ownership for almost two decades, but the recent UK government sanctions against Russia and Russian billionaires compelled him to sell the club. The sale to Boehly’s Eldridge Industries is subject to Premier League approval, but the transaction is expected to go through.
While Williams was unsuccessful in her bid to co-own Chelsea Football Club, her involvement in the process showcases her ongoing commitment to investing in sports and her desire to expand her portfolio beyond tennis. It will be interesting to see where the legendary athlete’s investment efforts will take her in the future.