City Clearlake Financial News

Wealth management technology company InvestCloud is rebuilding its executive leadership team after a spring shakeup.

English Premier League clubs again flexed their financial muscles by spending about $2.6 billion in the summer transfer window that closed Friday for Europe’s five big domestic leagues. And once again Chelsea was first in line with an outlay of $290 million as owners Todd Boehly and Clearlake Capital continue to look for a winning combination at Stamford Bridge. The Saudi Pro League's window remains open for a few more days — enough time for more deals like the one announced early Saturday that will see striker Ivan Toney join Al-Ahli. The Saudi club agreed to pay Brentford a transfer fee reported to be $52 million.

Chelsea under their American investors will be a fascinating case study about running a soccer club. Because no one in England or beyond has ever seen anything like what has been happening at Stamford Bridge over the last two years. Just take this in: Chelsea has spent nearly $1.3 billion on 39 players across five transfer windows since a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly and Clearlake Capital bought the Premier League club from its long-time owner, Russian oligarch Roman Abramovich, for $3.2 billion in May 2022. Throw in the club having four different full-time managers in this period — plus another coach on a temporary basis — and the revolving door at Chelsea, a six-time English champion and two-time European champion, simply hasn't stopped spinning.

Stocks that traded heavily or had substantial price changes on Monday: M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall

Chelsea has announced pre-tax losses of 90.1 million pounds in its first year under U.S. owners Todd Boehly and Clearlake Capital

The sale of Manchester United has been a drawn out affair

Premier League team Everton will be bought by American private investment firm 777 Partners

Not many decisions by private equity bosses get the full glare of media spotlight, but one today certainly did.