December 27, (THEWILL) – Chelsea’s new ownership group BlueCo, are said to be exploring investing in an Argentinian football club, according to claims from the country’s president, Javier Milei. A proposed law change in Argentina would allow clubs to operate as public limited companies with shares that can be sold to external investors.
President Milei has publicly stated that “many investments are waiting and international football clubs want to invest in Argentina”. He specified that Chelsea, “were interested in investing in Argentina”, as soon as the proposed legal change was announced. The BlueCo, led by Todd Boehly and Behdad Eghbali, have already begun a strategy of acquiring clubs, such as French side Strasbourg, to build a network.
The plan to allow external ownership has not been finalised and would need approval from The Argentinian Football Association. Their current regulations prohibit ownership by entities outside the club itself. Investment of over $1 billion is estimated by Milei.
Chelsea has been scouting the South American continent extensively and has already acquired players like; Andrey Santos and Angelo. Ecuador’s Kendry Paez has a pre-agreement to join in 2025. Young talents from Argentina, like; Valentin Barco, are also on Chelsea’s wish list. Over in Brazil, players from Palmeiras, like; Estevao and Luis Guilherme are also attracting interest.
If the proposed law changes go through, Chelsea seems poised as an early external investor given the claim from Milei and their existing strategy in and around Europe with Strasbourg. The growth possibilities in South America seem to have attracted their attention as the rebuild under BlueCo ownership takes shape.
About the Author
Jude Obafemi is a versatile senior Correspondent at THEWILL Newspapers, excelling in sourcing, researching, and delivering sports news stories for both print and digital publications.
