Chelsea’s ownership are looking to buy a club in Argentina and further branch out as they look to copy the City Group model of connected football clubs.
That’s according to the President of Argentina Javier Milei, whose planned reforms in the country can open the door to the potential investment.
AS cover comments from the Argentinian president today in an interview with La Nación+ as he sets about reforming various areas of the country, including its football clubs.
Milei has only been in power for a few weeks but has already set his sights on football, where he plans to change the law to allow Argentine football clubs to be publicly limited companies.
He’s been defending that measure and, in the process, revealed that Chelsea and their ownership are interested in investing in the country.
“There is not only one issue… First because there are many investments waiting,” he is quoted as saying.
“There are many international football clubs that want to invest in Argentina. It goes without saying that Argentina is a cradle of stars. So, there is a lot of business to be done with the Argentine case.
“Suddenly, in a very short period of time, it could be representing investments of more than a billion dollars.
“In this context, where we are adjusting and need a quick response… In fact, as soon as the decree came out, Chelsea became interested in investing in Argentina. And then it has other types of issues, which make up the debate.”
Those in charge at Stamford Bridge have not been hesitant with spending their money since buying Chelsea, not only buying players but also investing in other clubs.
Earlier this year they purchased French side Strasbourg, and the plan is to keep adding and ‘imitate the business model’ put in place by the City Group.
It is that which is seemingly leading them to look in Argentina, with Milei’s reforms opening the door to potential investment.
