Todd Boehly

Todd Boehly is an American businessman, investor, and philanthropist. He is the Co-founder, Chairman, Chief Executive Officer and controlling member of Eldridge Industries, a holding company[2] headquartered in Greenwich, Connecticut.[3][4][5]

Todd Boehly
NationalityAmerican
Alma materCollege of William & Mary
London School of Economics
Occupationbusinessman
investor
philanthropist
Net worth£4.72 billion (2019)[1]
TitleEldridge Industries (co-founder, chairman & CEO)
Children3

Early life and education

Boehly, whose grandparents emigrated from Germany, attended Landon School in Bethesda, Maryland, graduating in 1991.[6] He was a member of the school's wrestling team, which won I.A.C. championships in both 1990 and 1991.[7] In 2014, Landon named their facilities the Boehly Family Wrestling Room in Boehly's honor.[8]

He graduated from the College of William & Mary in 1996 with a B.B.A. He also studied at the London School of Economics.[9]

Career

Boehly spent his early career at Credit Suisse First Boston and J.H. Whitney & Company.[10][11] He joined Guggenheim Partners in 2001, where he launched the firm's credit investing business, assumed responsibilities for its asset management business, and most recently served as president.[9][10][12]

In early 2013, Boehly led a deal between Time Warner Cable and the Dodgers to create SportsNet LA, a regional network to broadcast all Dodgers’ games and Dodgers-related programming. Broadcasting from the new team-owned network began at the beginning of the 2014 baseball season.[13][14][15][16][17]

In 2015, Boehly bought some of the assets he had collected at Guggenheim, including The Hollywood Reporter, Dick Clark Productions, and Security Benefit to found Eldridge Industries, a private investment firm that specializes in providing both debt and equity capital.[6] Other than Greenwich, Eldridge also has offices in New York, London and Beverly Hills.[18][19][20]

In 2019, Todd Boehly made an attempt to buy the English football club Chelsea for $3 billion, but the current owner, Russian billionaire tycoon, Roman Abramovich, rejected the takeover bid.[21]

Boehly serves as the Chairman of Valence Media, which houses Billboard-Hollywood Reporter Media Group, Dick Clark Productions, MRC and owns a minority stake in A24.[22][23][24] He is also Chairman of Security Benefit and is a board member of Cain International.[25][26][27]

Boehly owns 20% of the Los Angeles Dodgers and is also a part owner of the Los Angeles Sparks.[28][6]

Philanthropy

Boehly helped found the Boehly Center for Excellence in Finance in 2014 at the College of William & Mary's Raymond A. Mason School of Business with his wife Katie Boehly in 2014 via a multi-year gift.[29][30] They also sponsor the yearly women's Stock Pitch and Leadership Summit at William & Mary. In 2020 Boehly and Katie committed funding to the construction of a new athletic complex and sports performance center at the college.[31]

He is also on the boards of Finding a Cure for Epilepsy and Seizures (FACES) and the Brunswick School, and is involved with the Prostate Cancer Foundation and the Dave Thomas Foundation for Adoption.[11][30][27]

References

  1. https://www.sportskeeda.com/football/la-dodgers-owner-todd-boehly-makes-a-monstrous-3b-takeover-bid-for-chelsea
  2. "Eldridge Business Services LLC". www.bloomberg.com. Retrieved 2020-06-02.
  3. "Todd Boehly". Bloomberg L.P. Retrieved September 3, 2018.
  4. "Todd Boehly Owner". Los Angeles Dodgers. Retrieved September 3, 2018.
  5. Lauren K. Ohnesorge (July 23, 2018). "Durham tech outfit raises $50M, seeks to disrupt construction industry". Triangle Business Journal.
  6. "Former Guggenheim President Todd Boehly Is Growing His Investment Empire, From the Dodgers to Collateralized Loans". Barron's. April 12, 2019.
  7. "Championships - Landon School | Private School in Washington, D.C., Area". www.landon.net. Retrieved 2020-06-02.
  8. "Wrestling room dedicated to Todd Boehly '91". Landon School. May 20, 2014.
  9. "LA 500: Todd Boehly". Los Angeles Business Journal. August 14, 2017.
  10. Todd Spangler (March 26, 2015). "Guggenheim Partners Says President Todd Boehly Is Exploring Forming His Own Company". Variety.
  11. Dan Duray (June 24, 2013). "Todd Boehly and Alexander Nemerov Join Guggenheim Foundation Board". Observer.
  12. Scott Austin (March 28, 2012). "Who Are the New Dodgers Owners?". The Wall Street Journal.
  13. Finke, Nikki (2012-11-25). "EXCLUSIVE: Fox Closing In On Dodgers' TV Rights; 'We're Out' If Not Done By Nov. 30". Deadline. Retrieved 2020-10-01.
  14. Shaikin, Bill (2013-01-28). "Dodgers officially announce deal with Time Warner Cable". Los Angeles Times. Retrieved 2020-10-01.
  15. Wells, Adam. "Dodgers Announce New TV Network SportsNet LA Starting in 2014 Season". Bleacher Report. Retrieved 2020-10-01.
  16. Ozanian, Mike. "Dodgers Exploring TV Deal With Dick Clark Productions". Forbes. Retrieved 2020-10-01.
  17. Shaikin, Bill (2016-11-27). "After $1 billion in player spending, Dodgers under MLB mandate to cut debt". Los Angeles Times. Retrieved 2020-10-01.
  18. "Eldridge Industries". Crunchbase. Retrieved September 6, 2018.
  19. Kristy Westgard (June 21, 2018). "'Retail Apocalypse' Didn't Scare This Landlord Off an IPO". Bloomberg L.P.
  20. "Eldridge Industries LLC". Bloomberg L.P. September 4, 2018.
  21. Castro, Erwin (2019-12-12). "LA Dodgers Owner Todd Boehly Makes a Monstrous $3B Takeover Bid for Chelsea". www.sportskeeda.com. Retrieved 2020-08-25.
  22. Ryan Faughder (February 1, 2018). "'House of Cards' producer MRC merges with Dick Clark Productions and Hollywood Reporter publisher". Los Angeles Times.
  23. Tony Maglio (February 1, 2018). "THR to Combine With Dick Clark Productions, 'House of Cards' Studio in New Todd Boehly Banner". TheWrap.
  24. "Billboard Boss John Amato Exits". Music Business Worldwide. July 11, 2018.
  25. Michael Neibauer (September 6, 2017). "Here's when the mega Springfield indoor sports complex will open, plus a first look inside". Washington Business Journal.
  26. I-Chun Chen (April 27, 2018). "Fast-Food Roundup: Pizza Hut Museum…. Papa John's tests beer delivery... Restaurant survey reveals some surprises". Los Angeles Business Journal.
  27. "Todd Boehly". Milken Institute. May 22, 2019.
  28. Melissa Rohlin (February 4, 2014). "Fast-Food Roundup: Pizza Hut Museum…. Papa John's tests beer delivery... Restaurant survey reveals some surprises". Los Angeles Times.
  29. "About Us & Our History". Mason School of Business. Retrieved September 3, 2018.
  30. "W&M receives gift to fund new finance center in Business School". College of William & Mary. November 13, 2014.
  31. "W&M announces Kaplan Arena revitalization and new Sports Performance Center". advancement.wm.edu. Retrieved 2020-06-02.
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