Original 21

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Everything posted by Original 21

  1. Chelsea 0 Liverpool 0 (5 - 6 on penalties)

    Okay. So this isn’t them pulling a “sickie” because they weren’t named in the starting line up? Heard that Christensen gets stomach cramps before games brought on by nerves. Can’t blame him for that. Was just a bit curious that Werner and Havertz both developed hamstring issues on the day of the game. Especially as Kante and Kovacic both played while being unfit. Kovacic was playing with a badly swollen ankle by some accounts and must’ve had painkilling injections. Kante hasn’t been fully fit for a while and clearly Tuchel uses him sparingly. Been a bad season injury-wise. So many players out for long periods. Has anyone seen CHO lately? He just dropped off the radar.
  2. Chelsea 0 Liverpool 0 (5 - 6 on penalties)

    What’s this I’m reading about Werner and Havertz both getting tight hamstrings in the warm up before yesterday’s match and ruling themselves out of the game? Is this after the team was named? Bloody hell.
  3. Chelsea 0 Liverpool 0 (5 - 6 on penalties)

    A thing I noticed is the attitude of the two goalkeepers yesterday when in possession. When Mendy takes the ball he rarely looks to use it to start a quick counterattack. Instead he waits a long while for everyone to get into position. Both teams. Then taps the ball a couple of yards to one of our central defenders. When Allison gets the ball, he instantly looks to play the ball out for a quick throw, often to a midfielder or wing back, with the ball being played ahead of several of our attackers/midfielders who are then all caught up the pitch. Several times with Mendy in recent games I’ve been yelling at the screen, just get rid of it. He very rarely does. This is clearly a deliberate tactic.
  4. Chelsea 0 Liverpool 0 (5 - 6 on penalties)

    Okay. So Werner was injured some are saying, which explains why he didn’t come on. Whether he’d have been a decisive influence is a moot point. It was worse luck to lose Havertz as well. Tuchel’s options were limited on the attacking front once Lukaku and Pulisic had run themselves into the ground. Otherwise we might have made more of Liverpool also losing key players in extra time. In the end, we cancelled each other out. Both sides had chances to win the game. They hit the woodwork. Pulisic wasn’t clinical enough. It could’ve gone either way. They held their nerve in the penalty shoot out. We didn’t. That was the difference. Think we have to be very smart about who we bring in to strengthen the squad. Our defence needs a total revamp. Are we really going to lose Azpi and Alonso as well as Rudiger and Christensen? Our midfield needs fixing too. Kante doesn’t look like the player he once was. Jorginho seems to want to leave. Gallagher will take up one spot. Then what to do about Lukaku? Going to be an interesting summer…
  5. Chelsea 0 Liverpool 0 (5 - 6 on penalties)

    Disappointing to lose in a shoot out again. More disappointing that it had to get to a shoot out in the first place. Have no idea what Tuchel was playing at in extra time. Pulisic stayed on far too long. And then he takes off Lukaku and doesn’t bring on a striker? What was that about? At least give us a chance. Liverpool had the spine of their team off the pitch and Tuchel brings on Azpi and Loftus Cheek. Why didn’t he go for it? Bring on Werner at least. Was Tuchel just content for the game to get to penalties? It looked that way to me. Tuchel is in real danger of overthinking things at times. Oh and we need some finishers in the side. Pulisic was the main culprit but he wasn’t the only one.
  6. Transfer Talk Topic

    Strange. So we’re allowed to make transfer deals as long as the paperwork is formalised after the takeover is complete?
  7. Leeds United 0 Chelsea 3

    He is staggeringly good. One of the best players I have ever seen. And he’s only just getting started.
  8. Leeds United 0 Chelsea 3

    That was a much better performance, admittedly against a poor Leeds side. Won’t be missed if they go down. Jorginho, James, Mount were very good. Lukaku looks like he’s getting his confidence back. Defence were focused. Only Alonso let standards drop as he kept giving the ball away. Loftus Cheek played well when he came on for Kovacic. The red was deserved for a vicious challenge. Shame as he’ll be missed on Saturday if he’s out of the game. Really important win though as it all but seals a top four place.
  9. Leeds United 0 Chelsea 3

    Who’s going to play left back now?
  10. Paywall removed: When US private equity group Carlyle was working to buy debt manager CBAM earlier this year, it was locked in a bidding war with an unheralded US-based buyout group named Clearlake Capital. Though Clearlake flinched at the $787mn price, leaving Carlyle to win the auction, it led to a far bigger prize. During the negotiations, Clearlake’s two billionaire co-founders, José E. Feliciano and Behdad Eghbali, grew close to Todd Boehly, the founder of Eldridge Industries, which owns CBAM and scores of other businesses including a stake in the Los Angeles Dodgers baseball team. Boehly and Clearlake on Friday agreed to buy English Premier League side Chelsea FC for more than £4.25bn, prevailing in a fiercely contested battle for one of the biggest sports deals ever. While Boehly led the group, which includes Swiss billionaire Hansjörg Wyss, Guggenheim Partners chief executive Mark Walter and Daniel Finkelstein, a UK Conservative party peer and Times newspaper columnist, Clearlake is funding more than half of the purchase price and holds joint governance rights. Rather than pay from their personal wealth, the Clearlake founders are financing the purchase from its private equity funds, an unusual manoeuvre that will put a sizeable piece of the football club in a structure with a finite life, though they could add more financial partners. For Clearlake, Chelsea is the most prominent deal in what has been one of the buyout industry’s least known success stories. The Santa Monica, California-based group manages more than $75bn in assets and has taken in $25bn in new assets over the past year, including a new $14bn flagship buyout fund. “Clearlake has continued to be one of the best performers in our private markets’ portfolios,” said Shawn Wooden, Treasurer of the State of Connecticut, which has invested more than $500mn with the group. Flagship funds that Clearlake raised between 2013 and 2018 have earned net returns of between 34 per cent and 56 per cent, according to public pension fund disclosures, putting them in the industry’s top quartile. The $12.6bn Clearlake has invested across its first six flagship buyout funds was worth more than $27bn as of mid-2021, according to a public review released by Connecticut. Founded in 2006, Clearlake is one of the most active buyers of midsized companies in the US. It targets specialised but highly profitable companies in the consumer goods, industrials, and tech sectors that it grows through debt-financed acquisitions. It also employs outside operational experts to advise on strategies to bolster profits. It has struck more than 100 acquisitions since the beginning of 2020, including half-a-dozen takeovers of publicly traded companies, according to Refinitiv data. Clearlake finances about two-thirds of the purchase price of its takeovers using debt, say bankers who have worked with the group. Its 2014 acquisition of telecom services company ConvergeOne for under $100mn was grown by a handful of acquisitions before the business was taken public and sold to buyout group CVC Capital Partners for $1.8bn. The deal made Clearlake a tenfold return, after accounting for more than $700mn in debt the company took on to make acquisitions. Clearlake’s most successful deal was its $180mn carve-out of healthcare software company Provation from conglomerate Wolters Kluwer in 2018. After striking four acquisitions, Clearlake sold the business to Fortive last December for $1.43bn. Because Clearlake financed its purchase using debt, it made more than 20-times its money. “The firm’s flexible, all-weather strategy allows the Clearlake investment team to identify and execute on attractive investment opportunities across varying market conditions,” said Wooden. “It is a competitive differentiator.” Feliciano and Eghbali met in the mid-2000s while working to salvage two investments. At the time, Feliciano worked at distressed debt investor Tennenbaum Capital, while Eghbali handled buyouts at TPG. While the deals did not amount to much, the two bonded. Feliciano, a native of Bayamón, Puerto Rico, came to the US in 1990 to study engineering at Princeton, having never visited campus nor spent much time in the US. Eghbali’s family left Iran for California in 1986 and he studied business at the University of California, Berkeley. In 2006, the two formed Clearlake with a strategy to pivot between buyouts and distressed investments depending on economic conditions. They raised early capital by tapping “emerging manager” programmes at endowments and pensions but struggled to hit a $500mn fundraising target. The mandate allowed Feliciano and Eghbali to shift from buyouts to distressed investments during the 2008 crisis. When the recovery took hold, they pivoted back. Clearlake’s inaugural fund generated a 15 per cent net return. Not every deal is a winner. Clearlake had a 9 per cent loss ratio on its crisis-era fund, pension documents show, and struggled with some energy-exposed investments. Feliciano typically focuses on industrial and consumer deals, while Eghbali handles software and technology. Both dealmakers work nonstop, said one confidant. Recently, Clearlake has become Wall Street’s biggest user of “GP-led secondaries”, a new technique that is a booming market in private equity. In these deals, Clearlake will find a private equity company to buy a large portion of one of its existing investments and offer investors a chance to sell at the new valuation, or roll their stake into a new fund that will hold the investment for about four more years. It discovered the technique during the pandemic, selling a piece of software company Ivanti to TA Associates in August 2020 at a $2bn valuation that generated a big windfall. Many investors chose to roll their holdings instead. A year ago, a third buyout group, Charlesbank Capital, invested in Ivanti at a valuation two times higher than the 2020 deal. “Their team is really good at unlocking that hidden value quickly, and once they do, they are very good at monetising that early gain in creative, innovative ways,” said Ian Charles, a confidant who founded Arctos, an alternative investment company. “It locks in a gain for the legacy fund but allows the manager to retain exposure to the growth of an attractive investment,” added one banker of the deals. “For a firm in growth mode, it also gives Clearlake the ability to retain assets under management,” said another. Clearlake has struck five continuation deals, raising $8.5bn in assets, and realising more than $10bn in investments in the past two years. Besides buyouts, both billionaires are known as some of the biggest backers of new minority-led investment companies with their own money. They have funded and mentored nearly 100 companies, particularly through a $50mn-plus effort called the Supercharged Initiative, led by Feliciano and his wife Kwanza Jones. “When you look back five or 10 years from now, you are going to see a derivative growth of diverse investment managers started with José and Kwanza,” said Adam Demuyakor of Wilshire Lane Capital, which they backed. “There is almost a generational tree that has grown off of their efforts.” Feliciano and Eghbali have set their sights on the sale of the National Football League’s Denver Broncos, a potentially larger deal than Chelsea and one they are bidding on with their own money. Both sit on a valuable asset, their combined 80 per cent ownership of Clearlake. In 2018, they sold a stake in the group to investors at a $4bn valuation and used the proceeds to invest hundreds of millions of dollars into Clearlake funds. The group’s value has since soared and Forbes values both billionaires at $3bn each. Bankers have been pitching to take Clearlake public, an option the group is studying but has made no decision on. “Wouldn’t this be the next tool in terms of value creation? If anyone is going to do it, it would be someone like Clearlake,” said one banker.
  11. Chelsea 2 Wolverhampton Wanderers 2

    You’re right. Jorginho and Kante were injured. But Sarr and Saul were apparently preferred over Mount and Chalobah. Utterly bizarre.
  12. Chelsea 2 Wolverhampton Wanderers 2

    Hang on. Is the Cup Final next week and Tuchel was pissing about resting players hence why we ended up with Sarr, Loftus-Cheek and Saul on the pitch at the end?
  13. Chelsea 2 Wolverhampton Wanderers 2

    I just don’t think we should go into the last ten minutes of a game with a narrow lead and Saul, Sarr, Loftus-Cheek and Werner on the pitch. You know it’s asking for trouble.
  14. Chelsea 2 Wolverhampton Wanderers 2

    Saul was a bizarre signing. Brought in because we needed a spare midfielder, but has been so shockingly bad that we decide to use him as a left back because the left back we forgot we even had was brought back in January as an emergency and turns out is not up to it. Meanwhile half our defence are leaving on free transfers. Seriously, who is responsible for this state of affairs? Boehly should really look into it.
  15. Chelsea 2 Wolverhampton Wanderers 2

    Have to say that with a last minute cross into the box you’d hope that your goalkeeper would bloody well make sure an opponent didn’t get to it first.
  16. Chelsea 2 Wolverhampton Wanderers 2

    Problem is half the team seem to be arranging deals to sign with other clubs next season. They know they’re leaving so how much do they really care about whether we get top four or not?
  17. Chelsea 2 Wolverhampton Wanderers 2

    This season is really unravelling fast. Tuchel’s subs were very odd. Saul and Sarr? Our two least convincing players. With Chalobah and Mount sitting it out on the bench. Don’t understand the thinking behind it. Not sure what Havertz and Werner were doing either those last few minutes. Like they didn’t understand to keep the ball down their end? Brainless football all round.
  18. Chelsea 2 Wolverhampton Wanderers 2

    That was a total disaster. Just had to see the final seconds out with a corner. Don’t know what the hell we were playing at.
  19. Chelsea 2 Wolverhampton Wanderers 2

    Oh dear. That was Kovacic losing the ball upfield.
  20. Chelsea 2 Wolverhampton Wanderers 2

    Well done Mendy. More suicidal defending.
  21. Chelsea 2 Wolverhampton Wanderers 2

    Ah Werner. Had a chance twice to get a decent cross in. Hit it straight into the defender on both occasions.
  22. Chelsea 2 Wolverhampton Wanderers 2

    Thanks. Nice angle on the pass to set it up for Lukaku I thought.
  23. Chelsea 2 Wolverhampton Wanderers 2

    2-0. Mistake at the back for Wolves. Didn’t see who assisted with the pass. Was it Pulisic?
  24. Chelsea 2 Wolverhampton Wanderers 2

    Soft penalty. But well done Lukaku for staying calm.
  25. Chelsea 2 Wolverhampton Wanderers 2

    Our midfield is giving me a heart attack.