I think 90-95% depending on the team, of the top teams in England the fanbases are outside of the UK. Behdad is Co-Founder and Managing Partner at Clearlake Capital Group LP which currently has approximately $10 billion of assets under management, and its senior investment principals have led or co-led more than 100 investments. We think early days and you look at the track record of folks who have invested, there are certainly folks who have lost money, but for every one or two bad investors, the well-run clubs there have been a lot of good success stories and we think we are embarking on one but a lot of work to do to accomplish it. Eghbali was born in Iran and moved to the U.S. with his family when he was a child. I think a couple of teams in Spain do and they're vocal about it and everyone else doesn't want to go there. Clearlake Capital was founded in 2006 by Steven Chang, Behdad Eghbali and Jos E. Feliciano. In 2021, Clearlake and TA Associates reacquired Precisely for $3.5 billion. var __dcid = __dcid || []; Nearly ten months since arriving at the club, the deal has been awarded Deal of the Year in the PEI 2022 Awards. Behdad is Co-Founder and Managing Partner at Clearlake Capital Group LP which currently has approximately $10 billion of assets under management, and its senior investment principals have led or co-led more than 100 investments. $2.5 billion, according to our most recent tally. By continuing to browse, you hereby agree to the use of cookies. [2][8], In May 2018, Clearlake sold a minority stake of up to 20% of its shares to Dyal Capital, Petershill Partners and Landmark Partners. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Four E-Design Business Trends To Watch In 2023, The Pivot Cycles E-MTB Lineup Defines This New Mountain Biking Category, Mercedes-Benz To Offer Webex In New E Class Cars, Tears, Laughter And Accolades At The Inaugural Jose Hess Design Awards, How To Establish A Strong E-Commerce Presence For Home Improvement Solutions, The Forbes 400 2022: 10 Richest Newcomers, The Forbes 400 2022: 10 Billionaires Under 40, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Background. Monetising some of that content into a 30 for 30 or a lot of the stories we like to have as opposed to sharing with the leagues. He has six scouts, no data and using some of the data points we know of the good sports teams of any league here there are 20-30 data analysts and wie use of data. Jos E. Feliciano and Behdad Eghbali, Co-Founders and Managing Partners of Clearlake, commented, We are thrilled to recognize the dedication of our team members who have not only contributed to the success of our portfolio companies but also made key contributions to the firms culture and values. Looking at Africa as a market with an untapped amount of talent, close to Europe time zone-wise. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); When we've seen it not work is when people are buying clubs largely because it's there and for sale. Joe Biden teaches the EU a lesson or two on big state dirigisme, Elon Musks Twitter is dying a slow and tedious death, Who to fire? Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Behdad Eghbali General Information. (function(){var cid=document.createElement("script");cid.async=true;cid.src="//seal.digicert.com/seals/cascade/seal.min.js";var s = document.getElementsByTagName("script");var ls = s[(s.length - 1)];ls.parentNode.insertBefore(cid, ls.nextSibling);}()); We use cookies to enhance your user experience. The American billionaire and his co-controlling owner Behdad Eghbali are determined for the club to have one of the greatest stadiums on the planet by 2030. Reflects change since 5 pm ET of prior trading day. We've done about 9 billion of it in the past 18 months. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Some of the largest pension funds in the US, actually the largest, asked us if they could go invest. All rights reserved. You can capture, acquire, retain, sign talent and monetise talent. That is one analogy, one place we think there is a lot of runway in terms of European sports which by the way have a global audience, a global opportunity. Behdad Eghbali could resurrect major 5.7bn NFL plans after Chelsea purchase Clearlake Capital co-founder Behdad Eghbali has been linked with a move for the NFL team Washington Commanders despite already having a keen interest in Chelsea Chelsea By Richard Cusack Football writer. There are certainly businesses you want to own for a long time and private equity has to evolve from the formation 'Hey, I raised a fund, I've got to sell'. We want to make sure you get the most out of our platform. Behdad Eghbali cofounded Clearlake Capital in 2006 with Jose E. Feliciano. We're all in - 100% - every minute of every match. Centralize the data you need to set and surpass your ESG goals., The Big Shift: How Boardrooms Are Evolvingand How Leaders Should Respond. Donald Trumps real net worth? "There is support and I've spoken to them," he revealed in his pre-match Leeds press conference. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. . This website uses cookies to improve your experience while you navigate through the website. Behdad Eghbali Age : 46 Linked companies : Cornerstone OnDemand, Inc. - Diligent Corp - Constant Contact Inc Summary Behdad Eghbali is a businessperson who founded Clearlake Capital Group LP and who has been at the head of 8 different companies. For a full comparison of Standard and Premium Digital, click here. [3][11] WhiteStar Asset Management serves as the credit platform of Clearlake. These things are generally not well-managed. These cookies do not store any personal information. Not subject to arbitration, certainly subject to free agency but the model of six, seven, and eight-year contracts earlier based on players you've retained who have market value we think can be a sustainable model. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. I think three different reasons for it. Feliciano, who was born in Puerto Rico, is on the board of trustees of Stanford University and the Smithsonian National Museum of the American Latino. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlakes operational improvement approach,O.P.S.The firms core target sectors are industrials and energy; software and technology-enabled services; and consumer. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. 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Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. You have to have a good product to generate sponsors for the content to work. for $3 billion. Media Contacts: Blicksilver Public Relations Kristin Celauro 732-433-5200 kristin@blicksilverpr.com Jennifer Hurson 845-507-0571 Clearlake Capital says it has more than $70 billion in assets under management; it is known for scoring some of the private equity industry's best returns. We support credit card, debit card and PayPal payments. With more than 20 years of related experience, Mr. Urrutia is responsible for the management of Clearlakes corporate accounting and operations departments. University of California, Berkeley - Walter A. Haas School of Business, Intelligent Assistance and Bots Ecosystem. Jones is a singer, investor and philanthropist. ", Chelsea press conference LIVE: Graham Potter on his future, Leeds, Kante, Pulisic, more, Two Chelsea undroppables given new roles as Graham Potter makes tactical decision to beat Leeds, Jose Mourinho to Chelsea latest: Dream return, Todd Boehly contact and Roma drama, Zinedine Zidane to Chelsea latest: Luis Enrique battle, France job decision, Boehly desire, Chelsea owners Clearlake Capital make announcement about takeover, Chelsea owner Todd Boehly completed a 4.25bn takeover in May, (Image: (Photo by Ivan Yordanov/MI News/NurPhoto via Getty Images)). To succeed in this competitive field, businesses must focus on technology and consider new emerging factors. Left-handed batters, hurt by the increasingly popular practice of bunching defenders on one side of the field, are exacting their revenge by signing sweet post-shift contracts. Brad Kottman joined Clearlake in 2017. The team has approximately 400 years of collective experience with a focus on complex situations. [15] In 2017, Clearlake sold both companies to Centerbridge Partners for $1.26 billion and were merged. A new partnership announced Monday between Mercedes-Benz and Cisco offers the option of taking meetings while on the go or temporarily parked, as a further nod to the popularity of a hybrid work style. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. Spends 10% of the payroll, wins almost as much and is a very stable mid-market, mid-table, very profitable club. Using a sector-focused approach, Clearlake seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlakes operational transformation approach. We are very pleased to take this opportunity to congratulate these exceptional individuals for their part in Clearlakes continued growth.. We think there's a market for it and we think there's a market to afford LPs the ability to exit and others to step in and to have a long-duration vehicle to keep these assets. In addition, Clearlake believes it is further differentiated by utilizing its sector driven investment approach while investing in transactions in which the firm exercises control or has significant influence. Behdad Eghbali cofounded Clearlake Capital in 2006 with Jose E. Feliciano. 18:00, 14 FEB 2023 Updated 18:02, 14 FEB 2023 But cn we keep some assets whether sport or otherwise and enable people to come in and out and the market is evolving to that and I think you're going to see more innovation from a lot of sponsors to do that. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Linkedin. 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Again, I think we're all teetering at the surface of where we're going to go. I think Gerry is buying teams at 1,2, 3, 4 times revenue multiples and if you have a cost structure that can sustain and you invigorate the fanbase we think you can have a business that makes money that are natural monopolies in their markets without the regulation, without the salary caps.