Ares Management completed the investment in Clearlake- backed Chelsea FC for $500m.

Ares Management, an American publicly traded, global alternative asset manager focused on alternative strategies, including credit, private equity, and real estate activities, completed the investment in Clearlake- backed Chelsea FC, an English professional football club, for $500m. "We have bought an asset that is very coveted by many other potential buyers. Ultimately, we are extremely aligned with that supporter and fan base because the best way to make our club more valuable is to win.” José Feliciano, Clearlake Co-Founder.