Wall Street brings its financial engineering to English football

Chelsea’s new US private-equity owners are betting their know-how will make the London club more valuable than some of its biggest rivals

19 February 2023 - 21:07 By Giles Turner and David Hellier

It’s no secret that Wall Street likes to test the rules. Mortgage-backed securities, options pricing, credit risk, special purpose acquisition companies (SPACs) — all have been subject to what’s known as financial engineering. Now, it’s the turn of football...

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