Just months ago, Todd Boehly was basking in the glory of clinching two massive vanity acquisitions in a row: First he pulled off a $5.4 billion takeover of England’s Chelsea Football Club and then snapped up Hollywood’s Golden Globe Awards for no money at all.
Both seemed a surefire bet for the billionaire financier to gain international recognition, holding court in the owner’s box at London’s legendary Stamford Bridge stadium and taking his place as a Tinseltown kingmaker. These weren’t passive investments. Boehly took on a very public profile — unlike his other holdings in media, technology, real estate and insurance.