Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Behdad Eghbali, the billionaire co-owner of Chelsea Football Club, paid \u00a356mn for a penthouse in Mayfair, in one of the biggest London property deals of 2024.\u00a0The deal, which was concluded last May and disclosed on Friday in a Land Registry filing, marks an upgrade for Eghbali, who previously bought another flat in the same block in 2023 for a reported sum of about \u00a335mn.\u00a0US buyers have been a major force in the top end of London\u2019s property market, taking advantage of the strong dollar and weaker demand from other international buyers.\u00a0Eghbali is the co-founder of investment firm Clearlake Capital. Clearlake was part of the consortium led by financier Todd Boehly that bought Chelsea FC in 2022 after the UK government forced a sale by the club\u2019s sanctioned oligarch owner Roman Abramovich.The price of \u00a32.5bn remains the highest paid for a football club, while more than \u00a31bn has since been spent on signing new players as part of an aggressive growth strategy.\u00a0Boehly became Chelsea chair after the takeover, but Eghbali has taken an increasingly hands-on approach at the club. The pair are now involved in a power struggle, with each side seeking to buy the other out. Clearlake is Chelsea\u2019s biggest shareholder with a stake of about 62 per cent.\u00a0Property records show the previous owner of the \u00a356mn penthouse was Dmitry Rybolovlev, the owner of football club AS Monaco and an art collector. Rybolovlev was involved in a series of legal cases over claims that art dealer Yves Bouvier overcharged him by some \u20ac1bn for a number of artworks, including Salvator Mundi by Leonardo da Vinci. Bouvier has denied any wrongdoing. The two men settled their dispute in 2023.\u00a0\u00a0Rybolovlev lost a case in the US against Sotheby\u2019s, in which he claimed the auction house conspired with Bouvier. Forbes estimates Rybolovlev\u2019s wealth at $6.3bn. He built his fortune through the post-Soviet privatisation of Uralkali, one of Russia\u2019s largest fertiliser producers, though he sold his stake more than a decade ago.\u00a0Rybolovlev, who resides in Monaco, bought the Mayfair penthouse in 2019 for \u00a350.5mn, according to UK records. A spokesperson for Rybolovlev declined to comment.\u00a0A spokesperson for Eghbali declined to comment. <\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Behdad Eghbali, the billionaire co-owner of Chelsea Football Club, paid \u00a356mn for a penthouse in Mayfair, in one of the biggest London property deals of 2024.\u00a0The<\/p>\n","protected":false},"author":1,"featured_media":150442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[],"class_list":{"0":"post-150441","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-culture"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/150441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=150441"}],"version-history":[{"count":1,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/150441\/revisions"}],"predecessor-version":[{"id":150443,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/150441\/revisions\/150443"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media\/150442"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=150441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=150441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=150441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}