HFPA Has Term Sheet to Sell Golden Globes to Acting CEO Todd Boehly

potential acquisition of the Golden Globes. In the letter sent from Isaacs’ partner Yusef Jackson to HFPA president Helen Hoehne and exclusively obtained by TheWrap, the scandal-ridden organization was accused of creating a special committee to vet Pacific Coast Entertainment consisting of three advisers who have a “long-standing financial relationship” with current HFPA CEO Todd Boehly, who is making his own bid to acquire HFPA through his hedge fund, Eldridge Industries. “Ms.

Todd Boehly and the Clearlake Consortium have had their £4bn takeover of Chelsea approved by the Premier League.

Antonio Rudiger has spoken about his frustrations over Chelsea contract negotiations as he prepares to wave goodbye to Stamford Bridge.

TheWrap previously reported, the new bylaws would also open up Globes voting beyond the current 102 active members to a select group of “other individual non-members as the Board of Directors may invite to participate from time-to-time.” Interim HFPA CEO Todd Boehly has proposed inviting approximately 200 non-member voters to nearly triple the total pool to 300 — a step designed to gain the support of Netflix as well as other studios, streamers and networks. A rep for the HFPA did not comment on the bylaw amendments.

Michael Schneider Variety Editor at LargeReach Michael on Twitter @franklinavenue or email [email protected] Hollywood Foreign Press Association drama continues, as it announced last week that it would put itself on the auction block and courting buyers to potentially become a for-profit organization.The HFPA’s interim CEO, Todd Boehly, is negotiating with the HFPA board to buy the org. The HFPA has formed a special committee within the nonprofit organization “to determine potential outside strategic interest in its organization and assets.” The end game is “optimizing the value of the HFPA’s various assets and continue to enhance the organization’s position in the marketplace while strengthening its relationships with various stakeholders,” HFPA stated.Boehly’s Eldridge Industries owns MRC Live and Alternative (formerly Dick Clark Productions), which produces the Golden Globe Awards via a tenuous business relationship with the HFPA.“The HFPA is committed to a thorough and swift review of its potential strategic alternatives to identify a path forward that is in its best interests.

Sidley Austin, a law firm with offices in the U.S., Europe and Asia-Pacific, is going big on sports law. Our sister site Sportico has learned that Charles “Chuck” Baker and Irwin Raij, most recently co-chairs of O’Melveny & Myers’ sports industry group, are joining Sidley as co-chairs of its Entertainment, Sports and Media industry group. The move will bring expertise in ownership transactions, stadium construction, media rights and international deal making.Baker has negotiated on behalf of buyers and sellers of pro teams.

Eldridge Industries boss Todd Boehly may own the Premier League’s Chelsea now, but the Golden Globes continues to elude the HFPA interim CEO, for now.

Cynthia Littleton Business EditorThe Hollywood Foreign Press Association is putting itself on the auction block, courting buyers for the embattled organization that hands out the annual Golden Globe Awards.The HFPA’s interim CEO, Todd Boehly, has been angling to buy the organization and is in the process of negotiating with the HFPA board. As a result of Boehly’s bid from his Eldridge Industries banner, the organization opted to begin a process to determine what other interest may be out there.The HFPA on Friday announced that it has formed a special committee within the nonprofit organziation “to determine potential outside strategic interest in its organization and assets.”Boehly’s interest in HFPA comes in no small part because Eldridge Industries is also invested in the Golden Globe Awards through its ownership of MRC Live and Alternative (formerly Dick Clark Productions), which has had a long and occasionally fraught business partnership with the West Hollywood-based press association.

The future of Chelsea Soccer Club looks assured, with the London Club announcing its new owners today.

Naman Ramachandran A consortium led by Todd Boehly has struck a deal reportedly worth £4.25 billion ($5.24 billion) to acquire top English Premier League soccer club Chelsea FC, one of the highest price tags ever agreed for a sports club in history.Boehly owns holding company Eldridge, which owns MRC and Dick Clark Productions, producers of Hollywood’s popular Golden Globes Awards, and serves as interim CEO of the Hollywood Foreign Press Association, which operates the awards. He is also an owner of the Los Angeles Dodgers, the Los Angeles Lakers and the Los Angeles Sparks.The others in the consortium are Clearlake Capital, real estate magnate Jonathan Goldstein, Swiss billionaire Hansjörg Wyss and Mark Walter, CEO, Guggenhiem Partners, with whom he has stakes in the Dodgers and Lakers.