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Wall Street Cash Fuels 1,100% Surge in Sports Dealmaking

Russian Billionaire Roman Abramovich's London Properties And Chelsea FC
Photographer: Hollie Adams/Bloomberg

Hi, it’s David and Fareed in London. Today we’re taking the pulse of M&A in professional sports after Todd Boehly finally agreed his takeover of Chelsea Football Club. We also have a clutch of activist situations to round up and more on India’s biggest-ever IPO.

Today's top stories

There aren’t too many places where you’ll find a 12-fold increase in deal values from one year to the next. But if it’s mind-boggling figures you’re after, the world of professional sports rarely disappoints. —David Hellier and Fareed Sahloul

Todd Boehly’s much-hyped takeover of London’s Chelsea Football Club is the latest (and by far the largest) transaction to be announced this year—adding roughly $5 billion to a deal haul that was already running some 300% above year-ago levels.