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Raine Group launches Singapore office with Asean opportunities ripe for the picking

Bryan Wu
Bryan Wu9/29/2022 08:58 PM GMT+08  • 10 min read
Raine Group launches Singapore office with Asean opportunities ripe for the picking
Ravitch: By putting an office here, we’re trying to hit that peak state of competence in the region and the future of the Asean region with Singapore as its hub. Photo: Bloomberg
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Raine Group made international headlines earlier this year when it brokered the sale of Chelsea Football Club after former owner Roman Abramovich put the club on the market in anticipation of UK government sanctions on Russian oligarchs.

Before the deal was made final to a consortium led by American financier Todd Boehly, Raine co-founder Joe Ravitch was quoted as saying that the next owner of the English club would be “getting it for a steal”. He estimated that Chelsea and other top Premier League clubs would be worth over US$10 billion ($14.3 billion) in five years.

If true, the Boehly group, which paid GBP4.3 billion ($6.6 billion) for the football club, is sitting on a cash cow. Ravitch’s rainmaking deal history gives little cause to doubt this prediction.

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