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Aileen Chuang

Todd Boehly, an American tycoon who counts Chelsea Football Club, the Los Angeles Dodgers and the Los Angeles Lakers in his portfolio, said he sees many opportunities in Asia, including Hong Kong and Macau.
The opportunities may lead to a bigger presence in the region for his newly established asset-management firm in the future.
“It’s a giant market and it’s right on the doorstep of [1.4] billion Chinese people,” Boehly said in an exclusive interview with the Post on Monday. “I have to lay the groundwork now – find the team, the people, the plan and the real estate.”
Boehly, 51, said his trip to Asia was to start thinking about the opportunities and “see everything first-hand”. Before arriving in Hong Kong, he was in Tokyo, to see the Dodgers play Major League Baseball games, followed by Seoul. His next stop is Singapore.

Boehly, whose net worth is estimated at US$8.5 billion according to Forbes, is the co-founder, chairman and CEO of Eldridge Industries. The private investment firm’s interests span insurance, asset management, technology, sports and gaming, media and music, real estate and consumer businesses.
In January, Eldridge Industries launched Eldridge, an asset-management and insurance holding company with about US$72 billion in assets under management. The firm has offices in London, Singapore, Abu Dhabi, New York and other US cities.
Boehly said he saw “robust” activity levels in Hong Kong and Macau that interested him.
In Hong Kong, he sees opportunities in fintech and financial services. He said he was thinking about the possibility of bringing the concept of his fintech company PayActiv, which allows employees to access wages before their scheduled payday, to the city.
“I’ve been speaking to people to understand the cycle of payments and how payments work in this part of the world,” he said. “I think there’s an opportunity for a company like PayActiv.”




Boehly, who is known for his collection of prized assets in the sports and entertainment industries, praised Hong Kong’s multipurpose Kai Tak Sports Park, saying this would open up opportunities for the city to host mega events and bring a constant stream of visitors.
This shows the importance of building a multipurpose stadium that could accomplish lots of different end uses, he said.
Apart from sports teams, Boehly has a stake in Canadian entertainment company Cirque du Soleil and also owns The Beverly Hilton five-star hotel in Beverly Hills, California. He said there was a lot of scope in Macau’s entertainment and hotel sectors amid a shift in the focus from casinos for the former Portuguese colony.
He said Macau’s evolution from a gambling hub to a family-oriented tourism centre had opened up a host of opportunities for the group’s portfolio of intellectual brands that could be exported over with a focus on the Chinese customer.
For example, Cirque du Soleil was thinking about organising dinner club night shows in Macau, he added.
On the mainland, Boehly was also exploring the possibility of lending to small and medium-sized enterprises, to fill in a gap left by traditional banks who avoided the sector due to high default risks.
Boehly said one could think of the financial markets as having trains, buses and cars. While some people would never be able to get on a train steered by banks or afford a car, they would be able to hop on a bus.
“The bus, to me, is a big opportunity here.”


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The American tycoon spots potential for fintech, sports and entertainment expansion in Hong Kong and Macau


The American tycoon spots potential for fintech, sports and entertainment expansion in Hong Kong and Macau.


.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}The American tycoon spots potential for fintech, sports and entertainment expansion in Hong Kong and Macau

The American tycoon spots potential for fintech, sports and entertainment expansion in Hong Kong and Macau