Casper Stylsvig, the former Chelsea chief revenue officer, is to join the Hong Kong Jockey Club.
Stylsvig, an ex-Manchester United, Fulham and Barcelona exec departed Stamford Bridge last month after less than two years in the role, with the club without a shirt sponsor.
He will become executive director, sports business at the HKJC, which boasts an annual turnover of £28.8bn and oversee a staff of 3,000 in what is being viewed as a step up from his role at Stamford Bridge.
Stylsvig was hired in November 2023 by Chelsea. During his time, Daily Mail Sport understands a number of offers were made to sponsor the shirt – a key source of revenue – but none were deemed to be of sufficient value or to fit with the Chelsea’s objectives.
The club have reportedly looking for between £60m and £65m a season, with new Saudi airline Riyadh Air strongly linked.
Stylsvig, who starts in Hong Kong in January, will oversee horse racing, football and lottery and all race operations.
Casper Stylsvig (far right), the former Chelsea chief revenue officer who failed to secure a shirt sponsor during his time at the club, is to join the Hong Kong Jockey Club in a shock new role
Chelsea parted ways with the Chief Revenue Officer amid their search for a new shirt sponsor
Stylsvig (bottom right) previously held roles at Fulham and AC Milan - but will now head to Hong Kong in move which is understood to be a step up from his job at Stamford Bridge
‘It’s an incredible honour to join the Hong Kong Jockey Club at such an exciting time in its evolution,’ he said.
‘This role represents a natural progressive next step in my career — bringing together best practices from global football to help shape the future of a truly unique, multi-sport business.’