Chelsea’s Ownership Battle: Boehly Seeks Buyout

Chelsea’s ownership faces a complex and public struggle with two key figures clashing over control of the club. Todd Boehly often mistaken for the principal decision-maker due to his prominent role and outspoken comments, aims to buy out his rival, Clearlake Capital. Despite his high-profile position, Boehly holds only a 12.8% stake, the same as fellow investors Mark Walter and Hansjorg Wyss which limits his influence.

Conversely, Behdad Eghbali co-founder of Clearlake Capital drives the majority 61.5% stake in Chelsea. Eghbali, along with Clearlake co-founder Jose E. Feliciano, refuses to sell and seeks to increase their stake. They plan to wait while Boehly pushes for a resolution within the next two months.

The ownership rift began after Chelsea’s purchase from Roman Abramovich following UK government sanctions. The initial turmoil saw Boehly make headlines with significant spending and managerial changes including sacking Thomas Tuchel and hiring Graham Potter.

Eghbali’s influence grew with the appointment of Mauricio Pochettino and major transfer deals but internal disagreements led to Pochettino’s departure and a review of transfer strategies. The discord highlights deeper issues, such as complaints about Eghbali’s involvement in football operations.

There are also disagreements over squad management and transfer policies. These conflicts have hampered Chelsea’s progress, impacting stadium redevelopment and sponsorship deals. Potential resolutions include Boehly buying Clearlake’s stake, Clearlake buying out Boehly, or involving an external party.

Both sides accuse each other of posturing and the outcome will likely depend on financial negotiations and strategic decisions within the boardroom.