Sports
Todd Boehly and Clearlake Capital at breaking point
The owners of Chelsea are at a “breaking point” in their “civil war” with Todd Boehly and Clearlake Capital, but why have they become so estranged?
The Telegraph has revealed that there is a furious disagreement between senior officials at Stamford Bridge, which might result in significant changes to the organization’s hierarchy.
Since former owner Roman Abramovich was replaced in May 2022 by a group of US-based businessmen led by Boehly, Chelsea has been through a difficult time.
It is currently believed that Boehly and Behdad Eghbali, who along with Jose Feliciano established Clearlake, are exploring buyout alternatives as a means of resolving their significant differences.
Why are Chelsea’s owners locked in a civil war?
Boehly and Eghbali are believed to have conflicting visions for the future of Chelsea over a number of issues, both on and off the pitch.
According to Sky Sports, Boehly is unsure of the current recruitment strategy being implemented by Eghbali.
Boehly is also thought to have reservations over the fact that no significant progress has been made on redeveloping Stamford Bridge.
Why are Todd Boehly and Behdad Eghbali at breaking point?
It is reported Bohely and Eghbali have never been close friends – but that their relationship is now even less close than when they first arrived at Chelsea.
They appear to be at breaking point because they are both strong-headed businessmen and have their own ideas about how Chelsea should be run.
Boehly feels his relationship with Eghbali’s Clearlake has become unsustainable and is seeking a resolution to prevent the situation from getting any worse.
What will happen next?
Eghbali and Clearlake have no desire whatsoever to sell their shares. They currently own a 61.5 per cent stake – which gives them primary control.
The other 38.5 per cent is equally split between Todd Boehly, Hansjorg Wyss and Mark Walter.
Clearlake would be interested in buying Boehly’s 13 per cent stake if he wished to walk away from the club.
But Boehly, according to The Telegraph, is confident he can raise sufficient capital to launch his own takeover attempt.
They add that it ‘seems certain’ Chelsea’s ownership structure will change before 20227 – although it remains to be seen who will stay and who will walk away.
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