Chelsea shareholder Todd Boehly wants resolution after faith on Clearlake Capital breaks down

Boehly has been looking to buy the entire club.

Todd Boehly has lost confidence in his business connection with Clearlake Capital, the US private equity group that owns the majority shares of Chelsea. Boehly wants to find a resolution in order to avoid a civil war at Stamford Bridge.

There are rumours that the club’s owners are at odds with one another. It is believed that Boehly is certain that investors will give him the money he needs to finish a takeover.

The American billionaire, who shares his 38.5% ownership evenly with Hansjörg Wyss and Mark Walter, has vehemently denied any intention to sell it.

However, Behdad Eghbali and José E. Feliciano, the owners of Clearlake Capital, assert that they have no need, desire or intention to sell any of their 61.5% stake to Boehly or any other party. On the other hand, they are prepared to explore and buy out Boehly, who led the group that acquired the West London team from Roman Abramovich in 2022.

As stipulated in the ownership agreement, Boehly is not permitted to offer the property to a third party without Clearlake Capital’s consent.

Boehly can’t be ejected without his will from the Premier League club. There are perceptions in some places that he’s trying to buy some time while he figures out how to get out.

Boehly, who has been quiet for the previous 18 months while letting Eghbali play a bigger role, believes that Chelsea’s current management structure is unsustainable at the same time.

There is a growing cultural gap between the two parties. Boehly—who financed his share of the takeover with his own funds—thinks a solution needs to be found quickly. It is acknowledged that there have not yet been any discussions about one party buying the other out.

Boehly still wants to take Chelsea forward. He would only be willing to sell if he received an extremely attractive offer. For him, the Blues project was of 20–30 years.

According to Boehly’s perspective, he contributed to the establishment of a new sports structure during the first year of the new ownership. Though he was chastised for Chelsea’s spending binge and forced into the position of acting sporting director in the summer after the takeover, he never intended to be so involved.

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