Chelsea investors attempt to buy Todd Boehly out of the club

Tensions are now rising behind the scenes at Chelsea with investors looking to buy Todd Boehly out of the club.

The Blues were previously purchased by American private equity firm Clearlake Capital and a consortium led by businessman Todd Boehly.

The two sides joined forces, under the name BlueCo, to complete a massive $5.6 billion takeover of the club in 2022. Although it has just been two years since the deal, reports suggest that their relationship has deteriorated.

Bloomberg is reporting that both Clearlake and Boehly are currently exploring ways to buy each other out. Boehly has essentially become the public face of the club over the last two years.

Nevertheless, Clearlake, led by co-founder Behdad Eghbali, actually owns a higher percentage of Chelsea than the businessman. The firm holds a majority stake in the Blues of about 61.5%.

The relationship between the two groups has soured in recent months. Intense spending on players mixed with poor results on the pitch has exacerbated the situation.

Since the takeover, Chelsea brass has spent nearly $1.4 billion on a plethora of new players. Despite this, the club has not reached the lucrative Champions League with BlueCo at the helm.

Failure on the field, however, is not the only issue with the current ownership. The two sides also reportedly have different ideas regarding recruitment.

A lack of overall progress on building a new stadium has caused anxiety within the club as well. The team’s current home, Stamford Bridge, is currently the oldest stadium in the Premier League.

Boehly believes he can raise enough money to buy Clearlake’s shares

Due to Chelsea’s embarrassing early struggles under BlueCo, Boehly was expected to take a step back from the club. Nevertheless, he is now exploring ways to raise the appropriate funds to buy out Clearlake.

The Telegraph is reporting that the businessman believes he can come up with $3.2 billion to cover a potential…


Source link : https://worldsoccertalk.com/news/chelsea-investors-attempt-to-buy-todd-boehly-out-of-the-club/

Author : Chris Moore

Publish date : 2024-09-07 15:48:10

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