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The Guardian - UK
The Guardian - UK
Sport
Sam Cunningham

Chelsea’s boardroom rift: if Boehly goes who will Clearlake have left to blame?

Chelsea co-owner Todd Boehly (centre) in the stands
Chelsea co-owner Todd Boehly (centre) may end his five-year tenure at Chelsea to leave Clearlake Capital with total control. Photograph: Adam Davy/PA

Perhaps, in hindsight, it was always going to end this way. As some of the world’s wealthiest investors scrambled to find funds after Vladimir Putin’s invasion of Ukraine set a series of dominoes toppling that forced Roman Abramovich to sell Chelsea, it threw together some unexpected allies.

Todd Boehly became the public face of the winning bid, convincing the US sports mogul Mark Walter and the Swiss businessman Hansjörg Wyss to join as 12.8% minority investors. The private equity firm Clearlake Capital put in 61.6%, bringing the owners Behdad Eghbali and José E Feliciano, who made their fortunes investing in tech, into the leadership fold.

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