Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Sport
Jacob Steinberg

Todd Boehly exits Chelsea diminished after having his fingers burned

Todd Boehly at Stamford Bridge before a Chelsea game.
Clearlake Capital took full control of Chelsea on Wednesday after buying out Todd Boehly and his business partner Mark Walter. Photograph: Rafal Oleksiewicz/PA

Not since a doomed foray into the thorny world of the transfer market has Todd Boehly had any real influence over the day-to-day at Chelsea. The American exits football as a diminished figure four years on, along with his fellow investor Mark Walter, and the first thing to say is that little will change in the Stamford Bridge boardroom just because Boehly has left the scene.

Clearlake Capital, the US private equity firm founded by Behdad Eghbali and José E Feliciano, was already the majority owner and guiding force. The trio of Boehly, Walter and the Swiss billionaire Hansjörg Wyss had an equal share of a 38.5% stake but have drifted into irrelevance since the BlueCo consortium bought Chelsea from Roman Abramovich for £2.5bn in 2022.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.