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Monday, December 23, 2024

The power struggle between the owners means trouble ahead


There is never a dull moment when it comes to Chelsea Football Club, although off the pitch problems are causing real problems this time around.

Since Clearlake Capital and Todd Boehly took over at Stamford Bridge, there has been an incredibly high turnover of players and managers, and the feeling that the club has owners who really don’t have much of an idea of ​​how an English football club works.

It is as if the club as a whole is treated as just another financial vehicle alongside the many business interests of the various owners, and as each new problem presents itself, players and other assets are unwillingly sold off.

Boehly and Clearlake are at odds over Chelsea’s actions

It seems like a short-term solution to long-term problems.

Now, according to Bloomberg (subscription required), there’s a power struggle in the boardroom, with Boehly and Clearlake weighing their options, in terms of buying each other out.

The American businessman’s relationship with Behdad Eghbali is said to have cooled somewhat and remains purely professional.

Chelsea owner Behdad Eghbali is understood to be interested in buying Todd Boehly’s shares.

With things starting to take a turn for the worse, it’s clear that kicking one or the other out is a preference they’re both considering.

The Telegraph (subscription required) but note that Clearlake has no intention of being bought out and in fact only wants to increase its current 61.5% stake, leaving out Boehly and the other minority shareholders, Hansjorg Wyss and Mark Walter, all of them. owns 13% of the club.

Clearly, another tumultuous spell awaits the club when, in fact, some stability is what is needed in the blue half of west London.

From a fan perspective, fans are only likely to be concerned if the chaos behind the scenes once again translates into what’s happening on the field.

Since Roman Abramovich took over, things have been steadily going downhill, and this cannot be allowed to continue.



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