Boehly exits Chelsea as Clearlake takes full control
- Source
- The GuardianTier 1
- By
- Jacob Steinberg
- Published
Key points
- Clearlake Capital completes buyout of Boehly and Mark Walter, ending four-year power struggle at Stamford Bridge
- Boehly's influence waned after disastrous 2022 transfer window that cost around £300m and included Raheem Sterling's £325,000-a-week deal
- Clearlake founder Behdad Eghbali now sole decision-maker; little expected to change operationally but could affect stadium plans
AI summary
Todd Boehly's exit from Chelsea marks the end of a tumultuous four-year chapter. The American billionaire and fellow investor Mark Walter have been bought out by Clearlake Capital, the US private equity firm that has effectively controlled the club since the BlueCo consortium's £2.5bn purchase from Roman Abramovich in 2022.
Boehly's departure is largely symbolic. Clearlake, led by Behdad Eghbali, was already the majority owner and guiding force. Tensions between Boehly and Clearlake surfaced two years ago, with the billionaire's influence having evaporated after his calamitous spell as interim sporting director saw Chelsea squander roughly £300m on unsuitable players, including Sterling's eye-watering contract.
Original headline
Todd Boehly exits Chelsea diminished after having his fingers burned
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