Financial Times: Todd Boehly now pushing to gain full control of Chelsea FC

The original face of Chelsea Todd Boehly is now pushing to gain full control of the football club after a fallout with the majority owners, Clearlake Capital.

This story is huge and has been gaining traction over the weekend. It’s the latest Chelsea FC drama, and now even The Financial Times are reporting on it and putting out a big update on it on Saturday.

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Boehly might be the original face of Chelsea since the takeover a few seasons back, but it is Behdad Eghbali and Clearlake who assume the majority stakes in the club for now. Eghbali is the one who seemingly holds the most power right now, and it seems to be that this is what is frustrating Boehly, who has other ideas and plans.

Power struggle at Chelsea

The report says relations between Chelsea’s co-owners have deteriorated to the point where Todd Boehly is pushing to buy out the majority shareholder.

They say Boehly is considering all options, including raising funds to buy out Clearlake, which manages more than $80bn in assets, but the investment firm has no desire to sell down its stake in Chelsea, according to people with knowledge of the matter.

Boehly has grown frustrated over an inability to progress on key strategic goals, including stadium expansion and building the Chelsea brand, according to a person close to the situation.

So it’s not looking good and it seems that Clearlake have no interest in selling their stake. This story has a lot to play out now and more dramas to come.