Boehly OUT: Chelsea boss to sell his shares after just two years

Tom Weber

• Updated: 7 Sep 2024 03:35 CDT
• 3 min read

Todd Boehly is considering selling his shares in Chelsea, according to a report.

The face of Chelsea's project in the post-Roman Abramovich era, Todd Boehly could soon leave the Blues. According to Sky Sports, the American entrepreneur is weighing up relinquishing his shares.

Boehly and a consortium led by Clearlake Capital acquired Chelsea in 2022 after Abramovich was ousted in the wake of Russia's invasion of Ukraine and proceeded to pump significant funds into the west London club.

READ MORE: FIFPRO president SLAMS Chelsea for 'crazy' Palmer decision

However, despite spending north of €1.2 billion on new recruits, tangible success has eluded Chelsea and Boehly has become the main scapegoat for the mess at Stamford Bridge.

He previously took a very hands-on approach and was responsible for recruitment. He has let more qualified people do the job since but he is still required to sign off on every decision. This could soon change, however.

Boehly to leave?

Sky Sports reports that Boehly is considering selling his shares and Clearlake are open to buying him out. Behdad Eghbali's firm, however, is not willing to forfeit its 62 per cent ownership of the club.

Any deal would only see Boehly give up his stake. Clearlake 'remain totally committed' and are 'not under any pressure to sell,' the report notes. Citing Bloomberg, it is mentioned that the relationship between Boehly and Eghbali is thought to have deteriorated.

READ MORE: Chelsea star admits Boehly's transfer policy 'difficult' to deal with

However, communication between the two remains professional and cordial. Clearlake are confident that they have overcome the worst period of upheaval and can now move forward into a better future - and one potentially without Boehly.

Whether Chelsea's future is indeed as bright as Eghbali and company believe remains to be seen, however. Chelsea's transfer policy is still being scrutinised in the industry and some allege that what they are doing is not 'best practice,' which may yet come back to haunt the Blues.