Power Tussle: Clearlake-Boehly Relationship On Brink Of Collapse As ‘Chaos’ Looms
Written By Albert Echatah
Todd Boehly’s relationship with Clearlake Capital has reportedly reached a breaking point.
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Boehly and Clearlake are willing to buy each other out. Clearlake has stated it will not be selling any shares, despite reports that Boehly and his associates have enough money to finance a full takeover.
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Clearlake, which is jointly owned by Behdad Eghbali, Jose E. Feliciano, and American billionaire Boehly—who also owns a part in the Los Angeles Dodgers—owns Chelsea.
It has been slightly more than two years since Roman Abramovich was forced to sell the team, but Clearlake is certain that it will not sell any of its 61.5% ownership or for Chelsea to be put up for auction once more, according to a report from Telegraph Sport.
It has come to light that Boehly thinks he can gather more than £2.5 billion rapidly in order to make Clearlake an offer that would profit the company.
While Boehly envisions his involvement in Chelsea lasting up to three decades, Clearlake sees it as a commitment spanning more than ten years and intends to extend its ownership.
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However, a gulf in culture has emerged amongst Chelsea’s co-owners, and Boehly has concluded that a solution must be found quickly because the club’s current structure is no longer viable.
There are disagreements on the club’s ethos and direction of travel, despite assertions that Boehly and Clearlake’s relationship is still professional.
If nothing changes, there’s a growing feeling that Chelsea could suffer greatly on and off the pitch as a pandemonium might break out.
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