JUST IN: Clearlake Capital’s Makes Fresh Todd Boehly’s Step Down Demands Amidst Chelsea’s Civil War
The relationship between co-owner Chelsea Boehly and Clearlake Capital’s Behdad Egbali broke down beyond repair over the weekend, with reports suggesting both sides are looking to buy the other out.
The relationship may not be as broken as some say, but it is true that Boehly is interested in becoming the sole owner of Chelsea.
SportyValid understands that Chelsea’s infighting has prompted American private equity fund Clearlake Capital, which owns the majority of the club’s shares, to consider buying Todd Boehly or striking a deal with the billionaire that would remove his large influence, thereby making play just a ceremonial role.
Clearlake Capital, led by Behdad Egbhali, is reportedly trying to make Todd Boehly sell off his share or accept changes to Chelsea’s board that would remove him from the board and strip him of decision-making power in exchange for financial benefits.
Clearlake Capital believes Todd Boehly should consider stepping down as Chelsea chairman. One of Clearlake’s main goals is to ensure that minority shareholders have no say on the board. But Todd Bohli, who wants to resolve the situation as quickly as possible, is confident that Clearlake investors are willing to pay £2.5bn to buy a 61.5% stake.
SportyValid understand that Todd Boehly would not agree to give up the reigns.
