Raheem Sterling’s exit from Stamford Bridge reportedly fuelled a boardroom war at Chelsea between Todd Boehly and Clearlake Capital.
While the new ownership at Chelsea initially presented a united front, tensions between Boehly and Clearlake have surfaced in recent months. The American businessman has reportedly been at odds with Behdad Eghbali, creating friction over how the club should be managed. These disputes have grown to the point where Boehly is reportedly exploring the possibility of buying out Clearlake Capital’s 61.5 per cent of shares in the club to consolidate his power at Stamford Bridge. However, Eghbali and Jose Feliciano, the driving forces behind Clearlake Capital, are allegedly not interested in selling their stake and have no intention of relinquishing control of Chelsea.
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THE BIGGER PICTURE
According to HITC, one of the key events that exacerbated the growing tensions between Boehly and Clearlake was the handling of Sterling’s future at Chelsea. Sterling, who was Boehly’s first major signing after taking charge of the club, was a marquee addition from Manchester City. The England international was seen as a crucial player for the Blues, and Boehly had high hopes for his success at Stamford Bridge. However, the England international failed to live up to expectations and ultimately found himself out of favour under Enzo Maresca which forced a deadline-day move to Arsenal.