2 months ago
Another Premier League season is officially underway, and despite the usual dose of high hopes for Chelsea, the flagship football club finds itself embroiled in more uncertainty than it ever expected.
Minority stakeholders Mark Walter and Todd Boehly, who own a combined 26 percent (13 percent apiece) of Chelsea, are reportedly in talks to sell their shares to Clearlake Capital, which already controls around 61.5 percent of the franchise. To be sure, the talks between Boehly and Clearlake, specifically, are not new. The sides have discussed an ownership stake exchange in the past, albeit to no avail.
This time around, however, another is added to the equation: Walter, who recently sold the NBA's Los Angeles Lakers and also owns MLB's Los Angeles Dodgers, is under federal investigation for misreporting what's known as related-party loans among his own business ventures. Though nothing has been finalized, Walter's dilemma injects previously unheard-of urgency into the equation.
The news is another blow to Chelsea fans who have grown to distrust the current ownership regime. Their skepticism is not without merit, either. Just as sports betting enthusiasts will search "Is Betonline legit" when shopping around for a place to make wagers, they along with the EPL at large probably need to be wondering whether this Chelsea ownership group is, in fact, built to lead the club into the future.
While Walter's current legal situation raises all sorts of red flags as purchase talks continue, this is far from the first time these parties have found themselves battling murky circumstances.
#Chelsea #walter
Minority stakeholders Mark Walter and Todd Boehly, who own a combined 26 percent (13 percent apiece) of Chelsea, are reportedly in talks to sell their shares to Clearlake Capital, which already controls around 61.5 percent of the franchise. To be sure, the talks between Boehly and Clearlake, specifically, are not new. The sides have discussed an ownership stake exchange in the past, albeit to no avail.
This time around, however, another is added to the equation: Walter, who recently sold the NBA's Los Angeles Lakers and also owns MLB's Los Angeles Dodgers, is under federal investigation for misreporting what's known as related-party loans among his own business ventures. Though nothing has been finalized, Walter's dilemma injects previously unheard-of urgency into the equation.
The news is another blow to Chelsea fans who have grown to distrust the current ownership regime. Their skepticism is not without merit, either. Just as sports betting enthusiasts will search "Is Betonline legit" when shopping around for a place to make wagers, they along with the EPL at large probably need to be wondering whether this Chelsea ownership group is, in fact, built to lead the club into the future.
While Walter's current legal situation raises all sorts of red flags as purchase talks continue, this is far from the first time these parties have found themselves battling murky circumstances.
#Chelsea #walter
3 months ago
Chelsea chairman Todd Boehly and director Mark Walter are considering selling their stakes in the Premier League side to the club's majority owner Clearlake Capital, according to reports on Monday.
American billionaires Boehly and Walter were two of the investors who partnered with Clearlake to buy Chelsea from Roman Abramovich for £2.5 billion ($3.3 billion) in May 2022.
Private equity company Clearlake currently owns 62 percent of Chelsea, with Boehly and Walter holding the remaining shares with fellow investor Hansjorg Wyss.
Boehly, Walter and Wyss control 38 percent through Blueco Holdings.
Boehly has reportedly been dissatisfied with the direction of Chelsea, notably regarding recruitment, managers and a potential new stadium plan.
#Chelsea #clearlake #percent #premier
American billionaires Boehly and Walter were two of the investors who partnered with Clearlake to buy Chelsea from Roman Abramovich for £2.5 billion ($3.3 billion) in May 2022.
Private equity company Clearlake currently owns 62 percent of Chelsea, with Boehly and Walter holding the remaining shares with fellow investor Hansjorg Wyss.
Boehly, Walter and Wyss control 38 percent through Blueco Holdings.
Boehly has reportedly been dissatisfied with the direction of Chelsea, notably regarding recruitment, managers and a potential new stadium plan.
#Chelsea #clearlake #percent #premier
3 months ago
Chelsea goalkeeper Filip Jorgensen has given his approval to join Strasbourg on season-long loan move.
The 24-year-old has been targeted by the French side's new manager Hugo Oliveira, who wanted a ball-playing goalkeeper after Mike Penders returned to Stamford Bridge after his own loan stint.
The move highlights how the two clubs, both part of the Clearlake-Boehly ownership group known as BlueCo, are developing players but each move needs the final agreement of those involved.
It is understood Jorgensen is now ready to make the switch to the Ligue 1 club in a bid to play more regularly, after struggling to dislodge Chelsea's first-choice goalkeeper Robert Sanchez.
Jorgensen had been training with Chelsea earlier in their pre-season tour but returned to London to resolve his future last week.
#loan
The 24-year-old has been targeted by the French side's new manager Hugo Oliveira, who wanted a ball-playing goalkeeper after Mike Penders returned to Stamford Bridge after his own loan stint.
The move highlights how the two clubs, both part of the Clearlake-Boehly ownership group known as BlueCo, are developing players but each move needs the final agreement of those involved.
It is understood Jorgensen is now ready to make the switch to the Ligue 1 club in a bid to play more regularly, after struggling to dislodge Chelsea's first-choice goalkeeper Robert Sanchez.
Jorgensen had been training with Chelsea earlier in their pre-season tour but returned to London to resolve his future last week.
#loan
3 months ago
Chelsea were fined £10 million ($13.4 million) and given a suspended two-window transfer ban on Friday after an appeal hearing into sanctions imposed for multiple breaches of Football ******* ociation rules.
The Premier League club were initially given a suspended six-point deduction along with a fine, but the points penalty has now been replaced by the suspended registration ban.
The club had admitted to 74 breaches of FA regulations covering agents, working with intermediaries and third-party investment in players.
Owners Todd Boehly and Clearlake Capital self-reported the breaches to football authorities in 2022, when they were in the process of buying the club from Russian billionaire Roman Abramovich.
The six-point deduction, which was to have been suspended until the end of June 2027, was imposed by the independent commission that initially heard the case but the club appealed against that sanction.
#imposed #initially
The Premier League club were initially given a suspended six-point deduction along with a fine, but the points penalty has now been replaced by the suspended registration ban.
The club had admitted to 74 breaches of FA regulations covering agents, working with intermediaries and third-party investment in players.
Owners Todd Boehly and Clearlake Capital self-reported the breaches to football authorities in 2022, when they were in the process of buying the club from Russian billionaire Roman Abramovich.
The six-point deduction, which was to have been suspended until the end of June 2027, was imposed by the independent commission that initially heard the case but the club appealed against that sanction.
#imposed #initially
4 months ago
Everyone at Chelsea respects the quality of Enzo Maresca's management, but his departure ultimately ended in fraught circumstances.
His decision to resign, which he has now admitted "opened a path" for him to join Manchester City, proved damaging to Chelsea's season. It contributed to a chaotic campaign in which they finished 10th, sacked another manager and cost the club millions in lost television revenue.
It led to a prolonged legal dispute that has only recently been resolved, allowing all parties to draw a line under the matter.
For Chelsea, Maresca's first season will still be remembered as their most successful under Todd Boehly and Clearlake Capital. They qualified for the Champions League for the only time in four years since acquiring the club from Roman Abramovich, and won their first silverware in the Club World Cup and the Conference League.
City, meanwhile, have secured Chelsea's highest regarded manager since Thomas Tuchel, one who also has the backing of Pep Guardiola, having previously served as his **** istant during a Treble-winning campaign.
His decision to resign, which he has now admitted "opened a path" for him to join Manchester City, proved damaging to Chelsea's season. It contributed to a chaotic campaign in which they finished 10th, sacked another manager and cost the club millions in lost television revenue.
It led to a prolonged legal dispute that has only recently been resolved, allowing all parties to draw a line under the matter.
For Chelsea, Maresca's first season will still be remembered as their most successful under Todd Boehly and Clearlake Capital. They qualified for the Champions League for the only time in four years since acquiring the club from Roman Abramovich, and won their first silverware in the Club World Cup and the Conference League.
City, meanwhile, have secured Chelsea's highest regarded manager since Thomas Tuchel, one who also has the backing of Pep Guardiola, having previously served as his **** istant during a Treble-winning campaign.
