Let’s fig­ure out how every­thing works.

A few days ago the Dai­ly Mail released inter­est­ing insid­er that Todd BouhWill he leave his post? chair­man of the board Chelsea in 2027. And this infor­ma­tion raised a log­i­cal ques­tion: is Boeli real­ly not the sole own­er of the club, like Roman Abramovich before him?

Time to fig­ure it out.

Wu Bouhwhether there is not even a controlling stake, but he was in charge for the first six months





After the UK imposed sanc­tions on Abramovich in 2022, the Russ­ian busi­ness­man had no choice but to sell Chelsea. Poten­tial buy­ers showed up imme­di­ate­ly. Includ­ing BouhLee, who was inter­est­ed in acquir­ing the Lon­don club back in 2019, offered three bil­lion dol­lars, but Abramovich refused. Todd even­tu­al­ly achieved his goal and pur­chased the club. How­ev­er, con­trary to pop­u­lar opin­ion, it still does not have a con­trol­ling stake.

Han­sjörg Wyss, Todd Boeli and his son.
Pho­to by Reuters

The fact is that the legal own­er of Chelsea is the Blue­Co con­sor­tium: it includes Bo him­selfuhLee, his busi­ness part­ner Mark Wal­ter, Swiss busi­ness­man Han­sjörg Wyss and Clear­lake Cap­i­tal. The share is divid­ed as fol­lows: Clear­lake holds 60% of the shares, and the remain­ing 40% is divid­ed between a trio of busi­ness­men. That is, Todd has only 13.3% of the shares. How­ev­er, the reports indi­cat­ed that the par­ties would have equalvalu­able vot­ing right.

In the sum­mer, the final com­po­si­tion of the board of direc­tors was formed at Chelsea, and Boeli him­self was appoint­ed pres­i­dent until 2027 and inter­im sport­ing direc­tor: Mari­na Gra­novskaya left along with Abramovich, and there were only a few days left before the open­ing of the sum­mer trans­fer win­dow. This was an emer­gency mea­sure, since the search for a spe­cial­ist could take a long time — Bo him­self spoke about this almost direct­lyuhLee, who did not hold on to the posi­tion and argued about the need to find a suit­able per­son.

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Under BouhLee pulled off a leg­endary trans­fer cam­paign in the sum­mer of 2022, spend­ing on new­com­ers (Ster­ling, Fer­nan­dez, Mudrik, Cucurel­laFofana and oth­ers) about 300 mil­lion euros. Todd is still under pres­sure from fans and the media — pri­mar­i­ly for the huge over­pay­ments for not the most top play­ers. The Amer­i­can also flew in for the 2023 win­ter cam­paign for the same rea­sons. But in gen­er­al, Boeli is not respon­si­ble for trans­fers to Chelsea. IN In Decem­ber 2022, a spe­cial breed­ing depart­ment was formed con­sist­ing of Paul Win­stan­ley, Christo­pher Wiv­ell, Lawrence Stew­art and Joe Shields. It was under their lead­er­ship that Fer­nan­dez, Mudrik, Caice­do and Lavia arrived at Stam­ford Bridge.

Now BouhLee holds exclu­sive­ly the posi­tion of pres­i­dent of the club, but, as already men­tioned, he will be replaced in 2027. The Dai­ly Mail also report­ed that, in the­o­ry, Todd could have been kept in office until 2032, but the board of direc­tors was not impressed with his work and had already found a replace­ment for him. And here begins The most inter­est­ing.

Behdad Egh­bali and Todd Boeli.
Pho­to by Get­ty Images

It seems that Bouhis there a conflict with the co-owners of Chelsea?

One of the Clear­lake Cap­i­tal rep­re­sen­ta­tives on the board of direc­tors are Behdad Egh­bali and Jose Feli­ciano, they are also the founders of the com­pa­ny. Here it is nec­es­sary to make a reser­va­tion that, despite the sta­tus, the share of each of them is infe­ri­or to Bo’s shareuhLee (after all, there are oth­er rep­re­sen­ta­tives of Clear­lake). That is, no one in the club has pow­er at Abramovich’s lev­el, A all deci­sions are made col­lec­tive­ly.

How­ev­er, insid­ers report that it is Egh­bali and Feli­ciano who are Chelsea’s gray emi­nences. They make key deci­sions about club strat­e­gy, includ­ing play­ers and coach­es. For exam­ple, in The Tele­graph writethat they invit­ed Mauri­cio Pochet­ti­no.

The duo’s influ­ence has increased since the begin­ning of 2023, pre­cise­ly at the moment when Boeli del­e­gat­ed the duties of sport­ing direc­tor. Todd, as expect­ed, became less involved in club affairs, but to say that the Amer­i­can has lost inter­est in Chelsea is also wrong. He has shares in two bas­ket­ball teams from Los Ange­les: the Lak­ers and the Sparks, the Los Ange­les Dodgers base­ball team, and last year the Blue­Co con­sor­tium bought the French Stras­bourg, which, togeth­er with Chelsea, should become part of the glob­al fran­chis­es — nego­ti­a­tions are prob­a­bly under­way with oth­er clubs. That is, Bo has things to douhIs it full?

Jokes about Chelsea being mediocre must dis­ap­pear. Boeli turned them into harsh real­i­ty

In ear­ly March, The Guardian spoke in detail about the state of affairs in the Chelsea man­age­ment (includ­ing they were the first to report a change of pres­i­dent in 2027). Accord­ing to the pub­li­ca­tion, BouhLee and Clear­lake dis­agree on the club’s man­age­ment strat­e­gy. Clear­lake investors wor­ried about Lon­don­ers’ sport­ing cri­sis hit­ting earn­ings — Bouhwhether or works for the long term and is will­ing to wait sev­er­al years.

Bye Todd not par­tic­u­lar­ly wor­ried about miss­ing out on the Cham­pi­ons League again, Egh­bali and Feli­ciano are under a lot of pres­sure from Clear­lake share­hold­ers. There­fore, they con­stant­ly (espe­cial­ly EgbalAnd) attend Chelsea match­es, go into the dress­ing room, com­mu­ni­cate with the staff and keep abreast of all the events. For exam­ple, after los­ing the League Cup final, Behdad chat­ted with Pochet­ti­no on the phone until the night, while BouhLee lim­it­ed him­self to com­mu­ni­cat­ing with the Argen­tine.

At the same time, Stras­bourg fans are also putting pres­sure on Egh­bali. They believe that Blue­Co and Behdad in par­tic­u­lar do not pay enough atten­tion to the French club and are fail­ing with trans­fers: a meet­ing was planned between the fans and the new man­age­ment, but the big shots of Blue­Co did not come to it.

Pho­to by AFP

Bo’s depar­tureuhWhether from the post of pres­i­dent rais­es ques­tions for anoth­er rea­son: why does Blue­Co need this if Todd per­formed the role of a light­ning rod per­fect­ly? With each fail­ure, fans lynched the Amer­i­can, who him­self report­ed­ly shrugged off the crit­i­cism. Thus, Egh­bali, Feli­ciano and oth­ers worked in a calmer envi­ron­ment. At the same time, BouhLee did not enter into con­tro­ver­sy with Behdad over the man­age­ment of Chelsea.

Prob­a­bly, the increas­ing fre­quen­cy of inside sto­ries about Egh­bal­i’s influ­ence and his pub­lic appear­ances at Stam­ford Bridge are grad­u­al­ly dis­pelling the myth of the almighty BouhLee, who runs the club sin­gle-hand­ed­ly. And giv­en the shift in his focus to oth­er projects, the board decid­ed to final­ly change. Todd him­self prob­a­bly did­n’t mind.

In gen­er­al, Chelsea is much more inter­est­ing than it ini­tial­ly seemed. It remains to be seen what the man­age­r­i­al adven­tures will lead to in three years.