The Guardian FootballChelsea have entered the realm of late-stage American sports capitalism | Leander Schaerlaeckens
The Blues’ lack of success was no impediment to Todd Boehly and Mark Walter recouping profits from the club’s sale. That’s how things work in the US Here follows a list of the things accomplished at Chelsea Football Club during a time that historians may choose to grandly term the First Clearlake Era, or perhaps the Boehly Bungle. Since the May 2022 purchase of the club from the sanctioned Russian oligarch Roman Abramovich, when Todd Boehly took over the club’s daily operations, Chelsea – Premier League champions as recently as 2017 and 2015, and Champions League winners in 2021 – have placed 12th, sixth, fourth and 10th in the league. A credible title challenge. Qualifying for European competition in two of four seasons, which ought to be the rock-bottom minimum for a club of Chelsea’s means. Building a new and larger stadium, even though one was mooted . Continue reading...
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