Chelsea co-owner Todd Boehly has hinted at a potential split with majority shareholders Clearlake Capital due to disagreements over the club’s future stadium plans. While Boehly favours moving to a new multisport stadium, Clearlake is focused on redeveloping Stamford Bridge, despite logistical challenges. The outcome of this decision could shape Chelsea’s long-term financial and competitive future.
Boehly has acknowledged the divisions within Chelsea’s ownership regarding the stadium project, with discussions ongoing about whether to redevelop Stamford Bridge or build a new stadium at Earls Court. A move to Earls Court would allow Chelsea to remain at Stamford Bridge while construction takes place, but acquiring only 25% of the site is proving difficult. Clearlake is not looking to sell its 61.5% stake in the club, despite past reports of potential buyouts between the two ownership groups.
Chelsea risks falling behind rivals like Manchester City, Manchester United, and Tottenham, who are either expanding their stadiums or planning new ones. Clearlake’s preference for Stamford Bridge redevelopment could mean relocating the team to Wembley for up to seven years, which complicates the project further. Meanwhile, Boehly’s multisport venue vision aligns with Tottenham’s approach, which has been highly lucrative through hosting NFL, boxing, and concerts.
The debate over the stadium project comes as Chelsea continues heavy investment in young players, with recent deals for Geovany Quenda and Dario Essugo worth £62m. Boehly has defended Chelsea’s long-term squad-building approach, while also acknowledging the intense competition in the Premier League.
The decision over Chelsea’s future stadium will be critical, not just in shaping matchday revenue but also in determining whether Boehly and Clearlake can continue to work together or ultimately go their separate ways.
