Football Insider reports that Todd Boehly, Chairman of Chelsea Football Club, is purportedly earning an eye-watering £15-20 million annually from Clearlake Capital to oversee the club’s operations. Since the consortium BlueCo, led by Boehly and Clearlake Capital, acquired Chelsea for £2.5 billion in May 2022, Boehly has been at the forefront of the London giants’ management.
Despite Boehly’s significant salary, sources indicate that he owns only around 10% of the club, with Clearlake Capital holding the majority stake. The consortium reportedly bought a 50% share in Chelsea, with Boehly as the principal figure.
Boehly’s staggering earnings surpass even the highest-paid players at Chelsea and rival those of top stars in the Premier League. Notably, Liverpool’s Mohamed Salah earns considerably less than Boehly’s reported annual income.
Under Boehly’s leadership, Chelsea has invested heavily in player recruitment, spending over £1 billion since his tenure began. However, the club’s on-pitch performance has not reflected this significant investment. In Boehly’s first full season as Chairman, Chelsea finished 12th in the Premier League, failing to qualify for European competition. This marked their first absence from European football since the 2015-16 season.
Currently, Chelsea sits 11th in the Premier League standings, with their recent FA Cup victory against Aston Villa offering a brief respite amidst a challenging season.
While Boehly’s substantial salary may raise eyebrows, questions linger about the club’s financial priorities and their ability to translate significant investment into on-field success. As Chelsea navigates through turbulent times both on and off the pitch, scrutiny over Boehly’s remuneration adds another layer to the ongoing narrative surrounding the club’s future direction.
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