Chelsea news as the club's public-facing co-owner Todd Boehly sees his net worth rise once more despite struggles on the pitch at Stamford Bridge.
Chelsea co-owner Todd Boehly continues to be a name on the lips of many inside the footballing world and it's not for positive reasons. The American businessman has made sweeping changes with the club, who were reigning world and European champions at the time of his joint purchase with Clearlake Capital, but things have gone downhill.
Things only got worse for Boehly as he acted as an interim sporting director in the absence of other bodies at the club. The new owners decided to move on influential recruitment officers, leaving the job to themselves on a temporary basis, and the choices made have massively backfired.
After just seven month of Graham Potter, a man handed the most lucrative contract in league history following a £20million ($24m) payment to Brighton to end his deal there, Boehly and Eghbali, alongside former Brighton chief Paul Winstanley, took the decision to sack Potter as well.
Chelsea were purchased for over £2.5billion ($3.1bn) in May 2022 with a promise to invest more than £2billion ($2.5bn) into the club over a ten-year period to continue its expansion into the global market. The owners, Boehly included, have already spent over £1billion ($1.2bn) on new players alone in order to revamp the squad under current manager, Mauricio Pochettino.
Boehly goes from strength-to-strength in his business life though. At the start of July the 49-year-old had an estimated net worth of £5.18billion ($6.54bn) according to Bloomberg Billionaires Index. That was a huge rise from £4.2billion ($5.3bn) the year before and continues a large and consistent growth for Boehly.
Despite the football world seeing Boehly in a negative light for his brash spending and stategic decisions at SW6, his net worth has jumped once more following the transfer window. Bloomberg now value him at £5.20billion ($6.57bn), a hike of around another £20million ($24m).
Chelsea fans will now be hoping that the owner can turn this success into better results on the pitch or pressure may start to build on Boehly and Co already.