Who Is Todd Boehly And What Is His Net Worth?
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Who Is Todd Boehly And What Is His Net Worth?

The American Running Chelsea And His Huge Net Worth

In May 2022, following the Russian invasion of Ukraine, former Chelsea owner Roman Abramovich was forced to sell the London club under sanction rulings against Russian assets.

The Russian oligarch Abramovich had been in charge of the club for 19 years up until his forced sale, and in that time had overseen massive success come for the side, including two Champions League titles, five Premier League titles, five FA Cups, two Europa League titles and three League Cups.

Amongst the chaos of Chelsea needing to find new owners after so much success under the Abramovich ownership, in stepped a group led by American financier Todd Boehly to purchase the West London side for a whopping £4.25B.

The ownership of Chelsea under Boehly is actually shared, co-owned under what is named 'BlueCo' - the partnership is between Boehly and Californian private equity firm Clearlake Capital, who retain split voting rights.

Clearlake has the majority of the shares in the club but Boehly is the better known and more active face in the running of the club.

Who Actually Is Todd Boehly And How Rich Is He?

Boehly as mentioned earlier, is an American financier who made a name for himself in the financial world through his serving as president at Guggenheim Partners' credit business.

This isn't where he built his mass fortune, however; that came through his co-founding of holding company Eldridge Industries in 2015.

Eldridge Industries has what can only be described as a wide portfolio of investments but it is this that has brought them such wealth and turned them into such a huge company. They have investments ranging from Bruce Springsteen's song rights to film studio A24 all the way to media channels under Penske Media, which includes The Hollywood Reporter, Rolling Stone, Variety and Billboard.

To add to this, through his wealth, Mr Boehly has been able to acquire part ownership of multiple sports teams. He is co-owner via holding minority stakes in both the LA Lakers and LA Dodgers.

This last part helped sell his Chelsea ownership ambitions to the board upon his and BlueCo's bid to buy the club and it's not as though there wasn't stiff competition, with a club statement announcing that 250 enquiries were made into purchasing the club with confidentiality agreements being entered into with 32 prospective candidates.

His real-time net worth as per Forbes is at a cool $9.3B at the time of writing prior to the closing of the next trading day; this makes Boehly the 351st richest person in the world.

Todd Boehly And His Journey At Chelsea So Far

It's safe to say that Boehly has not had the plainest sailing during his time in charge of the Blues and it has so far been an ownership filled with controversy and a lot of fan questioning over the decision-making at the ownership level.

It began with the very questionable decision to sack then-manager Thomas Tuchel, who had just helped steer the side to a Champions League title just under a year prior. It was stated that the decision to sack the German manager was based on transfer policy differences and general disagreements over footballing philosophy.

It didn't help the new owners' case that they decided to replace Tuchel with and back an exciting new project, and Graham Potter ended up being nothing short of a failure.

To rub salt in the wound, the replacement for the first failure in Potter went on to be a failure himself, as Mauricio Pochettino couldn't get the side firing either. The club seem to have finally landed on their feet with current manager Enzo Maresca, who looks to be the perfect man for the job but it took a lot of trial and error to reach this point.

Speaking of trial and error, a huge amount of criticism aimed at Boehly and BlueCo has centred around their transfer strategy since taking ownership of the club.

Since the takeover in 2022, the club have spent roughly £1.2 billion on various signings, with the vast majority being focused on youth talent who have not yet even featured for the side but are seen as future investments.

Time will tell whether not only the transfer approach pays off but whether the Boehly ownership does too. So far it's been a bumpy ride but the club are looking increasingly like they're on the right track under Maresca. Plus, you might actually know who Todd Boehly is now.

Benji Kosartiyer
Journalist

Mathew Musgrave

Writer at FootballPark

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