Wee Baby Seamus
Yo, Goober, where's the meat?
Eghbali buying out Boehly seems likelier than vice versa, unfortunately.Loading…
www.nytimes.com
Cliff notes is that the ownership group is on fire, they never truly get along, it's been a partnership of convenience due to how quickly the bid had to come together following sanctions against Abramovich. It's now backfiring. Boehly comes across as the more level-headed/stability guy (despite his early idiocy) whereas Eghbali and his sporting directors de facto control the club and are insanely trigger-happy. Boehly doesn't veto anything because 'he wants to pick his battles'. He's gotten overruled on everything, including Pochettino albeit it seems he may have talked out of both sides of his mouth a bit to ownership and to the media.
Reading between the lines and where the majority of the money is coming from, it seems unlikely that Boehly ends up buying out Eghbali and his guys IMO.
Clearlake’s stance is that the future holds only two possible options: a continuation of the status quo or a buyout that would see it take full control of Chelsea. A person familiar with the firm’s thinking insists that it has no need or desire to sell its majority stake and already has the funds to relieve Boehly and his fellow investors, Mark Walter and Hansjorg Wyss, of their shares if they are unwilling to continue with the existing arrangement.
However, I don't think Boehly is bluffing when he suggests that he's been approached by people wanting to be part of a consortium to buy out Clearlake, and there's an argument to be made that Boehly buying out Clearlake makes more sense than vice versa as a private equity strategy. If there's anything a private equity parasite loves, it's a quick in-n-out - buy your stake, raise short-term value through quick actions, and get out at a gain. Clearlake buying out Boehly, conversely, doesn't make huge amounts of private equity sense unless they genuinely think they can juice the value even higher.