According to The Guardian Football, Chelsea have entered the realm of late-stage American sports capitalism, with the club's American owners recouping profits from the sale despite the team's lack of success. Since the May 2022 purchase of the club from Roman Abramovich, Chelsea have placed 12th, sixth, fourth and 10th in the league, with the team's fortunes failing to improve under the new ownership.
The club's American owners have been accused of prioritizing profits over sporting excellence, with Chelsea setting a new Premier League record for the biggest pre-tax loss. The team's signings, including Mykhailo Mudryk and Raheem Sterling, have been deemed busts and failures, with the club's women's team sold to itself as part of some accounting shenanigans to stay on the right side of financial regulations.
Boehly and Walter will walk away with a profit in their bank accounts, having sold their shares to Clearlake Capital for a reported $6.7bn (£5bn), doubling the club's supposed value after four chaotic years. The move marks the end of an era for Chelsea, as the club's American ownership model is replaced by a new era of investment and profit-driven ownership.