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Chelsea co-owners Clearlake Capital complete major £1.6bn deal amid Todd Boehly takeover talk

Chelsea co-owner Behdad Eghbali of Clearlake Capital, right, with Todd Boehly.
-Credit: (Image: Crystal Pix/MB Media/Getty Images)


Chelsea co-owners Clearlake Capital has expanded its business portfolio by completing a billion-dollar buyout of a software company in the US.

The consortium, in conjunction with Francisco Partners, has acquired newly-named tech industry frontrunners Black Duck Software - an American business which provides digital security testing to combat malicious malware and hacking. Among its clientele are Nasa and the US Department of Homeland Security.

The buy-out is worth a staggering $2.1billion (£1.6bn). That fee, in pounds, is only around half-a-billion more than the amount that Chelsea’s owners have spent on transfers since their arrival in May 2022.

The transaction, which was initially agreed upon in May, comes amid a time of reported discord in the Chelsea boardroom. Both Clearlake chief Behdad Eghbali and Todd Boehly are said to be discontented with how each other are approaching the running of Chelsea and wish to buy out their counterparts.

Clearlake is considered to have access to the finances needed to sustain such a complete takeover more so than LA Dodgers owner Todd Boehly. However, reports suggest neither party is willing to budge but remain unhappy with the present situation despite cordiality.

It is thought that Boehly has less sway over rubber-stamping decisions amid suggestions that he was unhappy with the exit of Mauricio Pochettino, who left by mutual consent following an end-of-season review this summer. Boehly is said to want a resolution to the current rift promptly.

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Despite the cooling relationship, both Boehly and Eghbali were photographed chatting and sitting next to one another at the London Stadium for Chelsea’s 3-0 win over West Ham in September.

The purchase of Black Duck Software is the latest addition to Clearlake’s business empire, which now has 52 entities. The firm also further manages 27 energy and industrial businesses and 12 food or consumer companies.