Todd Boehly net worth increases as Pochettino handed huge Chelsea summer transfer boost
Todd Boehly net worth increases as Pochettino handed huge Chelsea summer transfer boost
Chelsea owner Todd Boehly has seen his heavy investment into the Blues seemingly pay off despite an inconsistent season on the pitch as his personal net worth has ballooned over the past year.
The American billionaire leads the consortium, BlueCo., that took over at Stamford Bridge in May 2022 after Roman Abramovich was forced to sell the club, but his time at the helm of Chelsea has been anything but plain-sailing. The Blues have seen arguably their two most inconsistent seasons over the last 25 years since his arrival, having gone through four different managers until landing on Mauricio Pochettino.
However, the Argentinian has been under significant pressure from supporters for failing to steady the ship, despite having over £1 billion worth of player investment at his disposal. The American’s heavy spending has led to some concerns around the club’s decision-making around Financial Fair Play regulations, with points deductions and fines threats that the club have now stared in the face for a number of months.
The club are also at risk of breaching UEFA’s new ‘football earnings’ rules, which state that clubs in European competitions next season will be allowed to have lost a maximum of £34m (€40m) over the 2022/23 and 2023/24 seasons, with the Blues having recorded a total loss of £89.8m last season.
It means that the books may need to be balanced by selling players when the transfer window opens this summer, but Boehly has insisted in the past that Chelsea have abided by the rules. He stated: “The club continues to balance success on the field together with the financial imperatives of complying with UEFA and Premier League financial regulations. The club has complied with these since their inception in 2012 and expects to do so in the foreseeable future.”
With the inconsistency on the pitch though, it’s been a similar year off the pitch for Chelsea whose 2022/23 accounts revealed the club had secured £512million in revenue, which is six per cent more than last season. However, they also recorded £249m in day-to-day operating losses, nearly double Leicester City (£152m) in second place and saw their wage bill increase by almost 20 per cent to £404m.
With all that in mind, Boehly’s personal fortune has still seen a huge increase since he took over the club, with American business magazine Forbes estimating his net worth to be around $6.1 billion (£4.9B), nearly an $800m (£641m) increase on his reported net worth from last year’s $5.3B (£4.2B) and a $1.6B (£1.2B) increase from when he originally took over the club in May 2022.
It could mean an added incentive for Mauricio Pochettino to go after big names in the transfer market if the club can find a way to balance the FFP concerns, with 17-year-old Brazilian wonderkid Estevao already lined up to join the Blues with personal terms reportedly agreed between the player and the club.
