'I Would Say...' - Stefan Borson drops emphatic verdict on Chelsea takeover valuation

Chelsea’s valuation is likely to have decreased over the past couple of years despite the owners believing the club should be worth more than they paid to buy it.

That is the view of finance expert Stefan Borson, who exclusively told Football Insider the ownership group will argue they have done a lot of positive things to set the London giants up for the future.

A consortium led by Todd Boehly completed its £4.25billion takeover in May 2022, bringing to an end Roman Abramovich’s 19-year reign at Stamford Bridge.

But under the agreement, Behdad Eghbali’s Clearlake Capital secured a 61.5-per-cent stake in the Premier League side, while Boehly and fellow billionaires Mark Walter and Hansjorg Wyss each hold 12.8-per-cent shareholdings.

Bloomberg reported on 6 September Boehly now wants to buy out the US private equity firm after relations between the west London club’s owners have soured in recent months.

But Sky Sports reported on 10 September Clearlake has no intention of selling its shares, with the two parties in a stand-off over who will take Chelsea forward.

After failing to get into the Champions League over the past two seasons despite spending more than £1billion on transfers, it’s unclear how much money the club is currently worth.

Chelsea valuation likely to have dropped over past two years

Borson insisted it’s hard to see why Chelsea’s valuation would have gone up during that time.

He told Football Insider: “Clearly, since the owners bought the business, it’s harder to get into the Champions League because you have got some more challengers.

“You have got Villa, Newcastle and you have still got Spurs, Arsenal, Man City and Liverpool. Ultimately, six, seven or even eight doesn’t going into four.

“If you have not got that £100million a year in Champions League revenue for a club like Chelsea, where they have got maybe £250million player amortisation and a £300million wage bill even if they have reduced it, straight away you are losing money.

“I would say the value has gone down, but I’m not an American private equity house looking to buy a football club.

“I’m sure they would argue all day long that the value has gone up and they have done all sorts of positive things since they took over, and that they are well set for the future.

“They will, therefore, believe they should have an enhanced valuation, but it’s hard to see why.”

In other news, major update on Chelsea agreeing January deal for Viktor Gyokeres.

For more Chelsea and exclusive news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.

The post 'I Would Say...' - Stefan Borson drops emphatic verdict on Chelsea takeover valuation appeared first on Football Insider.