Chelsea faces scrutiny after profit amid unfulfilled promises

Chelsea Football Club's ownership under Todd Boehly has drawn criticism as the club has struggled in recent seasons. Since being acquired in May 2022, Chelsea has finished 12th, 6th, 4th, and 10th in the Premier League, while spending approximately $2.37 billion on new players. Despite this investment, the club has not qualified for European competition in two of the last four seasons. Boehly and minority stakeholder Mark Walter sold their shares, exiting with a profit despite the team's lack of success, illustrating the disconnect between club performance and financial outcomes in American ownership structures.

• 1:16 PMYahoo Sports — Chelsea have entered the realm of late-stage American sports capitalism