From an external perspective, Chelsea have appeared disorganised ever since Todd Boehly and Clearlake Capital assumed control of the Premier League club in May 2022. However, matters are set to become even more turbulent as the relationship between the two parties has deteriorated.

The Telegraph reports that Chelsea are on the brink of a “civil war,” with Boehly believing his relationship with Clearlake has reached breaking point. The 50-year-old is seeking to buy out his co-owners to resolve the “untenable” situation that has unfolded at Stamford Bridge.

Boehly, who has been a prominent figure at Chelsea since 2022, aims to amass over £2.5 billion to purchase Clearlake’s Behdad Eghbali and Jose E Feliciano’s stakes. He remains determined to advance his long-term vision for the Premier League club, which includes plans for a new stadium in West London.

The challenge Boehly faces is that Clearlake have no intention of relinquishing their stake at this early stage.

Boehly owns only 13 per cent of Chelsea, the same as fellow businessman Hansjorg Wyss and Mark Walter, while Clearlake hold 61.5 per cent. This gives the private equity firm the upper hand in the dispute and a stronger chance of ousting Boehly. However, Clearlake would need to convince Wyss and Walter to sell their shares as well to acquire the remaining 38.5 per cent.

Since Boehly’s arrival in 2022, Chelsea have been in turmoil. The club has seen numerous managers come and go, with the current head coach arguably the least successful of all permanent appointments in the past two years.

The Blues' transfer strategy has been problematic, with the club overpaying for several players and currently having an excess of personnel. This has led to issues with the Premier League’s profit and sustainability regulations, which could pose further challenges for Chelsea in the future.

The ongoing ownership conflict exacerbates the situation, and it remains to be seen how it will unfold.

Ultimately, the fans are the ones suffering, having voiced their frustration with the current ownership on multiple occasions. Unless results on the pitch improve, discontent among supporters may only grow.