Private Equity

Clearlake Capital sacks Chelsea manager Thomas Tuchel 100 days after taking ownership

Business tycoon Todd Boehly describes his team as a 'portfolio' and talks about compiling 'investment memos' on players

Wednesday 7 September 2022 at 11:39

Thomas Tuchel’s shock sacking comes after the team suffered a defeat in the Champions League on 6 September
Thomas Tuchel’s shock sacking comes after the team suffered a defeat in the Champions League on 6 September Photo: Luka Stanz/Getty Images

Not many decisions by private equity bosses get the full glare of media spotlight, but one today certainly did.

Chelsea Football Club, now owned by private equity firm Clearlake Capital and business tycoon Todd Boehly, has just sacked its manager Thomas Tuchel after the team suffered a defeat in the Champions League last night.