Todd Boehly to be replaced as Chelsea chairman

Since Russian Roman Abramovich was pressured to promote Chelsea as a result of Russia-Ukraine battle, the London membership has been plunged right into a disaster below its new proprietor, American businessman Todd Boehly.

Now, it seems that the Boehly period at Chelsea has an expiration date as, in keeping with info from talkSPORT.com, there’s an settlement between non-public fairness agency Clearlake Capital and Boehly (and the opposite co-owners of the workforce) to rotate the administration of the membership each 5 years.

That may imply that for the 2026/27 season, Boehly could not be the primary administrator behind the membership. The American, regardless of solely proudly owning a minority stake within the membership, was chosen by the board of traders because the face of the venture and to be the one accountable for Chelsea.

Clearlake Capital, which is managed by Behdad Eghbali and Jose Feliciano, owns 61.5% of the membership, whereas Boehly has an equal cut up with Hansjorg Wyss and Mark Walter of 38.5% of Chelsea’s shares.

Chelsea below Boehly

Chelsea are eleventh within the Premier League this season they usually discover themselves out of European competitors for the second yr in a row having completed twelfth in 2022/23.

Below Boehly, Chelsea have reported losses of round 90 million and have spent greater than 1 billion on transfers for the reason that arrival of the brand new homeowners.