• Football
  • Boxing
  • UFC
  • Home
  • Football
    • England
    • Transfer News
    • Premier League
    • Champions League
    • Lionel Messi
    • Cristiano Ronaldo
    • EA FC 25
    • Wrexham
  • Boxing
    • Tyson Fury
    • Anthony Joshua
    • Oleksandr Usyk
    • Mike Tyson
    • Jake Paul
    • Logan Paul
  • UFC
    • Dana White
    • Conor McGregor
    • Khabib Nurmagomedov
    • Jon Jones
    • Paddy Pimblett
    • Joe Rogan
  • Other Sport
    • Athletics
    • Formula 1
    • MMA
    • Motorsport
    • NBA
    • Darts
    • NFL
    • Snooker
    • Wrestling
    • Tennis
    • Cricket
    • Golf
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube
Todd Boehly to be removed as Chelsea chairman as date named for major change behind the scenes

Home> Football> Football News> Chelsea

Published 16:14 28 Mar 2024 GMT

Todd Boehly to be removed as Chelsea chairman as date named for major change behind the scenes

Todd Boehly is set to be removed as the Chelsea chairman, according to a fresh report.

Chris Byfield

Chris Byfield

Todd Boehly is set to be removed as the Chelsea chairman in 2027, according to a fresh report.

Chelsea have endured a dismal couple of seasons under the ownership of Boehly and Clearlake Capital. On the pitch the Blues are currently 11th in the Premier League and last month lost the Carabao Cup final to a depleted and youthful Liverpool side.

Moreover, away from the pitch they’ve spent in the region of £1billion on player transfers in the last two years and have made a pre-tax loss of £90.1million in the past 12 months to June 30.

Advert

And according to Sports Mail, the club's American co-owners have an agreement to pass the chairmanship between themselves every five years and plan to do just that at the end of the 2026-27 season.

Under the terms of the group’s 2022 takeover, Boehly is thought to have ‘gone first’ despite holding a minority stake.

Private equity firm Clearlake Capital, manager by fellow owners Behdad Eghbali and Jose Feliciano, are said to have a 61.5 per cent share in the Blues, while Boehly has an equal split of the remaining 38.5 per cent with Hansjorg Wyss and Mark Walter.

Advert

Eghbali or Feliciano may choose to inherit the chairmanship from Boehly in 2027, or they may identify a third party. While no decision has been made yet on the chairmanship, the Mail report alleges that Boehly will be removed from the post.

Todd Boehly has endured a tumultuous spell as Chelsea chairman (Getty)
Todd Boehly has endured a tumultuous spell as Chelsea chairman (Getty)

He would have the option to return in 2032 however, should he wish to do so and retain his stake at Stamford Bridge.

The decision to opt for Boehly as the club’s first chairman was routed in the terms of the 2022 sale agreement, which stated the 50-year-old's group was liable to pay any first losses in the event of a realisation or a sale.

Advert

Mail Sport has claimed that Boehly’s group hold what is termed ‘common stock’ while Clearlake have ‘preferred stock’ which is more protected against any financial downside.

Chelsea have repeatedly denied accusations of a breakdown in the relationship between Boehly and Clearlake. The parties reportedly have a professional working relationship and are in regular contact while a signature from both Eghbali and Boehly is needed on major decisions.

Featured Image Credit: Getty

Topics: Chelsea, Todd Boehly, Premier League, Football

Chris Byfield
Chris Byfield

Sport journalist with experience writing on football, rugby, boxing and the Olympics. I'm also a Crystal Palace fan. Please don't hold this against me.

Advert

Advert

Advert

Choose your content:

3 hours ago
4 hours ago
6 hours ago
  • 3 hours ago

    Ex-Chelsea wonderkid tipped to be 'football's next big thing' announces shock retirement from football

    The player made seven appearances for Chelsea and was once compared to Eden Hazard.

    Football
  • 4 hours ago

    Alexander Isak 'cut price tag' revealed as Liverpool deal with Newcastle 'in play'

    The Newcastle United forward has attracted interest from several top clubs this summer.

    Football
  • 6 hours ago

    Xabi Alonso has found the new Luka Modric for Real Madrid and it could be the signing of the summer

    The Real Madrid boss could be set to replace the veteran midfielder, who will leave the club later this summer.

    Football
  • 6 hours ago

    Odds slashed on Lionel Messi's next club as clear favourite emerges after huge news drops on Inter Miami star's future

    Lionel Messi has been linked with a move away from Inter Miami.

    Football
  • Stunning report claims Todd Boehly is ‘considering his options’ as Chelsea owner after just two years in charge
  • Chelsea 'could face exclusion from Europe' as UEFA 'ban' loophole used by Todd Boehly
  • Chelsea plunged into 'civil war' chaos as Todd Boehly ownership situation takes fresh twist
  • Chelsea icon Mikel John Obi delivers furious on-air rant at how his club is being run by Todd Boehly