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The Blues all-time top scorer is in the middle of his second season in charge at Stamford Bridge, with Chelsea currently sixth in a congested top half of the table.
He did guide Chelsea into fourth spot and secure Champions League qualification last term but his overall record in the league does not make for great reading.
Following a recent defeat to Arsenal and a draw at home to Aston Villa, Lampard has 27 wins, 11 draws and 16 defeats from 54 league games in charge of the Chelsea, giving him a points per game record of 1.70.
It's the same exact number Andre Villas-Boas managed during his unsuccessful nine month tenure in West London. In fact, out of all those who have been in the hotseat at Chelsea under Abramovich, only 'AVB' has a worse win percentage in the Premier League than Lampard.
The Portuguese manager won 48% of his 27 games as Chelsea boss in the top flight, with Lampard's statistic slightly better at 50%.
Claudio Ranieri, the first manager to work under Abramovich when he completed his takeover back in 2003, has a Chelsea Premier League win ratio of 52% and points per game of 1.82.
Former player Roberto Di Matteo, who won the Champions League and FA Cup, had the exact same win percentage and near enough same points per game (1.83).
Maurizio Sarri, the man who Lampard replaced at the helm, averaged 1.89 points per game. Luiz Felipe Scolari and Rafa Benitez managed a record of 1.96 points per game despite not being in the job for long at all.
But it's the quartet of Carlo Ancelotti, Antonio Conte, Jose Mourinho and Avram Grant who have all managed more than two points per game.
Mourinho won 66% of his 212 games in charge across two spells to give him a points per game stat of 2.19, putting him just ahead of Conte (2.14) and only behind Avram Grant (2.31) who only tasted defeat twice in 32 games as manager.
List in full:
Avram Grant - 32 games - 69% - 2.31 points per game.
Jose Mourinho - 212 games - 66% - 2.19 points per game
Antonio Conte - 76 games - 67% - 2.14 points per game
Carlo Ancelotti - 76 games - 63% - 2.07 points per game
Rafael Benitez - 26 games - 58% - 1.96 points per game
Luiz Felipe Scolari - 25 games - 56% - 1.96 points per game
Guus Hiddink - 34 games - 53% - 1.94 points per game
Maurizio Sarri - 38 games - 55% - 1.89 points per game
Roberto Di Matteo - 23 games - 52% - 1.83 points per game
Claudio Ranieri - 146 games - 52% - 1.83 points per game
Andre Villas-Boas - 27 games - 48% - 1.70 points per game
Frank Lampard - 54 games - 50% - 1.70 points per game