October 5, 2023

Chelsea’s co-owner has decided to reduce his role at Stamford Bridge following a difficult start to life at the club following the merger with Clearlake Capital.
According to rumors, Chelsea co-owner Todd Boehly intends to reduce his involvement in the team.

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According to Bloomberg, Boehly is now spending less time on the club’s day-to-day operations, having previously been more active in the aftermath of his takeover of Chelsea last year. When Roman Abramovich placed Stamford Bridge up for sale last year, Boehly and co-owners Clearlake Capital, along with Hansjoerg Wyss and Mark Walter, took over.
When Boehly arrived, he became the club’s interim sports director, and the Blues have since spent £600 million on transfers. Since the takeover, Chelsea has parted ways with Thomas Tuchel and Graham Potter, and Frank Lampard will serve as temporary manager until the end of the season.
With one game remaining this season and the team on track for its worst season in nearly 30 years, a mid-table Premier League finish is the best the Blues can hope for. Boehly and Clearlake are also expected to lose crucial cash to European competitors, and he confessed last month at a private gathering that mistakes had been made,’ according to Bloomberg.
“We very much believe that we’re going to figure it out,” Boehly said earlier this month. “We have the best league in the world, we have what I believe is the best city in the world, and we have an unbelievable location in the best city in the world.”It is the most strategically located city in the world; from London, you can reach everywhere swiftly. You know they want to win, and we get that. We want to win, too, so I think our perspective was that this was a long-term endeavor, and you know we’re committed to the long-term.”

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Boehly and Clearlake are in for a busy summer, with Mauricio Pochettino poised to take over as manager. Chelsea’s #1 objective is the Argentine former Tottenham Hotspur manager.

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