Chelsea to oust Todd Boehly as chairman, reason revealed

For months, Chelsea fans and club officials have been circulating rumors that the club’s American powerbase, anchored by Todd Boehly, is splitting apart. The club has categorically disputed these claims.

The war between Russia and Ukraine compelled the Russian owner, Roman Abramovich, to sell Chelsea. With the arrival of American investor, Todd Boehly, the London club has been in a state of turmoil.

It will not do much to quell the speculations, however, since it seems the Boehly period at Chelsea has an end date.

Chelsea to remove Todd Boehly from position

After purchasing the Stamford Bridge club in 2022 with Clearlake Capital, the American assumed the role of Chelsea chairman. He oversaw a $1.26 billion transfer budget, but all it got him was a defeat in the Carabao Cup Final.

That season saw the dismissal of two managers, Thomas Tuchel and Graham Potter. At the same time, the arrival of Mauricio Pochettino last summer did not result in a performance improvement.

Still, a change five years after the acquisition was inevitable due to the remarkable deal reached by Boehly and the majority shareholder Clearlake Capital. Along with other investors Hansjorg Wyss and Mark Walter, Boehly acquired a 38.5% share of the club.

Among the shareholders, Behdad Eghbali and Jose E. Feliciano of the Californian private equity company Clearlake received 61.5%. They already have a great deal of sway over the club, thanks to Behdad Eghbali’s daily presence at Stamford Bridge. They do, however, plan to use their right to choose a figurehead in 2027, as per Daily Mail.

Why Boehly must leave Stamford Bridge in 2027

Along with purchasing Chelsea, the American consortium also named Boehly temporary sporting director that summer. Nevertheless, his engagement in the soccer-related aspects of the company has gradually decreased over time.

Rumors have circulated that the wealthy partners Boehly and Clearlake Capital are rifts. However, those close…

Source link : https://worldsoccertalk.com/news/chelsea-to-oust-todd-boehly-as-chairman-reason-revealed

Author : Martina Alcheva

Publish date : 2024-03-29 18:50:38

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