Boehly 'could be replaced as Chelsea chairman' after overseeing £1billion spend
Chelsea's owners, including Todd Boehly, have a written agreement which allows them to change chairmanship of the club every five years.
Boehly and Clearlake Capital purchased the Blues back in 2022 and have since ploughed over £1billion into the club on transfers alone. That strategy has not translated into success, though, with the former Premier League and European champions currently languishing in 11th place.
Boehly has borne the brunt of criticism from fans and pundits over the past 18 months amid Chelsea's struggles. However, it has now emerged that he could be replaced as club chairman in 2027 due to a unique agreement between the hierarchy.
The Telegraph has outlined that Boehly and Clearlake Capital owners Behdad Eghbali and Jose Feliciano, have agreed an option which allows them to exchange the chairmanship between themselves every five years. There is no obligation for a change to take place, which means Boehly could remain in the position for another five-year period when 2027 comes around.
Sources close to Boehly have indicated that he has no plans to give up the chairmanship amid the scrutiny that has been placed upon him since the club's takeover. Eghbali and Feliciano have largely operated in the background, although the report notes that the former's influence at Stamford Bridge has increased significantly over the past 12 months.
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The report goes on to outline that Clearlake Capital own 60 per cent of shares and voting rights in 22 Holdco: the UK-based company which owns Chelsea. Boehly - along with Hansjorg Wyss and Mark Walter - owns 13 per cent.
Boehly has largely been the face of a Chelsea hierarchy which has spent significant sums of money in the transfer market since acquiring the club. Over £1bn has been spent on an influx of players, the majority of whom have failed to meet expectations.
Join the debate! What have you made of Boehly and Clearlake Capital? Let us know here.
Boehly has been the face of operations since Chelsea were taken over back in 2022 (Dan Weir / MatchDay Images Limited)The appointment of Mauricio Pochettino, who has a strong affiliation with London rivals Tottenham, has also failed to appease the fanbase. The Argentine has overseen an underwhelming season and, along with the board, was the subject of negative chants from fans during last weekend's 2-2 draw with Brentford.
Chelsea announced pre-tax losses of £90.1 million in the first full year under Boehly and Clearlake Capital, heightening fears that they will need to sell players in the summer to meet the Premier League's profit and sustainability rules. Those rules limit clubs to losses of £105m over a three-year period.
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