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Soccer News of Friday, 8 March 2024

Source: www.mynigeria.com

Why Todd Boehly 'could be replaced as Chelsea chairman'

Boehly and Clearlake Capital took over Chelsea in 2022_Photo: Getty Image Boehly and Clearlake Capital took over Chelsea in 2022_Photo: Getty Image

Todd Boehly could be replaced as the Chairman of English Premier League club Chelsea reports Sport Bible.

The club has failed to live up to expectations since the takeover of the American and Clearlake Capital from Roman Abramovich in 2022.

The former Premier League champions have spent more than £1 billion on player transfers since the takeover. Investment during the period still sees Chelsea languish in the middle of the table and has also seen them hire and fire three managers.

Former Tottenham and Paris Saint-Germain manager Mauricio Pochettino is currently in charge with Chelsea sitting at 11th in the Premier League.

While the players have been blamed for the woes of Chelsea, Boehly has also been called out.

According to the Telegraph, the American could leave his role as club chairman in three years due to a written agreement between the owners.

The agreement dictates that the position will be passed every five years meaning that Boehly could be replaced by 2027 with Clearlake Capital’s Behdad Eghbali and Jose Feliciano having the opportunity to put forward a representative.

Of course, should Clearlake take the chairmanship, Boehly could reclaim the role in 2032.

The alleged agreement is only an option rather than an obligation, meaning Boehly could remain in charge at Chelsea should Clearlake decline the chance to put a name forward.

The Telegraph alleges that Eghbali's influence inside the club has “dramatically increased” over the past year, amid much criticism directed at Boehly.

Moreover, the publication added that Boehly has no plans to pass up the role and that though there is an agreement, there is no suggestion that Eghbali and Feliciano would want to take the role up.

Both Eghbali and Feliciano have remained largely out of the spotlight while Boehly has been a regular attendee at Chelsea’s matches.