Chelsea chairman Todd Boehly could be replaced due to unusual written agreement


Todd Boehly could be replaced as Chelsea chairman in three years thanks to a clause that allows the owners to pass the chairmanship of the club between them every five years as part of a written agreement. That's according to a report in The Telegraph, claiming under-pressure Boehly could be replaced by 2027.

Clearlake Capital, owned by Behdad Eghbali and Jose Feliciano, could have the opportunity to put forward their representative for five years, meaning Boehly can reclaim the position in 2032. However, the report goes on to state that the written agreement is an option - not an obligation. Clearlake Capital could decide to not put a name forward, allowing Boehly to continue as chairman.

The split of Chelsea's ownership has also been revealed, with Clearlake Capital owning 60 per cent of the UK-based company behind Chelsea, Holdco. They also hold 22 per cent of the voting rights. Boehly, Hansjorg Wyss and Mark Walter have split the remaining 40 per cent.

American Boehly, alongside Clearlake Capital, have owned Chelsea since their 2022 takeover from Russian oligarch Roman Abramovich. The West London club have astonishingly splashed over £1 billion without winning a single trophy. Chelsea were defeated by Liverpool in last month's League Cup final with Boehly in attendance.

Chelsea are on their fourth manager under their new ownership but they could move onto a fifth this summer with Mauricio Pochettino under fire. At the time of Boehly's arrival, Champions League-winning manager Thomas Tuchel was in place, but he was replaced by Graham Potter shortly after, who didn't last long either, with Frank Lampard returning in an interim role. Argentine Pochettino arrived in the summer and was backed to the tune of more than £400m but they're hovering in the bottom half of the Premier League.

In Chelsea's last game, they drew 2-2 with struggling Brentford, leading to fans venting their frustrations towards the ownership and manager. "We need to accept the frustration," Pochettino said. "Maybe if I was a fan I'd be the same because we are not matching the expectation. We must be responsible for our performance and try hard to improve."

Pochettino added: "We are suffering negativity but we can't stop believing, we must keep believing and try to perform on Monday. I really believe we can succeed. Of course, we need our fans. We hope the fans will be behind us on Monday to help us win the game.

"That is so important for our players. We can believe that we can start to win games to get close to qualifying for Europe. The opportunity is there but if you give up belief we will go down [the league]."

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