Under-pressure Todd Boehly ‘will be REPLACED as Chelsea chairman with deadline set for billionaire’s exit’

TODD BOEHLY will be replaced as Chelsea chairman, according to shock reports.

The American billionaire took on the role when he fronted the consortium that bought the Blues from Roman Abramovich in 2022.

GettyTodd Boehly is set to leave his position as Chelsea chairman[/caption]

However, the Daily Mail claim he will be removed from his position in 2027 with a new chairman instated.

It is reported that part of the co-owners’ agreement enables them to switch the role between themselves every five years.

Boehly ‘went first’ out of the group.

His five-year stint will therefore end in 2027, when Chelsea are set to then switch up the chairmanship.

Boehly is actually a minority owner of the Blues.

He, Hansjorg Wyss and Mark Walter all own approximately 12.8 per cent of the club to make up 38.5 per cent.

The remaining 61.5 per share is held by Clearlake Capital.

That is the private equity company spearheaded by fellow co-owners Behdad Eghbali and Jose Feliciano.

The Mail adds that the Clearlake group hold ‘preferred stock’ as opposed to the ‘common stock’ for the others – with the former having more financial protection.

The decision on who will become the next chairman is allegedly undecided.

Eghbali and Feliciano could take on the post from 2027 to 2032.

Alternatively, they could appoint someone else on their behalf.

Either way, though, Boehly’s reign as chairman is expected to end at the culmination of the 2026-27 season.

SunSport have contacted Chelsea for comment.

THIS IS A DEVELOPING STORY..

The Sun is your go to destination for the best football, boxing and MMA news, real-life stories, jaw-dropping pictures and must-see video.Like us on Facebook at https://www.facebook.com/TheSunFootball and follow us from our main Twitter account at @TheSunFootball.

(Visited 1 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *