Todd Boehly makes surprise Chelsea decision ahead of summer transfer window

Chelsea owner Todd Boehly will lessen his involvement in the club following a challenging first season at the helm.

Boehly completed his takeover of Chelsea in May 2022 alongside a consortium which also included private equity firm Clearlake Capital.

According to Bloomberg, Boehly is now spending just 20% of his day-to-day activities at Stamford Bridge, down from 50% when he initially took over the club.

Boehly’s debut season as an Premier League club owner has been fraught with challenges, following a world record £600m spend over two transfer windows.

Graham Potter was dismissed as head coach earlier in the season and Chelsea will finish the campaign in the lower half of the league — their worst position for almost 30 years.

Speaking at the recent Milken Institute’s Global Conference, Boehly said:

“It’s such a global sport. Unlike in the US, there are no unions so there’s a market for top players in every country in the world.

“Each one of those markets is different. You’ve got the Portuguese market, the French market, the English market.

“The ability to go to these markets and you have to build a team and your coach is the conductor of the team.

“There’s a lot we’ve learnt about the different markets and the global aspect of it all.

“The fans are demanding and they want to win, we get that. We want to win.

“Our view is that this is a long-term project and we’re committed to the long term. We very much believe we are going to figure it out.

“We’ve got the best league in the world, what I think is the top city in the world and we’ve got an unbelievable location in the top city in the world.”

On a positive note, Chelsea women’s team has enjoyed a successful season, currently leading the FA Women’s Super League table and recently triumphing in the Vitality Women’s FA Cup.

LondonWorld understands the Blues are planning further signings this summer, with the imminent arrival of head coach Mauricio Pochettino providing fans with optimism for next season.