Monday, April 15, 2024
HomeFootball NewsChelsea's Owners Set to Rotate Chairmanship Every Five Years

Chelsea’s Owners Set to Rotate Chairmanship Every Five Years

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Chelsea Football Club’s owners, including Todd Boehly, have a unique agreement in place that allows for a change in the chairmanship of the club every five years.

Boehly and Clearlake Capital acquired the Premier League club in 2022, and since then, they have invested over £1 billion in player transfers alone.

Despite the significant financial backing, Chelsea currently finds themselves in 11th place, which has led to criticism towards Boehly.

However, recent reports have shed light on the possibility of Boehly being replaced as club chairman in 2027.

The agreement between Boehly and Clearlake Capital owners, Behdad Eghbali and Jose Feliciano, allows for the exchange of the chairmanship between them every five years.

It is important to note that this arrangement does not impose an obligation for a change to occur, meaning Boehly could potentially continue in his position for another five-year term when 2027 arrives.

The news of this rotational chairmanship system has sparked interest and speculation among fans and pundits alike.

While the current struggles of the team have led to criticism towards Boehly, the agreement presents an opportunity for a potential change in leadership and fresh perspectives in the future.

This article was updated 1 month ago



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