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Todd Boehly makes huge decision over Chelsea involvement after dismal 2022/23 season



(Photo by GLYN KIRK/AFP via Getty Images)

Todd Boehly has made a decision over his Chelsea involvement almost a year after, along with Clearlake Capital, taking over at Stamford Bridge.

It’s been a turbulent year and season for Chelsea both on and off the pitch as the club transitioned with significant changes across the board, including new players, new managers and a new sporting structure.

More than £600 million has been spent on the Men’s team, while Thomas Tuchel and Graham Potter have been sacked, and it has proved detrimental to the squad’s campaign as they finish in the bottom half of the Premier League.

Mistakes have been made. Lessons have been learned. Boehly has acknowledged that already during a conference in the United States, not an address directly to the fans which has been one of the criticisms of the Boehly-Clearlake ownership.

Speaking at the Milken Institute Global Conference earlier this month, Boehly admitted: “The fans are demanding and they want to win. We get that, we want to win.

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

It’s set to be a busy summer for Chelsea ahead of the 2023/24 campaign. Official confirmation of Mauricio Pochettino‘s appointment is expected soon, while departures, incomings and contract negotiations need completing.

Boehly and Co have created a sporting department to oversee the recruitment side of things, with a new CEO, Chris Jurasek, set to be appointed as Tom Glick leaves his position as president of business.

Paul Winstanley and Laurence Stewart were both appointed as co-sporting directors to continue the off-the-pitch revamp, and the pair received praise from caretaker Frank Lampard as his time at the club neared its end.

“The dialogue’s been really good from the moment this opportunity came up for me,” said the 44-year-old on the duo. “I’ve had really good dialogue. I’ve been able to get along with them on both a personal and professional level. It’s nice to have that close communication. With both of them, I’ve had that. I appreciate that.

“They have a big job. We want to bring Chelsea back to where we want to get it to. The responsibility is not all theirs, but they play an important role in it. I’ve been impressed by how our interactions have been. I wish them well.”

Now Bloomberg reports that Boehly is ‘dialing back his involvement at Chelsea, as he refocuses on other ventures’.

It’s claimed Boehly is ‘now spending about 20 percent of his time on day-to-day activities, which is ‘down from around 50 percent in the months following the May 2022 takeover’.