Todd Boehly’s stint as Chelsea chairman may turn out to be short-lived after details of an extraordinary written agreement were revealed.
The American curried favour with the club’s fanbase upon his arrival at the club following the ousting of Roman Abramovich.
Boehly fronted Chelsea’s unprecedented spending spree which has seen over £1billion spent on overhauling the first team squad.
The majority of the new signings have, however, failed to justify their lofty fees and, having already burned through two managers, the most expensively assembled squad in Premier League history is currently languishing in mid-table.
A defeat that saw Chelsea branded ‘billion pound bottle jobs’ in the recent Carabao Cup final has only served to heighten the tension that exists between Boehly and the club’s increasingly disgruntled fanbase.
The away support fully turned during last weekend’s disappointing draw at Brentford, during which fans chanted for the return of Abramovich and Jose Mourinho who is thought to be interested in returning for a third spell in charge at Stamford Bridge.
Boehly’s position as the club’s figurehead could come to a premature end with the Telegraph reporting that Chelsea’s owners can pass the chairmanship between them every five years due to the deal including an option, that is not an obligation, for them to share it.
The news comes amid reports that Chelsea could be forced to sell a host of players early during the transfer window in order to comply with Premier League spending rules.
The likes of Mason Mount, Mateo Kovavic and Kai Havertz were sold for over £150m last summer, while Romelu Lukaku was loaned to Roma.
Chelsea again could be looking at the need to offload a number of high-profile players, including Conor Gallagher, despite his excellent recent form.
Asked about Chelsea’s financial plight ahead of this weekend’s game against Newcastle, current manager Mauricio Pochettino said: ‘Look, I am transparent. Charlie [press officer] told me one minute ago about this.
‘I have not spoken to the owners or sporting directors because we were training. Maybe tomorrow we will have better information and I can explain next time my opinion.
‘Until today, we didn’t talk about that and the club today announced the financial. For sure, this afternoon or tomorrow, we will talk and I will be informed. I don’t know what is going to happen.’
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