Future Of British Business

Todd Boehly Steps Back at Chelsea After Worst Season in 29 Years

Todd Boehly hands more responsibility to sporting directors
US businessman free to focus on other commercial ventures

WATCH: Earlier this month Boehly admitted that taking on Chelsea has been demanding, but that he’s committed to the team as a long-term project.Source: Bloomberg

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By David Hellier and Giles Turner

May 24, 2023 at 9:14 AM UTC

Updated on

May 24, 2023 at 11:48 AM UTC

This article is for subscribers only.

Todd Boehly is dialing back his involvement at Chelsea FC, people with knowledge of the matter said, as he refocuses on other ventures after a difficult first season in charge of the football club.

The US businessman is now spending about 20% of his time on day-to-day activities at the west London club, according to the people. That’s down from around 50% in the months following the May 2022 takeover of Chelsea by a consortium including Boehly and private equity firm Clearlake Capital, they said.