Chelsea

Update: Chelsea chief to step down after Todd Boehly confirmation

The syndicate led by Todd Boehly was named as the club’s new owners today, with a formal announcement due on Monday.

Meanwhile, when the £4.25 billion purchase is announced on Monday, Chelsea CEO Guy Laurence is set to stand down.

The appointment of a new chief executive will be one of Todd Boehly’s first tasks at the club.

See also  Tuchel discloses what Chelsea's new buyer told him

Guy Laurence is in charge of operating the club’s day-to-day operations in west London, and the Daily Mail reports that Lawrence had previously chosen to quit the club before the ownership change, but stayed on to guarantee a seamless transition.

Lawrence joined the club in February 2018, and since then, the club’s turnover has increased by 20%, from £360 million to £435 million, and despite a two-year pandemic, the club has raked in tremendous profits.

See also  'Sell him to Manchester United, we want to rebuild, please let him leave,' fans tweeted after another Romano transfer update on the Chelsea star's exit

Leave a Reply

Your email address will not be published.

Back to top button

Adblock Detected

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website from your adblocker thanks.