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.

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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.

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