As per reports, Todd Boehly will step down as Chelsea chairman in 2027 as part of a pre-established agreement with co-owners Clearlake Capital, which was forged during their joint bid to acquire the club back in 2022.

Under this arrangement, the chairmanship alternates between Boehly and Clearlake every five years, with Boehly initially assuming the role. This decision reflects Boehly's early enthusiasm to take on added responsibility within the club.

Come 2027, Clearlake will exercise their right to assume control of the chairman position. The selection process for the next chairperson is open, with options including Clearlake co-founders Behdad Eghbali and Jose Feliciano or an outside hire. This agreement aims to ensure both Boehly and Clearlake have an equal say in the club's long-term direction.

Despite Boehly's upcoming transition, sources emphasize the continued strength of the relationship between Boehly and Clearlake, dismissing any rumors of a rift. Disagreements between the parties have been purely professional, reflecting a culture of constructive challenge.

Boehly's aspiration to become chair was kept confidential from former chairman Bruce Buck, who initially hoped to remain at Chelsea and played a significant role in the club's sale process when Roman Abramovich decided to sell.

The decision to change chairpersons does not signal any lack of confidence in Boehly. Instead, it reflects a strategic move to maintain a balanced governance structure within the club. Boehly may have the opportunity to hire a new chairperson in 2032 or potentially reclaim the role himself.

The drama around Chelsea just doesn't seem to end!