Back to the Premier League Newsfeed

Chelsea owner Todd Boehly 'will cut his day-to-day involvement in HALF to focus on other business interests' after a torrid first year that saw him spend £600m on players to finish in the bottom half

Chelsea owner Todd Boehly will reportedly cut his day-to-day involvement at the club by half after they endured a poor season despite a £600million outlay on new players.

The Blues will finish the American businessman's first season in control in the bottom half of the Premier League.

Bloomberg report that Boehly is now spending just 20 per cent of his time on the running of the Stamford Bridge club - down from 50 per cent in the months straight after his May 2022 takeover.

The £4.25bn buy-out last year saw a consortium which included Boehly and his private equity firm Clearlake Capital take over the running of Chelsea from Russian billionaire Roman Abramovich, who was sanctioned following his country's invasion of Ukraine.