AFTER three managers and a £600million transfer spend, Todd Boehly is reportedly set to step back from responsibilities at Chelsea.
The Blues will finish in the bottom-half half of the Premier League for the first time since 1996.
GettyTodd Boehly is reportedly set to take a step back from running Chelsea[/caption]
GettyThe Blues have endured a horror season on the pitch[/caption]
GettyAs Chelsea prepare for their worst league finish since 1994[/caption]
GettyThe club spent £600million on underperforming stars like Marc Cucurella[/caption]
And, having won just one of their last 10 games, a dismal season could finish on an even lower note with clashes against top four Manchester United and Newcastle to finish the campaign.
As a result of the poor campaign, co-owner Boehly has decided to spend less time running the club, according to the Daily Mail.
The report states that over the last eight months, the American has been using 50 per cent of his time working at the club.
However, that will now be cut down to 20 per cent with appointed executives taking over.
Boehly will be using his time to work on his other business commitments, such as the Los Angeles Lakers basketball and Los Angeles Dodgers baseball teams.
He led the £4.25billion purchase of Chelsea last year as his consortium and private equity firm Clearlake Capital took over the Stamford Bridge side from Roman Abramovich.
The UK had sanctioned the Russian billionaire after his nation invaded Ukraine.
Once the purchase was completed, Bloomberg reported that Boehly was spending half his time overseeing the day-to-day running of the club.
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However, in January, he stepped down as the as interim sporting director with the aim of slowly relinquishing responsibility to executives that were bedding in.
The 49-year-old helped the club to an unprecedented spend on the transfer market as stars such as Enzo Fernandez, Wesley Fofana, Mykhaylo Mudryk, Marc Cucurella and Raheem Sterling arrived at the club.
But, despite spending upwards of £600m, it could not help push the club back up the Premier League table, with a bottom-half finish confirmed.
The results on the pitch have seen managers Thomas Tuchel and Graham Potter be axed from the club, with Frank Lampard taking over as interim boss until the end of the season.
It will be the club’s worst finish in the league since their 14th-place finish in 1993-94.
APThomas Tuchel was sacked early in the season[/caption]
Graham Potter was also axed by Boehly after a run of poor resultsGetty Images – Getty
GettyAnd interim Frank Lampard was also unable to inspire the team up the league[/caption]
Chelsea also exited both domestic cup competitions to Manchester City before being dumped out of the Champions League by Real Madrid.
Lampard is expected to be replaced by former Tottenham and PSG manager Mauricio Pochettino at the end of the campaign.
The Blues have also frozen their men’s season ticket prices for a 12th straight year, with the announcement accompanied by a statement acknowledging the season’s disappointment.
It read: “This season has not produced the results that any of us want.
“We know what we are working towards, but equally we know that will require hard work, determination and commitment.
“We all want to see Chelsea back where we belong and to share many more winning moments together at Stamford Bridge.”