Chelsea have confirmed that Bruce Buck will step down as chairman at the end of the month after 19 years in the role.
It comes just three weeks into the ownership of Todd Boehly, who took over from Roman Abramovich in a £ 4.25billion deal after a long-running saga in which the Russian oligarch was sanctioned by the UK Government due to his close ties with Vladimir Putin.
The Government had urged the Blues to ditch their long-standing links to Abramovich and that appears to include Buck, who was appointed chairman towards the start of the Russian’s ownership of the club.
In a statement on Chelsea’s official website, he said: ‘I am proud to have helped Chelsea realize great success on the pitch and make a positive impact in the community.
‘Now is the right time to step down and let new ownership build on the strong foundations we have in place.
‘The owners have a compelling vision for Chelsea’s future, and I look forward to helping them achieve it in this new role alongside our incredible staff, players, coaches and supporters.’
Chelsea have confirmed that chairman Bruce Buck will stand down from the role
The news just comes three weeks after Todd Boehly (right) became the new owner of Chelsea
Despite leaving his role as chairman, Buck will continue to support the club as a senior advisor going forward.
In a statement of his own, Boehly thanked Buck for his work in the role.
He said: ‘Bruce has led Chelsea Football Club to the highest levels of international and domestic football, while also developing one of the most active social responsibility projects in sport. We thank Bruce for his service and his commitment to the Club. ‘
Despite stepping down as chairman, he will continue to support the club as a senior advisor
Buck was a close aide of Roman Abramovich (left) who sold the club after he was sanctioned by the UK Government due to his close ties with Russian president Vladimir Putin
Abramovich’s sanctioning caused several issues for Chelsea off the pitch before the takeover
Buck, along with director Marina Granovskaia, played significant roles in Boehly’s takeover, which raised eyebrows as the two closest aides to Russian oligarch Abramovich.
Their positions at the club were said to be uncertain due to Boehly’s takeover, but there has been no change as yet in terms of Granovskaia’s position at Stamford Bridge.
German publication Bild however reported that she could leave the club in August after one final transfer window with the club.
The Times claimed last month that Buck and a handful of others would be splitting a pot of around £ 30m from the Boehly-led takeover between them, with Granovskaia set to receive £ 20m.
Buck had been seen sitting alongside Boehly before the takeover was completed, at matches towards the end of last season.
During Buck’s time at the club, Chelsea solidified their status as one of the world’s most successful clubs, winning 18 major trophies.
Buck’s exit raises a question on the future of director Marina Granovskaia (left), who like the 76-year-old was a close aide of Abramovich during the Russian’s time at Stamford Bridge
Chelsea’s statement also wrote: ‘The Club (under Buck) also grew its commercial revenues significantly, established world class training facilities at Cobham, and developed one of the best youth academies in football.
‘In 2010, Buck, as Trustee and Chairman, helped establish The Chelsea FC Foundation, which supports a wide range of initiatives including increasing access to youth athletics, hosting education and employment programs, and leading anti-discrimination campaigns.’
Chelsea were a club in turmoil off the pitch on the back of Russia invasion of Ukraine.
Chelsea are expected to have a busy summer under Boehly following the American’s takeover
Manchester City star Raheem Sterling is one of several players strongly linked with Chelsea
Abramovich’s sanctioning led to the club being unable to sell match-day tickets, negotiate new contracts for players or work on signing new additions to the squad.
Thomas Tuchel’s side, who finished third in the league last season, are expected to be busy under American Boehly this summer.
The likes of Antonio Rudiger and Andreas Christensen have departed, while Cesar Azpilicueta, Romelu Lukaku and Marcos Alonso could all follow out the exit door.
Chelsea have been linked to the likes of Raheem Sterling and Ousmane Dembele, while Jules Kounde could be recruited to bolster their defense.