Chelsea have announced that Bruce Buck will be stepping down from his role as chairman on 30 June.
The American, who had been in the role since Roman Abramovich became owner in 2003, will continue to support the club as a 'senior adviser'.
It had been thought that Buck, 76, would remain chairman after Todd Boehly completed his takeover in May.
"Now is the right time to step down and let new ownership build on the strong foundations we have in place," he said.
More to follow.
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