Chelsea co-controlling owner Todd Boehly has pleaded for patience from the club's supporters but insisted they will "figure out" a path to long term success.

Boehly and Clearlake Capital completed their takeover of Chelsea almost a year ago and invested more than £600 million on players but find themselves in the bottom half of the Premier League nearing the end of a trophyless season.

After appointing Frank Lampard as caretaker boss last month following the sacking of Graham Potter, Chelsea are looking for a new permanent head coach with ex-Tottenham boss Mauricio Pochettino in advanced talks to take the role.

Another summer of transition awaits and speaking in Beverley Hills in conversation with Milken Institute chairman Michael Milken, Boehly said: "The fans are demanding. They want to win. We get that. We want to win. Our view, though, was that this is a long-term project and we are committed to the long-term and we very much believe that we are going to figure it out.