A poor start to the season has led to the dismissal of Thomas Tuchel.
On Tuesday, Dinamo Zagreb scored the only goal of the game to give them a shock victory in the first game of the group stage.
You can watch LaLiga, Bundesliga, MLS, more on the US version of the network.
In May of the same year, Tuchel was named as Frank Lampard's successor and guided the Blues to their second European title.
According to sources, Tuchel and Todd Boehly's relationship deteriorated over the summer due to disagreements over the club's transfer policy.
It was somewhat of a surprise that the announcement was made on Wednesday morning, given the amount of money the club had spent on nine players.
The club would like to thank Thomas and his staff for their hard work during their time at the club. Thomas will have a place in the history of the club after his time there.
"As the new ownership group reaches 100 days since taking over the club, and as it continues its hard work to take the club forward, the new owners think it's the right time to make this transition."
As the club searches for a new head coach, the coaching staff will take charge of the team for training and the preparation of upcoming matches.
The team was defeated in Europe on Tuesday.
Tuchel said that he was in the wrong movie. The last game helped us, I think. I thought the team was prepared and knew what was going on.
I'm not sure where this performance comes from. There is a lack of determination, a lack of hunger and a lack of intensity. We are not where we would like to be.
I'm not happy with our performance. It's not precise enough, it's not clinical enough, and it's not determined enough. It isn't good enough as a group.