Chelsea chairman and director sell stakes in club to majority owner Clearlake

Image source, Getty Images Image caption, Todd Boehly (left) and Mark Walter (right) had been part of Chelsea's ownership group since 2022

Chelsea chairman Todd Boehly and director Mark Walter have sold their stakes in the club to majority owner Clearlake Capital.

Swiss billionaire Hansjorg Wyss has also sold his stake, meaning Clearlake - led by co-founders Behdad Eghbali and Jose E. Feliciano - have now acquired full control of the club.

Boehly, Walter and Wyss each had a 12.8% stake, with Clearlake previously owning 61.5% of the Blues.

American Boehly will leave his role as chairman, a position he has held since 2022, when the consortium bought the club for £2.3bn from Roman Abramovich, who was sanctioned by the UK government in March 2022 over alleged links to Russian president Vladimir Putin - something he has denied.