Clearlake complete Chelsea takeover as sale of Todd Boehly stake confirmed
Todd Boehly and Mark Walters have sold their stakes in Chelsea Football Club to Clearlake Capital, ending Boehly's four-year tenure as chairman. The deal, valued at approximately £1 billion, leaves Clearlake in full control of the club's future operations and stadium development strategy.
Why it matters
This ownership change marks a significant shift in the management of a major Premier League club, potentially resolving internal disputes regarding infrastructure and long-term strategy.
Todd Boehly and Mark Walters have completed the sale of their respective stakes in Chelsea to majority owner Clearlake Capital.
A club statement released Wednesday evening confirmed the news, ending Boehly's four-year association with the club, which saw him serve a stint as sporting director. The sale of his stake also sees him vacate his role as club chairman.
The sale, reported to be worth around £1billion , sees both Boehly and Walters make a slight profit on their initial investments in the club and takes Chelsea 's value close to £5bn. Both men owned 12.8 per cent stakes in Chelsea.
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