Boehly and Walter in talks to sell Chelsea stakes to Clearlake - FT

Todd Boehly and Mark Walter are reportedly discussing the possibility of selling their shares in Chelsea Football Club to Clearlake Capital, according to the Financial Times. This potential deal could address the discord that has emerged between Boehly and Walter's side of the ownership group and Clearlake, which holds a majority stake in the club.

Originally acquired by the consortium for £2.5 billion in 2022, Chelsea’s ownership became strained following Russian oligarch Roman Abramovich's forced sale due to sanctions imposed by the UK over Russia's invasion of Ukraine. The joint control and governance shared by Clearlake and Boehly have been a source of tension, with Clearlake owning more than 60% of the club.

While negotiations have been ongoing, a deal has not yet been finalized. Meanwhile, Walter is also attempting to offload other high-profile assets as his business ventures are scrutinized by US regulators. Last month, he successfully sold the Los Angeles Lakers for $12.5 billion to Bob Iger and Joshua Kushner, just a year after purchasing the team.