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

Clearlake Capital acquires full control of Chelsea as chairman Todd Boehly, director Mark Walter and Hansjorg Wyss sell their stakes in the club.

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

Chelsea chairman Todd Boehly and director Mark Walter have sold their shares in the club to majority owner Clearlake Capital, resulting in the investment firm now possessing complete control. Swiss billionaire Hansjorg Wyss has also divested his stake, with Boehly, Walter, and Wyss having originally held a 12.8% stake each. Clearlake had previously owned 61.5% of Chelsea.

Boehly, who has served as chairman since 2022, will relinquish his position following the sale. He expressed gratitude for his time leading the club and acknowledged the contributions of various stakeholders. Clearlake's co-founders Behdad Eghbali and Jose E. Feliciano will now lead the team.

Written by urgent.news from BBC News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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