Former Chelsea owners Boehly and Walter sell holdings to Clearlake

Chelsea confirmed on Wednesday that Clearlake Capital Group will be purchasing the minority stakes of co-owners Todd Boehly and Mark Walter, thereby assuming full control of the English Premier League club. Boehly, who also co-owns the Los Angeles Dodgers baseball team, will step down as chairman of the west London club following the highly anticipated deal, which media reports suggest would be worth approximately £950 million (US$1.27 billion).

Clearlake, co-founded by Behdad Eghbali and Jose E. Feliciano, has partnered with Swiss billionaire Hansjorg Wyss to purchase the stakes, which equate to around a quarter of the club. Clearlake plans to continue advancing the strategic direction the club is now following and realizing the ambition developed collectively by the ownership group.

There will be no alterations to the club's day-to-day operations, leadership, or strategy. Boehly, Walter, Wyss, and Clearlake acquired Chelsea in May 2022 from the previous owner, Russian billionaire Roman Abramovich, in a deal reportedly worth £4.25 billion. Boehly, co-owner of the Los Angeles Dodgers baseball team, expressed it had been an honor to serve as club chairman, valuing his partnership with Clearlake and the broader ownership group and confident in Chelsea's position for continued success under Clearlake's leadership.

Currently, Chelsea stands sixth in the Premier League after achieving two wins, a draw, and a loss at the start of the new season.