Boehly and Walter sell Chelsea stake to Clearlake Capital
Prior to Wednesday night's announcement, private equity company Clearlake held 62 percent of Chelsea.
Chelsea chairman Todd Boehly and director Mark Walter have sold their shares in the Premier League club to majority owner Clearlake Capital, which now holds full control, the organization announced on Wednesday. Boehly and Walter were among the investors who collaborated with Clearlake to purchase Chelsea from Russian billionaire Roman Abramovich for £2.5 billion ($3.3 billion) in May 2022.
According to a club statement, "Clearlake will acquire Todd Boehly’s ownership interest, as well as Mark Walter’s ownership interest, thereby acquiring full control of the Club." Clearlake, which previously owned 62% of Chelsea, will now control the entire club. Hansjorg Wyss, who remained an important stakeholder before the announcement, will continue to be a partner in the ownership group.
The financial terms of the deal were not disclosed, but Boehly and Walter reportedly valued the club at £5 billion ($6.3 billion). Clearlake's co-founders Behdad Eghbali and Jose E. Feliciano expressed their gratitude to Boehly for his time and contributions as chairman, promising no changes to the club's day-to-day operations, leadership, or strategy under Clearlake's leadership.
Boehly stated that he had been honored to serve as Chelsea's chairman and that he felt the club was well-positioned for continued success under Clearlake's leadership.
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