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 stakes in the Premier League side to majority owner Clearlake Capital, which has assumed full control, the club announced Wednesday. Prior to the announcement, Clearlake held 62 percent of Chelsea, with Boehly and Walter holding the remaining shares along with fellow investor Hansjorg Wyss.
Boehly and Walter were reported to have valued the club at £5 billion, with Clearlake now owning the entire stake. Boehly expressed his gratitude for his partnership with Clearlake and the wider ownership group, stating that he is confident in Chelsea's future under Clearlake's leadership.
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