Urgent.News

What's breaking now, across thousands of outlets.

Culture

Boehly and Walter sell Chelsea stakes to Clearlake

Chelsea chairman Todd Boehly and director Mark Walter have sold their stakes in the club to majority owner Clearlake Capital. It means Clearlake – led by co-founders Behdad Eghbali and Jose E. Feliciano – have now acquired full control of the club. Boehly, Walter and Swiss billionaire Hansjorg Wyss each had a 12.8% stake, with […]

Boehly and Walter sell Chelsea stakes to Clearlake

Chelsea chairman Todd Boehly and director Mark Walter have recently sold their stakes in the club to Clearlake Capital, the majority owner. This means that Clearlake, led by co-founders Behdad Eghbali and Jose E. Feliciano, now has full control of the Premier League side. Boehly, Walter, and Swiss billionaire Hansjorg Wyss each previously held a 12.8% stake, while Clearlake owned 61.5%.

Boehly, who sold his Los Angeles Dodgers stake, expressed his gratitude to the club and its supporters. Clearlake aims to continue investing in Chelsea's infrastructure, performance, and player development. Despite ongoing plans for Stamford Bridge redevelopment or a new stadium, the club's operations and strategy remain unchanged under Clearlake's ownership.

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

This story

This is one outlet's version. Read the fullest account.

Read the original at adomonline.com →

More in Culture

More from Thursday 17 September →