Boehly steps down as Chelsea chairman

Chelsea chairman Todd Boehly has resigned following the sale of his stake in the club to majority owner Clearlake Capital, which now holds full control. Boehly and director Mark Walter divested their shares in a deal that grants Clearlake complete ownership. Boehly, Walter, and Swiss billionaire Hansjörg Wyss each previously held a 12.8% stake, while Clearlake owned 61.5%.

Clearlake, led by co-founders Behdad Eghbali and José E. Feliciano, paid close to £1 billion for the stakes, representing about a quarter of the club. The club's overall value is estimated at around £5 billion. Boehly has served as chairman since 2022, when the consortium acquired Chelsea for £2.3 billion from Roman Abramovich after UK government sanctions.

He will step down as part of the transaction. In a statement, Boehly expressed gratitude to those who helped secure a bright future for the club and confidence in Chelsea's prospects under Clearlake's leadership. Clearlake co-founders Eghbali and Feliciano thanked Boehly for his time and contribution, stating he will always remain part of the Chelsea story and family.

They emphasized their focus on investing in the club's infrastructure, sporting performance, player development, and delivering long-term success for supporters. The ownership group confirmed no changes to day-to-day operations, leadership, or strategy following the deal.