Former Chelsea owners Boehly, Walter sell holdings to Clearlake

Chelsea confirmed on Wednesday that Clearlake Capital Group will be purchasing the minority interests of co-owners Todd Boehly and Mark Walter, taking full control of the English Premier League club. Boehly, who co-owns the Los Angeles Dodgers baseball team, will step down as chairman following the anticipated deal, which is estimated to be worth around £950 million (US$1.27 billion).

Clearlake, co-founded by Behdad Eghbali and Jose E. Feliciano, has partnered with Swiss billionaire Hansjorg Wyss to acquire the stakes, representing approximately a quarter of the club. Clearlake plans to continue the strategic direction established by the ownership group and maintain the club's current trajectory. There will be no alterations to the club's daily operations, leadership, or strategy.

Boehly, Walter, Wyss, and Clearlake collectively acquired Chelsea in May 2022 from previous owner Roman Abramovich in a deal reportedly valued at £4.25 billion. Boehly expressed his gratitude for serving as club chairman, stating that he valued the partnership with Clearlake and the broader ownership group, and he was confident in Chelsea's position for continued success under Clearlake's leadership.

Chelsea currently stands sixth in the Premier League after starting the new season with two wins, a draw, and a loss.