Mark Walter and Todd Boehly selling stakes in Chelsea Football Club to Clearlake Capital
Two of Walter's insurance companies faces federal criminal and civil investigations into the accounting of roughly $21 billion in financial transactions.
Todd Boehly and Mark Walter recently sold their minority shares in English football club Chelsea FC to Clearlake Capital Group. Boehly, who has been a key figure at the club since helping to acquire it in 2022, has been praised for his active role and aggressive spending, which has been met with both admiration and criticism.
On Wednesday, it was announced that Boehly and Walter had transferred their ownership stakes to Clearlake Capital, which is now the club's sole owner. In a statement, Boehly expressed gratitude towards the many individuals who contributed to the club's future success, including the English Premier League, coaches, players, leadership, staff, and fans.
Boehly acknowledged his partnership with Clearlake and the investment made to support Chelsea's immediate and long-term prosperity, expressing confidence in the club's future under Clearlake's leadership. Despite the uncertainty surrounding Walter's involvement, Boehly's departure from the club is likely to be closely watched, with questions about the broader implications for the ownership group, particularly concerning the Lakers and Dodgers.
Written by urgent.news from Yahoo Sports'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.
