Todd Boehly exits Chelsea diminished after having his fingers burned
The billionaire’s departure will change little day-to-day but could be significant for club’s stadium plans Not since a doomed foray into the thorny world of the transfer market has Todd Boehly had any real influence over the day-to-day at Chelsea. The American exits football as a diminished figure four years on, along with his fellow investor Mark Walter, and the first thing to say is that…
Chelsea Football Club has announced that affiliates of Clearlake Capital Group, L.P. ("Clearlake") will acquire Todd Boehly’s and Mark Walter’s combined 25 per cent stake in the club. The deal, valued at £5bn, was announced last night and is expected to be completed by the end of the year. Clearlake Capital will ultimately control around 88 per cent of the club, while Swiss billionaire Hansjorg Wyss retains 12 per cent.
Boehly, the former chairman of Chelsea, will remain an investor or owner in various sports teams, including the LA Dodgers, LA Sparks, and Trent Rockets. Walter earlier sold the LA Lakers for £9bn amid concerns over insurance probes. In a statement, Chelsea expressed gratitude towards the new owners and emphasized the club's continued success under Clearlake's leadership.
Boehly thanked his partners at Clearlake and acknowledged the collective decisions and investments that supported the club's growth. Clearlake Capital also thanked Boehly for his time and contribution during their ownership of Chelsea, promising to continue investing in the club's infrastructure, performance, and player development.
Written by urgent.news from City AM's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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