Boehly and Walter sell Chelsea stake to Clearlake Capital
AFP | London
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Chelsea chairman Todd Boehly and director Mark Walter have sold their stakes in the Premier League side to majority owner Clearlake Capital, which has assumed full control, the club announced Wednesday.
American billionaires Boehly and Walter were two of the investors who partnered with Clearlake to buy Chelsea from Roman Abramovich for £2.5 billion ($3.3 billion) in May 2022.
"Chelsea Football Club today announced affiliates of Clearlake Capital Group, L.P. ('Clearlake') will acquire the ownership interest of Todd Boehly," said a club statement. "As part of the transition, Clearlake will also acquire Mark Walter's ownership interest and therefore acquire full control of the club," it added.
Prior to Wednesday night's announcement, private equity company Clearlake held around 62 percent of Chelsea, with Boehly and Walter holding the remaining shares with fellow investor Hansjorg Wyss.
Wyss "will retain an important stakeholder and partner in the ownership group," said the club statement.
No financial terms for the deal were disclosed.
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