Clearlake Expands Control of Chelsea as Boehly and Walter Sell Stakes

Overview

• Chelsea disclosed on Wednesday that affiliates of Clearlake Capital will buy the stakes held by Todd Boehly and Mark Walter.
• Todd Boehly will step down as chairman following the sale.
• The club said the ownership change will not alter day-to-day operations and that Clearlake intends to keep investing in the team, training and facilities.
• Some reports say Swiss billionaire Hansjörg Wyss also sold his 12.8% stake, but Chelsea's statement says Wyss remains a shareholder and partner, leaving exact ownership percentages unclear.
• The deal resolves a years-long split inside the 2022 consortium and could give Clearlake clearer control over long-term choices such as stadium plans and strategic investment.