Chelsea Chairman Explores Sale to Majority Owner Clearlake Capital
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Published Chelsea chairman Todd Boehly and director Mark Walter have explored selling their stakes in the club to majority owner Clearlake Capital.
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The Guardian SportThe Chelsea chair, Todd Boehly, and director Mark Walter are considering selling their shares in the club to the majority owners, Clearlake Capital, in a deal that would give the private equity company complete control at Stamford Bridge.
Sky SportsThe Chelsea chair, Todd Boehly, and director Mark Walter are considering selling their shares in the club to the majority owners, Clearlake Capital, in a deal that would give the private equity company complete control at Stamford Bridge - The Guardian
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Walter, the co-owner and chief executive of global finance firm Guggenheim Partners, where Boehly also began his financial career, last week sold the Los Angeles Lakers for a record $12.5bn (£9.23bn) - a year after buying a majority stake in the NBA franchise.
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The Guardian SportWalter is being investigated by the US Department of Justice over $21bn in loans which it has been alleged were not disclosed to state insurance regulators, which has led to the sudden sale of assets to pay down some of the loans. Walter last week sold the Los Angeles Lakers to Josh Kushner and Bob Iger for $12.5bn just a year after buying the NBA franchise for $10bn, leading to speculation that the 66-year-old may also seek to exit Chelsea.
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Boehly was due to stand down as chair at the end of the season, with a Clearlake representative to replace him for the next five years under the terms of the ownership agreement.
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BBC SportBoehly currently serves as Chelsea chairman but is due to be replaced at the end of the season by a Clearlake-appointed representative under a pre-agreed arrangement, made when the consortium bought the club from Roman Abramovich for £2.3bn in 2022.
2 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 The Guardian Sport Boehly and Walter are close friends as well as longstanding business partners, having previously invested together in the LA Dodgers Major League Baseball team and the LA Sparks WNBA franchise.
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02 BBC Sport Multiple sources say talks have begun within Chelsea's ownership group after a rift, first apparent in 2024, led both sides to explore buying each other out.
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- bbc-sport