Todd Boehly and fellow co-owner Mark Walter have sold their stakes in Chelsea, handing full control of the Premier League club to private equity firm Clearlake Capital. Clearlake previously held a 61.5% share in Chelsea, with Boehly and Walter each owning 12.83%. Swiss philanthropist Hansjorg Wyss, who also held a 12.83% stake, will remain part of the ownership group.The consortium completed its purchase of Chelsea in 2022 for �2.5 billion, with a further �1.75 billion committed to investment in the club following the sanctions placed on former owner Roman Abramovich.The Financial Times reported that Boehly and Walter will receive �950 million for their combined stake, with the deal valuing Chelsea at �5 billion including debt.Table of ContentsBoehly steps down as chairmanChelsea insist there will be no major changesBoehly steps down as chairmanAs part of the ownership changes, Boehly will relinquish his position as Chelsea chairman.The club praised his unwavering commitment to the ownership groups belief that supporters should remain at the heart of Chelsea.It has been an honour to serve as Chairman of Chelsea Football Club, Boehly said in a club statement.I would like to thank the many who helped secure a bright future for the Club, including the English Premier League, the coaches and players, the talented leadership and staff at Chelsea, and the legions of dedicated fans.I have valued my partnership with Clearlake and the wider ownership group, and the collective decisions and investment we have made to support the immediate and long-term success of the Club. I am confident that Chelsea is well positioned for continued success under Clearlakes leadership.Chelsea insist there will be no major changesWalter recently completed the sale of the Los Angeles Lakers to a group led by venture capitalist Joshua Kushner and former Disney chief executive Bob Iger, in a deal that valued the NBA franchise at $12.5 billion.He remains the owner of the Los Angeles Dodgers and is also under federal investigation relating to insurance companies he owns.Chelsea appointed Xabi Alonso as manager during the summer and currently sit sixth in the Premier League. Add us as a preferred source on Google If you enjoy reading this article, you can help support our independent football journalism by adding 101 Great Goals as a preferred source You Should Also Read Thats on me Carrick pulls no punches after Man Utds EFL Cup collapse Tom Rostance 16th September, 2026 EFL Cup draw: Liverpool get Chelsea while Fleetwood bank glamour fourth-round tie Tom Rostance 16th September, 2026 Barcelona 7-2 Racing Santander: Stunning Barca performance keeps perfect start intact Tom Rostance 16th September, 2026 Europa League: Sunderland make winning return to European competition Tom Rostance 16th September, 2026 EFL Cup review: Wins for Everton and Aston Villa as United crash out Tom Rostance 16th September, 2026 Manchester United 2-3 Brighton: Brighton mount historic EFL Cup comeback Tom Rostance 16th September, 2026
