Mark Walter and Todd Boehly Sell Stakes in Chelsea Football Club to Clearlake Capital
Los Angeles Dodgers owner Mark Walter is selling his minority stake in Chelsea Football Club, along with the stake of club chairman Todd Boehly, both holding approximately 12.8%, to private equity firm Clearlake Capital. This acquisition gives Clearlake full control of the Premier League team, which it had previously owned a majority (61.5%) share since 2022. The deal is valued at £5 billion and reportedly pays Walter and Boehly a combined £950 million ($1.27 billion). The sale follows recent news that Walter sold his controlling stake in the Los Angeles Lakers to Joshua Kushner and Bob Iger, which has drawn regulatory scrutiny over potential undisclosed related-party transactions involving insurance companies he controlled. Clearlake co-founders Behdad Eghbali and José Feliciano stated their commitment to maintaining Chelsea's operations while investing further in its infrastructure and sporting performance. The club confirmed no changes will occur in daily leadership or strategy as a result of the ownership shift.
Topics: major_league_baseball premier_league private_equity sports_ownership