Todd Boehly and Mark Walter have sold their stakes in Chelsea to majority owner Clearlake Capital, giving the group full control of the club. Swiss billionaire Hansjorg Wyss has also sold his stake.
Clearlake, led by co-founders Behdad Eghbali and Jose E. Feliciano, already held 61.5% of the club. Boehly, Walter and Wyss each had a 12.8% stake. Boehly will step down as chairman, a role he has held since the consortium bought Chelsea for £2.3bn from Roman Abramovich in 2022.
Boehly said it had been an honour to serve as chairman and thanked those involved at the club, while Clearlake said it appreciated his contribution and would keep focusing on infrastructure, sporting performance, player development and long-term success. Chelsea also said there would be no changes to day-to-day operations, leadership or strategy.
The move follows reports that talks had started inside the ownership group after a rift emerged, with both sides exploring buyouts. Chelsea's ownership has been in place since 2022, and the club's highest Premier League finish under it has been fourth in 2024-25, alongside wins in the Uefa Conference League and Fifa Club World Cup that season. The club also finished 10th last season and appointed Xabi Alonso as manager in the summer.
Clearlake, led by co-founders Behdad Eghbali and Jose E. Feliciano, already held 61.5% of the club. Boehly, Walter and Wyss each had a 12.8% stake. Boehly will step down as chairman, a role he has held since the consortium bought Chelsea for £2.3bn from Roman Abramovich in 2022.
Boehly said it had been an honour to serve as chairman and thanked those involved at the club, while Clearlake said it appreciated his contribution and would keep focusing on infrastructure, sporting performance, player development and long-term success. Chelsea also said there would be no changes to day-to-day operations, leadership or strategy.
The move follows reports that talks had started inside the ownership group after a rift emerged, with both sides exploring buyouts. Chelsea's ownership has been in place since 2022, and the club's highest Premier League finish under it has been fourth in 2024-25, alongside wins in the Uefa Conference League and Fifa Club World Cup that season. The club also finished 10th last season and appointed Xabi Alonso as manager in the summer.
