Business
Todd Boehly Steps Down as Chelsea President as Clearlake Takes Full Control
Goal · last week · Read the Full Story on Goal
AI SUMMARY
Chelsea president Todd Boehly and director Mark Walter have sold their stakes in the club to majority owner Clearlake Capital, giving Clearlake full control.
- Todd Boehly and Mark Walter have sold their stakes in Chelsea to majority owner Clearlake Capital.
- Clearlake, led by Behdad Eghbali and José E. Feliciano, now holds full control of the club.
- Boehly, Walter, and Hansjörg Wyss each previously held a 12.8% stake, while Clearlake owned 61.5%.
- Hansjörg Wyss will remain a shareholder and an important partner in the ownership group.
- Todd Boehly leaves his post as Chelsea president, a role he held since the consortium purchased the club in 2022 for £2.3 billion.
- Clearlake paid nearly £1 billion for the two stakes representing about a quarter of the club, while Chelsea is valued at around £5 billion.
- Talks began within the ownership group after a dispute emerged in 2024.
- Boehly and Walter also sold their stake in French partner club Strasbourg.
- Chelsea finished last season in tenth place in the Premier League and appointed Xabi Alonso as head coach in the summer.
- Clearlake stated there will be no changes to day-to-day operations, leadership, or strategy at the club.
- Mark Walter recently sold the Los Angeles Lakers for a record sum, and companies affiliated with his business empire are being investigated by US federal prosecutors and the SEC.
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