Mark Walter, owner of the Los Angeles Dodgers, is divesting his 12.8% stake in Chelsea Football Club to Clearlake Capital, which already owned 61.5% of the club. This sale, along with Todd Boehly's stake, totals £950 million ($1.27 billion), granting Clearlake full control of Chelsea.
Boehly, who is also a co-owner of the Dodgers, is stepping down as chairman but will remain part of the club's narrative. The sale follows Walter's recent agreement to sell his controlling stake in the Los Angeles Lakers, amidst investigations into his financial dealings.
Clearlake's co-founders expressed gratitude towards Boehly for his contributions and emphasized their commitment to investing in Chelsea's infrastructure and performance. Chelsea's operations and leadership will remain unchanged despite the ownership transition