Chelsea said Clearlake Capital is consolidating control by purchasing the holdings of Mark Walter and Chairman Todd Boehly, who each own about 12.8% of the club. With those shares, Clearlake moves from majority owner to full control. The team also said Swiss billionaire Hansjörg Wyss "will remain an important stakeholder and partner in the ownership group."
Clearlake co-founders Behdad Eghbali and José Feliciano thanked Boehly for his role, saying, "Todd has been an important partner throughout our ownership of Chelsea, and we thank him for his time and contribution as Chairman," and added, "He will always be a part of the Chelsea story and family. Clearlake has served as Chelsea's majority owner since 2022, and as we move to full control our focus is to continue investing in the Club's infrastructure, sporting performance, player development and delivering long-term success for Chelsea and the Club's supporters." Chelsea also stated that the club's day-to-day operations, leadership, and strategy will remain unchanged.
Los Angeles Dodgers owner Mark Walter and Todd Boehly, a co-owner of the Dodgers, hold roughly equal slices of Chelsea. According to the Financial Times, the pair will together receive £950 million - $1.27 billion - under a deal that puts a £5 billion valuation on the club. The move also means Boehly will step down from his role as the club's chairman.
Boehly said, "It has been an honour to serve as Chairman of Chelsea Football Club. 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." He added, "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."
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It has been a little over a month since reports emerged that Walter struck a deal to sell his controlling stake in the Los Angeles Lakers to Joshua Kushner and Bob Iger. That development renewed scrutiny from federal criminal authorities and the SEC, with both pursuing parallel investigations into whether about $21 billion moved through insurers overseen by Walter - Delaware Life Insurance and Clear Spring Life and Annuity - was properly identified as related-party or affiliated transactions.
On Aug. 26, TWG Global, Walter's holding company, said, "Despite what has been reported, there has been no fraud" at that company and its subsidiaries. "TWG is committed to working with the U.S. Department of Justice and the Securities and Exchange Commission to resolve their inquiries," the company said.
If Clearlake now calls all the shots, fans and sponsors get one decision maker, and Hansjörg Wyss remains in the room as a significant partner. Chelsea says business as usual on operations and strategy, and Clearlake's leaders emphasized ongoing investment in infrastructure, performance and player development. Net effect for regular investors: fewer ownership voices, a plan to keep spending, and a club priced like a premium asset rather than a fixer-upper.
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