Chelsea: Todd Boehly and fellow co-owner Mark Walter to sell stakes in Premier League club

Chelsea chairman Todd Boehly and director Mark Walter have agreed to sell their 25 per cent stake in the club to majority shareholders Clearlake Capital in a deal which values Chelsea at £5bn. 

The deal paves the way for Clearlake to take full control of Chelsea, owning 86.5 per cent of the club, with Swiss billionaire Hansjorg Wyss owning 13.5 per cent.

Boehly was the face of the consortium which bought Chelsea in 2022 but Clearlake co-founder Behdad Eghbali has become the most powerful figure at the club. Chelsea say there will be no changes to the day-to-day operations, leadership or strategy at the club following this transaction.

Boehly and Walter are making a small profit on their investment. Jonathan Goldstein has also stepped down from the Chelsea board, along with Boehly and Walter. They no longer have any role in Chelsea's governance, management or decision making.

There are no plans to appoint a new chairman but the executive sporting and commercial team are remaining in place.

Roman Abramovich was forced to sell Chelsea by the UK government for £2.5bn plus the guarantee of £1.5bn being invested in the club.

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.

"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.

"I am confident that Chelsea is well positioned for continued success under Clearlake's leadership."

Eghbali and Jose Feliciano, co-founders of Clearlake Capital, said in a statement: "Todd has been an important partner throughout our ownership of Chelsea, and we thank him for his time and contribution as chairman. 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."

In March 2025, Boehly said Chelsea's owners could go their separate ways if they could not agree on the future of Stamford Bridge.

Chelsea bosses are considering whether to leave Stamford Bridge or to expand, with Earl's Court seen as a possible new location.

All options are being evaluated, with the project said to be complicated by the limited space in London to build.

In an interview with Bloomberg, Boehly said: "We have to think long term about what we're trying to accomplish.

"We have a big stadium development opportunity that we have to flesh out. That's going to be where we're either aligned, or we ultimately decide to go different ways."

There had been tensions too between Boehly and Clearlake in 2024.

Sky Sports News reported in September 2024 that Boehly had been unhappy with the way the club is being run and that he did not want Mauricio Pochettino to lose his job as head coach in May of that year.

Enzo Maresca replaced Pochettino and went on to win the Conference League and Club World Cup, but he left at the start of 2026, with Chelsea eventually finishing 10th and without European football.

Xabi Alonso was appointed as the new manager this summer and has the full support of the ownership.

(c) Sky Sports 2026: Chelsea: Todd Boehly and fellow co-owner Mark Walter to sell stakes in Premier League club