Chelsea ownership reshuffle: Clearlake buys 25% stake for £950m
TL;DR Summary
Chelsea’s co-owners Mark Walter and Todd Boehly have agreed to sell their combined 25% stake to Clearlake Capital for about £950 million, valuing the club at roughly £5 billion including debt; Clearlake will take control, Boehly will step down as chair, and the deal is expected to close by year-end, freeing funds for stadium and training-ground upgrades while the owners’ insurance businesses face scrutiny.
Topics:sports#business#chelsea-fc#clearlake-capital#mark-walter#mergers-and-acquisitions#todd-boehly
- Mark Walter and Todd Boehly sell Chelsea FC stakes to Clearlake for £950mn Financial Times
- Chelsea: Clearlake Capital acquires full control as Todd Boehly, Mark Walter and Hansjorg Wyss sell stakes BBC
- Chelsea: Todd Boehly and fellow co-owner Mark Walter to sell stakes in Premier League club Sky Sports
- Boehly and Walter sell Chelsea shares as Clearlake Capital takes full control of club theguardian.com
- Chelsea chairman Todd Boehly to leave role after selling ownership stake Sky News
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