Boehly and Walter in talks to sell Chelsea stake to Clearlake Capital

Published Aug 18, 12:05 PM UTC

Todd Boehly and Mark Walter are in talks to sell their shares in Chelsea FC to majority owner Clearlake Capital, according to a report from The Athletic. The sale would resolve long-standing tensions among Chelsea's owners and potentially ease regulatory pressure on Walter, who is under investigation by the U.S. Department of Justice for his business dealings. The development follows Walter's unexpected sale of the LA Lakers to Josh Kushner and Bob Iger last week, which was reportedly driven by a need to raise cash to pay down loans on his insurance firms. Boehly, who has not had functional operational control over Chelsea since 2022, may see this as an opportunity to exit an investment that has not met expectations. No agreement is expected imminently, but the sale would mark a significant shift in Chelsea's ownership structure.