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 The Athletic. The sale, not expected imminently, would resolve long-standing ownership tensions and ease regulatory pressure on Walter, who is under a U.S. Department of Justice investigation into his insurance firms. The move follows Walter's unexpected sale of the Los Angeles Lakers to raise cash. Boehly, who has lacked operational control since 2022, may see this as an exit opportunity from an underperforming investment. The article explores the implications for Chelsea, the Dodgers, and the BlueCo era.