Clearlake Capital takes full control of Chelsea after buying out Boehly and Walter
Clearlake Capital will acquire the remaining minority stakes for about £950 million, valuing the club at roughly £5 billion including debt, while pledging no changes to daily operations.
KEY POINTS
- Clearlake Capital acquires minority stakes of Boehly and Walter for ~£950m
- Clearlake moves from 61.5% majority holder to full ownership of Chelsea
- Todd Boehly steps down as chairman after four years
- Club confirms no changes to daily operations, leadership, or strategy
- Deal values Chelsea at approximately £5 billion including debt
Chelsea confirmed on Wednesday that Clearlake Capital Group will purchase the minority shares held by co-owners Todd Boehly and Mark Walter, giving the private equity firm full ownership of the Premier League club. The deal is reported to be worth around £950 million ($1.27 billion) and values Chelsea at approximately £5 billion including debt.
Boehly will step down as chairman after serving in the role since the consortium bought the club from Roman Abramovich in May 2022. Clearlake, co-founded by Behdad Eghbali and José E. Feliciano, previously held a 61.5% majority stake and has partnered with fellow minority owner Hansjorg Wyss to acquire the remaining shares.
“It has been an honour to serve as chairman of Chelsea Football Club. I am confident that Chelsea is well positioned for continued success under Clearlake's leadership.”
The club stated there will be no changes to day-to-day operations, leadership, or strategy. Clearlake intends to continue the strategic course set over the past four years, including investment in infrastructure, the academy, and both the men's and women's teams.
In a statement, Boehly said it had been an honour to serve as chairman and expressed confidence that Chelsea is well positioned for continued success under Clearlake's leadership. He also highlighted the partnership with Clearlake and the collective investments made to support the club's immediate and long-term growth.
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