Todd Boehly has stepped down as Chelsea chairman after selling his stake in the club to majority owner Clearlake Capital, which has now taken full control.
Boehly and director Mark Walter sold their shares in a deal that hands Clearlake complete ownership. Boehly, Walter and Swiss billionaire Hansjörg Wyss previously each held a 12.8% stake, while Clearlake owned 61.5%. The club confirmed Wyss will remain an important stakeholder and partner in the ownership group.
Clearlake, led by co-founders Behdad Eghbali and José E. Feliciano, paid approaching £1 billion for the stakes, which represent about a quarter of the club. Club sources put Chelsea’s overall value at around £5 billion.
Boehly has held the chairman role since 2022, when the consortium bought Chelsea for £2.3 billion from Roman Abramovich following UK government sanctions. He will leave the position as part of the transaction.