Boehly and Walter Consider Selling Chelsea Stake to Clearlake Capital
The talks could value Chelsea at more than £5 billion as Clearlake considers buying out partner stakes in the club’s 2022 ownership group.
- Co-Controlling owners Todd Boehly and Mark Walter have begun discussions to sell their 12.8 per cent stakes in Chelsea, with the potential deal valuing the Premier League club at over £5billion.
- Private equity firm Clearlake holds a majority 61.5 per cent stake in Chelsea, with the remainder split equally between Walter, Boehly, and 90-year-old Hansjorg Wyss; Clearlake has indicated willingness to purchase shares from its consortium partners.
- Restrictive clauses in the initial ownership agreement limit Boehly and Walter to selling stakes only to Clearlake or Wyss, preventing sales to outside investors during the first 10 years of ownership.
- This year marks the end of Todd Boehly's five-year term as chairman, with leadership set to transition to Clearlake next May; key decisions require approval from Boehly, Behdad Eghbali, and Jose E Feliciano.
- Mark Walter agreed last week to sell the NBA's Los Angeles Lakers for $12bn, a transaction occurring as he faces scrutiny from authorities, though no indication links the investigation to the Lakers sale.
44 Articles
44 Articles
Boehly and Walter in talks over sale of Chelsea stake
Chelsea chairman Todd Boehly and co-owner Mark Walter are negotiating the sale of their stake to major shareholder Clearlake Capital Todd Boehly and Mark Walter are in talks to sell their shares in Chelsea FC to Clearlake Capital, the club’s majority shareholder. As reported by The Financial Times, while an agreement has not yet been reached, negotiations have gained momentum in recent weeks. Clearlake owns 61.5% of Chelsea, while Boehly, Walte…
There is relief coming to the confusing ownership situation of a major Premier League club, as Mark Walter is selling his stake.
The two US billionaires would estimate that the London club is worth just under €6 billion.
Boehly, Walter considering selling stakes in Chelsea to Clearlake Capital
Chelsea chairman Todd Boehly and director Mark Walter are considering selling their stakes in the Premier League side to the club’s majority owner Clearlake Capital, according to reports on Monday.
Coverage Details
Bias Distribution
- 41% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
