Walter and Boehly sell Chelsea FC stakes to Clearlake for £950mn

Clearlake Capital has agreed to buy out chairman Todd Boehly and director Mark Walter, who are selling their stakes in Chelsea FC for £950mn. This transaction involves the sale of a 25% share in the football club, allowing the financiers to raise funds as their insurance empires face scrutiny. The deal marks the exit of Boehly and Walter as shareholders, effectively ending a turbulent period of ownership and leadership within the Chelsea Football Club structure.