Clearlake Capital has taken full control of Chelsea after Todd Boehly and Mark Walter sold their respective stakes in the Premier League club, bringing an end to a four-year shared ownership structure.
Clearlake, led by co-founders Behdad Eghbali and José E. Feliciano, previously held a 61.5% stake in Chelsea. Boehly, Walter and Swiss billionaire Hansjörg Wyss each held 12.8%.
Following the transactions, Clearlake now controls the club outright, while Wyss will remain involved as a stakeholder and partner within the ownership group.
The ownership structure dates back to 2022, when the consortium acquired Chelsea from Roman Abramovich for £2.3bn. Boehly subsequently served as chairman, while Walter was also part of the ownership and leadership structure.
Boehly will leave his position as chairman as part of the changes.
“It has been an honour to serve as chairman of Chelsea,” Boehly said, thanking the club’s staff, players, supporters and wider football stakeholders.
He also said he remained confident in Chelsea’s position under Clearlake’s leadership and pointed to the investment made since the 2022 takeover.
Ownership tensions preceded the change
The restructuring follows a period of reported tension within Chelsea’s ownership group.
According to multiple reports, disagreements between the different ownership camps had been developing since 2024, with both sides subsequently exploring the possibility of acquiring the other’s stake.
Stadium strategy was among the issues that created friction, with Chelsea continuing to consider either a redevelopment of Stamford Bridge or a move to a new venue.
Despite the change in ownership, Chelsea said there would be no changes to the club’s day-to-day operations, leadership or overall strategy.
Clearlake said its focus would remain on investment in infrastructure, sporting performance and player development, as well as the club’s long-term growth.
A new phase for Chelsea’s ownership model
The change also marks a shift in the financial and governance structure established after the 2022 takeover.
Chelsea have spent heavily on squad development since the acquisition, with the strategy initially centred on younger players and long-term contracts. The club has also experienced significant player turnover, including 39 summer exits reported by the BBC in 2026.
On the pitch, Chelsea’s highest Premier League finish since the takeover has been fourth, achieved in the 2024-25 season. That campaign also saw the club win the UEFA Conference League and FIFA Club World Cup.
Chelsea finished 10th in the Premier League in 2025-26 and appointed Xabi Alonso as head coach during the following summer.
Boehly and Walter have also sold their stake in French Ligue 1 club Strasbourg, Chelsea’s partner club within the ownership group.
The move leaves Clearlake with full control of both Chelsea’s ownership structure and its longer-term strategic direction, while the club continues to weigh major decisions around its stadium and infrastructure.
For Chelsea, the transaction represents a significant change in ownership governance without an immediate change to the operating model built since the 2022 acquisition.