Clearlake Capital has taken full control of Chelsea after Todd Boehly, Mark Walter and Hansjorg Wyss sold their stakes in the club. Boehly will leave his role as chairman, ending the shared-control set-up that has defined Chelsea since the takeover in 2022.
The move matters now because it redraws the ownership structure at one of the English Premier League’s biggest clubs, even if the people at the top are trying to keep the day-to-day picture unchanged. Chelsea said there will be no changes to operations, leadership or strategy, a promise that sits alongside the fact that one investor now holds the balance of power.
Boehly, Walter and Wyss each held a 12.8% stake before selling to Clearlake, which had already been the majority owner with 61.5%. Clearlake is led by co-founders Behdad Eghbali and Jose E. Feliciano, who now control the club outright after a deal that financial terms did not disclose.
The shift closes a chapter that began in 2022, when the consortium bought Chelsea for £2.3bn from Roman Abramovich after he was sanctioned by the UK government in March 2022 over alleged links to Vladimir Putin. Since then, Chelsea’s form has moved sharply up and down: the club finished 10th in the Premier League last season, then reached fourth in 2024-25 and won the Uefa Conference League and Fifa Club World Cup in the same campaign.
The ownership change also follows reports of strain inside the group. Multiple sources said talks began after a rift first apparent in 2024 pushed both sides to consider buying each other out, while stadium plans to redevelop Stamford Bridge or move to a new stadium had at times created friction between Boehly’s camp and Clearlake. Sport reported in August that Boehly and Walter were exploring sales, and Walter’s exit comes after he sold the Los Angeles Lakers for a record $12.5bn last month.
Boehly said it had been an honour to serve as Chelsea chairman and thanked the English Premier League, the coaches and players, staff and fans. Eghbali and Feliciano said he would always be part of the Chelsea story and family, and said their focus was on infrastructure, sporting performance, player development and long-term success. For Chelsea, the immediate question is not who is in charge, but whether full control by Clearlake changes anything beyond the ownership ledger.
