Todd Boehly Resigns as Chelsea Chairman After Stake Sale

Todd Boehly has stepped down as chairman of Chelsea FC after selling his stake in the club to Clearlake Capital, which now has complete ownership. Boehly and director Mark Walter sold their shares, each previously holding a 12.8% stake, while Clearlake owned 61.5%.

The deal, valued at nearly £1 billion, gives Clearlake full control of Chelsea, which is valued at around £5 billion. Boehly has been chairman since 2022, following the consortium's purchase of Chelsea for £2.3 billion from Roman Abramovich.

In his statement, Boehly thanked various stakeholders and expressed confidence in Chelsea's future under Clearlake's leadership. Clearlake co-founders Behdad Eghbali and José E.

Feliciano acknowledged Boehly's contributions and emphasized their focus on the club's infrastructure and long-term success. The transaction will not alter the club's day-to-day operations or strategy.

Boehly and Walter also sold their shares in Chelsea's partner club, Strasbourg.