sports
Todd Boehly and Mark Walter consider selling Chelsea shares to Clearlake Capital
Sale would give Clearlake effective control of club at 86%
TL;DR
- Todd Boehly and Mark Walter may sell their Chelsea shares to Clearlake Capital.
- Clearlake Capital, already the majority owner, would gain complete control of the club.
- The deal's potential valuation exceeds £5bn.
- Mark Walter is reportedly looking to raise funds due to a US federal investigation over alleged tax fraud.
- Walter recently sold his stake in the Los Angeles Lakers.
- Any sale requires the consent of all shareholders as per their purchase agreement from Roman Abramovich.
- A sale would leave Clearlake with over 86% of Chelsea's shares.
- Boehly has been a public face of the club, while Walter has been a silent partner.