Chelsea chairman Todd Boehly and director Mark Walter have sold their stakes in the club to majority owner Clearlake Capital, with Swiss billionaire Hansjorg Wyss also selling his stake. The move gives Clearlake, led by co-founders Behdad Eghbali and Jose E. Feliciano, full control of the club, and Boehly steps down as chairman, a role he had held since the consortium bought Chelsea from the sanctioned Roman Abramovich in 2022. The sale follows a reported rift within the ownership group dating back to 2024, which reportedly included tension over plans to redevelop or replace Stamford Bridge.

Boehly, Walter and Wyss each held a 12.8% stake, with Clearlake previously owning 61.5% of the club. BBC Sport had reported in August that Boehly and Walter were exploring a sale of their holdings. Since the 2022 takeover, Chelsea have won the Uefa Conference League and Fifa Club World Cup in 2024-25 (their best Premier League finish being fourth that season), but slipped to 10th last season before appointing Xabi Alonso as manager. Both Boehly and Clearlake's leadership issued statements expressing mutual gratitude, and the club said there would be no changes to day-to-day operations, leadership or strategy.