Todd Boehly exits Chelsea FC as Clearlake Capital takes full control
US equity firm Clearlake Capital assumes ownership of the Premier League club following a stake sale by the chairman.
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Todd Boehly has departed as Chelsea FC chairman following an agreement to sell his ownership stake to co-owners Clearlake Capital. The US equity firm, co-founded by Behdad Eghbali and José E. Feliciano, has now assumed complete control of the Premier League club. Boehly had acquired his share in the west London outfit in 2022.
Boehly's Statement and Clearlake's Vision
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Boehly described his tenure as chairman as an honour and expressed gratitude to the club's staff, players, and supporters. He stated his confidence in Chelsea's future under Clearlake's leadership, noting the collective decisions and investments made to support the club's immediate and long-term success. He also acknowledged his partnership with Clearlake and the wider ownership group.
Eghbali and Feliciano, in a joint statement, thanked Boehly for his contributions as chairman, acknowledging his role in Chelsea's history. They confirmed Clearlake's focus on continued investment in the club's infrastructure, sporting performance, and player development to ensure long-term success for supporters. Clearlake has been the majority owner since 2022.
Ownership Structure Changes
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Chelsea confirmed that Hansjörg Wyss will maintain his position as an important stakeholder and partner within the ownership group. This follows fellow co-owner Mark Walter's decision to sell his share to Clearlake. In 2022, Boehly, Walter, and Wyss each held a 12.8% stake after jointly acquiring the club.
The changes to the ownership structure are not anticipated to alter the club's day-to-day operations or its overarching strategy.
Questions this report answers
+Who has taken full control of Chelsea FC?
US equity firm Clearlake Capital has taken full control of Chelsea FC. The firm, co-founded by Behdad Eghbali and José E. Feliciano, was already a co-owner and has now acquired the remaining stake.
+Why has Todd Boehly stepped down as chairman?
Todd Boehly has stepped down as Chelsea FC chairman after agreeing to sell his stake in the Premier League club. He purchased his share in 2022 and stated his confidence in Clearlake's leadership for the club's future.
+Will Hansjörg Wyss remain involved with Chelsea FC?
Yes, Hansjörg Wyss will continue to be an important stakeholder and partner in the ownership group of Chelsea FC. This is despite fellow co-owner Mark Walter selling his share to Clearlake Capital.
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