Chelsea’s ownership structure is set for a major shake-up after Clearlake Capital Group confirmed it has agreed to take full control of the Premier League club.
The investment firm has agreed to acquire the ownership interests held by Todd Boehly and Mark Walter, bringing an end to the joint-control arrangement that has existed since Chelsea’s £4.25 billion takeover from Roman Abramovich in 2022.
As part of the change, Boehly will step down as Chelsea chairman, while Swiss businessman Hansjörg Wyss will continue as a key stakeholder and partner within the ownership group.
Clearlake’s acquisition of Walter’s stake will give the firm full control of the club, marking a new phase in Chelsea’s post-Abramovich era.
During the four years under the previous ownership structure, Chelsea invested heavily across its men’s and women’s teams, academy, Cobham training ground, medical facilities, and player-development programs.
Boehly described his spell as chairman as an honour and thanked Chelsea’s supporters, players, coaches, and staff. He also expressed confidence in the club’s future under Clearlake’s leadership.
Clearlake co-founders Behdad Eghbali and José E. Feliciano, meanwhile, said the firm plans to build on the strategy already established at Chelsea. Their focus will remain on infrastructure, sporting performance and developing players, to strengthen the club over the long term.
Despite the change in control, Chelsea has stressed that there will be no immediate changes to the club’s day-to-day operations, leadership, or overall strategic direction.
The transaction is reportedly worth around £950 million ($1.27 billion), according to Reuters, and formally brings the Boehly-Clearlake joint-control era to a close.
With Clearlake now assuming full control, Chelsea enters another significant chapter of its ownership story, while the club’s existing sporting and operational plans remain in place.
Club Statement: Chelsea Football Club announces ownership transition.
— Chelsea FC (@ChelseaFC) September 16, 2026