Boehly, Walter sell Chelsea stakes to Clearlake

Clearlake Capital has acquired the ownership stakes of Todd Boehly and Mark Walter in Chelsea FC, giving the private equity firm full control of the Premier League club. Clearlake, which previously held a 61.5% stake, bought the combined 25.66% held by Boehly and Walter for a reported £950 million ($1.3 billion), valuing the club at £5 billion ($6.7 billion) including debt. Swiss philanthropist Hansjörg Wyss will remain a partner in the ownership group, while Boehly will relinquish his role as club chairman.