Clearlake Capital close on buying out Chelsea co-owners Todd Boehly and Mark Walter

Clearlake Capital are close to buying out Chelsea co-owners Todd Boehly and Mark Walter in a deal that would value the club at approximately £5 billion. Discussions between the two ownership groups have been ongoing for two years but intensified recently after Mark Walter sought to raise funds to pay off insurers following a US federal investigation into alleged tax fraud. The deal would see both Boehly and Walter make a profit on their original investment in the club.