Billionaire Mark Walter is exiting another major sports investment, selling his stake in Chelsea FC just weeks after selling his controlling interest in the Los Angeles Lakers for a $12.5 billion valuation.
Walter and fellow Chelsea co-owner Todd Boehly are selling their stakes in the English Premier League club to Clearlake Capital, which will take full control of Chelsea, the club announced Wednesday . Boehly will also step down as chairman.
“It has been an honour to serve as Chairman of Chelsea Football Club,” Boehly said in a statement. “I have valued my partnership with Clearlake and the wider ownership group, and the collective decisions and investment we have made to support the immediate and long-term success of the Club. I am confident that Chelsea is well positioned for continued success under Clearlake’s leadership.”
The deal comes roughly 10 months after the NBA approved Walter’s purchase of the Lakers’ majority stake. Walter had previously been a minority Lakers owner for more than a decade before becoming the team’s controlling owner in 2025.
The transactions come as companies controlled by Walter face federal scrutiny over billions of dollars in investments involving...