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The Guardian - UK
The Guardian - UK
Sport
Matt Hughes and Jacob Steinberg

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

Stamford Bridge
Clearlake are already 61.5% shareholders of Chelsea. Photograph: Catherine Ivill/AMA/Getty Images

Chelsea’s majority owners, Clearlake Capital, are closing in on an agreement to buy out co-owners Todd Boehly and Mark Walter in a deal that would see the pair make a profit on their investment and value the club at around £5bn.

On-off discussions between the two ownership groups over a potential sale have been taking place for the last two years, but intensified last month as a result of Mark Walter seeking to raise funds to pay off insurers following a US federal investigation over alleged tax fraud.

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