Walter and Boehly to Sell Chelsea Stakes to Clearlake Capital, CNBC Reports
The move comes as two insurance companies linked to co-owner Mark Walter face federal scrutiny over billions of dollars in transactions, according to CNBC.
Mark Walter and Todd Boehly are selling their stakes in Chelsea Football Club to Clearlake Capital, according to a report by CNBC.
The report said the sale comes as two insurance companies associated with Walter are facing federal criminal and civil investigations into the accounting of roughly $21 billion in financial transactions.
CNBC did not disclose additional details in the excerpt reviewed, including the size of the stakes being sold, the value of the transaction, or a timeline for the sale.
Boehly and Walter have been part of the ownership consortium that acquired Chelsea in 2022. Clearlake Capital, a private investment firm, has also been a co-owner of the London-based Premier League club since that acquisition.
Neither Chelsea Football Club nor representatives for Walter, Boehly or Clearlake Capital were quoted in the available excerpt of the report. EGazette has not independently verified the details of the investigations or the terms of the stake sale.
Sources
- Mark Walter and Todd Boehly selling stakes in Chelsea Football Club to Clearlake Capital — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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