Todd Boehly and Mark Walter are reportedly considering selling their Chelsea stake to majority owner Clearlake Capital in a deal that could value the club at £5bn.

Todd Boehly could be considering a major change to his involvement at Chelsea, with reports claiming the club chairman and business partner Mark Walter are exploring the sale of their stake to majority owner Clearlake Capital.

Boehly and Walter were among the investors who joined Clearlake in purchasing Chelsea from Roman Abramovich for £2.5 billion in May 2022. Clearlake currently owns 62% of the Premier League club, while Boehly, Walter and Hansjörg Wyss control the remaining 38% through Blueco Holdings.

According to the reports, Boehly and Walter believe their stake could command a valuation that would put Chelsea’s overall worth at around £5 billion. That would represent a substantial increase on the price paid for the club in 2022 and could make a potential sale highly lucrative for the American investors.

🚨 𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Chelsea shareholders Todd Boehly and Mark Walter are in talks to SELL their stakes in Chelsea to Clearlake Capital.

— @SamuelAgini pic.twitter.com/E6aORl4QCy

— The Touchline | 𝐓 (@TouchlineX) August 17, 2026

The possibility of Boehly and Clearlake going their separate ways is not entirely new. Reports have suggested that the two sides have explored buying each other out on several occasions over the past two years, with disagreements reportedly emerging over the direction of the club, including recruitment, managerial decisions and plans for a potential new stadium.

A sale of Boehly and Walter’s shares to Clearlake would give the private equity company even greater control over Chelsea and potentially bring an end to the unusual power-sharing structure that has existed since the takeover. 

Boehly’s position as chairman has also made him one of the most visible figures in the club’s ownership group.

The timing would be particularly intriguing given Chelsea’s recent struggles. The Blues finished 10th in the Premier League last season before appointing Xabi Alonso as their new head coach, with the club entering another period of significant change. 

Boehly and Walter have also maintained close business ties beyond football, including investments involving the Los Angeles Dodgers and LA Sparks.

For now, there is no indication that Chelsea are about to change hands completely, but a potential sale of Boehly and Walter’s stake would represent a significant development in the club’s ownership story. If Clearlake are prepared to meet the reported £5 billion valuation, the coming months could determine whether Boehly’s Chelsea era is about to take a very different direction.