Todd Boehly has sold his ownership stake in Chelsea and stepped down as the club's chairman, The Telegraph reports. The move leaves Clearlake Capital in full control of the Premier League side, according to the same outlet.
Boehly was not the only figure to exit. Sky Sports reports that co-owner Mark Walter is also selling his stake in the club. Sky News confirms Boehly's departure from the chairman's role following the sale of his ownership interest.
Chelsea addressed the changes directly, publishing a message from the club's ownership on its official website. The club's head coach, Xabi Alonso, faced questions about the new arrangement at a press conference, the BBC reports, following confirmation that Clearlake had acquired full control.
The shake-up marks a significant shift at the top of the London club, ending Boehly's tenure as chairman and consolidating ownership under a single group. Further details on the terms of the sales and the structure of the new ownership have not been disclosed in the reporting reviewed here.
What to watch next: how Clearlake's full control affects decision-making at Chelsea, and whether the club provides further detail on the ownership transition.