Clearlake Capital has taken full control of Chelsea FC, acquiring the stakes of Todd Boehly and director Mark Walter, marking the end of Boehly's chairmanship. This move follows their initial partnership in May 2022 to purchase the London club from Roman Abramovich. Clearlake, led by Behdad Eghbali and Jose E Feliciano, previously held 61.5 percent ownership. Hansjorg Wyss will remain a stakeholder. Boehly and Walter are reportedly receiving £950 million for their combined stakes, valuing Chelsea at approximately £5 billion.

Chelsea boss Xabi Alonso commented on the change, stating it's an "important day" and that the club's ambition to compete at the highest level and win major trophies is "very clear." Alonso, who joined Chelsea on July 1, highlighted his strong relationship with Eghbali. The club's recent performance includes a fourth-place Premier League finish in 2024/25, winning the UEFA Conference League and FIFA Club World Cup, despite a 10th-place finish last season. Boehly and Walter also sold their stakes in Strasbourg.