Todd Boehly has stepped down as chairman of Chelsea Football Club following a deal that has transferred control of the Premier League club to Clearlake Capital.
Boehly and fellow investor Mark Walter sold their interests in Chelsea to Clearlake, bringing an end to the ownership arrangement that had been in place since the consortium acquired the club in 2022.
The transaction gives Clearlake full control of Chelsea, while Hansjörg Wyss remains connected to the ownership structure as a minority stakeholder, according to reports on the deal.
Boehly had served as chairman and became the public face of the ownership group following the acquisition of Chelsea from Roman Abramovich.
The American businessman expressed gratitude for his time at the club and confidence in its future following the ownership transition.
Clearlake co-founders Behdad Eghbali and José E. Feliciano also acknowledged Boehly’s contribution and indicated that the club would continue its investment programme.
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The ownership change is not expected to result in an immediate overhaul of Chelsea’s day-to-day operations.
Chelsea’s statement on the transition indicated that the change in ownership would not disrupt the club’s operations or its existing plans.
Clearlake had been the majority shareholder since the 2022 acquisition, meaning the latest transaction formalises a shift in control rather than introducing an entirely new ownership group.
The consortium originally acquired Chelsea following the forced sale of Abramovich’s ownership after sanctions imposed by the United Kingdom government.
The 2026 transaction therefore marks a new phase in the club’s ownership structure after four years of joint control involving Boehly, Walter and Clearlake.
Boehly’s departure comes after a period in which Chelsea invested heavily in player recruitment and infrastructure while undergoing changes in sporting leadership.
The club has also continued work around longer-term infrastructure plans, including discussions concerning Stamford Bridge and training facilities.
Clearlake has indicated that investment in the club’s football operations and infrastructure will continue under its control.
The transition comes as Chelsea begin another Premier League campaign under manager Xabi Alonso.
With Clearlake now in control, attention will shift to how the new ownership structure manages the club’s sporting strategy, infrastructure plans and financial commitments.
For Chelsea supporters, the immediate focus remains on football operations, while the ownership transition represents a significant change in the corporate structure behind one of England’s most prominent clubs.

