Chelsea's ownership model since May 2022 has been made up of a consortium including Todd Boehly and Mark Walter, but the pair are willing to strike a deal with majority shareholder Clearlake Capital
EAST RUTHERFORD, NEW JERSEY - JULY 13: Christopher Nkunku #18, Benoit Badiashile #5, Todd Boehly, Chelsea Owner, Romeo Lavia #45, Mark Walter and Malo Gusto #27 of Chelsea FC pose with the FIFA Club World Cup trophy after his team's victory following the FIFA Club World Cup 2025 Final match between Chelsea FC and Paris Saint-Germain at MetLife Stadium on July 13, 2025 in East Rutherford, New Jersey. (Photo by Darren Walsh/Chelsea FC via Getty Images)
Todd Boehly and Mark Walter could be set to leave Chelsea(Image: Darren Walsh/Chelsea FC via Getty Images)
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Chelsea shareholders Todd Boehly and Mark Walter are in talks to to sell their stakes in the Premier League club to majority owner Clearlake Capital. It comes just over four years after the BlueCo consortium including Boehly, Walter and Clearlake purchased Chelsea in a deal worth £2.5billion.
They also pledged to invest a further £1.75bn into the club which has been on a tumultuous ride since their takeover. Chelsea have spent nearly £1.5bn on player transfer fees since May 2022 but haven't won either the Premier League or Champions League.
A report from The Financial Times now claims that Boehly, Chelsea's chairman and co-controlling owner, and board member Walter have been in discussions to sell their respective 12.8 per cent stakes. The deal would value the club at more than £5bn.
Clearlake - a private equity firm based in California - is Chelsea's majority shareholder, boasting a 61.5 per cent stake. The remaining 38.5 per cent is split equally between Walter, Boehly and 90-year-old Swiss billionaire Hansjorg Wyss.
It's unknown whether Wyss also plans to cash in. The move comes two years after it emerged that Clearlake and Boehly were prepared to buy each other out.
Chelsea's ownership model has come under fierce scrutiny since the takeover. Aside from poor recruitment, six different permanent managers and disappointing results, fans have been angered by ticket prices and spoken out against BlueCo's multi-club model.
Xabi Alonso marks Chelsea's next great hope for the men's first-team, having been appointed in May following the sacking of Liam Rosenior and an interim spell for Calum McFarlane. The Blues have spent a cool £348million on signings while recouping £138m.
EAST RUTHERFORD, NEW JERSEY - JULY 13: Todd Boehly, Chairman of Chelsea (L) and co-owner Mark Walter look on prior to the FIFA Club World Cup 2025 final match between Chelsea FC and Paris Saint-Germain at MetLife Stadium on July 13, 2025 in East Rutherford, United States. (Photo by Chris Brunskill/Fantasista/Getty Images)
Todd Boehly and Mark Walter own 12.8 per cent of Chelsea(Image: Chris Brunskill/Fantasista/Getty Images)
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Alonso's side kick-off their season away to West London rivals Fulham next Monday. Chelsea won three of their six pre-season games, losing two and drawing the other.
Two of Chelsea's most interesting signings have been Danny Welbeck and Jordan Henderson, the latter of whom arrived on a free transfer. Both players are 35 and 36 respectively, signalling a change of approach from BlueCo.
Speaking to Men In Blazers recently, Alonso explained: "For sure, we need to have the right balance in everything. The right balance in physicality, the right balance in talent and experience. You need to have the right balance in players you need to develop, and to develop this maturity."