Walter and Boehly sell Chelsea FC stakes to Clearlake for £950mn

Todd Boehly and Mark Walters have sold their stakes in Chelsea FC to Clearlake for £950mn. This transaction allows the financiers to raise funds while their insurance empires face scrutiny. The deal marks the end of a four-year tenure for Boehly and Walters, resulting in Behdad Eghbali taking full control of the football club. The sale of the 25% stake confirms the completion of the takeover process by the American investor and his associates.