Chelsea chairman Todd Boehly to leave role after selling ownership stake

Chelsea chairman Todd Boehly will leave his role after agreeing to sell his stake in the football club to co-owners Clearlake Capital.

The Premier League club announced the transition on Wednesday, with the US private equity firm acquiring "full control of the club".

In a statement, Mr Boehly, who bought a stake in the London club in 2022, said it had been an "honour" to serve as chairman, and thanked "the coaches and players, the talented leadership and staff at Chelsea, and the legions of dedicated fans".

He added: "I have valued my partnership with Clearlake and the wider ownership group, and the collective decisions and investment we have made to support the immediate and long-term success of the club. I am confident that Chelsea is well positioned for continued success under Clearlake's leadership."

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