Clearlake Capital close on buying out Chelsea co-owners Todd Boehly and Mark Walter

Deal would value club at around £5bn Walter is seeking to raise funds to pay off insurers Chelsea’s majority owners, Clearlake Capital, are closing in on an agreement to buy out co-owners Todd Boehly and Mark Walter in a deal that would see the pair make a profit on their investment and value the club at around £5bn.

On-off discussions between the two ownership groups over a potential sale have been taking place for the last two years, but intensified last month as a result of Mark Walter seeking to raise funds to pay off insurers following a US federal investigation over alleged tax fraud.

Read the original report at The Guardian.