Clearlake Capital has now completed the purchase of all remaining shares in Chelsea Football Club after chairman Todd Boehly, director Mark Walter and Swiss billionaire Hansjorg Wyss concluded the sale of their holdings, according to multiple reports including BBC Sport, The Guardian and the Financial Times.

The transaction gives Clearlake — led by co-founders Behdad Eghbali and Jose E. Feliciano — 100% control of the club. Boehly, Walter and Wyss had each held a 12.8% stake alongside Clearlake's existing 61.5% majority shareholding. Boehly will now formally step down as chairman, a position he occupied since May 2022.

The buyout dissolves the consortium that acquired Chelsea for £2.3bn from Roman Abramovich in 2022 after the Russian businessman was sanctioned by the UK government over alleged links to Russian president Vladimir Putin, an allegation Abramovich has denied.

Ownership talks over a buyout followed an internal rift that emerged between the two factions in 2024, leading both sides to explore acquiring the other's shares. A central point of tension centred on the club's stadium strategy, specifically whether to redevelop Stamford Bridge or relocate to a new site.

In a parting statement, Boehly said it had been an "honour" to serve as chairman and thanked the Premier League, players, staff and 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."

Since the 2022 takeover, Chelsea's highest domestic league finish was fourth place in 2024-25, the same campaign in which they won the Uefa Conference League and Fifa Club World Cup. Following a 10th-place Premier League finish last season, the club appointed Xabi Alonso as manager in the summer, having overseen significant player turnover on long-term contracts across the past four years.

Chelsea confirmed in a statement that there will be "no changes to the day-to-day operations, leadership or strategy at the club", adding that the focus remains on investing in infrastructure, player development and sporting performance.

Walter, the chief executive of Guggenheim Partners where Boehly began his financial career, recently completed a record $12.5bn (£9.23bn) sale of the Los Angeles Lakers, while US federal prosecutors and the Securities and Exchange Commission continue investigations into entities within his wider business network.

What we do not know yet is how quickly Clearlake will settle the outstanding stadium redevelopment question now they have outright control. I will be tracking developments closely as the new ownership structure takes effect.