Clearlake Capital close on buying out Chelsea co-owners Todd Boehly and Mark Walter
At a glance
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. O
- Primary source
- Sport | The Guardian — Read original article
- Published
- Topic
- Finance
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.
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This summary comes from Sport | The Guardian. Read the full article at the original source.
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