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Todd Boehly and Mark Walter sell Chelsea stakes as Clearlake takes full control

The deal values the Premier League club at £5bn, bringing an end to a tumultuous boardroom partnership.

Todd Boehly and Mark Walter have agreed to sell their stakes in Chelsea to majority owners Clearlake Capital. The deal, which values the club at £5bn, hands Clearlake full control and ends Boehly's tenure as chairman. No new chairman will be appointed, with Behdad Eghbali remaining the club's dominant figure.