🚨 JUST IN: Clearlake Capital close on buying out Chelsea co-owners Todd Boehly and Mark Walter.
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.
Walter, Boehly and Swiss billionaire Hansjörg Wyss all own 12.8% of Chelsea following their joint £2.5bn purchase of the club with Clearlake from Roman Abramovich four years ago, in a deal in which the new owners commit to spending a further £1.75bn on the club.
Under the terms of their ownership agreement, none of Chelsea’s shareholders can sell to a third party without the consent of their partners giving Clearlake, whose investment is managed by Behdad Eghbali and José E Feliciano, an exclusive option to purchase Boehly and Walter’s stakes.
In a statement issued to Bloomberg a spokesperson for Walter confirmed that he is seeking a sale with an agreement close. Boehly is also expected to sell as he is a long-time investment partner of Walters. Wyss’s position is unconfirmed.
This potential transaction values Mark Walter’s stake in Chelsea Football Club at a premium to his initial investment and is another successful sports investment for him,” a spokesperson for Walter said.
“After this exit, Mr Walter intends to make future sports-related investments. “Walter did not initiate the proposed transaction to sell his interest, which has been in the works for quite some time.
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🎥: BBCNewsigbo // IG
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A DNKI (Vikings) cultist identified himself to NBM (Aye) cultists who had disguised themselves as Vikings members. He was later k**led. (K**ling video on TG)
The incident reportedly occurred in Abakaliki, Ebonyi State.
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