Boehly and Walter Exit Chelsea with Profit Despite Poor Results

Todd Boehly and Mark Walter have sold their 12.8% stakes in Chelsea to Clearlake Capital, each walking away with a profit despite the club's on-field struggles. Since their 2022 takeover, Chelsea have finished 12th, 6th, 4th, and 10th in the Premier League, hired nine managers, and set a record pre-tax loss. The sale highlights the late-stage American sports ownership model, where owners profit from asset appreciation regardless of team performance.