Todd Boehly and Mark Walter are exploring selling their stakes in Chelsea to majority owner Clearlake Capital. Boehly currently serves as chairman but is due to be replaced at the end of the season by a Clearlake-appointed representative under a pre-agreed arrangement made when the consortium bought the club from Roman Abramovich for £2.3bn in 2022.

This would represent a further reduction in Boehly's influence, having initially been the public face of the takeover before serving as interim sporting director during the first transfer window. Since 2023, Behdad Eghbali has become the most influential figure at Chelsea and has been heavily involved in transfer dealings, while a number of senior executives have left the club within the first two years of the ownership.

Chelsea's ongoing plans either to redevelop Stamford Bridge or move to a new stadium have been a source of tension. Although both Boehly's camp and Clearlake are understood to favour a move away from the current site, there are differences over the design and scale of the project, which Boehly hinted at in an interview with Bloomberg last March. "We have to think long term about what we're trying to accomplish," he said. "We have a big stadium development opportunity that we have to flesh out. That's going to be where we're either aligned or we ultimately decide to go different ways."

Chelsea and representatives for Boehly, Walter and Clearlake have declined to comment.