Clearlake Capital, who are already 61.5% shareholders of Chelsea, are set to take complete control of the club. This would ease internal tensions and smooth decision-making at Stamford Bridge. The deal would see Boehly and Walter make a profit on their investment, with the pair owning 12.8% of the club.
The potential sale has been in the works for some time, with Walter seeking to raise funds to pay off insurers following a US federal investigation over alleged tax fraud. Boehly is also expected to sell, as he is a long-time investment partner of Walter's. The most immediate impact of the impending ownership change is likely to be felt in Chelsea's plans for a new stadium, with Clearlake's Behdad Eghbali set to clash with Boehly over the redevelopment of Stamford Bridge.
The deal would value Chelsea at around £5bn, with Walter's stake in the club being sold at a premium to his initial investment. After the sale, Walter intends to make future sports-related investments. The sale is expected to be completed soon, with an agreement close.