Los Angeles Dodgers owner Mark Walter is selling his minority stake in Chelsea Football Club to Clearlake Capital, Chelsea said in a statement Wednesday night. Clearlake, which already held a 61.5% stake in the club, is also acquiring the stake of Chelsea Chairman Todd Boehly, giving it full control of the storied club, according to Chelsea. Boehly, who is a co-owner of the Dodgers, and Walter each held about 12.8% of the club. The Financial Times reported that the two men will receive a combined £950 million, or $1.27 billion, for their stakes in the deal, which values Chelsea at £5 billion. Boehly is departing as the club's chairman.
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