Premier League side Chelsea Football Club has announced that private equity firm Clearlake Capital has acquired the shares of Todd Boehly and fellow investor Mark Walter, securing full control of the club.

The club confirmed the structural transition in an official statement: "Chelsea Football Club today announced that affiliates of Clearlake Capital Group will acquire the ownership interest of Todd Boehly. As part of the transition, Clearlake will also acquire Mark Walter's ownership interest and therefore acquire full control of the club."