Chelsea’s majority owner Clearlake Capital is close to an agreement to buy out co-owners Todd Boehly and Mark Walter, valuing the club at about 5 billion pounds and giving Clearlake full control.

The deal would consolidate ownership with Clearlake already holding a controlling stake and running day-to-day operations, potentially paving the way for a new chairman and faster decision-making.

Boehly and Clearlake have declined to comment, and Hansjörg Wyss’s position remains unconfirmed.

Walter’s spokesperson notes the valuation would premium his initial stake and that Walter plans future sports investments, while stressing he did not initiate the transaction which has been in progress for some time.

Walter is seeking a sale to fund insurer-related obligations amid a U.S. federal investigation into tax-related loan theatment, and Boehly is expected to follow as a long-time partner.

Boehly is also anticipated to sell; Wyss’s position remains uncertain.

The ownership change could influence Stamford Bridge plans, with internal tensions between redevelopment and pursuing a different site.

Under Chelsea’s ownership agreement, no shareholder can sell to a third party without consent, effectively giving Clearlake an exclusive option to purchase Boehly and Walter’s stakes.

Clearlake would take complete control, potentially smoothing internal tensions and expediting stadium decisions.

Clearlake, already at 61.5% and guiding day-to-day operations, may appoint a new chairman next year as part of the transition.

The deal would deliver a profit for Boehly and Walter and solidify Clearlake’s majority, with Clearlake already overseeing Chelsea’s daily operations.

Wyss’s stake position is unconfirmed; original ownership after the 2.5 billion pounds Chelsea purchase four years ago included Walter, Boehly, and Wyss each at about 12.8%, with a commitment to invest further.