Chelsea owners Todd Boehly and Mark Walter are in talks to sell their shareholdings in the Premier League giants, according to a new bombshell report.
A successful transaction could bring an end to rumoured persistent friction within the ownership consortium that purchased the west London club for £2.5billion in 2022.
The American financiers co-own Chelsea Football Club alongside Clearlake Capital since Roman Abramovich's forced departure after sanctions were imposed on the Russian oligarch in the wake of Russia's full-scale invasion of Ukraine.
However, those briefed on the situation cautioned that reaching a final agreement remains uncertain.
Despite Clearlake holding a 61.5 per cent majority stake in the Stamford Bridge outfit, the firm shares equal governance and joint control of the club with Mr Boehly, who serves as chairman.
This arrangement has been a source of repeated strategic disagreements between the two camps since the consortium completed its takeover four years ago.
Discussions between the parties about a potential resolution are said to have taken place intermittently over several years, though they have previously failed to produce an outcome.
The renewed talks represent the latest attempt to settle the power struggle, but no deal has been reached, according to the Financial Times.
Mr Walter has also been shedding other marquee assets.
Just last week, he struck a $12.5billion (£9.22 billion) deal to sell the Los Angeles Lakers to former Disney chief executive Bob Iger and venture capitalist Joshua Kushner, barely a year after acquiring the NBA franchise.
Since the American-led consortium assumed control, Chelsea have lavished more than £2billion on player recruitment, more than any other Premier League side.
The club bypassed Financial Fair Play (FFP) limits by signing young players to unprecedentedly long contracts, often 7 to 8 years, allowing them to spread the transfer fee costs across many seasons.
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The club repeatedly broke the British transfer record to sign midfielders Enzo Fernández and Moisés Caicedo, as well as other major investments such as Mykhailo Mudryk and Cole Palmer.
Under the Boehly-Clearlake ownership, Chelsea’s dugout became a revolving door with five different head coaches in just over two years.
The new owners immediately fractured relationships by sacking Champions League-winning manager Thomas Tuchel in September 2022, replacing him with Graham Potter on an expensive five-year deal that lasted less than seven months.
Club legend Frank Lampard returned as an interim manager to steady the ship, but he oversaw a disastrous collapse that resulted in a 12th-place finish, Chelsea's worst Premier League campaign since 1994.
Although Mauricio Pochettino restored stability during the 2023-24 season, securing a 6th-place finish and European football, he left by mutual consent due to philosophical differences with the board.
This paved the way for Enzo Maresca, who was dismissed and replaced with Liam Rosenior on January 6 2026, on an unprecedentedly long five-and-a-half-year contract running until 2032.
The club sacked Rosenior just 106 days into the contract, after they finished a disappointing 10th in the Premier League last season, a result that left them without European football.
That absence has prompted a notable change in transfer philosophy.
Under new manager Xabi Alonso, the club have moved away from their previous approach of targeting young talent, instead bringing in seasoned campaigners such as Danny Welbeck and Jordan Henderson.
Chelsea begin their 2026-27 campaign with a short trip to Craven Cottage to face Fulham next Monday.
GB News has approached Chelsea FC and Clearlake for comment.
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