Clearlake Capital will acquire Todd Boehly and Mark Walter’s shares in Chelsea Football Club, it has been announced.Boehly and Walter own close to 26 per cent of the club having first purchased their stakes in May 2022.Boehly will also vacate his role as Chelsea chairmanPAIt means Clearlake Capital, founded by Behdad Eghbali and Jose Feliciano, will take their controlling stake up from 61.5 per cent to 85 per cent of the club.talkSPORT understands the sale of the 26 per cent share is worth £950million with a total valuation of near £5billion, including the debt. The club has also revealed that stakeholder Hansjorg Wyss will remain with his 15 per cent share. With his stake being acquired, Boehly will no longer be the chairman of Chelsea. However, the club insist that day-to-day operations will not change.Boehly statement“It has been an honour to serve as Chairman of Chelsea Football Club,” Boehly said. “I would like to thank the many who helped secure a bright future for the club, including the English Premier League, the coaches and players, the talented leadership and staff at Chelsea, and the legions of dedicated fans. “I have valued my partnership with Clearlake and the wider ownership group, and the collective decisions and investment we have made to support the immediate and long-term success of the Club. “I am confident that Chelsea is well positioned for continued success under Clearlake’s leadership.”Eghbali and Feliciano statement“Todd has been an important partner throughout our ownership of Chelsea, and we thank him for his time and contribution as chairman.There were plenty of reports of infighting between Boehly and EghbaliGetty“He will always be a part of the Chelsea story and family. Clearlake has served as Chelsea’s majority owner since 2022, and as we move to full control our focus is to continue investing in the club’s infrastructure, sporting performance, player development and delivering long-term success for Chelsea and the club’s supporters.”This is a developing story and is being updated.For the latest updates, breaking news alerts, and comprehensive analysis, refresh this page or follow our real-time news coverage by watching and listening to talkSPORT live.For broader context, explore related coverage on our homepage for the top trending stories. For the latest talkSPORT videos, download the app.talkSPORT cares about getting it right, not just getting it first and because this is a developing situation, details will change. We will be updating this page constantly with verified info, expert takes, and official statements.Stay tuned for further developments as this story continues to break.