Chelsea Stake Sale by Walter... Insurance Firms Under $21 Billion Accounting Probe

Todd Boehli and Mark Walter have sold their stakes in Chelsea to Clearlake Capital, securing full ownership of the club. Chelsea officially stated that a Clearlake Capital affiliate acquired the shares owned by Boehli and Walter. AP reported that Boehli is stepping down as chairman, with Swiss investor Hansjörg Wyss remaining a major shareholder. CNBC noted that Walter's insurance companies are under federal criminal and civil investigations regarding accounting practices in approximately $21 billion (about 28.77 trillion won) of financial transactions, though no criminal charges have been filed against Walter or his firms.