From The Hollywood Reporter · Erik Hayden · · 50s
Mark Walter Sells Chelsea Stake After Lakers Exit
Mark Walter sells Chelsea stake as he exits second pro sports team in a month
In brief
Mark Walter sells Chelsea stake as he exits second pro sports team in a month Walter offloads Chelsea stake following Lakers sale amid government scrutiny Originally reported by The Hollywood Reporter.
Walter sells Chelsea stake
Mark Walter offloads his stake in Chelsea F.C. as part of a larger deal with Clearlake Capital Group.
“I am confident that Chelsea is well positioned for continued success under Clearlake's leadership”
Walter's sports portfolio
Walter owned the Lakers for one season before selling to Thrive Capital in August at $12.5 billion.
Government scrutiny
Walter's TWG Global faces DOJ and SEC inquiries over past insurance firm fraud claims.
“Despite what has been reported, there has been no fraud”
Clearlake takes over
Clearlake Capital Group bought out Walter and Boehly's stakes in Chelsea F.C. after the 2022 acquisition.
Walter's other stakes
Walter has stakes in WNBA's L.A. Sparks, Cadillac Formula 1, and multiple other sports teams.
The main idea
Walter offloads Chelsea stake following Lakers sale amid government scrutiny
