Billionaire Mark Walter May Dump Chelsea Stake As Legal Pressure Builds

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Billionaires Mark Walter and Todd Boehly are considering exiting their stakes in Chelsea FC, according to the Financial Times, entering discussions as Walter faces federal fraud investigations following his brow-raising sale of the Los Angeles Lakers.

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Walter and Boehly are in talks to offload their minority positions in Chelsea FC to Clearlake Capital, according to the Times, which noted its sources cautioned a deal is not yet certain.

This is a developing story. Check back for updates.

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