Billionaire Mark Walter May Dump Chelsea Stake As Legal Pressure Builds

Date:

Share post:

Topline

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.

Key Facts

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.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Actress Was Found In Cardiac Arrest, Coroner Says

ToplineActress Hayden Panettiere, who died Sunday at age 36, was found in cardiac arrest by authorities, and an...

Connor Zilisch Gets NASCAR’s Golden Ticket To Hendrick’s No. 48

CHARLOTTE, NORTH CAROLINA - JANUARY 20: Connor Zilisch poses for a photo during NASCAR Production Days at Charlotte...

Electronic Record Giant Epic Touts Real-Time Insurer Reviews Amid Industry Scrutiny

Epic Systems is working with medical care providers and an increasing number of health insurers to modernize prior...

How A Former Triathlete’s Side Hustle Selling Healthy Muffins Eventually Led To An $800 Million Sale To Italian Chocolate Giant Ferrero

Elizabeth Stein, who first sold baking mixes made out of her New York City kitchen, will remain CEO...