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.