Todd Boehly and Mark Walter have held talks about selling their shares in Chelsea to Clearlake Capital.
Clearlake currently owns 61.5 per cent of the club, while Boehly, Walter and Hansjorg Wyss each own a 12.8 per cent stake.
Clearlake, under the leadership of Behdad Eghbali and Jose Feliciano, effectively run the club even though Boehly is the chairman.
Boehly was the face of the consortium which bought the club four years ago in a £2.5bn deal.
More to follow...