British property developer Candy to make offer for Chelsea

Candy and his potential partners are understood to value the club some way short of £3bn price tag.

British property developer Nick Candy makes the latest entry to make an offer to Roman Abramovich for Chelsea this week.

According to the Daily Mail, Candy is working on a £2.5billion bid for Chelsea. It includes plans for a £1.5bn rebuild of Stamford Bridge. His bid will be submitted by the end of the week.

The 49-year-old is talking to a number of American investors about forming a consortium to launch a formal bid for the club.

Candy and his potential partners are understood to value the club some way short of £3bn price tag that was set by Roman Abramovich.

A bid of £2.5bn would be regarded as credible in the circumstances. The American billionaires who have been linked with a bid for Chelsea include Chicago Cubs chairman Thomas Ricketts, New York Jets owner Woody Johnson and Crystal Palace shareholder Josh Harris.

A spokesperson for Candy confirmed, “Nick Candy is actively exploring a number of options for a potential bid for Chelsea Football Club,” a spokesperson for Candy confirmed. “Any bid would be made in conjunction with another party (or consortium) and we have serious interest from several international partners.

“Mr Candy has a huge affinity with Chelsea. His father was asked to play for the club and he has been watching matches at Stamford Bridge since the age of four. The club deserves a world-class stadium and infrastructure and Mr Candy’s unique expertise and background in real estate would be a hugely valuable asset to delivering this vision.”

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