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John Terry’s group eyes Chelsea stake

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The fan-led group co-founded by former Chelsea captain John Terry that wants to buy a 10 percent stake in the Premier League club is in “positive” talks with two of the shortlisted bidders, according to the banker advising it.

Sky News understands that the True Blues Consortium has approached three of the four consortia vying to end Roman Abramovich’s near-two decade tenure as owner of the Stamford Bridge club.

Sandford Loudon, a partner at Oakvale Capital and True Blues Consortium representative, said on Wednesday that he anticipated sufficient demand to acquire a 10 per cent shareholding in Chelsea if it was sold at a £2.5 billion (bn) valuation.

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“Thousands of supporters and dedicated fans have contributed over £100m to True Blues,” Loudon said.

“We’re having positive discussions with the two leading bidders and the bank in charge of the transaction, and our primary goal is to ensure that Chelsea fans have a voice during these unprecedented times.

“We are defending our valuable club’s history and principles and hope that by allowing fans to own a piece of Chelsea FC, this ground-breaking new model will change how football teams are run.”

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People close to the bidders believe the price could go beyond £2.5bn as the quartet of contenders prepares to lodge their final offers on April 11.—Sky Sports

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