Candy wants shares for Chelsea fans as takeover bid increased by new financial backer

Football
22 Mar 2022 • 4:20 AM MYT
Tribal Football
Tribal Football

Tribal Football covers news from the Premier League, LaLiga and Serie A

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Nick Candy's bid to buy Chelsea has been bolstered by the addition of another large international backer.

Candy, a lifelong Chelsea fan, submitted a bid of over £2billion to The Raine Group last Friday.

Sky Sports says the offer has now increased significantly after another large Korean financial institution joined his Blue Football Consortium over the weekend.

Proof of funds have been sent to the Raine Group, who are handling the sale.

The bid from Candy is being tipped to be one of the few bids to make the shortlist.

A decision on that shortlist is expected to be made early next week.

However, the process of selling the club is expected to take at least another month.

Candy also revealed his plans to potentially include a community enfranchisement model that would allow Chelsea fans to buy a stake in the club.

Using the tech platform PrimaryBid, all stakeholders of Chelsea, including employees and fans, could ensure their involvement in the Blues.

Candy said: "This remains a once-in-a-lifetime opportunity to give football back to the fans and put them at the heart of the operations and strategy of Chelsea Football Club.

"We are committed to preserving the incredible legacy of the club and to promoting community involvement, and we can provide the financial stability to ensure the future growth of the club on the world stage."


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