British property developer Nick Candy will make an offer to Roman Abramovich for Chelsea this week.
The Daily Mail says Candy is working on a £2.5billion bid for Chelsea, which includes plans for a £1.5bn rebuild of Stamford Bridge, to be submitted by the end of the week.
The 49-year-old Chelsea fan 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 Roman Abramovich's £3bn price tag.
But a bid of £2.5bn would be regarded as credible in the circumstances, as the Russian looks for a quick sale given he faces being sanctioned by the Government as soon as next week.
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.
"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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