Nick Candy Considers Bidding For Chelsea

Nick Candy Considers Bidding For Chelsea

British billionaire Nick Candy is “seriously considering a number of options for a potential bid” to purchase Chelsea.

Candy, a childhood Chelsea supporter, is trying to form a consortium with a number of international investors.

Roman Abramovich put the club up for sale last week due to ongoing crisis in Ukraine following Russia’s attack.

Candy, 49, believes his experience as a property developer could be advantageous with any redevelopment plans of Stamford Bridge.

There are now 20 credible interested parties being handled by the US-based Raine Group, with a deadline of 15 March before assessing a handful of final bidders.

“Nick Candy is actively exploring a number of options for a potential bid for Chelsea,” his spokesperson said in a statement.

“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.”

Chelsea announced intentions for a new 60,000-seater stadium on the Stamford Bridge site in 2015 but plans was put on hold indefinitely three years afterwards.

“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,” added the statement.
Abramovich initially said he wanted to give “stewardship and care” of Chelsea to its foundation trustees, but then changed his mind deciding sell the club completely with the threat of sanctions hanging over him following the invasion of Ukraine. Abramovich has denied having close ties to Russian President Vladimir Putin.

David Philips