British billionaire Nick Candy preparing Chelsea takeover bid
The Metro says British property tycoon Nick Candy is lining up a £2.5 billion offer to buy Chelsea from Roman Abramovich.
The 49-year-old, who is a lifelong Chelsea supporter, is understood to be working alongside a group of American investors in order to put a proposal together.
Abramovich, who bought Chelsea for £140 million in 2003, has set a £3bn asking price and is demanding that the new owners continue to invest in the squad.
It’s also understood that Abramovich wants Chelsea’s new owners to promise that they will redevelop Stamford Bridge, a project which would cost around £2.2bn.
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