Nick Candy promises Chelsea fans a ‘golden share’ if they bid.


Nick Candy has promised to “give football back to the fans” should he make his more than £2billion bid to buy Chelsea.

The British property tycoon promised to give Chelsea fans the coveted “golden share” stake in Stamford Bridge Club when he made his bid to buy the Blues on Friday night.

Sir Martin Broughton submitted his bid for Chelsea ahead of Friday’s trading bank Raine Group deadline and the Chicago Cubs’ owners, the Ricketts family, followed suit.

This is a unique opportunity to give football back to the fans and put them at the heart of the operations and strategy of a world-leading football club

Nick Candy

In the frantic last few hours to place bids to buy Chelsea, Lord Sebastian Coe, Broughton and Chelsea fan and World Athletics President, has missed the submission deadline.

Broughton and Coe’s strong UK business experience and reputation, coupled with funding from investment supremo Michael Klein, lends weight to their candidacy.

LA Dodgers part owner Todd Boehly’s strong syndicate also had a confirmed offer, with others likely submitted but not released.

Chelsea fan Candy issued a lengthy statement to confirm his bid was made, promising to write off the loan to Chelsea Pitch Owners to secure the Blues’ future at Stamford Bridge.

The 49-year-old has promised a total refurbishment of the stadium which could use his real estate expertise.

Candy has teamed up with South Korean firms Hana Financial Group and C&P Sports Group in its Blue Football Consortium.

“Chelsea are one of the most legendary and successful professional football clubs in the world, with a rich heritage, a global following and a tremendously valuable brand,” said Candy.

“Football clubs are vital community and cultural assets and this is a unique opportunity to give football back to the fans and put them at the heart of the operations and strategy of a world-leading football club.

“I believe Chelsea have all the foundations to become the most valuable and respected sporting club in the world and a force for the common good in everything they do.”

Roman Abramovich, pictured, will sell Chelsea after 19 years as the owner of the Stamford Bridge club (Adam Davy/PA)

(PA wire)

Roman Abramovich put Chelsea up for sale on March 2 amid the Russian invasion of Ukraine.

The 55-year-old was then sanctioned by the UK government last week after Downing Street claimed to have proved his ties to Vladimir Putin.

Russian-Israeli billionaire Abramovich has always denied these ties but had already moved to sell Chelsea amid the major geopolitical shift.

Abramovich’s UK assets are frozen by the government but Downing Street has allowed Chelsea to continue operating under a special licence.

Abramovich cannot benefit from Chelsea’s sale but has already pledged to write off the club’s £1.5billion debt.

The Raine Group bid window closed at 5:00 p.m. ET on Friday.

London 2012 boss Coe called Broughton “the right man to lead Chelsea Football Club into its next chapter” as he campaigned for the 74-year-old’s candidacy on Wednesday.

Lord Sebastian Coe, pictured, has joined forces with Sir Martin Broughton to buy Chelsea (Mike Egerton/PA)

(PA wire)

Cubs chairman Tom Ricketts has teamed up with US hedge fund boss Ken Griffin to make a compelling proposal that focuses on sports owners’ expertise and know-how in redeveloping large stadiums.

Candy put Chelsea fans at the heart of his vision for the future of Stamford Bridge Club.

Former Chelsea striker and manager Gianluca Vialli has joined Candy’s consortium through his company Tifosy Capital.

Attorneys at law Squire Patton Boggs and accountants Ernst and Young have also supported Candy’s consortium.

Candy vowed to adhere to MP Tracy Crouch’s fan-led football governance review, while vowing not to leave top-level competitions without fan dialogue.

It would be a pledge to avoid future worries like the failure to form a European super league last year.

“Under the leadership of this consortium, Chelsea will set the gold standard for the management of a community-based professional football club,” the Blue Football Consortium said in a statement.

“In doing so, it will be guided by best practice recommendations for improving football club governance, ownership and financial sustainability, as set out in Tracy Crouch MP’s independent Fan-Led Review into Football Governance, and will work to: to encourage community engagement and basic infrastructure.

“As part of its commitment to fan center management, the Consortium will ensure that Chelsea will not abandon any existing sport structure without the engagement of key stakeholders, including frontline supporters.” Nick Candy promises Chelsea fans a ‘golden share’ if they bid.

Andrew Schnitker

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