Former Chelsea defender John Terry is reportedly part of a consortium eyeing a 10% stake in the football club.
Terry, who retired from professional football in 2018, is exploring the possibility of making an offer for Chelsea, prompted by indications that co-controlling owner Todd Boehly is open to fresh investments.
According to The Telegraph, Terry and his partners are considering a bid for a 10% share, with a unique twist involving fan investment through PrimaryBid.
Notably, PrimaryBid’s co-founder and chief executive, Anand Sambasivan, is a dedicated season-ticket holder at Stamford Bridge, which underscores the potential alignment of interests.
This isn’t the first time Terry has pursued a stake in Chelsea.
He was previously part of a £250 million consortium that aimed to offer supporters a 10% share in the club.
This initiative, known as the True Blues Consortium, emerged when former owner Roman Abramovich was compelled to put the club up for sale due to UK government sanctions following Russia’s invasion of Ukraine.
Boehly and Clearlake Capital eventually completed their £4.25 billion takeover of Chelsea at the conclusion of the 2021/22 season, injecting over £1 billion into new player acquisitions.
Currently, Clearlake owns more than 60% of the club, while the remaining shares are distributed among Boehly, Hansjorg Wyss, and Mark Walter.
The source of the 10% stake and whether existing stakeholders are receptive to a new investor remain uncertain.
Terry’s interest is not the only potential investment in Chelsea. Ares Management, based in the United States, has also expressed interest, having previously made an investment offer to Manchester United.
Boehly is inclined toward equity investment, and a 10% stake, as per The Telegraph’s report, could facilitate “big-ticket growth projects” such as a new stadium, redevelopment of Cobham training facility, and an expansion of their multi-club model.
Involving a beloved figure like Terry could play a pivotal role in Boehly’s ambition to redefine the relationship between supporters and the club.
However, the outcome of this potential investment remains uncertain, with time being the ultimate arbiter of this unfolding saga.