John Terry looking to BUY stake in Chelsea
Suraj Radia
- 20 Sept 2023 19:54 BST
- 3 min read
Chelsea legend John Terry is exploring the prospect of buying a controlling stake in his former club, with current owner Todd Boehly reportedly open to new investment.
Ex-Blues skipper Terry is part of a group that are looking to make an offer for a 10% stake that would incorporate fan investment through the online platform PrimaryBid, whose co-founder Anand Sambasivan is a season-ticket holder at Stamford Bridge.
A report in The Telegraph states that Terry’s group is one of a number of potential investors in Chelsea, some of whom had also been interested in a similar approach to Manchester United, although it remains to be seen whether enough cash could be raised to appeal to Boehly.
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The American owner and Clearlake Capital own just over 60% of Chelsea after purchasing it for £2.5 billion last year from previous owner Roman Abramovich, although it is unclear if any equity would come from their stake if the investment was made.
The report states that Boehly is believed to favour an equity investment in order to help ‘big-ticket growth prospects’ such as new stadium plans, redevelopment to the training ground and an expansion to Chelsea’s ‘multi club model’, which saw French side Strasbourg purchased this summer.
Terry had previously looked to invest in Chelsea during Boehly’s takeover, having been part of the ‘True Blue’ consortium which ultimately failed in their efforts towards owning a stake in the club.
Terry looking to spearhead growth for Chelsea
Terry had been hosted by Boehly during Chelsea’s win over Luton last month, however is is understood that the pair only exchanged pleasantries and that it was unrelated to any takeover attempts.
The former England defender has also held talks with presidential candidates at Saudi Arabian side Al-Shabab about a UK-based role that would see Terry help with player recruitment.
Investment for Chelsea would ease their concerns over financial fair play and also help with their plans for a new stadium, with a decision from residents due this week after the Blues agreed an £80 million deal to buy a housing plot next to Stamford Bridge.
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Chelsea have also explored multi-club options in Portugal, with Sporting CP reported as one of the teams they are looking to add to the team’s portfolio.
