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Nick Candy has improved his British-led bid to buy Chelsea Football Club following the addition of another large international backer to his Blue Football Consortium.
Candy submitted a bid of over £2billion to The Raine Group last Friday but is now known to have increased this significantly after another large Korean financial institution joined his consortium over the weekend.
The Raine Group has received proof of the additional cash, which is a big help to Candy’s proposal, which is widely expected to be one of the few preferred bids to make the shortlist.
Candy also announced on Monday that he has met with digital platform PrimaryBid to examine the possibility of a community enfranchisement model for Chelsea, as he continues to emphasize his desire to include fans in the club’s future.
All Chelsea stakeholders, including staff and supporters, will be able to buy an interest in the club through the PrimaryBid platform.
Candy had this to say: “This is a once-in-a-lifetime opportunity to return football to the fans and place them at the center of Chelsea Football Club’s operations and strategy. We are dedicated to preserving the club’s illustrious history and encouraging community involvement, and we can provide the financial stability necessary to assure the club’s continued success on the international stage.”
Vincent Paul
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