Chelsea: John Terry confirms he is leading a consortium seeking to buy a 10% stake in Blues
John Terry has entered the Chelsea ownership race by confirming he is leading a £250m consortium seeking to buy supporters a 10% stake in the club.
The former Chelsea skipper and legend leads the True Blues Consortium, which plans to allow fans to buy a stake in the club for as little as £100.
Terry and former Chelsea player Claire Rafferty have put their names to the consortium which has won the support of Stamford Bridge owners, Chelsea Pitch owners and the trust of club fans.
“Chelsea have been such an important part of my life for 22 years,” Terry said.
“I want to see the history and heritage of the club protected as we enter a new era of like-minded people who have the same long-term vision of building the best football club in the world and understand how important our DNA is important.”
The consortium would elect a representative to sit on Chelsea’s board, while fans who join the scheme would also gain voting rights.
Former captain John Terry has confirmed he is at the forefront of a consortium seeking to buy a 10% stake in Chelsea
Terry and former female star Claire Rafferty (front left) lead the consortium called True Blues
The offer could give supporters the chance to buy a stake in the club for as little as £100
Terry cannot fund a full bid to try and compete for full Chelsea ownership.
It has been reported that the offer will also allow supporters, players and former staff to purchase fan tokens for over £100, with voting rights in return.
Terry has been extremely active in promoting his “Ape Kids Football Club” non-fungible token (NFT) collection in recent months, although its value has plummeted.
Plans come after Terry’s NFTs reportedly drop by nearly 90%
Terry’s NFTs have dropped significantly in value by nearly 90% in the past month, according to The Athletic.
They were aiming for average prices of $656 (£497) after the February 2 launch, but by March 8 the average price had dropped to $65 (£49).
A number of players have also reportedly lost faith in the controversial scheme, including former Chelsea players Ashley Cole and Tammy Abraham.
The drop in value means anyone who was inspired to buy NFTs because sports stars endorsed them could lose huge sums of money.
In January, the Premier League contacted Terry and told him to remove the Premier League trophy from their NFTs due to intellectual property laws.
Terry can’t fund a full bid to buy Roman Abramovich’s entire property (right)
Terry was also asked to remove the Chelsea badge as well as all FA and UEFA trophies which were on the ‘Ape Kids Football Club’ collection.
Terry added: ‘Having met and heard what the True Blues Consortium is, I know they understand.
“They are a group of long-time Chelsea fans and season ticket holders who have created a concept that will complement and support any preferred bidder running the club while adding connection with fans and engagement with the board of directors. administration.
“This innovative structure is designed to include all Chelsea fans and protect our club.
“I am grateful for the time and support from the Chelsea Pitch Owners and the Chelsea Supporters’ Trust on this and hopefully we will be a welcome investor in the club’s new structure.”
Conservative party donor David Meller is believed to be another person behind the consortium
The Consortium plans to raise funds to buy a stake in Chelsea through a community scheme.
Goal claim another figure behind the consortium is Conservative Party donor David Meller, a Chelsea fan who is invested in the idea along with his son Jonathan.
However, Meller’s involvement could spark controversy after he claimed he benefited from the government’s fast-track VIP route for Conservative Party friends and donors to secure PPE contracts at the height of the pandemic.
He was also chairman of the President’s Club, a fundraising group which was shut down following an investigation into allegations of sexual harassment at an event in 2018. Goal claims he once worked with the club on a charitable basis.
Harley Kisberg, founder of online media company iTech Media, and Stanford investment banker Loudon are also believed to be among other Blues fans to become founding members of the consortium.
There have been a host of offers for Chelsea after Abramovich put the club up for sale after the owner was sanctioned by the British government following Russia’s invasion of Ukraine.
Consortia led by Todd Boehly, Nick Candy, the Ricketts family and Sir Martin Broughton have confirmed they submitted bids by Friday’s deadline.