Mon. May 16th, 2022

NICK CANDY’s offer to acquire Chelsea is bolstered by a new financial backer.

Candy, 49, submitted a £2 billion bid for his boyhood club to the Raine Group last Friday.

Nick Candy raises Chelsea transfer fee

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Nick Candy raises Chelsea transfer feeCredit: PA

However, after adding a new backer to his Blue Football consortium, he has now upgraded his offer.

The bid is currently being sponsored by Hana Financial Group and C&P Sports Group in Korea.

The Blue Football Consortium is partnering with law firm Squire Patton Boggs. The company has confirmed that Chelsea will now have cash to spend if Candy’s bid is successful.

Partner Brian Gordon said: “The Blue Football Consortium has immediate access to capital with ready-to-distribute funds from day one.

“Bids come from trusted co-founders with the highest rated attitudes towards governance.”

Candy herself stressed the importance of putting fans at the center of decision-making.

He said: “This remains a once-in-a-lifetime opportunity to give football back to the fans and place them at the heart of Chelsea Football Club’s operations and strategy.

“We are committed to preserving the club’s remarkable heritage and promoting community engagement, and by providing financial stability, we can ensure the club’s future growth on the global stage.”

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The Lane Group, which oversees Roman Abramovich’s sale to Chelsea, will cut the club’s number of bidders to three either tonight or tomorrow.

Candy faces competition from a variety of bidders, including the Chicago Cubs’ owners, the Ricketts family.

Martin Broughton and Seb Coe also announced a joint bid.

In an exclusive interview with SunSport last week, Candy revealed her plans for the club she loves if her bid succeeds.

The real estate developer has promised to keep spending on the squad, but is also committed to upgrading Stamford Bridge into Tottenham’s state-of-the-art stadium.

Candy, pictured with wife Holly Valance, was sponsored by a Korean financial group.

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Candy, pictured with wife Holly Valance, was sponsored by a Korean financial group.Credit: Getty

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