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John Terry confirms he is leading a consortium looking to buy a 10 per cent stake in Chelsea

John Terry has entered the Chelsea possession race by confirming he is fronting up a £250million consortium looking to buy supporters a 10 per cent share in the membership.

The former skipper and Chelsea legend is leading the True Blues Consortium, which plans to enable followers to buy a stake in the membership for as little as £100.

Terry and former Chelsea girls’s participant Claire Rafferty have put their names to the consortium which has gained the backing of Stamford Bridge freeholders, Chelsea Pitch Owners, and the membership’s supporters’ belief.

Former captain John Terry has confirmed that he is at the forefront of a consortium that is looking to purchase a 10 per cent stake in Chelsea

Former captain John Terry has confirmed that he is on the forefront of a consortium that is looking to buy a 10 per cent stake in Chelsea

Terry and former women's star Claire Rafferty (front left) are heading up the consortium called True Blues

Terry and former girls’s star Claire Rafferty (entrance left) are heading up the consortium referred to as True Blues

The bid could offer supporters the chance to buy a stake in the club for £100

The bid might provide supporters the possibility to buy a stake in the membership for £100

‘Chelsea has been such an vital a part of my life for 22 years, stated Terry. 

‘I would like to see the membership’s historical past and heritage protected as we go into a new period with like-minded individuals who have the identical long-term imaginative and prescient of constructing one of the best soccer membership in the world and perceive how vital our DNA is.’

The consortium would elect one consultant to sit on Chelsea’s board whereas followers who buy into the scheme would additionally get voting rights.

Terry can not fund a full bid to attempt to compete for whole possession of Chelsea. 

It has been reported that the bid can even enable supporters, gamers and ex-staff to buy fan tokens for greater than £100, with voting rights coming in return.

The plans come after Terry's NFTs reportedly decreased in value by almost 90 per cent

The plans come after Terry’s NFTs reportedly decreased in worth by virtually 90 per cent

Terry was asked to remove the Premier League trophy and the Chelsea badge from his NFTs

Terry was requested to take away the Premier League trophy and the Chelsea badge from his NFTs

Terry has been extraordinarily energetic in selling his ‘Ape Kids Football Club’ non-fungible tokens (NFT) assortment in latest months, although its worth is stated to have plummeted.

Terry’s NFTs dramatically decreased in worth by virtually 90 per cent in the final month, in accordance to The Athletic. 

They had been going for costs averaging $656 (£497) after launch on February 2, however by March 8 the common value had dropped to $65 (£49).

A lot of gamers are additionally stated to have lost religion in the controversial scheme, together with former Chelsea gamers Ashley Cole and Tammy Abraham.

The drop in worth means anybody who had been impressed to buy NFTs as a result of sporting stars have endorsed them might lose large quantities of money. 

In January, the Premier League contacted Terry and instructed him to take away the Premier League trophy from his NFTs due to mental property legal guidelines.

Terry cannot fund a full bid to buy total ownership from Roman Abramovich (right)

Terry can not fund a full bid to buy whole possession from Roman Abramovich (proper)

Terry was additionally requested to take away the Chelsea badge in addition to any FA and UEFA trophies that featured on the ‘Ape Kids Football Club’ assortment. 

Terry added: ‘Having met with and heard what the True Blues Consortium is about, I do know they perceive.

‘They’re a group of lifelong Chelsea followers and season ticket holders who’ve created a idea that may complement and help any most popular bidder operating the membership whereas including fan connection and engagement with the board. 

‘This revolutionary structure is designed to be inclusive of all Chelsea followers and defend our membership.

‘I’m grateful for the Chelsea Pitch Owners and Chelsea Supporters’ Trust’s time and help on this and we hope we can be welcome buyers into the membership’s new structure.’ 

Conservative party donor David Meller is reportedly another person behind the consortium

Conservative occasion donor David Meller is reportedly one other particular person behind the consortium

The Consortium plan to levy funds to buy a stake in Chelsea via a group scheme. 

Goal declare one other determine behind the consortium is Conservative occasion donor David Meller, a Chelsea fan who is invested in the concept alongside together with his son Jonathan.

However, Meller’s involvement might appeal to controversy after it was claimed he benefitted from the government’s fast-track VIP lane for buddies and donors of the Conservative Party to get PPE contracts on the top of the pandemic.

He was additionally the chairman of the President’s Club, a fundraising group that was shut down following a probe into allegations of sexual harassment at an occasion in 2018. Goal declare he has labored with the membership in a charitable capability already.

Harley Kisberg, founding father of on-line media company iTech Media, and funding banker Stanford Loudon are additionally reportedly amongst different Blues followers to have develop into founding members of the consortium. 

There have been a host of bids for Chelsea after Abramovich put the membership up on the market, with the proprietor having been sanctioned by the UK authorities following Russia’s invasion of Ukraine.

Consortiums led by Todd Boehly, Nick Candy, the Ricketts household and Sir Martin Broughton confirmed that they submitted bids prior to Friday’s deadline.

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