Chelsea Legend John Terry Interested in Purchasing Club Shares
1. According to reports from The Telegraph, Chelsea legend John Terry is interested in purchasing shares in the football club. He is part of a team that is exploring this possibility, and the club's co-owner, Bruce Buck, is open to new investments.
2. Terry, along with his partners, is considering making an offer to acquire a 10% stake in the club. They plan to use the online technology platform PrimaryBid to attract investments from fans. PrimaryBid's co-founder and CEO, Anand Sambasivan, is a season ticket holder at Chelsea's home ground.
3. This is not the first time Terry has considered investing in Chelsea. He was previously part of the "True Blue" consortium, which was involved in the bidding process to buy the club from Roman Abramovich for £2.5 billion, with an additional £1.75 billion commitment. Clear Lake Capital currently owns just over 60% of Chelsea, with the remaining shares held by Buck, Hansjörg Wyss, and Mark Walter.
4. Although Terry's consortium did not become part of the new ownership of Chelsea, he, along with at least one other member from the original team, remains interested in buying shares in the club. There is also interest from other companies and individuals, including Ares Management based in the United States, who previously made an investment offer to Manchester United.
5. It is believed that Buck favors equity investment, and selling a 10% stake in the club could be used to support significant growth prospects such as the new stadium project, the redevelopment of Cobham, and expanding their multi-club model.
6. Terry is still working with tech entrepreneur Harry Keogh, who was also part of the "True Blue" consortium. They plan to use PrimaryBid to introduce fan investments in their bid for Chelsea shares. PrimaryBid is registered with the Financial Conduct Authority in the UK and is described as an online investment platform that aims to help individual investors buy company shares.
7. When The Telegraph reached out to Terry's agent for comment on his interest in purchasing shares in Chelsea, they chose not to respond. Last month, Buck hosted Terry in his box during Chelsea's match against Luton at Stamford Bridge. However, it is understood that this was unrelated to investment negotiations, and they simply exchanged pleasantries.
8. In addition to exploring the possibility of investing in Chelsea, Terry has also held talks with one of the candidates for the chairman position at Al-Nassr, a club in Saudi Arabia. The position in the UK would allow him to assist in player recruitment. These negotiations have yet to make progress.
9. Terry is currently working at Chelsea's academy and has embarked on a personal speaking tour, sharing stories from his career at Chelsea, Aston Villa, and the England national team. He has already held one event, with three more to come.
10. Last week, Terry announced that all proceeds from his "An Evening with John Terry" speaking tour, where fans pay £100 for a signed photo, would be donated to the "John Terry 26 Foundation" to support various charitable organizations. The Charity Commission is currently examining this statement, as well as the fact that the John Terry 26 Foundation has not registered with regulatory authorities or submitted any applications.
11. Sources close to Terry insist that they are in the process of applying and hope to have the John Terry 26 Foundation registered with the Charity Commission by the end of the year, at which point the Commission will assess whether regulatory functions need to be carried out.
12. The investment in Chelsea could come at an opportune time for Buck and Clear Lake Capital, as the club is looking to make significant progress in its new stadium plans and exploring opportunities for a multi-club model in Portugal.
13. Chelsea has agreed to purchase the nearby Stoll Residential Land for £80 million, and a nine-week residents' consultation period will end on Wednesday. This means that Chelsea could obtain approval to proceed with further land purchases in the next month, boosting the hopes of fans who want the club to remain at the rebuilt Stamford Bridge.
14. The purchase of the Stoll Land would provide Buck and Clear Lake Capital with more space to redevelop Stamford Bridge on the current site, although the possibility of moving to a new location has not been ruled out. This would require approval from Chelsea's site owners, and the club is closely analyzing both options.