John Terry confirms £250m Chelsea takeover bid as he links up with True Blues consortium to share club with billionaires

“I’m thankful for the Chelsea Pitch Owners and Chelsea Supporters’ Trust’s time and support on this and we hope we will be welcome investors into the club’s new structure.”

Roman Abramovich put Chelsea up for sale on March 2 amid Russia’s invasion of Ukraine.

The Russian-Israeli billionaire was sanctioned by the UK Government last week, with Downing Street claiming to have proven his links to Vladimir Putin.

Abramovich’s UK assets are all frozen barring Chelsea, with the Blues operating under strict Government licence.

Raine Group’s deadline for bids to buy Chelsea passed on Friday night, with a host of serious parties lodging their candidacy.

LA Dodgers part-owner Todd Boehly, Sir Martin Broughton and Lord Sebastian Coe, Chicago Cubs owners the Ricketts family and British property tycoon Nick Candy all submitted their bids in time.

Saudi Media Group also met the deadline, with more bids besides understood to have been lodged.

The True Blues Consortium would launch a community offering platform called the CFC Exchange, run by PrimaryBid, to allow fans to buy into the scheme.

Investment group Oakvale Capital has backed the True Blues scheme, underpinning the finances.

“We are united not only in our desire to ensure a bright future for Chelsea FC, but also in our ability to put this plan into action,” said Oakvale Capital partner Sandford Loudon.

“We’re a group of seasoned tech entrepreneurs, financiers, high-net-worth individuals and most importantly lifelong fans, who want to make sure whoever buys Chelsea is held accountable by Chelsea fans.

“We will work with both the sellers and the Government, as well as the bidders, to guarantee that fans have a say.”

A spokesperson from Chelsea Pitch Owners added: “Chelsea Pitch Owners supports the True Blues plan in principle in that it looks to offer Chelsea fans a greater voice in how the club is run, subject to seeing the final proposals on more detail.

“CPO remains committed to ensuring the future of football at Stamford Bridge and appreciates True Blues’ support of CPO’s call for its loan with Chelsea FC to be written off.”

And a spokesperson for the Chelsea Supporters’ Trust said: “The CST has been clear that the best outcome for Chelsea supporters is for new owners to protect Chelsea’s heritage by giving fans a golden share.

“Subject to further detail, the CST supports in principle the fundamental aim of the True Blues consortium, which is to give fans a greater say in how the club is run. We welcome further dialogue with True Blues as things develop over the next days and weeks.”