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British tycoon Nick Candy to submit a £2.5billion bid for the takeover of Chelsea by the end of the week... with the property developer who has supported the club since the age of four including plans for a £1.5bn stadium rebuild

British property developer Nick Candy is working on a £2.5billion bid for Chelsea, which includes plans for a £1.5bn rebuild of Stamford Bridge, to be submitted by the end of the week.

The 49-year-old Chelsea fan is talking to a number of American investors about forming a consortium to launch a formal bid for the club.

Candy and his potential partners are understood to value the club some way short of Roman Abramovich's £3bn price tag.

British tycoon Nick Candy (right along with wife Holly Valance) is working on a u00a32.5bn bid to takeover Chelsea

Who is Nick Candy?

  • Nick Candy and his younger brother Christian are British luxury-property developers, estimated to share a joint net worth of £1.