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.
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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.