Chelsea sale: Nick Candy’s £3bn takeover could be halted by just one major UEFA problem

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Who Is Nick Candy

With just under a week having now progressed since the deadline for any bids for Chelsea, Blues’ supporter Nick Candy appears to have emerged as one of the major contenders for a takeover. A life-long fan, it has been suggested that the London businessman is one of a number of interested parties to have lodged a bid for the Blues.

It has previously been reported that an offer of towards £3bn would be enough to see a deal rubber-stamped but it remains to be seen whether Candy’s offer reaches those desired levels. His hopes of becoming Roman Abramovich ’s successor at Stamford Bridge could take a significant hit though, with rumours that UEFA regulations could scupper significant investment at the club.

According to Sky News, Candy is set to be backed by an affiliate of Elliott Management - the group that holds a controlling stake in current Serie A leaders AC Milan. Whilst not directly impacting Candy’s move to purchase Chelsea, a problem arises with the company’s involvement in west London.

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As per UEFA timeshare rules, via CalcioMercato, any conflict of interest between two clubs would be forbidden - as