Property billionaire Nick Candy heads consortium to buy Chelsea

British property developer Nick Candy has confirmed his intention to bid to buy Chelsea by the end of the week.

The 49-year-old billionaire and Chelsea fan is working with a number of United States-based investors to compose a consortium bid for the Stamford Bridge club.

Roman Abramovich officially put Chelsea up for sale last Wednesday amid Russia's continued invasion of Ukraine.

Russian-Israeli billionaire Abramovich has owned Chelsea since 2003 and led the Blues to 21 trophies and the pinnacle of the global game.

Candy's readiness to commit to the redevelopment of their Stamford Bridge stadium, which will be required to keep Chelsea at world football's summit, could find favour with 55-year-old Abramovich, who is determined to entrust the club's future to owners with ambitions to match his own.

A spokesperson for Candy confirmed the 49-year-old's impending bid for Chelsea.

"Nick Candy is actively exploring a number of options for a potential bid for Chelsea Football Club," said Candy's spokesperson.

"Any bid would be made in conjunction with another party, or consortium, and we have serious interest from several international partners.

"Mr Candy has a huge affinity with Chelsea. His father was asked to play for the club and he has been watching matches at Stamford Bridge since the age of four.

"The club deserves a world-class stadium and infrastructure and Mr Candy's unique expertise and background in real estate would be a hugely valuable asset to delivering this vision."

Abramovich had already received several serious bids for Chelsea just days into the sale process last week.

New York merchant bank the Raine Group is conducting the sale and expressions of interest have soared well past double figures.

US billionaire Todd