19 September 2023 , 18:38
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Chelsea icon John Terry is attempting to buy a stake in his former club as the pressure continues to crank up on Todd Boehly.
The American billionaire completed a record-breaking £4.25bn deal for the Blues back in May last year as he replaced Roman Abramovich at the helm. However, he is already searching for fresh investment following a turbulent season-and-a-half.
Boehly has already spent over £1bn on new signings but has so far failed to inspire an upturn in fortunes. Chelsea finished 12th last season - their second-lowest Premier League finish.
The West Londoners currently sit 14th after a poor start to the new campaign. Now, it appears that Boehly is ready to welcome new investment to the club as he attempts to get the Blues back on track.
According to The Telegraph, Chelsea veteran Terry is one of a number of options who could buy a stake. The former defender has apparently joined forces with Chelsea season-ticket holder and chief executive of online technology platform PrimaryBid Anand Sambasivan and businessman Harley Kisberg to put together an offer.
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It is thought that the pair are interested in acquiring a 10% stake of the club, with fan investment also being incorporated. Terry will hope he has better luck this time after being part of the ‘True Blue’ consortium that was beaten to a takeover by Boehly’s Clearlake Capital.
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However, he faces competition. It is suggested that Ares Management, who previously made an investment offer to Manchester United, are also in contention.
Whilst Boehly has yet to indicate his stance formally, it is reported that he would prefer an equity investment. Should he sell a 10% stake, it is thought that it would help a number of projects including the club’s proposed redevelopment of Stamford Bridge, alterations to Cobham and expand Clearlake’s multi-club model.
Amid Terry’s attempts to buy a stake in his former employers, he has already issued his view on Boehly. Speaking at event earlier this months he said: “I’ve come across Todd Boehly five or six times.
“They are trying all they can. They have all the right intentions. Frank [Lampard] was dealing with it closely and they are trying to do the right things long term. All we can do is trust them. I believe we will be back.”
Boehly also welcomed Terry back to Stamford Bridge earlier this season. The pair were present in the American’s executive box for the 3-0 win over Luton Town but the meeting was not centred around around any potential investment.