Nick Candy clenches his fist in celebration of a Chelsea goal. PA
Nick Candy clenches his fist in celebration of a Chelsea goal. PA
Nick Candy clenches his fist in celebration of a Chelsea goal. PA
Nick Candy clenches his fist in celebration of a Chelsea goal. PA

Nick Candy submits £2bn bid for Chelsea


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UK property developer Nick Candy has said he bid more than £2 billion ($2.6 billion) with a group including two South Korean partners for Chelsea Football Club, while rival bids from investors including former Liverpool FC Chairman Martin Broughton also landed before Friday’s deadline.

Mr Candy teamed with South Korea’s Hana Financial Group and C&P Sports Group to bid for the club, put up for sale by Roman Abramovich in response to UK government sanctions against him following Russia’s invasion of Ukraine.

In a statement late Friday, Mr Candy said he plans to deliver a new stadium at the club’s Stamford Bridge home in west London and “set a new benchmark in stadium design worthy of the Chelsea’s globally celebrated reputation, whilst creating a major new landmark for London.”

Several bidders are expected to have made indicative offers for the club by the deadline, with everyone from US sports tycoons to a hedge fund founder reportedly showing interest.

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Founder: Abdulla Almoayed

Based: UAE

Founded: 2017

Number of employees: 35

Sector: FinTech

Raised: $13 million

Backers: Berlin-based venture capital company Target Global, Kingsway, CE Ventures, Entrée Capital, Zamil Investment Group, Global Ventures, Almoayed Technologies and Mad’a Investment.

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

Updated: March 19, 2022, 12:39 AM