Former Chelsea and England captain John Terry 'leading £14m bid' to buy League Two club Colchester
John Terry is part of a consortium looking to take over League Two club Colchester, it has been reported.
Listen to this article
John Terry is part of a consortium looking to take over League Two club Colchester.
The former England and Chelsea captain is said to be involved in a £14million deal to purchase Colchester, who are currently 13th in League Two.
The Sun newspaper reported on Monday that Terry – who has been working at the Chelsea Academy following coaching spells at Aston Villa and Leicester – will have “significant influence” over the footballing side of the Essex club.
Read More: Chelsea slapped with record fine and suspended transfer ban over secret payments to agents
Read More: Chelsea appoint Liam Rosenior on seven-year deal as former Strasbourg boss replaces Enzo Maresca
The former defender’s nephew Frankie Terry is on Colchester’s books and it has been reported the 45-year-old, whose glittering playing career at Stamford Bridge included five Premier League titles, has already visited the club’s training ground “a few times”.
A proposed takeover of Colchester by the American-based Lightwell Sports Group fell through last June, and owner Robbie Cowling formally put the club back on the market in September.
An investment group, which included former Chelsea, AC Milan and Brazil forward Alexandre Pato, withdrew from talks to take over Colchester in February.
Us owner Cowling later issued a brief statement confirming while the Essex club were “in detailed discussions with a consortium”, no more specific details could be revealed.
Cowling said: “Colchester United are currently in detailed discussions with a consortium regarding a proposed sale of the club.
“At this stage, we are not in a position to comment on any specific individuals or companies involved.
“Further details will only be shared once a transaction has been fully completed and all formalities have been concluded.
“In the meantime, my focus remains on ensuring that any decision regarding the future ownership of the club is the right one for Colchester United, its supporters, and its long-term success.”