Premier League

John Terry leads consortium to buy 10% of Chelsea

Published

4 years ago

March 19, 2022

Madelyn

John Terry leads consortium to buy 10% of Chelsea

John Terry is one of the backers of The True Blues consortium, made up of ex-players, fans and British businessmen looking to acquire 10% of Chelsea. The goal of this consortium is the existence of a “platform” through which the fans have a voice in the new leadership of the team.

The sanctions imposed on Roman Abramovich by the UK government have ushered in a new era for Chelsea.

Several entrepreneurs have expressed interest in buying the Blues, but another consortium is interested in acquiring an interest in the majority of the Blues under the “True Blues” name.

One of the leaders of this effort is Chelsea legend and current Blues Academy member John Terry. This consortium consists of former players of the team, fans of the team but also British business people. This consortium wants to buy 10% of the Blues and thus ensure the existence of a communication channel between the Friends of the Blues and the new administration.

The consortium has already contacted Raine Group, the bank managing the sale of the Blues. At the same time True Blues, in partnership with Oakvale Capital, a leading financial advisory group and sports industry investment bank, has committed funding of up to $250,250 million, subject to the terms of the agreement.

If True Blues cannot raise all the money needed to purchase the 10% stake, it will proceed with backstop institutions to fill the gap, allowing backers to participate in the sale in some way.

In terms of structure, True Blues is governed by a board made up of the Chelsea Supporters’ Trust (one of Chelsea’s largest friend groups), the pitch owners, ex-Chelsea players, fans and an independent chairman. They will then have an elected representative representing True Blues on the team’s board of directors.

Details of what John Terry said: “Chelsea has been such an important part of my life for 22 years. I want the club’s history and legacy to be protected as we enter a new era with like-minded people who share the same long-term vision of building the best football club in the world and understand how important our DNA is.

Having met and heard about the True Blues consortium, I know they get it. It’s a group of lifelong Chelsea fans and season ticket holders who came up with an idea that complements each preferred bidder and helps them run the club, while adding friends’ links to the team’s board.

This innovative structure aims to include all Chelsea fans and protect our club. I am grateful for the time and support of the Chelsea Pitch Owners and Chelsea Supporters Trust in this and hopefully we will be welcome investors in the new team structure“.

Madelyn

I am a sports writer and journalist who has written for various online publications including Sportish. I’m originally from the UK but currently live in Toronto, Canada. I’m also an author on Sportish and have written several articles on a variety of sports-related topics.

Premier League

Sir Jim Ratcliffe’s era officially at Manchester United

Published

2 years ago

December 24, 2023

Sophia

Sir Jim Ratcliffe’s era officially at Manchester United

Historic day for Manchester United when British billionaire Sir Jim Ratcliffe acquired 25% of the club’s shares from the Glazer family.

After 13 months of negotiations, Sir Jim Ratcliffe acquired 25% of Manchester United’s shares for £1.25 billion (€1.44 billion).

The British billionaire will take charge of the club’s football operations and says he will invest 272 million euros ($300 million) in Old Trafford. At the same time, he made a proposal to acquire a further share of the shares (up to 25%).

In order for the deal to be finalized and formally concluded, it must be approved by all bodies, including the Premier League, as is the case with such deals.

Source: sport 24

Sophia

Sophia Jhon is a sports journalist and author. He has worked as a news editor for Sportish and is now a sport columnist for the same publication. Alberta’s professional interests lie largely in sports news, with an emphasis on English football. He has also written articles on other sporting topics.

Premier League

City give River more than 20 million euros and take on 17-year-old Etceveri

Published

2 years ago

December 24, 2023

Sophia

City give River more than 20 million euros and take on 17-year-old Etceveri

One step away from finalizing an agreement with River Plate is Manchester City, where they are finalizing a deal to acquire 17-year-old Argentina’s next big thing, Claudio Etcheverry, for over €20 million.

Manchester City are investing in young talent and want to do so again like they did with Julián Alvarez. According to Fabrizio Romano, the Citizens have reached an agreement with River Plate to acquire the 17-year-old Claudio Etcheveri.

The world champion will pay the clause in his contract Argentina’s next big thing, which amounts to over 20 million euros.

The two sides are in the final stages of concluding the contract, after which Mr Etceveri will remain on loan at River until the end of the season, when his contract with the club will expire.

Etcheverry shone for Argentina at the U17 World Cup, scoring a hat-trick against Brazil in the quarter-finals.

Source: sport 24

Sophia

Premier League

Wolves 2-1 Chelsea: Lemina and Doherty knew the Blues

Published

2 years ago

December 24, 2023

Sophia

Wolves 2-1 Chelsea: Lemina and Doherty knew the Blues

Wolves were better for most of the game against Chelsea, who they beat 2-1 in Molino, with Enkunku’s goal in the 90+6 minute not enough to qualify for Matchday 18 of the Premier League.

Wolves beat Chelsea 2-1 at Molinos in the 18th Premier League game in a game that caught fire in stoppage time. Your goals Lemina and Doherty gave the “Wolves” victory Enkunku to reduce

The best moment of the first half belonged to the Londoners, Sterling stole the ball from Gomes just outside the penalty area, got into a foursome with Sha, but sent it to the Portuguese goalkeeper, who saved with his foot.

In the second half the hosts took the lead in the 51st minute after a set piece when Lemina sent the ball into the net after a corner from Sarabia to make it 1-0, while nPreviously, in the 48th minute, they had missed a huge chance to take the lead.

After a cross from Gomes, Totti headed the ball, but Petrovic made a difficult save with his hands. At 54′ Wolves called for a penalty for bringing down Huang in the penalty area, with the referee showing no foul.

Fotia won the game in stoppage time when two goals were scored. In the 90th + 3rd Doherty, who came on as a substitute in the 86th minute, made it 2-0 for Wolves three minutes later After a cross from Sterling, Encuncu shot the ball into Sa’s goal to make it 2-1.

WOLVES: Sat, Kliman, Dawson (70′ Bueno)Gomes, Semedo, Lemina, Gomes, Ait-Nouri (86′) Bueno)Can, Sarabia (75′ Doyle)Cot (86′ Doherty).

CHELSEA: Petrovic, Gusto (80′) Badiasil)Disasti, Thiago Silva, Colville (80′) Maachen)Ogotsovkou (59′) enkunku)Gallagher, Sterling, Palmer, Jackson (80′ Madueke)Brocha (59′ Mudrik).