Nick Candy to be backed by AC Milan owners Elliott Management after lodging £2bn bid to buy Chelsea
POTENTIAL new Chelsea owner Nick Candy is reportedly receiving backing from AC Milan’s American owners.
The British businessman is one of many hoping to replace Roman Abramovich at the top of the CFC Group.
And he exclusively told SunSport last week that he intends to continue Chelsea’s transfer model which has brought unprecedented success to Stamford Bridge.
Candy, who originally bid £2billion, returned with an improved offer for Chelsea earlier this week after getting a new Korean backer to join his consortium.
And Sky News claims Candy has now added American hedge fund group Elliot Management to his team.
The New York-based investor, a global leader in finance and boardroom activism which has £39bn in assets, owns Serie A table toppers AC Milan.
And Candy’s offer has seen them agree to add a ‘multimillion pound sum’ into Chelsea.
Elliot Management, founded and run by American businessman Paul Singer, are also involved at French club Lille – who won the Ligue 1 title last season.
It’s reckoned the cash injection would not be enough to put Elliot Management in charge of Chelsea.
Therefore it would create no problems over dual club ownership should the Blues ever face AC Milan in Europe.
Most read in Football
FREE BETS AND SIGN UP DEALS – BEST NEW CUSTOMER OFFERS
Current Uefa regulations state two clubs majority-owned by the same group or person can’t be drawn against each other in competitions, with one needing to forfeit the tie.
It’s now reckoned Raine Group, who are overseeing proceedings on Abramovich’s behalf, will trim down bidders to a final shortlist this week.
Saudi Arabian businessman Amr Zedan, who is married to Jordanian royalty, is the latest to have thrown his hat in the ring.
Zedan and Candy, plus American Todd Boehly, London-based Centricus, the Ricketts family and the Saudi Media Group, are among those fiercely competing for ownership of Chelsea.
Read More on The Sun
Meanwhile, SunSport understands reports that Abramovich has launched a bid to buy Turkish club Goztepe are false.
And the Russian has no interest in buying the team that currently sit 18th in the Super Lig and two points from safety.