Who is Nick Candy? His Net Worth, His big plan for Chelsea supporters: If Nick Candy’s proposal to acquire Chelsea from Roman Abramovich is successful, he has offered to give Chelsea supporters a seat on the board of directors.
Despite Abramovich’s suspension, the 49-year-old property developer is in negotiations with bankers to join a group to acquire Chelsea, the team he supports and will move forward anyway.
There had been speculation that the Russian tycoon might be unable to sell the club due to the freezing of his assets, but the UK government is willing to approve a transaction if Abramovich does not profit financially from the sale.
Chelsea is thought to have received more than ten genuine bids for the club, but Candy is hopeful that he will be the one that gets the approval of the fans.
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In addition to providing supporters a meaningful say in how the club is operated in the future, he has also pledged to give short-term money if Chelsea requires it — subject to the club meeting the terms set on it.
Candy’s representative told Sky News on Sunday, “We appreciate the news that the sale of the club will be done promptly.”
‘After a week of immense uncertainty, this is a heartening development for fans.’
‘Mr. Candy is passionate about the club’s future and feels that the supporters and community are essential to its success.
‘If Mr. Candy’s candidacy is successful, he will fight for a fan representative to be appointed to the board of directors so that fans may participate in the decision-making process.’
Nick Candy, who is he?
Nick Candy is a real estate developer who has built a fortune in the United Kingdom and the United States by developing residences for the elite. In 1995, he and his younger brother Christian got their start in the market when they acquired a property in London’s Earl’s Court neighborhood with a £6,000 loan from their grandmother and rebuilt it to make a £50,000 profit in 18 months.
The brothers proceeded to acquire property to flip with full-time work for the rest of the 1990s until committing to property full-time. They have partnered despite the fact that they manage distinct firms.
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One Hyde Park, NoHo Square, and the Chelsea Barracks were all high-profile developments in the 2000s. In 2007, the Candy brothers returned to the United States to work on an ill-fated project in California. Nick placed his own penthouse at One Hyde Park up for sale in 2021 for £175 million.
Candy was the top fundraiser for Conservative London mayoral candidate Shaun Bailey, donating £100,000 to the Conservative Party in March 2020.
Nick Candy net worth
Candy’s net worth is estimated to be between £800 million and £850 million. They are estimated to be worth £1.5 billion when combined with his brother Christian.
Will Nick Candy buy Chelsea?
Because there are so many prospective new owners interested in purchasing Chelsea, it’s hard to predict whether Candy will be successful.
Nick Candy’s spokesman, on the other hand, has openly stated his goal to purchase the club and indicated that he has been a fan since boyhood.
A representative for Mr. Candy said, “Mr. Candy is currently studying a variety of alternatives for a future offer for Chelsea.” “Any proposal would be made in collaboration with another party, and numerous foreign partners have expressed significant interest.”
“Mr. Candy has a strong bond with Chelsea. Since he was four years old, he has been watching matches at Stamford Bridge. The club deserves a world-class stadium and infrastructure, and Mr. Candy’s real estate knowledge and background would be a big help in achieving that goal.”
Candy has also recommended that if his proposal is successful, Chelsea supporters be given a seat on the club’s board of directors. It will reportedly be part of his case to acquire the Blues, whom he has supported since infancy, according to Sky News.
