Former Chelsea captain John Terry is leading a £250 million consortium to acquire a 10% stake in his former club. The former centre-back confirmed that he is leading the True Blues Consortium, which would allow fans to buy voting rights for £100.

The Consortium has won the support of Chelsea Pitch Owners, Stamford Bridge freeloaders and former Chelsea women’s player Claire Rafferty. David Meller, a conservative party donor, who has previously worked with the club in charity, is also behind the consortium.

John Terry heads True Blues Consortium for 10% Chelsea stake

‘Chelsea has been such an important part of my life for 22 years,’ said Terry.

John Terry has announced the True Blues Consortium, made up of fans and former players, to buy a 10% stake in Chelsea FC to provide a platform and voice for fans once the club is sold.

Good move by the True Blues Consortium? 👇 pic.twitter.com/f8OPjht49f
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‘I want to see the club’s history and heritage protected as we go into a new era with like-minded people who have the same long-term vision of building the best football club in the world and understand how important our DNA is.’

The former Aston Villa assistant coach has been criticised for his activity in the NFT market. He is promoting ‘Ape Kids Football Club’ tokens, whose value has taken a strong nosedive recently. Terry has also been asked to remove the Premier League and UEFA trophies alongside the Chelsea badge from these tokens.

The reduction of the value of the token by 90 per cent is not very encouraging news for Blues fans. However, with the backing of the different bodies, it remains to be seen whether Terry can edge out a share in his former club.