It’s said that Nick Candy is “actively examining” a range of options for a plan that may make him the new head of Stamford Bridge as potential investors race to buy Chelsea Football Club from Roman Abramovich.
Candy, 49, is looking for American partners and has already been linked to a £2.5bn deal that includes a £1.5bn stadium redevelopment plan.
Who Is Nick Candy, Exactly?
Property developer Candy has built residences for the elite in the United Kingdom and the United States, making his fortune. It was in the Earl’s Court neighborhood of London that he and his younger brother Christian got their start in 1995 when they borrowed £6,000 from their grandmother to buy a flat and renovated it, that they made their first £50,000.
Before moving into real estate full-time, the brothers worked full-time and bought properties to flip during the rest of the 1990s. Even though they have their own enterprises, the two have joined forces.
High-profile redevelopments like One Hyde Park, NoHo Square, and the Chelsea Barracks occurred during the 2000s. In 2007, the Candy brothers went to California to work on a doomed project. Nick plans to sell his One Hyde Park penthouse in 2021 for $175 million.
As far as his private life is concerned, Candy is the father of twins from a former relationship with socialite Emily Crompton, but he has been married to Australian actress and singer Holly Valance since 2012, and Katy Perry sang at their Beverley Hills wedding for a fee of £1.2 million. With his wife, he and his family have two children.
As the primary fundraiser for Shaun Bailey’s Conservative London mayoral campaign, Candy is believed to have donated £100,000 to the Conservative Party in March 2020.
It’s estimated that Nick Candy’s net worth is somewhere in the
A net worth estimate for Candy is between £800 million and £850 million. His and Christian’s combined net worth is estimated at £1.5 billion.
Originally From Where?
Epsom College is where Candy attended high school in Surrey and is considered one of the best liberal arts colleges in the United Kingdom. He went on to study human geography at Reading University.
As a Chelsea fan since he was a child, he has made many of his most significant commercial agreements in and around west London. It is his understanding of property, west London, and Chelsea that is considered to be enticing to his possible financial partners for any takeover effort.
What Will Happen to Chelsea if Nick Candy Buys Them?
Due to a large number of potential buyers interested in purchasing Chelsea, it is difficult to predict whether Candy will be successful.
However, a representative for Candy has stated that he intends to purchase the club and that he was a fan as a child.
Chelsea could be on the table for Mr. Candy to buy, according to a representative. There are a number of international partners who are interested in working with us on a joint bid.”
It’s no secret that Mr. Candy adores Chelsea. Since he was four years old, he has been attending games at Stamford Bridge. Mr. Candy’s skills and history in real estate would be a tremendous assistance in achieving the club’s objective of a world-class stadium and infrastructure.”
If Candy’s proposal is successful, he plans to give Chelsea supporters a seat on the club’s board of directors. His case to buy the Blues, a team he’s loved since he was a kid, would include that, according to Sky.
Besides Chelsea, Who Else Is Interested?
Todd Boehly and Hansjorg Wyss are reported to be part of a consortium that made the first formal offer to acquire Chelsea, and 90min has exclusively discovered that Sir Jim Ratcliffe, frequently dubbed as Britain’s richest man, is also interested.
When it comes to potential bidders, Newcastle director Jamie Reuben and his family, the Reuben Brothers, have a 10 percent ownership in the club. At this point, the Ricketts family, owners of the Chicago Cubs, Woody Johnson, owner of the New York Jets, and Saudi Arabian media business are all rumored candidates.
Even though it hasn’t been confirmed whether Muhsin Bayrak’s interest is real, he has claimed to be moving forward with a takeover agreement.
Conor McGregor, a UFC athlete with a net worth of $135 million, is another odd purchase. When it comes to Chelsea, the Irishman recently tweeted: “I intend to explore this.” He had previously shown an interest in purchasing Manchester United.
Why Is Chelsea Being Sold by Roman Abramovich?
Abramovich announced in early March that he would be selling the club after a proposed transfer of stewardship into the hands of the Chelsea Foundation failed.
An announcement of penalties against Russian oligarchs linked to Putin’s government or president came after Russia invaded Ukraine.
According to Abramovich, the entire net profit from the auction would be donated to the Ukrainian conflict victims. Despite the fact that he purchased Chelsea for £140 million in 2003 and is personally liable for a debt of £1.5 billion, he insists he would not seek repayment of any loans.
Holly Valance Is a Well-known Figure in the Fashion
Holly Valance is his wife of Candy. Actress, model, and singer Vallance hails from Australia. Candy & Candy Group Limited is wholly owned by Nicolas and has no other shareholders. While the CPC Group is owned by his brother.
Candy and Candy are regarded as one of the world’s top interior design firms.
The Omni Group of Companies
One Hyde Park is one of Nick Candy’s ventures in real estate. In addition, he is involved in real estate finance through his company Omni Capital Partners. Fortwell Capital Limited became the official name of the corporation in 2016. Cain International purchased the company in 2018.
Incorporated: Footwell Capital
Financing options for developers and investors in the UK’s real estate market are offered by the company.
Net Worth of Nick Candy
He has a fortune of one billion dollars. For tax concerns, he relocated to Monaco. Monaco Wolf was owned by his brother Christian Candy. Isabel dos Santos, who bought the boat, and renamed it Hayken, purchased it from him.