Nick Candy targets £2.5bn Chelsea bid after Wyss and Boehly submit offer

• British property tycoon talking to American investors
• Muhsin Bayrak says he will hold more talks on Thursday

The British property tycoon Nick Candy is working on a £2.5bn bid to buy Chelsea from Roman Abramovich, who has received an offer from a consortium fronted by Todd Boehly and Hansjörg Wyss.

Abramovich put Chelsea up for sale last week and interest in the club is growing. Candy, a Chelsea fan, wants to submit a bid and the 49-year-old is talking to American investors as he tries to build a consortium capable of rivalling Boehly’s and Wyss’s group.