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Chelsea legend John Terry confirms he is leading a £250MILLION consortium called True Blue looking to buy a 10 per cent stake in the club... with bid allowing supporters to buy fan tokens for more than £100 in exchange for voting rights

John Terry has entered the Chelsea ownership race by confirming he is fronting up a £250million consortium looking to buy supporters a 10 per cent share in the club.

The former skipper and Chelsea legend is leading the True Blues Consortium, which plans to allow fans to buy a stake in the club for as little as £100.

Terry and former Chelsea women's player Claire Rafferty have put their names to the consortium which has won the backing of Stamford Bridge freeholders, Chelsea Pitch Owners, and the club's supporters' trust.

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