Former Chelsea captain John Terry agrees £14m Colchester United takeover
Former Chelsea captain John Terry is part of a consortium that has agreed a £14m takeover deal for League Two side Colchester United.
The 45-year-old is preparing to take a leading role at the Essex-based club.
The U’s currently sit 13th in the fourth tier of English football under the management of Danny Cowley.
The ex-England defender already has personal ties to the team, with his nephew Frankie currently on their books following a loan spell at Braintree Town.
Pato withdrawal paves the way
This surprise foray into club ownership follows a collapsed bid by one of his former Stamford Bridge team-mates earlier this year.
Brazilian forward Alexandre Pato had previously been in discussions to purchase the team through the Sports Alpha Capital investment group.
Those negotiations ultimately fell through in February, leaving the door open for the five-time Premier League winner to step in alongside new investors.
Aspire Media Group has decided not to proceed with the proposed acquisition of Colchester United by Sports Alpha Capital.
Official joint statement
Joining the celebrity ownership trend
The legendary centre-back becomes the latest high-profile figure to invest money into the English Football League pyramid.
Hollywood actors Ryan Reynolds and Rob McElhenney have famously guided Wrexham to the brink of the Championship following their high-profile purchase.
Terry had previously focused heavily on pursuing a career in coaching and management after hanging up his boots.
He recently expressed frustration at being overlooked for the interim managerial vacancy at his former West London employers earlier this season.
