Nick Candy Says Funds Ready to Bid for Chelsea Football Club

U.K. property developer Nick Candy said he has funding in place to make an offer for Chelsea Football Club and is in talks over the final composition of his bid consortium.

Candy said in an interview Monday that he has held discussions with potential partners including British businessman Martin Broughton about teaming up to bid for Chelsea. The two men are among a growing list of suitors circling the west London team, the sale of which has been complicated by the sanctioning of its Russian owner Roman Abramovich last week.