Catalina Kim, head of South Korean company C&P Sports has announced her group has parted ways with Nick Candy, with the intention of joining another consortium for the Chelsea takeover.
Ahead of last Friday's deadline C&P Sports joined forces with Candy in a move that reportedly resulted in the bid by the property tycoon being raised to around the £2billion mark. However, it emerged on Thursday evening that several groups had been told they had not made the shortlist.
They included luxury property developer Candy, who claims to have been a Chelsea fan since four years old, and the Saudi Media group, who were first to go public with their rejection. As of Friday evening, three bids known to the public appear to have progressed onto the shortlist put together by Raine Group, the New York-based merchant bank overseeing the auction.
