The fan-led group co-founded by Chelsea legend John Terry are reportedly in 'positive talks' with two of the shortlisted bidders about buying a 10 per cent stake in the west London-based club.
As reported by Sky Sports, the True Blues consortium has approached three of the four consortia looking to take over from Roman Abramovich as owner of Chelsea.
The report adds that Sandford Loudon, a partner at Oakvale Capital and True Blues consortium representative, said on Wednesday that he anticipated sufficient demand to acquire a 10 per cent shareholding in Chelsea if it was sold at a £2.5bn valuation.