It has been confirmed that John Terry is part of a consortium engaged in detailed discussions to buy Colcbester United for a reported £14m. His nephew, Frank Terry, is a defender in the first team squad there.
Robbie Cowling took over the club in 2006 but has been looking to sell since last year. In June the US-based Lightwell Sports Group failed in a bid. More recently, Aspire Media Group showed serious interest, but did not proceed with an acquisition.
Cowling told BBC Radio Essex that he could grow the club incrementally, but the fans weren't interested in that. 'They want a moon shot and all I can provide is a slightly bigger ladder each year.' Now in League Two, the U's were in the Championship when Cowling arrived.
Terry is working at Chelsea's Academy, but has never found a managerial role.
Colchester and the surrounding area are prosperous with many commuters into London (one of my children once ran the early morning bookstall on the station). The downside is that quite a lot of football fans in the area support easily accessible Premier League clubs in London.
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