John Terry buys Colchester United

The deal marks a transition into ownership for Terry, who has recently abandoned his pursuit of a managerial career.

The consortium aims to revitalize the struggling club, with AI predictions suggesting a potential rise to the Championship within two decades.

Terry currently serves as an academy coach at Chelsea and is expected to bring his extensive experience to the boardroom.

The takeover is anticipated to be officially announced later this week, following final regulatory approval.