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.
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"Thousands of supporters and dedicated fans have contributed over £100m to True Blues," he said. "We're having positive discussions with the two leading bidders and the bank in charge of the transaction, and our primary goal is to ensure that Chelsea fans have a voice during these unprecedented times.
"We are defending our valuable club's history and principles and hope that by allowing fans to own a piece of Chelsea FC, this ground-breaking new model will change how football teams are run."
The list of potential new Chelsea owners has been narrowed down to four candidates. Consortia led by Sir Martin Broughton; Todd Boehly; the Ricketts family; and Stephen Pagliuca all have a chance of being the Blues' new owners.
They've each been given until April 11 to submit improved bids to Raine Group. The bank then reportedly plan to present a preferred bid to the government before the end of that month.
