Katie Price’s Husband Lee Andrews Launches Bold Bid to Buy Chelsea FC

Lee Andrews has announced plans to purchase a majority stake in Chelsea FC. The 42-year-old revealed the move on April 8, 2026.

Details of the proposed takeover

Andrews said he intends to acquire roughly 55 percent of the club’s shares. He described the plan as ambitious but insisted he has the funds.

He added that a verification process is required before any transaction completes. Andrews said the necessary checks will take place.

How Andrews framed the bid

Katie Price’s husband has framed the approach as a bold bid to buy Chelsea FC. He acknowledged the idea sounds daring and asked observers to watch developments.

Andrews declined to disclose full details of his wealth. He maintained, however, that the money to back the purchase exists.

Chelsea’s financial context

Chelsea reported a loss of about £262.4 million in the 2024/25 season. That figure is the largest single-season loss in Premier League history.

The record eclipses Manchester City’s previous high of £197.5 million from 2010/11. The club’s financial position makes ownership a costly prospect.

Current ownership and valuation

The club is owned by the BlueCo consortium, led by US entrepreneur Todd Boehly. BlueCo bought Chelsea in 2022 for about £4.25 billion.

Any bid to take control would therefore involve negotiating with an established and expensive ownership group.

Questions over Andrews’ background

Concerns have followed Andrews amid claims investors say they did not receive returns. Reports have fuelled suspicion about his business dealings.

There have also been allegations that he is based in Dubai and subject to a travel ban. Andrews has claimed to have paid cash for a £36 million home on Palm Jumeirah.

Past exaggerations and disputes

Andrews has admitted inflating parts of his CV. He once claimed to speak a dozen languages but managed only a few when tested.

He has been accused of falsely claiming meetings with high-profile figures and of overstating academic credentials. Katie Price said she was unsure where a claimed PhD originated.

Filmogaz.com has contacted Chelsea FC for comment on the potential takeover and Andrews’ statements.