John Terry's True Blues consortium has thrown their support behind Stephen Pagliuca's Chelsea takeover bid.

The former captain wants to give fans a say through shares in the club with more than 10,000 already expressing their desire to buy in.

Terry is one of the founders of the True Blues Consortium, a Chelsea fans' group aiming to buy ten per cent of the club in the upcoming sale.

The organisation claims to have raised £150million they hope will be put towards the winning bidders' purchase - regardless of who lands the club - in turn giving supporters shares.

Boston Celtics co-owner Pagliuca has been backed by Larry Tanenbaum, the chairman of the NBA, while the consortium also includes ex-Walt Disney chief Bob Iger and Eduardo Saverin, one of the founders of Facebook

After meeting with Pagliuca, the True Blues Consortium have decided to publicly endorse that attempt to purchase Chelsea.

A statement said: "Having engaged and being well received by all the bidders we were recently able to spend some time with Steve and Larry and getting to know their bid we're again confident that they are aligned with Chelsea fans, and of course have experience in this area of owning sports teams.

"We feel the club are in a fortunate position with the final bidders and look forward to continuing dialogue with them."