John Terry, the Chelsea legend and former England international, is close to completing the purchase of Colchester United, which competes in the English League Two.

The deal is valued at approximately £14 million, as part of a partnership that brings Terry together with an investment group seeking to acquire the club.

Terry has shown great enthusiasm for finalizing the agreement, having visited the club's facilities and met with the players, expressing his confidence in the team's capabilities and his ambition to support them in the upcoming phase.

British press reports cited a source close to the negotiations stating that the deal has taken a long time but is now close to completion, with all parties eager to conclude it.

Terry has an illustrious record from his playing career, having won the Premier League title five times, alongside winning the Champions League in 2012, and he currently works within Chelsea's academy.

Colchester United officials and players hope this move will contribute to supporting the team technically and administratively, enhancing their chances of competing for promotion to the Premier League.

It is expected that the official announcement of the deal will be made soon, with the possibility of Terry taking on an influential role in the club's technical aspects.

Terry joins a list of stars who have turned to investing in clubs, including Ryan Reynolds at Wrexham, Snoop Dogg at Swansea, and Will Ferrell at Leeds.

David Beckham's experience with Inter Miami stands as a prominent example of successful football star investments in club management.