Colchester United says a takeover bid involving a consortium that includes former England and Chelsea defender John Terry has fallen through. The club confirms the failure of the proposed deal, ending an attempt to secure full ownership through the consortium. The Athletic reports that Colchester was put up for sale in 2025 and has since attracted two proposals for full ownership this year, both of which have not progressed to completion. While details of the specific terms and reasons for the failed consortium bid are not provided in the available reports, the club’s confirmation indicates the process does not proceed. The reports collectively describe a deal that was being pursued through the year and concludes without agreement for the consortium to take over the club. With the bid unsuccessful, Colchester remains in its existing ownership and management structure while it determines its next steps regarding its sale process.