John Terry, the football star and former England manager, is set to score a £40 million windfall after turning his hand to property development.
Terry, who has been offered a £1.8 million deal to sign for Spartak Moscow, has secured approval to knock down a house he bought for £4.5 million in 2014 and build two new ones.
A source said: “John has a flair for property development.”
Terry, 37, previously made more than £20 million selling two pads near the proposed new ones in Surrey.
The new five and six-bed homes will enable him to score another £20 million, The Sun reported.
In 2014, it was revealed that Terry’s luxury nine-bedroom, £16 million home in Surrey had been bought for the Sultan of Oman by General Sultan bin Mohammed al-Naamani, a senior minister for the Arab state.
Al-Naamani was believed to have bought the home from father-of-two Terry for his wealthy boss, Sultan Qaboos bin Said, 72, who has a fortune of £650 million, according to reports. Terry made a £10 million profit from the deal.
Terry and his wife Toni and twin children had planned to live in the nine-bedroom white mansion, which was built next door to his old property.
A source told The Sun: “The Sultan’s most trusted aide just waltzed in and made an amazing offer. His advisers were brokering the deal. But we’re told the Omani royal family wanted the house at any cost. John Terry loved that place and really put his stamp on it. The Sultan made him an offer he couldn’t refuse.”
Terry received a total of £21.25 million after selling his two neighbouring houses. In 2013, he sold his original red-brick house for £5.25 million after three years on the market, but then received an out of the blue £16 million offer for his new home.
Terry has received offers from four clubs, including Spartak Moscow and one in the Premier League, since leaving Aston Villa after its play-off defeat against Fulham in May.
DMZ is excited to see yet another footballer become a successful property tycoon.
Earlier this year, it was revealed that members of Manchester United’s “Class of ’92” had agreed an enormous residential property deal to build a university, student village and new homes.
The University Academy ’92 (UA92), fronted by former Manchester United stars Gary and Phil Neville, Ryan Giggs, Nicky Butt and Paul Scholes, is part of a £170 million Trafford Council plan for the Greater Manchester area.
Other stars getting in on the action include Manchester City captain Vincent Kompany, who is building 75 luxury apartments in the inner city area of Ancoats in Manchester.
Last year, former Premier League boss Harry Redknapp revealed plans for a huge upmarket development project in Bournemouth, containing 21 flats and three mews houses.
And Robbie Fowler has been so chuffed with his property development success that he opened an academy for budding property entrepreneurs, although he doesn’t actually bother turning up to seminars.
In London, meanwhile, Rio Ferdinand is collaborating with ex-West Ham striker Bobby Zamora and current West Ham midfielder Mark Noble on a new, socially motivated development programme called the Legacy Foundation.
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