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Pagliuca confirms boost to Chelsea takeover bid and welcomes legend’s endorsement - CoolBaze.com

Pagliuca confirms boost to Chelsea takeover bid and welcomes legend’s endorsement

Pagliuca confirms boost to Chelsea takeover bid and welcomes legend’s endorsement

Steve Pagliuca has confirmed that NBA chairman Larry Tanenbaum would serve as a co-managing partner in his effort to takeover Chelsea FC.

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Pagliuca, a co-owner of the NBA team Boston Celtics, also expressed gratitude for the support of the True Blues Consortium, a group that has the backing of former club captain John Terry. Pagliuca also expressed gratitude for the support of True Blues Consortium.

Tanenbaum
Tanenbaum has joined Pagliuca in their bid to buy Chelsea football club
Pagliuca
Pagliuca’s bid is understood to be a strong one, who now has further backing

Pagliuca, 67, is one of four potential buyers for the club, which was put up for sale by Russian billionaire Roman Abramovich, who has been sanctioned by the United Kingdom government.

With Tanenbaum, the owner of the Canadian company Maple Leaf Sports and Entertainment (MLSE), Pagliuca has announced his other bidding partners, including former Disney CEO Bob Iger and Facebook co-founder Eduardo Saverin, as well as successful businesswoman Elaine Saverin, as well as former Disney executive Bob Iger.

Tanenbaum’s support could be crucial in Pagliuca securing the club

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In addition to Guber, who owns the Golden State Warriors, the Los Angeles Dodgers, and the Los Angeles FC, B Capital founder Raj Ganguly, venture capitalist Jim Breyer, investor John Burbank, and internet entrepreneur Div Turakhia are also engaged.

In a statement released on Wednesday, Pagliuca said: “Larry is a world-class individual who is highly regarded in the global sports community, and his experience in sports governance, his long-term perspective, and civil construction expertise are tremendous assets for our group.”

Tanenbaum, a Canadian with extensive expertise in sports club management, provides a significant help to Pagliuca’s quest for the Blues.

Pagliuca is co-chair of the Boston 2024 Olympic Finance Committee

His firm, MLSE, controls the Toronto Maple Leafs of the National Hockey League, the Toronto Raptors of the NBA, and the Toronto FC of Major League Soccer.

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“The decision to partner with Steve was an easy one as we share similar values and passion for sports,” Tanenbaum said.

“Once we started speaking, it was clear that we share the same long-term vision and goals for Chelsea Football Club.

“I can reassure Chelsea supporters that both Steve and I are committed to supporting a championship-winning team, building a state-of-the art stadium at Stamford Bridge, investing in our academy and women’s teams, and making a real difference in the community.

“I am excited by the potential future for Chelsea Football Club.”

Finally, final proposals will be received on Thursday by Raine Group, the American bank in charge of the bidding process. The transaction is likely to close in May.

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The Los Angeles Dodgers’ Todd Boehly and British business titan Jonathan Goldstein, as well as Sir Martin Broughton and Lord Sebastian Coe, as well as the Chicago Cubs’ Ricketts family, which has sparked protests from the club’s supporters, are the other potential buyers for the Stamford Bridge outfit, according to reports.

Abramovich announced his intentions to sell the club early in March

Pagliuca also appreciated the support of the True Blues Consortium, which is sponsored by former Chelsea captain Terry. The organisation is attempting to purchase a ten percent interest from the club’s eventual new owners in order to guarantee that fans are adequately represented.

“We are thrilled to have such an accomplished group of individuals who are committed to the long-term interests of Chelsea Football Club,” Pagliuca said.

“We appreciate this opportunity and would be honoured to create an exciting future for this great football club.”

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