American businessman Stephen Pagliuca appears to be one of the front-runners to complete a takeover of Chelsea over the coming months. His bid has been named as one of the preferred offers for the Blues and he now appears to have considerable backing ahead of any decision.
He has already joined forces with NBA chairman Larry Tannenbaum, whilst Blues hero John Terry has also agreed to spearhead an effort to complete a takeover alongside the 67-year-old. A statement from Pagliuca confirmed the decision.
Released on Wednesday, it read: “We are thrilled to have such an accomplished group of individuals who are committed to the long-term interests of Chelsea Football Club. We appreciate this opportunity and would be honoured to create an exciting future for this great football club."
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According to Wallmine, Pagliuca is currently valued at approximately $3.87billion (£2.9billion) dollars having built up his fortune via a number of lucrative business ventures throughout his career. He is a private equity investor, whilst acting as the co-chairman of Bain Capital - an investment firm based in Boston.
Meanwhile, Pagliuca also has a very successful portfolio within the sports sector. He is currently managing general partner and member of the executive committee of NBA side Boston Celtics. The American is also a member of the board of governors for the NBA itself.
Earlier this year, he also was part of a group acquiring a controlling stake in Serie A outfit Atalanta and was named as co-chairman of the Italian club which could scupper any deal due to UEFA guidelines.
Pagliuca is not the only man attempting to complete a takeover, however. The Ricketts family still remain in the running for the west London club, whilst consortiums led by Sir Martin Broughtoun and Todd Boehly have also been named as preferred bidders.
