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Pagliuca And Tanenbaum Commit To A 'lifetime Ownership' Of Chelsea

Pagliuca And Tanenbaum Commit To A 'lifetime Ownership' Of Chelsea

Steve Pagliuca and Larry Tanenbaum have committed to 'lifetime ownership' of Chelsea if their joint bid to buy the club is successful.

Pagliuca, co-owner of the Boston Celtics basketball team, and Tanenbaum, who backs the Toronto Maple Leafs, also promised to add to the stream of trophies won under Roman Abramovich

The other groups in the running are one led by Sir Martin Broughton, the former Liverpool chairman, and another by LA Dodgers part-owner Todd Boehly.

Steve Pagliuca has committed to a lifetime ownership of Chelsea if he wins the right to buy the club
Toronto Maple Leafs and Raptors owner Larry Tanenbaum is part of his consortium

Steve Pagliuca (left) and NBA chairman Larry Tanenbaum (right) have committed to a lifetime ownership of Chelsea if they win the right to buy the club

All four bidders looking to buy Chelsea say their offers will be entirely funded by cash

All four bidders looking to buy Chelsea say their offers will be entirely funded by cash

Pagliuca, who also owns a stake in Serie A side Atalanta, said: 'Larry and I have known each other for over 20 years and we are committed to this being a lifetime ownership.

It is a long-term commitment that both families want to make.'


He continued: 'Incorporating a broad spectrum of fan perspectives will be a fundamental part of our stewardship if successful.

'It was heartening to see the passion from the groups, on individual matters important to them, but also the common issues on which they sought clarity: mainly providing comfort on investment in the first team squads, ongoing investment in the academy, expanding the excellent work in the community, and the future redevelopment of Stamford Bridge.

Tanenbaum added: 'Fans want championships and cups, images.google.sn and the best experience in their own home stadium.

Steve and I are dedicated to, and will deliver, both.'