John Terry endorses Boston Celtics owner Stephen Pagliuca’s Chelsea takeover bid with legend out to give fans a say

JOHN TERRY has thrown his support behind Stephen Pagliuca’s Chelsea takeover bid.

And the former captain wants to give fans a say through shares in the club with more than 10,000 already expressing their desire to buy in.

True Blues Consortium, helped founded by John Terry, are raising support for fans’ shares

Stephen Pagliuca is leading a consortium to try and buy the Stamford Bridge club

Terry is one of the founders of the True Blues Consortium, a Chelsea fans’ group aiming to buy ten per cent of the club in the upcoming sale.

The organisation claims to have raised £150million they hope will be put towards the winning bidders’ purchase – regardless of who lands the club – in turn giving supporters shares.

Boston Celtics co-owner Pagliuca has been backed by Larry Tanenbaum, the chairman of the NBA, while the consortium also includes ex-Walt Disney chief Bob Iger and Eduardo Saverin, one of the founders of Facebook

After meeting with Pagliuca, Sky News report the True Blues Consortium have decided to publicly endorse that attempt to purchase Chelsea.



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A statement said: “Having engaged and being well received by all the bidders we were recently able to spend some time with Steve and Larry and getting to know their bid we’re again confident that they are aligned with Chelsea fans, and of course have experience in this area of owning sports teams.

“We feel the club are in a fortunate position with the final bidders and look forward to continuing dialogue with them.”

Russian oligarch Roman Abramovich has been forced into selling Chelsea amid his country’s invasion of Ukraine.

Four bidders remain – Pagliuca, Todd Boehly; Lord Coe and ex-Liverpool chairman Martin Broughton; and the Ricketts family.

The contenders must submit final offers for the Stamford Bridge club by Thursday – with at least £2.5billion needed.

According to the PA news agency, New York merchant bank the Raine Group will then hope to present a preferred bidder to Downing Street next week.

The Government must approve the eventual buyer, with the issuing of a new Treasury licence for the sale the final hurdle for Chelsea’s would-be new owners.

American financial tycoon Pagliuca – who only recently bought a controlling stake in Serie A side Atalanta – broke his silence over his bid this week.

He said: “Our first focus and goal is to make strategic investments to continue competing for trophies.

“We will support our players and managers to make sure that Chelsea are habitual winners.

“Our second focus will be to continue to cherish and preserve the legacy and traditions of the club.

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“Not only are we committed to remaining at the home of Chelsea, Stamford Bridge, but we are inspired to renovate or redevelop the stadium.

“Chelsea deserve a world-class stadium.”


By: Joshua Jones
Title: John Terry endorses Boston Celtics owner Stephen Pagliuca’s Chelsea takeover bid with legend out to give fans a say
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Published Date: Wed, 13 Apr 2022 19:39:48 +0000

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