Tag: chelsea f.c.

Boston Celtics co-Governor Stephen Pagliuca hints at interest in buying Liverpool or Manchester United

It’s not the first Premier League team Pags has been tied to.

Boston Celtics fans who also follow the sport of soccer in Europe likely recall Celtics co-Governor Stephen Pagliuca‘s interest in buying Chelsea, the British football club, before another investment consortium won the bidding process. Those fans may be keen to learn Pagliuca recently hinted his investment firm may yet have an interest in purchasing a Premier League club.

Asked about whether he might have an interest in buying either Liverpool or Manchester United, Pagliuca replied (via the Manchester Evening News’ Matthew Abbott) “I looked at Liverpool about 15 years ago,” before their current ownership group bought the ball club.

“I can’t talk specifically about any transactions we are working on because of confidentiality agreements, but obviously, we are aware of those transactions,” added Pagliuca. “The question on those transactions, in general, is what price level do we think is sustainable?”

“Obviously the Chelsea process, which received a record price, has probably motivated folks to try and monetize clubs that they have owned for a long time, and we are certainly in a period where values have been driven up,” continued the Celtics owner, who also owns Italian club Atalanta.

“Anyone who buys a club has to assess the economic opportunity, how much money we have to put in to keep up the quality and what that will cost you. That is what we do in everything we are looking at.”

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Boston Celtics Hall of Fame big man Kevin Garnett takes in a Chelsea football club game in Las Vegas

Check out the Big Ticket getting to know association football, or as we call it in the states, soccer.

There seems to be a growing trend among current and retired NBA players to get into association football — or as we in the U.S. tend to call it, soccer — and Hall of Fame Boston Celtics big man Kevin Garnett might well end up among them after a recent experience The Big Ticket had on a visit with the team Celtics co-owner Steve Pagliuca made a bid for not all that long ago.

The club in question is the world-famous Chelsea Football Club, and the visit saw Garnett take in an exhibition tilt between Chelsea and Club America at Allegiant Stadium in Las Vegas, Nevada, courtesy of his host for the event, U.S. Men’s National Team star, Christian Pulisic.

If you want to see what KG thinks of the sport with your own eyes, be sure to take a look at the clip embedded below, courtesy of the folks over at the Showtime Basketball YouTube channel.

Check out the “Celtics Lab” podcast on:

Apple Podcasts: https://apple.co/3zBKQY6

Spotify: https://spoti.fi/3GfUPFi

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Celtics co-governor Steve Pagliuca’s consortium informed it will not be the preferred bidder for Chelsea FC

The Celtics co-governor will have to suffice with owning Atalanta FC (and some obscure Boston basketball team).

It looks as if the saga surrounding Boston Celtics co-governor Steve Pagliuca’s bid to purchase British Premier League football (as in soccer) club Chelsea has come to an end, with the Daily Telegraph’s Matt Law reporting that Pagliuca’s investment group will not be the club’s preferred bidder.

In layman’s terms, that means the team’s current board does not believe Pagliuca’s group to be the best option to purchase the team, effectively taking them out of the running to buy the team currently up for sale after sanctions sparked by the Russian invasion of Ukraine forced the sale of the club by the prior owner, Russian oligarch Roman Abramovich.

The Guardian’s Jacob Steinberg reports that Todd Boehly’s consortium is the likely frontrunner to land the team, but some uncertainty remains as Sir Jim Ratcliffe’s consortium had announced they’d made a late offer worth more than $4 billion pounds (about $5 billion US).

At any rate, it seems Pagliuca et al are out of the running, with the Bain Capital executive having to console himself with ownership of also recently-purchased Italian football club Atalanta. While certainly not on the scale of club like Chelsea, it’s far from the worst consolation prize.

This post originally appeared on Celtics Wire. Follow us on Facebook!

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Celtics’ co-governor Steve Pagliuca’s investment consortium among 3 remaining in bid to buy Chelsea FC

The Celtics co-governor’s investment group still has a ways to go to secure approval to buy the Premier League team, however

It seems that Boston Celtics co-owner Steve Pagliuca‘s group bidding to buy Premier League football (as in soccer) club Chelsea is advancing as one of the final three groups still standing in the bidding process, but “are reportedly being quizzed about long-term plans” for the franchise, according to City AM’s Ilaria Grasso Macola.

The three remaining consortia — which include Sir Martin Broughton, Los Angeles Dodgers’ Todd Boehly, and Pagliuca’s group — were “asked to confirm future expenditure, (and) to guarantee long-term financial commitment of investors” per Macola. “Raine and the club’s board seem to be focused on ensuring they pick the bidder that will be the best steward of Chelsea over the long term,” an investor is quoted in the article as saying.

“From our perspective, we welcome that,” added the anonymized investor. “Consortia were also told they would need to provide at least £1bn investment to support the club’s infrastructure development as well as its academy and women’s team,” notes the CTY AM writer.

It is unclear how much longer it will take to satisfy all aspects of the process beyond the board’s due diligence (and getting their approval), but Pagliuca’s group remains a strong candidate for now.

This post originally appeared on Celtics Wire. Follow us on Facebook!

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Celtics’ co-governor Steve Pagliuca may be trying to recruit former Disney exec Bob Iger to back Chelsea FC bid

It’s unclear if Iger is interested, according to the report.

Could Boston Celtics co-governor Steve Pagliuca be on the verge of teaming up with former Disney CEO Bob Iger in his quest to purchase the Stamford Bridge Chelsea Football Club? According to a recent report from the United Kindom’s Sky News Mark Kleinman, it very well could be the case.

According to Kleinman, Pagliuca “has approached a number of wealthy businessmen including the former Walt Disney chief Bob Iger about backing his bid to buy Chelsea Football Club.” Already the owner of Italian soccer team Atalanta in addition to his co-ownership of the Celtics with Boston Basketball Partners, LTD., “Pagliuca is in talks with a string of potential co-investors ahead of a deadline for final bids for the Premier League club next Monday” the 11th, according to the Sky News reporter.

“Sources said that Mr. Iger, who stepped down as Disney’s executive chairman in December, was among those who had been sounded out by Mr. Pagliuca since he became one of the four bidders shortlisted to buy Chelsea,” he added, noting it was unknown whether Iger returned the interest.

This post originally appeared on Celtics Wire. Follow us on Facebook!

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Celtics co-governor Stephen Pagliuca among shortlisted candidates to purchase Chelsea F.C.

The Boston co-governor also owns a 55 per cent stake of Serie A side Atalanta in Italy.

Boston Celtics co-governor Stephen Pagliuca is reportedly among the shortlist of candidates being considered to purchase the English Premier League’s Chelsea Football Club per The Athletic’s Matt Slater, up for sale after sanctions against Russia forced the sale of the club from previous owner Roman Abramovich.

Noting that “it is understood that the Raine Group has shortlisted the final four bids,” Slater relates that “Pagliuca, 67, is thought to be in with a real chance of buying the west London club. He owns the Celtics and co-chairs private equity group Bain Capital. He also owns a 55 per cent stake of Serie A side Atalanta.”

Fans of the Celtics may cast a leery eye if team ownership is not willing to spend liberally on the NBA team after this news as it appears to be entering an era of contention, but to date co-governor Wyc Grousbeck and the rest of the Boston Basketball Partners ownership group have signaled willingness to invest in the Celtics.

This post originally appeared on Celtics Wire. Follow us on Facebook!

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