Tag: steve pagliuca

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, Raptors owners teaming up for Chelsea FC bid

Chelsea FC bidders were given an extra three days to submit their offers, and Stephen Pagliuca is using the time to his advantage — the Boston Celtics co-owner has recruited NBA chairman Larry Tanenbaum as a backer. The Canadian is chairman of Maple Leaf Sports and Entertainment, the company that owns Toronto FC, the Maple Leafs, the Raptors, and the Argonauts.

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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Celtics co-owner Steve Pagliuca buys 55% stake in Italian football club Atalanta

Fans may have less sympathy for ownership dodging the luxury tax in future seasons after Pagliuca’s purchase.

Fans of the Boston Celtics will not likely have any pity for the owners of the team paying the tax in future seasons given the ownership group seems to be doing pretty well. Well enough in fact that team co-owner Steve Pagliuca has reportedly purchased a 55% stake in European football club Atalanta, per a release by the team.

We of course mean soccer when we say football, but Atalanta, a series A football club, was purchased in partnership with the Percassi family by Pagliuca, who owns the Celtics along with co-owner Wyc Grousbeck and the rest of Boston Basketball Partners, LLC.

“We are thrilled to partner with the Percassi family and to support the future development of the Club,” shared Pagliuca in the release.

“Atalanta and Boston Celtics share the common sports values: teamwork and an extraordinary relationship with the fans and the community.”

Citing a desire to “strengthen the brand globally,” it sounds like the partnership is aimed not only at the local supporters of the club but part of a concerted effort to raise the profile of the sport more generally.

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

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On this day: Grousbeck, Pagliuca buy Celtics; Bing, Milicic signed

On this day, Wyc Grousbeck, Steve Pagliuca, and partners bought the Boston Celtics, and the team signed Dave Bing and Darko Milicic.

On this day in Boston Celtics history, an investment group headed by Wycliffe K. Grousbeck, of Highland Capital Partners, and Stephen Pagliuca, managing director of Bain Capital, began the process of buying the Boston Celtics from the Gaston family in 2002.

The sale had been announced by Paul Gaston, whose father Donald purchased the team in 1983 for $18 million. Grousbeck, Pagliuca and partners purchased the team for $360 million 19 years later. Pagliuca and Grousbeck described themselves as lifelong fans of the franchise, and the latter was extremely excited about the purchase of the team.

So much so he said he felt “like the tooth fairy” had visited him, at the time according to the New York Times’ Fox Butterfield.

Celtics co-owner Steve Pagliuca talks on Boston’s offseason moves, ascent of Jayson Tatum, Jaylen Brown

The team’s co-governor seems happy with the direction the team is heading in ahead of the 2021-22 season.

Boston Celtics co-governer Steve Pagliuca joined a number of other Celtics front office denizens on the airwaves of WEEI yesterday in support of the Jimmy Fund telethon against cancer and spoke a bit about the Celtics coming 2021-22 season and the significant changes made to the team in recent weeks.

The ascent of Boston’s twin All-Star forwards in particular, and how they will mesh with the new additions to the roster and coaching staff were brought up, with Pagliuca sounding very excited by what the Celtics have done to focus their future around these two star talents. “They’re definitely both leaders on the team,” he explained.

“They’re really great players.”

Team co-governor Steve Pagliuca invests $2m in Indian gaming startup

Boston Celtics team owner and Bain Capital co-chairman Steve Pagliuca has invested $2 million in Indian gaming start-up WinZO.

Boston Celtics team governor and co-chairman of private equity firm Bain Capital Steve Pagliuca has invested in Indian gaming start-up WinZO, according to Business Insider’s Sanchita Nash.

It is not the Celtics co-owner’s first foray into gaming, as he in an investor in Epic Games, an online game producer and distributor and the creators of the wildly popular game “Fortnight”.

It is however Pagliuca’s first foray into the Indian market, and with WinZO rapidly taking the place of banned Chinese gaming app PubG, it looks poised to take flight.

“We are thrilled to be backed by Steve, an investor of high repute in our growth journey,” related Saumya Singh Rathore, co-founder of WinZO in a statement.

“The kind of confidence exhibited by industry experts from across the globe is a testament to the scalable, sustainable and robust business we have built in a very short span of time,” she added.

“[…] This is just the beginning of an exciting journey towards solving social entertainment for Bharat.”

TechPluto’s Girish Shetti reports the investment to be $2 million USD, and appears to be a personal — rather than Bain Capital — investment.

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“Brad is an accomplished coach and an …

“Brad is an accomplished coach and an outstanding person,” said Boston Celtics Lead Owner and Governor Wyc Grousbeck. “We are proud to have him lead our team forward in our quest for Banner 18.” “We are thrilled that Brad Stevens will continue to be our coach,” said Boston Celtics Co-Owner Steve Pagliuca. “He has become one of the best coaches in the NBA and is a real leader on and off the court. This is a great day for the Boston Celtics.”