NBA board member Tanenbaum probably joins group for Chelsea purchase

Larry Tanenbaum, a Canadian businessman and NBA chairman, has spoken out loud Sky Sports News connected to a group that is probably preparing for a timely purchase of Chelsea FC.

The group is led by the American Steve Pagliuca, part owner of the Boston Celtics. According to reports, he had already attended the Blues’ game on Saturday against FC Southampton (6-0).

John Burbank, founder of the hedge fund Passport Capital, and Eduardo Saverin, co-founder of Facebook, are said to be investors behind the offer.

Still owner Roman Abramovich put the club up for sale in early March after handing over management of the club to the trustees in the wake of Russia’s war of aggression against Ukraine in February.

Abramovich’s links to Vladimir Putin have led to unprecedented sanctions against the club. These do not allow him to continue making money with the club. In addition, Chelsea are not allowed to sign contract extensions with players, and the sale of merchandising is also prohibited. After all, the strict rules for selling tickets have been relaxed a bit. Therefore, a takeover should take place as soon as possible.

In addition to the Pagliuca group, there are numerous other interested parties, including Todd Boehly, the Ricketts family and Sir Martin Broughton.