Raine has shortlisted bids from Todd Boehly, David Blitzer and Josh Harris, the Ricketts family and Boston Celtics owner Stephen Pagliuca as the four candidates to take over Chelsea. The Athletic reported on Thursday night that Nick Candy and Woody Johnson were out of the race to buy Chelsea. And now it is understood that the Raine Group has shortlisted the final four bids. 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.
You don’t buy Chelsea if you’re “only” worth $400 million or so.
Yes you can.
Explain "yes you can."
That club costs like 4 billion or something mad
I don't know what the deal might be. There's no link and it's not necessary to answer you anyway.
Our owner has a proven record of managing a successful sports franchise, is very rich, and is well-known in finance, business, philanthropy, and sports. On top of that, sports franchises are valuable and highly marketable. I don't think he'd have had any problem getting financed.
Whoever provides the money gets a collateral interest or an ownership interest in the club. Though past performance is no guarantee of future returns, a major sports franchise is an asset that rarely loses market value and has historically averaged high returns. On top of the financial value of the sports franchise, there is immense prestige value to owning one and financing one. That's the short answer.