Boston Celtics co-owner Steve Pagliuca said he reinforced his “substantial and credible” bid for Chelsea on Tuesday, promising significant investment to make the club “habitual winners.”

The New York-based merchant bank Raine Group have set a final deadline of Thursday for bids to be submitted with Pagliuca’s proposal one of four to have reached this stage along with a consortium headed by Los Angeles Lakers part-owner Todd Boehly, another led by British businessman Sir Martin Broughton and a third involving the Ricketts family investment group, who also own the Chicago Cubs.

Pagliuca was a surprise name on the shortlist given his bid has largely been shrouded in secrecy, but he released a statement outlining his proposals which include redeveloping Stamford Bridge and denouncing any resurrection of a European Super League.

He said:

"Our first focus and goal is to make strategic investments to continue competing for championships and trophies.

"We will support our players and managers to make sure that Chelsea are habitual winners and title contenders, whether in the Premier League, Champions League or the Women’s Super League [the only Super League we intend competing in, for the record].


Read more: https://www.goalgist.com/celtics-owner-ill-make-chelsea-habitual-winners/