A joint owner of the Boston Celtics basketball team and Atalanta, the Italian football club, has emerged as one of the parties who have tabled offers to buy Chelsea FC
Of that sum, £1bn is said to have been offered to acquire Chelsea's share capital, with £2.1bn ring-fenced for investment in the club's Stamford Bridge stadium, players and academy.
Mr Pagliuca's emergence as a bidder fits the cast list of those who have made pitches to buy the south-west London club from Mr Abramovich. Sky News revealed on Thursday that the feared American hedge fund which owns AC Milan had agreed to help fund the property developer Nick Candy's bid for Chelsea.Chelsea fans 'should be involved in ownership'
Either three or four candidates are expected to be told by Raine that they will have a chance to strike a deal to buy Chelsea by the end of April.
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