Toronto Raptors chairman Larry Tanenbaum joins committee that will make a bid to buy Chelsea FC
Roman Abramovich, current owner of Chelsea, has until Thursday to accept an offer to sell the Premier League side due to the sanctions imposed by the UK government.
Chelsea FC has a deadline and its current owner, Roman Abramovich, has until Thursday to accept a bid to sell the Premier League side. The London-based team will accept offers in the next three days before making a decision about the future of the club.
NBA chairman joins Celtics’ committee
During the weekend it was confirmed that the Boston Celtics’ co-owner Stephen Pagliuca is going to make a pitch to buy Chelsea. To make his bid stronger, Pagliuca has recruited the Toronto Raptors chairman Larry Tanenbaum to make his proposal stronger in hopes that Abramovich accepts it.
Pagliuca wants have the strongest bid possible to buy Chelsea and now Tannebaum joins Passport Capital founder John Burbank and Facebook co-founder Eduardo Saverin. It is also rumored that Bob Iger, who is a former Disney executive, will be approached to join the committee.
Who is Larry Tanenbaum?
The Canadian is chairman of Maple Leaf Sports and Entertainment (MLSE) and that company owns the Toronto Raptors, the Maple Leafs, Toronto FC and the Argonauts. The businessman owns a 25% stake in MLSE through his holding company Kilmer Sports Inc.
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