Chelsea

Chelsea takeover: John Terry-led group endorses Stephen Pagliuca

Tom Gott
Terry's group have picked their side
Terry's group have picked their side / Francois Nel/GettyImages
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The True Blues Consortium, which was co-founded by Chelsea legend John Terry, has pledged its support to Stephen Pagliuca's bid to buy the club.

Terry has spoken with the majority of the bidders in the hope of securing a stake in the club's new ownership for supporters, claiming to have received £150m-worth of backing from fans looking for a say in the operation of their club going forward.

Pagliuca is one of those to have met with the group, who have now voiced their support for the Boston Celtics owner.

"Having engaged and being well received by all the bidders we were recently able to spend some time with Steve and Larry and getting to know their bid we're again confident that they are aligned with Chelsea fans, and of course have experience in this area of owning sports teams," a True Blues Consortium statement read.

"We feel the club are in a fortunate position with the final bidders and look forward to continuing dialogue with them."

As noted by Sky News, Pagliuca has committed to introducing some form of supporter-share ownership.

The True Blues Consortium also revealed that they are working with fintech company PrimaryBid to help arrange the launch of such an ownership scheme.

Having kept his interest quiet until the final shortlist was revealed, Pagliuca recently broke his silence to explain his plan for Chelsea, focusing on 'strategic investment' and 'habitual winning'.

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