Chelsea legend John Terry led consortium, ‘True Blues’ chooses their favourite bidder for the new ownership deal
According to SkyNews, the John Terry led consortium has given public backing to the Pagliuca consortium ahead of the next phase of the Chelsea sale process.
As the April 18 deadline is advancing for the next phase of the Chelsea process, the remaining four bidders are making their moves publicly to gain popularity and momentum in the race. All four of them have outlined how they want to take the club forward after becoming the new owners.
Todd Boehly attended Chelsea’s Champions League tie against Real Madrid and publicly claimed to transform the club into more of a Liverpool-like structure.
The Ricketts, who made headlines recently due to facing criticism from the fans, are only concentrating on winning the supporters’ trust. Sir Martin Broughton’s group has already laid out plans to redevelop the club’s stadium and commercialise it.
Pagliuca’s group, backed by Bain Capital and NBA Chairman Larry Tanenbaum, has shown interest in giving up their majority share of Atalanta FC to acquire Chelsea’s ownership. They have also made their interest clear to the public by sharing their intentions and future plans.
“However, it is imperative to clarify and assure supporters about our bid group and its commitments, to emphasise how seriously we take our potential responsibility to Chelsea.”
After meeting with all the bidders, John Terry’s fan consortium, ‘True Blues’, has publicly shared their support towards the Pagliuca group.
They believe that the Pagliuca group’s interests are aligned with what is the best for Chelsea supporters. Furthermore, having a solid understanding of the business aspect of the club, they are best suited to play the role of owners.
“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.”
The UK Government would take the final decision in the transfer of ownership, and they would rely heavily on fans’ choices. Hence, even though the winner of the bidding round would be chosen backstage, Chelsea fans would play a significant role in the process.
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The John Terry led consortium has revealed interest in buying 10% of the club’s share, which is also a significant move considering the future involvement of the fans at the decision-making table.
This backing from True Blues would undoubtedly help the Pagliuca consortium to have an added advantage in the final race. We will soon know which groups will be through to the next phase of the process.