Boston Celtics owner Stephen Pagliuca has been informed his bid for Chelsea has been rejected.
The London Evening Standard says with prospective bidders making their final pitches this week, the American flew in for talks with the club on Thursday, but he's now been told that he won't be presented to the Treasury as a preferred bidder.
The news comes in the wake of Sir Jim Ratcliffe's late bid to buy the club. The £4 billion move comes just as it seemed a decision would be reached soon on which of the three other contenders would be handed the reins at Stamford Bridge.
Consortiums led by Pagliuca; Todd Boehly; and Sir Martin Broughton looked set to be the only options on the table for Chelsea and Raine, the bank advising the club on the takeover, but that no longer seems to be the case.
Need a VPN? Or seeking to switch? Then support Tribal Football by clicking here to sign up with our official partners NordVPN. Not only will you receive the best VPN experience, but also great discounts by signing up via Tribal Football. Thanks for your support!
