Soccer-NBA's Tanenbuam and Terry's 'True Blue' group join Pagliuca Chelsea bid

FILE PHOTO: Stamford Bridge, the stadium of Chelsea Football Club is pictured after Britain imposed sanctions on its Russian owner, Roman Abramovich, in London, Britain, March 10, 2022. REUTERS/Hannah Mckay

MANCHESTER, England (Reuters) -American investor Stephen Pagliuca says NBA chairman Larry Tanenbaum and former Chelsea captain John Terry have joined his bid to purchase the Premier League club.

In a statement issued on Wednesday, Pagliuca said that Tanenbaum, who is owner of the Canadian company Maple Leaf Sports and Entertainment (MLSE), had become 'co-managing partner' of the bid.