The bid for Chelsea launched by Boston Celtics co-owner Steve Pagliuca has added Canadian sports tycoon Larry Tanenbaum ahead of Thursday’s expected deadline for improved offers for the Premier League club.
Tanenbaum, who was announced Wednesday as joining as co-managing partner of the bid, is chairman of Maple Leaf Sports & Entertainment and has ownership stakes in Toronto with the NBA’s Raptors, the NHL’s Maple Leafs and Toronto FC, the city’s MLS team .
Boehly now faces a rival from within the Dodgers ownership group to buy Chelsea with Peter Guber announced as being being behind Pagliuca’s bid. Guber is also a part owner at the Golden State Warriors and Los Angeles Football Club of MLS. “The decision to partner with Steve was an easy one as we share similar values and passion for sports,“ Tanenbaum said in a statement. “Once we started speaking, it was clear that we share the same long-term vision and goals for Chelsea.”