Who is Stephen Pagliuca and what is his net worth?
STEPHEN PAGLIUCA is stepping up his bid to buy Chelsea.
The Boston Celtics owner has announced that he believes his bid is "substantial and credible" and will meet all Premier League requirements.
He also promised to "cherish" the Blues and ensure they continue competing for trophies.
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Who is Stephen Pagliuca?
Stephen Pagliuca was born in Bernards Township, New Jersey in 1955.
He attended Duke's University, where he played freshman basketball until his graduation in 1977.
Pagliuca would go on to earn an MBA from Harvard Business School.
He started his business career as an international tax specialist at Peat Marwick Mitchell & Company in the Netherlands, which later became KPMG.
In 1982, he joined Bain & Company, where he managed client relationships in the information services and healthcare industries.
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He then went on to found the Information Partners Venture Capital Fund before joining Bain Capital in 1989, where he invested in numerous media, technology, financial services and healthcare companies.
He has also sat on the Board of Directors of Burger King.
Pagliuca's investment group, Boston Basketball Partners, has owned the Boston Celtics since 2002.
Pagliuca also owns a 55 per cent stake in Italian club Atalanta, which he has indicated he is willing to sell if he completes his purchase of Chelsea.
In 2009, he ran as a for the Massachusetts US Senate seat following the death of Ted Kennedy, but came in last place in the Democratic Party primary.
Pagliuca has four children with wife Judy.
What is Stephen Pagliuca's net worth?
According to , Stephen Pagliuca has a net worth of around £3bn - exactly the price Roman Abramovich reportedly wants for Chelsea.
However, his company Bain Capital claim to have £119bn worth of assets under management.
It has also been reported that Pagliuca will add NBA boss Larry Tanenbaum and Facebook co-founder Eduardo Saverin into his consortium to buy the Blues.
What has Stephen Pagliuca said about Chelsea?
Stephen Pagliuca told : "Throughout my life and career, my ethos has always been to operate quietly, with integrity, and let my actions and results speak loudly.
"However, it is imperative to clarify and assure supporters about our bid group and its commitments, to emphasize how seriously we take our potential responsibility to Chelsea.
He added that his bid for Chelsea would be "substantial and credible - one that we expect will meet the respective requirements and regulations of the Premier League, UK Government and UEFA - and we pledge to honor our commitment to credibility and good guardianship of Chelsea Football Club from day one".
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Pagliuca added: "Having witnessed a great 6-0 win against Southampton last week, I hope to see a comeback for the ages against Real Madrid in the quarter-final second leg.
"Our first focus and goal is to make strategic investments to continue competing for championships and trophies.
"We will support our players and managers to make sure that Chelsea are habitual winners and title contenders, whether in the Premier League, Champions League or the Women's Super League [the only Super League we intend competing in, for the record].
"In addition, we will continue to invest in the youth academy to develop the stars of the future and we would not be in this process if we did not have an exciting and inclusive vision for Chelsea.
"In over 20 years of ownership of the Boston Celtics, we have not once considered changing the name, colours, or logo of the club.
"This is our guarantee to Chelsea fans.
"Chelsea is a world-class team, in a world-class city, with world-class fans: it deserves a world-class stadium," he said.
"Our third focus will be having a significant positive impact in the community.
"We believe passionately that clubs have a social responsibility and we will continue to support The Chelsea Foundation and its impressive work in education, health and wellbeing, and diversity and inclusion both locally and globally.
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"Chelsea should be the Pride of London for its on and off-field accomplishments.
"It has fans all over the world and we will not tolerate bullying, antisemitism, racism, or any other form of hateful speech - and neither should our fans."
