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Chelsea's new owner: Steve Pagliuca makes statement

Steve Pagliuca has welcomed club legend John Terry's support with open arms as he looks to gain more power in this takeover race

Atalanta majority owner Stephen Pagliuca has received support from John Terry's True Blues consortium in making an announcement about the composition of his consortium which is competing to acquire Chelsea. Larry Tannenbaum was revealed as the group's co-leading partner.

With the April 18 deadline fast approaching for the next phase of the takeover process, all four bidders and their respective groups are outlining their individual plans for fans in regards to the direction of the club.

Pagliuca's group recently released a statement calling Roman Abramovich's situation a "disturbing moment for the football club and supporters".

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