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Boston Celtics co-owner Steve Pagliuca breaks his silence over interest in buying Chelsea, declaring he will 'cherish and preserve' Premier League giants and suggests he will 'reduce his stake in Italian club Atalanta' if bid is successful

Boston Celtics co-owner Steve Pagliuca has broken his silence over his interest in buying Chelsea Football Club.

The 67-year-old – a private equity billionaire who chairs Bain Capital – and his consortium are one of the four bidders looking to purchase the Premier League side.

Having remained silent on his intent to buy Chelsea, Pagliuca made a number of commitments to the club on Tuesday, which include making a pledge to redevelop Stamford Bridge while promising never to join a revived European Super League.

Pagliuca and a number of other co-investors have only just bought a controlling stake in Italian club Atalanta, which could cause issues if his bid for purchasing Chelsea was successful.