They face three rivals bidders for Chelsea, which was put up for sale by sanctioned Russian oligarch owner Roman Abramovich after the war on Ukraine was launched by President Vladimir Putin. 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. 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.
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