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Ex-Burger King director who already owns football club is 'contender' to buy Liverpool

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Ex-Burger King director who already owns football club is 'contender' to buy Liverpool

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Former Burger King director Stephen Pagliuca has emerged as a potential new owner of Liverpool - seven months after failing in a bid to buy Chelsea less than a year after becoming Atalanta co-owner

Seven months after failing in a bid to buy Chelsea, former Burger King director Stephen Pagliuca has emerged as a potential new owner at Liverpool.

Pagliuca, 67, is thought to have a net worth in the region of £3billion as well as already being involved in football with a 55 per cent stake in Serie A outfit Atalanta.

The update comes after Fenway Sports Group confirmed in a statement that they were open to further investment - following reports they were keen to sell up entirely.

According to Matt Slater of The Athletic, Pagliuca could be a contender to buy Liverpool due to his familiarity with some at FSG.

The New Yorker, a private equity investor, is the co-chairman of Bain Capital with his pride and joy being his co-ownership of NBA giants Boston Celtics.

For nearly seven years going into 2009, Pagliuca sat on the board of directors at Burger King - helping to guide the firm back to profitability.

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While being a managing general partner and member of the Celtics executive committee, he acquired a 55% stake of Atalanta back in February alongside other investors - taking up the title of co-chairman.

Earlier this year, when Chelsea was put up for sale by Roman Abramovich, Pagliuca announced a bid for the club that he described as substantial and credible.

Unfortunately for Pagliuca, the club informed him that the bid was unsuccessful back in April with Todd Boehly later assuming owner, chairman and interim sporting director duties. According to Wallmine, Pagliuca's net worth stands at at least £3.37billion, with Liverpool's valuation an estimated £3.5bn.

FSG's statement read: "There have been a number of recent changes of ownership and rumours of changes in ownership at EPL clubs and inevitably we are asked regularly about Fenway Sports Group’s ownership in Liverpool.

"FSG has frequently received expressions of interest from third parties seeking to become shareholders in Liverpool.

"FSG has said before that under the right terms and conditions we would consider new shareholders if it was in the best interests of Liverpool as a club. FSG remains fully committed to the success of Liverpool, both on and off the pitch."

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