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The race to buy Chelsea from Roman Abramovich has been whittled down to four bids – and one name on the shortlist is less well known than the others.

Since Abramovich announced his intention to sell the club he has owned since 2003 back on March 2, there have been numerous names linked to Chelsea.

American Todd Boehly and Swiss businessman Hansjorg Wyss, Sir Martin Broughton and Lord Coe, whose bid is funded by Crystal Palace co-owners David Blitzer and Josh Harris, and the Chicago Cub-owning Ricketts family are all understood to be on the shortlist.

Raine Group, the American merchant bank overseeing the bidding process for the club, has dismissed offers from property developer Nick Candy, US pharmaceutical billionaire Woody Johnson, investment firm Centricus and the Saudi Media Group, among others. Until very recently, the name Stephen Pagliuca had not been mentioned in reports on the bidding process.

Now he is among the final four, with The Athletic reporting he is ‘thought to be in with a real chance’ of prevailing. So who is Pagliuca and what are his motivations for trying to buy Chelsea?

Pagliuca is a private equity executive who co-chairs Bain Capital, a firm which has £117billion ($155bn) capital under management. The 67-year-old, who is on the