Chelsea are now getting closer to discovering their new owner, with Stephen Pagliuca putting himself in a strong position.
Roman Abramovich is still seeking a buyer having put the club up for sale in the wake of Russia’s invasion of Ukraine.
Abramovich saw his assets seized by the UK Government due to links with Russia president Vladimir Putin, and he put the club up for sale soon after.
Boston Celtics co-owner Pagliuca is said to be one of just four remaining bidders, and he is said to have received fresh backing from Eduardo Saverin, according to The Mirror.
But who is Saverin? We take a look below.
Who is Eduardo Saverin?
Saverin is a Brazilian-born entrepreneur.
He is 40 years of age, and having grown up in Brazil, he also got US citizenship in 1998, five years after his family moved to Miami, but renounced it in 2011 following his move to Singapore.
He attended Harvard University, where he played a key role in inventing Facebook.
Career and Facebook involvement
Saverin’s breakthrough came with Facebook, co-inventing the social media platform with Mark Zuckerberg.
Though, Zuckerberg later cut Saverin from the company, leading to law suits.
Saverin received an undisclosed settlement and signed a non-disclosure agreement over the amount of the settlement, though it is rumoured he received $5billion.
The Brazilian no longer has any connection to Facebook, and the fallout was part of the movie ‘The Social Network’.
In 2010, he went on to invest Aporta, an online portal for charity, and later set up a venture capital firm in 2015.
B Capital, as the venture capital firm is named, invests in Asian projects and closed deals of around $140million in its early days.
They have since managed to get support from the Lehman Brothers.
Eduardo Saverin net worth
According to Forbes, Saverin is worth a jaw-dropping $12.3billion (£9.42billion), a figure that has risen by $205million (£157million) in the last year alone.
In comparison, Abramovich is said to be worth around $14billion (£10.7billion), as estimated by Forbes.