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Chelsea news LIVE: Blues KNOCKED OUT of Champions League, Pagliuca BREAKS silence on Chelsea takeover plans – updates

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CHELSEA were knocked out of the Champions League by Real Madrid despite a heroic effort at the Bernabeu, losing 5-4 on aggregate.

Meanwhile, the owner of the Boston Celtics Stephen Pagliuca has broken his silence on current plans to takeover Chelsea football club.

The Bain Capital chairman has hinted that he is willing to sell his stake with Italian outfit Atalanta for the takeover to go through.

It’s been reported that the Government are willing to speed through the process with all final offers to be made by THIS THURSDAY.

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Keep up to date with all of the latest updates from the takeover in our live blog…

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