Saudi Media Group provides £ 2.7 billion in bid to purchase Chelsea

Saudi Media Group is claimed to have made a £ 2.7 billion bid to purchase Chelsea.

Current Blues proprietor Roman Abramovich is presently looking for to promote the membership after the British authorities added him to its sanctions record on Thursday, following Russia’s invasion of Ukraine.

Competing American-backed consortia had been thought-about pioneers in securing a deal, with about 20 totally different teams expressing their curiosity. One of those events, Saudi Media Group, has now stepped up its efforts to purchase Chelsea by making its first bid.

According to Ben Jacobs, the bid is within the order of two.7 billion kilos. The proprietor of SMG, Mohamed Alkhereiji, is claimed to be an avid Chelsea fan and his “private consortium” is alleged to haven’t any direct authorities hyperlinks.

But Mohammed bin Khalid Al Saud, who heads your state-owned Saudi Telecom Company, is concerned in serving to fund the bid. In addition, Mohammed bin Salman Al Saud – the Crown Prince of Saudi Arabia – additionally seems in Alkhereiji’s profile image on social media.

Those answerable for Chelsea’s gross sales are recognized to favor new house owners who’re remoted from modifications within the geopolitical panorama so as to keep away from a recurrence of the Abrahamovich state of affairs. This might in all probability not be ensured if Al Saud was closely concerned.

His connections to the Saudi Telecom Company would additionally be problematic. Chelsea are presently sponsored by rival multinational telecommunications firm Three, which might doubtless terminate its affiliation completely if Saudi Media Group had been to come back on board.

Earlier this week, it was reported that SMG’s proposal contains guarantees to resume contracts with Antonio Rudiger and Cesar Azpilicueta, as effectively as to speculate closely in Stamford Bridge.

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