Saudi Media Group Becomes Latest Suitors To Show Chelsea Interest

Despite the uncertainty surrounding European champions Chelsea over the sanctions against Russian billionaire and owner Roman Abramovich, Saudi Media Group have tabled a £2.7billion bid to buy the club.

Saudi Media Group is the largest media organisation in the Middle East and is led by Chelsea fan Mohamed Alkhereiji.

Alkhereiji has previously attended matches at Stamford Bridge and attended the University of London’s Cass Business School, now renamed the Bayes Business School.

The UK government last week placed sanctions Abramovich, as part of its response to Russia’s invasion of Ukraine.

The government believes the billionaire has a close relationship with Russian president Vladimir Putin.

Mainwhile, the American investment firm tasked with selling Chelsea expects a sale could happen by the end of the month after positive conversations with the UK government.

The deadline for bids has been extended to Friday 18 March, with more than 20 credible parties interested.