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Saudi billionaires set to take over Chelsea Football Club

ByDailyTrendgh

Mar 13, 2022

A new report regarding the sale of Chelsea Football Club has it that a Saudi private consortium, led by Saudi Media has contacted Roman Abramovich over their interest in purchasing Chelsea Football Club.

Roman Abramovic listed the Club for sale on March 2 and has had his assets frozen in the UK in the wake of Russia’s ongoing invasion of Ukraine, and there has been much interest ever since.

The Saudi Media have become the latest to bid for Chelsea Football Club following sanctions placed on Abramovich which will force him to sell the club and walk away with zero profit.

The man spearheading the bid is Mohamed Alkhereiji, who runs Saudi Media and is the CEO of the parent company Engineer Holding Group.

According to reports, Mohamed Alkhereiji was at Chelsea’s 3-1 win over Arsenal in 2017, the game in which Eden Hazard famously dribbled half the length of the pitch before scoring. Alkhereiji and his children are Chelsea fans, which is why he is so keen to acquire the club.

Saudi Media’s bid to buy Chelsea includes plans to:

*Redevelop Stamford Bridge and renew the contracts of key players such as Antonio Rudiger and Cesar Azpilicueta.

*Ensure that the men’s senior squad continues to compete for the biggest trophies there is.

*Saudi Media also intends to continue investing heavily in the club’s academy at Cobham Training Centre, as well as the women’s team.

*They also believe and are confident they can attract bigger sponsors for the club after the suspension of deals by former Chelsea sponsors.

Saudi Media is the biggest media group in the Middle East, and also has interests in advertising, hospitality, the banking sector, and sports.

The company turns over $1 billion (£770 million) a year, giving it scope to be a powerful player in English football.

It is worth noting, though, that Saudi Media’s takeover bid will be co-funded by a consortium of various other private backers from Saudi Arabia.

Chelsea has discouraged “politically sensitive” parties from bidding for the club but Saudi Media does not believe it falls into that category.

As it stands, the Premier League would have little reason to block any sale of Chelsea to Saudi Media, having accepted far more controversial takeovers in the past.

Source:skysport

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