Saudi Media Group ‘submit’ £2.7bn bid to buy Chelsea from Roman Abramovich
March 14, 2022
Saudi Media – the biggest media group in the Middle East – have made an offer of £2.7billion to buy Premier League club Chelsea.
The West London club are desperate to secure a new owner amid a budget crisis, with their funds dictated by the British government in the wake of the sanctions imposed on Blues owner Roman Abramovich.
The billionaire has had his assets frozen in the UK in the wake of Russia’s ongoing invasion of Ukraine, although he continues to deny any links to president Vladimir Putin.
On Saturday, the Premier League confirmed they had suspended Abramovich as director of the club.
The Blues are now operating under a special license – severely limiting their revenue streams – and shirt sponsors Three have suspended their partnership, worth £40million per annum.
Barclays have also suspended the club’s bank account and there’s a possibility the Blues could face financial armageddon between now and the summer due to the precarious situation.
That is the context in which the club are keen to complete a sale of the club’s ownership as soon as possible.
CBS Sports now report that the Saudi Media Group have lodged an offer of £2.7billion to buy the Champions League holders.
Saudi Media’s owner Mohamed Alkhereiji is a Chelsea fan and is leading the private consortium to buy the club.
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