Chelsea have reportedly received a £2.7bn offer from Saudi Media as they seek to buy the club.
The London club was last week put up for sale by Russian billionaire Roman Abramovich, in the wake of Russia’s attack on Ukraine.
With the UK government imposing sanctions on Abramovich, the club is desperately looking for new owners to help solve the current budget crisis.
I can confirm Saudi Media Group have made a £2.7bn ($3.5bn) offer to buy Chelsea. Mohamed Alkhereiji is a Chelsea fan and leading a private consortium. No direct government links.
— Ben Jacobs (@JacobsBen) March 14, 2022
According to CBS Sports, Saudi Media, the biggest media group in the Middle East is ready to enter the negotiations.
Saudi Media’s owner Mohamed Alkhereiji is a Chelsea fan and has been pictured before attending matches at Stamford Bridge.
The deadline for bidders to submit rival offers for Chelsea is March 18.