The biggest media group in the Middle East, Saudi Media, are rumoured to have made an offer of approximately $3.5billion (£2.7billion) to buy Chelsea Football Club. Mohamed Alkhereiji, the owner of the company, is a Chelsea fan and is reported to be leading a private consortium to buy the club.
Alkhereiji is also the CEO of its parent company Engineer Holding Group, which was originally founded by his father Abdulelah Alkhereiji. Blues owner Roman Abramovich was sanctioned by the British government last Thursday, with his assets having to be completely frozen.
But despite this, the sale of Chelsea is now back on track as the government gave the west Londoners the green light to find new owners and unsurprisingly, the Blues are desperate for the whole situation to be resolved as soon as possible.
