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.
READ MORE: Chelsea face familiar FSG and Liverpool dilemma as Saudi Media and Todd Boehly make moves
With regards to Saudi Media's rumoured interest in buying Chelsea, CBS Sports claim that there is support in finding funding and partners (but not financial backing) from Mohammed bin Khalid Al Saud.
Khalid Al Saud is both the president and director of Al Faisaliah Group and has been the chairman of the board of directors of the Saudi Telecom Company since 2018.
He is a family member of the House of Saud (a translation of Al Saud), which compromises of 15,000 members - although the majority of the wealth is held by just 2000 people.
The estimated net worth of the House of Saud is $1.4trillion (£1.075trillion), with the family notoriously known to keep their fortune private.
It will be interesting to see if there are any further developments surrounding Saudi Media's potential takeover of Chelsea, but what's certain is that there should be far more clarity on the west Londoners' situation within the next week.
