The Saudi Media Group are thought to be out of the running in the race for Chelsea ownership after being told by bankers Raine Group they have not been included on the list of preferred bidders.
American merchant bank Raine are currently overseeing the sale of the Blues alongside the UK Government and are reportedly after a sale as quick as possible, something the Saudi Media Group were not able to provide.
However, while the Saudis are disappointed that their efforts have not resulted in any success, they are rumoured to be willing to help whichever consortium is eventually selected.
