- Abramovich now faces sanctions from the EU
- Tuchel: We are living day by day and hope sale goes through
The Saudi Media Group have made an offer of £2.7 billion ($3.5billion) to buy Chelsea Football Club from Roman Abramovich, according to reports.
Current Chelsea owner Abramovich was recently sanctioned and his assets have been frozen, therefore affecting the club. However, the sale is now back on track as the government gave the green light for the process to continue.
As reported by Ben Jacobs, Saudi Media Group have made a £2.7 billion bid to buy the club. Mohamed Alkhereiji is a Chelsea fan leading a private consortium to take over the Blues from Abramovich and has no direct links to the government, Jacobs states. He continues to report that there is support in finding funding and partners, but no financial backing as of yet.
They also have plans for the redevelopment of Stamford Bridge and are keen on investing in both the academy and women's sides at Chelsea.