Report: How those close to Chelsea sale react to claim about Saudi Media group's £2.7bn bid

There is doubt over the claim that the Saudi Media group have already made a £2.7billion bid to buy Chelsea, according to The Telegraph.

CBS Sports’ Ben Jacobs, who was the first to report on the bid, also said that it is unlikely that there will be a quick sale if the Saudi Media group becomes the preferred bidder.

Ideally, Chelsea would be able to take their time to assess the potential buyers and their respective plans for the club. After all, the outcome of the sale will ultimately influence the club’s long-term future.

Unfortunately, the club is not exactly in a position to do so.

Chelsea’s monthly wage bill stands at £28million (BBC) and the longer they operate under the special licence given by the UK government, the more unattainable it is to continue.

This, according to The Telegraph, is the primary reason why the Saudi Media Group, led by Mohamed Alkhereiji is seen as an unlikely buyer.

The report added that those close to the Chelsea sale rate quickly selling the club to any Saudi-based consortium as “extremely unlikely” given the need for approvals from Raine Group, who is in charge of the sale, the UK government, the Premier League.

It is easy to see why many Chelsea fans would prefer the club to be under the Saudi Media Group’s ownership, though.

Not to mention that Alkhereiji is reportedly a Chelsea fan.

Goal recently claimed that the Saudi-based private consortium is willing to invest heavily in both Chelsea men’s and women’s teams as well as the academy.

While several other candidates, including a consortium led by Todd Boehly who according to The Telegraph has made a bid between £2bn and £2.5bn, may have to balance between investing in Chelsea and their other sports teams.

Photo by PATRICK T. FALLON/AFP via Getty Images

The one big advantage that the consortium led by Boehly may have over the Saudi Media Group is that they do not have to prove any possible state-related involvement which may help accelerate the takeover process.

This, in Chelsea’s current situation, is arguably more important than, let’s say, how much money these potential buyers would be willing to spend in the summer transfer window.

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Gerry is a Chelsea supporter who has more than five years of experience in online publishing. He started out writing for Chelsea fan blogs during his high school years, before writing for several local sport news outlets. After graduating in NCTJ-accredited sports journalism MA at the University of Sunderland, he has worked as a freelance writer for The Chelsea Chronicle since 2020. He is a big fan of football statistics and strongly believes that sooner or later, the xG Gods always catch up. He is also a proud member of Michael Ballack fan club.