A member of the Saudi Media Group has shared their disappointment after failing with their takeover bid to buy Chelsea.
SMG director Khalid Al Khudair, who’s a member involved in the Saudi’s takeover attempt, confirmed on Twitter their bid has failed.
In addition, Guardian journalist Jacob Steinberg reported the Saudi Media Group has been informed by the Raine Group, who are the US bank overseeing Chelsea’s sale, that they’re not on the final shortlist.
The Saudis reportedly made a £2.7billion offer to buy the London club but have missed out to rival bidders.
It looks like the Blues fanbase are slowly starting to get an idea of who the frontrunners are in the race to win the club’s ownership.
For example, it was reported yesterday that Todd Boehly’s consortium is expected to be on the final shortlist that are fighting it out to succeed Roman Abramovich as Chelsea’s owner.
Of course, the government is going to need to approve the selection put forward by the Raine Group.
Chelsea takeover story unravelling
Finally, the fanbase is getting some kind of indication of what the club’s future will look like.
It’s been an agonising few days since last Friday’s deadline for all takeover bids to be made, but rumours are now circulating about the potential new ownership.
The quicker a sale goes through the better for everyone involved.
Keep up to date with all the latest Chelsea news and opinion by following The Chelsea Chronicle’s Facebook and Twitter accounts.
Receive a digest of our best Chelsea content each week direct to your mailbox
