As Blues takeover discussions speed up, the Saudi Media group is one of three fresh names that have emerged strongly, know its net worth
In the wake of Roman Abramovich’s Chelsea buyout, Saudi media has already been sighted visiting Stamford Bridge.
Saudi Media Chief Mohamed-Al Khereiji has already decided to make his Chelsea ambitions known.
Mohamed-Alkhereiji And The Saudi Media Group Consortium Net-worth
The Chief of Saudi Media Mohamed-Al Khereiji’s net worth is estimated to be $ 2,7 billion. He is considered to be one of the Richest Arabs in the World. However, The total net-worth of Saudi Media is still unknown but it is said to generate an income of 1 billion pounds annually.
Industry Media; public and investor relations
Founded 5 July 1988; 33 years ago
Headquarters Riyadh
Key people Abdulrahman bin Ibrahim Rwaita (chairman)
Revenue SAR 1,066.840 million (2010)
Total assets 5,748,512,000 Saudi riyal (2019)
Owner Al Ahli Capital Fund 13 29.90%
Al Ahli Capital Fund 4 29.90%
Saudi Media Consortium Will Not Be Banned From Buying Chelsea
The Saudi Media Group has been encouraged to go forward with its Chelsea bid since the Premier League has “little reason” to block the sale.
The Premier League has little reason to resist a sale to the Saudi Media Group, therefore they have been encouraged to go forward with their bid for Chelsea.
The group has been encouraged to move through with its proposal ahead of the deadline, according to Nizaar Kinsella.
He goes on to say that their proposal is being finalised and that it would be given to Raine Group. There is an open and active conversation among everyone engaged, and no difficulties have arisen during the process.
Saudi Media Group Future Plans With Chelsea
Saudi Media Group is said to be capable of attracting the most valuable sponsors to Chelsea while also broadening the club’s supporter base. They’d also establish academies across the Middle East and utilise the women’s squad to influence people’s minds about the sport.
They want to spend extensively in Chelsea’s academy as well as the women’s squad in the future.
This follows Todd Boehly’s addition of Clearlake Cash to his consortium, which is now ‘overfunded’ with more capital than is necessary to purchase Chelsea. They are also looking at noy only shifting from Stamford Bridge or renovating it but also replacing 3 with a sponsor from Saudi Arabia.
Saudi Media Has Put The Highest Bid For Chelsea
According to sources, Saudi Media Group was the biggest bidder for Chelsea Football Club before the deadline on Friday with a bid of 2.7 billion bounds.
According to Ben Jacobs, the Saudi Media Group is expected to be the biggest bidder for Chelsea’s sale to Roman Abramovich. With a $3.5 billion offer, Saudi Media Group is expected to be the highest Chelsea bidder, but there won’t be much difference between the few of genuine bidders.”
There are multiple interested bidders, with over 20 legitimate parties expressing an interest in purchasing the club since Abramovich revealed his intention to sell it earlier this month.
As the deadline is closed, it will be interesting to watch whether there are any more twists and turns in the ownership battle at Stamford Bridge.
Also Read: Darts Premier League All-Time Winners List And Prize Money Pool Distribution
Recommended: The Sports Fan App