Facts on the Saudi billionaire eyeing Chelsea buyout
In just over a day, Chelsea have gone from financial paralysis to potential bailout – thanks to Mohamed Alkhereiji. writes DAVE FRASER.
Roman Abramovich put the Blues up for sale earlier this month but was quick met with sanctions because of his ties to Russian President Vladimir Putin. First, the oligarch was forbidden to sell the club.
But after Abramovich agreed to forego any proceeds from the sale of Chelseathe government allowed him to go ahead with his bid to leave the West London club.
And a bid has already come in, with private consortium Saudi Media Group – led by Alkhereiji – submitting a £2.7billion bid.
Abramovich had hoped for £3bn but was able to accept the offer in the interest of a quick sale.
Rivaling British billionaire Nick Candy and a host of other parties including Hansjorg Wyss and Todd Boehly, Alkhereiji is just the latest to take an interest in running the Stamford Bridge show.
Who is Mohamed Alkhereiji?
Alkhereiji is a Saudi Arabian businessman… and a Chelsea fan.
He runs Saudi Media Group – the party behind the £2.7billion deal – and is CEO of parent company Engineer Holding Group, founded by his father Abdulelah Alkhereiji.
However, Alkhereiji has connections to Great Britain, as he studied at the Cass Business School in London and worked for three years at Deutsche Bank.
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