Saudi Consortium Enter Race To Buy £3bn Valued Chelsea From Roman Abramovich - Sports

Saudi Consortium Enter Race To Buy £3bn Valued Chelsea From Roman Abramovich - Sports - Nairaland

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Saudi Consortium Enter Race To Buy £3bn Valued Chelsea From Roman Abramovich by ManirBK(op): 5:10pm On Mar 08, 2022*

A Saudi private consortium led by Saudi Media registered their interest yesterday to buy Chelsea from Roman Abramovich through Raine Group, a New York merchant bank that has been hired to find a buyer. Sources with knowledge of the situation described at least 10 serious buyers, with many others holding an interest.
The sheer number of interested parties, which includes Todd Boehly and Hansjorg Wyss's US-Swiss consortium and Turkish businessman Muhsin Bayrak, gives Abramovich some hope in claiming his highly ambitious £3 billion ($4bn) valuation.

Who are Saudi Media and their backers?

Although it is not known who the individual backers are at this stage, Saudi Media are a fund that is heavily involved in funding media, advertising and sports brands across the world.
However, their main content offering is for the pan-Arab broadcasting market. The company has offices in both Dubai, UAE and Saudi Arabia it self.
One barrier to their success in claiming Chelsea might be the caution around accepting any bids from a 'politically sensitive' party.

https://www.goal.com/en-gb/news/saudi-consortium-enter-race-to-buy-gbp3bn-valued-chelsea/blt514be0357c6769eb

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