Vladimir Putin Nick Candy Will Chelsea Britain Ukraine Russia city Newcastle Saudi Arabia president blues Party Vladimir Putin Nick Candy Will Chelsea Britain Ukraine Russia city Newcastle Saudi Arabia

Saudi Media Group lodge £2.7bn offer to buy Chelsea as club seek swift takeover

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Chelsea by lodging a whopping £2.7billion bid.The Blues are up for sale after Roman Abramovich was sanctioned by the UK government over his links to Russian President Vladimir Putin.Several parties have gone public with their interest in buying the club since Abramovich announced his intention to sell the club following Russia's invasion of Ukraine.The reigning European champions are currently operating on a day-to-day basis after government sanctions imposed on Abramovich and the club resulted in the Blues' revenue streams being put on hold.According to CBS, the Saudi Media Group have now launched a bid to buy the Premier League giants, lodging a £2.7billion for the club.The leader of the private consortium, Mohamed Alkhereiji is said to be a Chelsea fan and his bid has no direct links to the Saudi government.Newcastle United were purchased by a consortium fronted by the Saudi Arabian Public Investment Fund back in October last year.However, Mohammed bin Khalid Al Saud, a member of the Saudi royal family, is reportedly in support of finding funding and partners for the bid.Will Chelsea qualify for the Champions League this season?

Let us know in the comments section below.Despite this, he has not yet backed the bid financially, according to CBS, and is also the chair of the Saudi Telecom Company [STC].STC is a state-owned Saudi corporation, with Newcastle's new owners still having a share in the business, although they did sell some in December.As a result, STC would be prevented from being a part of any consortium bidding to buy Chelsea due to the links with Newcastle.British billionaire property developer Nick Candy is one of a number of other potential buyers understood to have an interest in buying the club.Candy.

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