Who is Saudi tycoon who could become new owner of Chelsea?

Ground Report | New Delhi: New owner of Chelsea owner With Roman Abramovich increasingly tangled up with the British government, Chelsea are up for sale and looking for a new billionaire to call their own. The most likely name is Saudi businessman Mohamed Alkhereiji. With Abramovich’s assets blocked, Chelsea had to freeze ticket sales and official merchandise, transfer negotiations. The sale of the club will be monitored by the government and one of the conditions is that the Russian oligarch does not receive a penny from the transaction.

The 50-year-old Saudi tycoon studied in the UK and is said to be a Blues fan and was at the stadium during the London side’s 1-1 draw with Manchester United in November last year. The game, incidentally, was the last Abramovich was seen at Stanford Bridge.

Alkhereiji is a director of the MBC Media Group and CEO of the engineering firm Engineer Holding Group. According to the American broadcaster CBS Sports, the company would have released 2.7 billion pounds, equivalent to 18 billion reais, for the negotiation. The Saudis studied at Cass Business School and spent three years working for Deutsche Bank. Alkheriji would not have ties to the Saudi government, one of the impediments to negotiating teams in English football.

The proposal of 2.7 billion pounds, just under the 3 billion intended by Abramovich, would also involve a renovation of Stamford Bridge, the club’s stadium, and investments in women’s football. The size of Saudi’s fortune is not known for sure, but the group he controls is the largest media representative in the Middle East and also has businesses in advertising, hospitality and sports.

According to CBS, Alkhereiji does not yet have bank guarantees for the deal, but one of his partners would be Mohammed bin Khalid Al Saud, one of the directors of Saudi Telecom Company (STC), the country’s state-owned telecommunications company. Al Saud does have ties to the Saudi government, and STC cannot officially enter the business. or Chelsea at the Club World Cup last month.

The Saudi group’s proposal is one of 20 interested in buying the current champions of the Champions League and FIFA Club World Cup, according to the BBC. In addition to Alkhereiji, British real estate investor Nick Candy. The billionaire said on Monday he was in advanced talks with potential partners, including British businessman Martin Broughton, about teaming up to run for Chelsea. The two men are among a growing list of suitors around the West London team, whose sale was complicated by the sanction of its Russian owner Roman Abramovich last week.

Both Candy and Broughton are Chelsea fans. Candy said he expects the club to be sold within two months.

“This deal will be done long before the start of the new season,” Candy said. He said he would not be “the funder with the biggest check” in the consortium, but he was the person who could bring everyone together for a successful bid. Broughton is a former chairman of Liverpool Football Club who helped pave the way for the club’s acquisition by Fenway Sports Group in 2010.

The Raine Group, a consultancy that handles the sale of the London club, sent a statement to interested parties in the purchase of the club assuring that the sale process would proceed normally, despite the sanctions on Abramovich’s assets, with Chelsea one of the main ones. According to the BBC, there are about 20 interested in buying the football team.

Chelsea property developer and potential new owner Nick Candy had told the club’s fans he would give them a board seat if he takes control of the Blues. The 49-year-old childhood Chelsea fan is in talks with financiers about his offer to buy the club before the deadline for offers at the end of this week.

Candy is reportedly keen to make his proposal for fans to have a “golden share” central to his bid for Chelsea, while also offering to provide short-term financing to the club if they face a cash crunch after the sanction of Roman Abramovich.

The Raine Group, a consultancy that handles the sale of the London club, sent a statement to interested parties in the purchase of the club assuring that the sale process would proceed normally, despite the sanctions on Abramovich’s assets, with Chelsea one of the main ones. According to the BBC, there are about 20 interested in buying the football team.

Chelsea’s world was turned upside down on Thursday following the announcement that the UK government had imposed multiple sanctions on Abramovich because of his relationship with Russian President Vladimir Putin.

As a result, the Blues have been placed under lockdown and are only allowed to operate on a strict basis until the situation is resolved.

The club can still play games, but cannot sell tickets or open the club store to sell merchandise. There is also a block on buying and selling players, as well as negotiating contract renewals.

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