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

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Saudi Media Group have shown they are serious about securing a deal to buy 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 have 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.

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