For the latest from the pitch sign up for our football newsletter
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.
We'll be bringing you the very latest updates, pictures and video on this breaking news story as it unfolds.
For all the latest news, make sure you visit: dailystar.co.uk/sport/football
And you can stay up to date with all the must-see headlines, pictures, analysis, opinion and video on the stories that matter to you.
Don't forget to follow us on Twitter @DailyStar_Sport – the official Daily Star & dailystar.co.uk Sport Twitter account – providing real news in real time.
We're also on Facebook @DailyStarFootball – offering unmissable news, features, videos and pictures throughout the day for you to like, comment and share from the Daily Star, Daily Star on Sunday and dailystar.co.uk.
- Chelsea FC
- Premier League
- Roman Abramovich
- Breaking News
- Vladimir Putin
Source: Read Full Article