Why Premier League could reject the Saudi Media Group: According to CBS Sports’ Ben Jacobs, a private group led by Mohamed Alkhereiji from the Saudi Media Group has made a £2.7 billion offer to acquire Chelsea.
Alkhereiji is the CEO of Saudi Media’s parent firm, Engineering Holding Group, which was founded by his father Abdulelah. He is a Chelsea supporter, according to reports.
According to Jacobs, the offer has no direct ties to the Saudi Arabian government.
Because the Saudi Arabian Private Investment Fund currently owns 80% of Newcastle United, this will be crucial.
Mohammed bin Khalid Al Saud, a member of the Saudi royal family, has aided Alkhereiji in finding finance and a partner, according to Jacobs, but he does not give any financial support.
The Saudi Media group is also sure that they are not “politically sensitive,” as Goal recently reported because their organization is made up of private investors.
So far, it appears promising, but proving that there is no connection to the Saudi Arabian government might be difficult.
If the proposal is accepted, Jacobs stated that “there is a feeling” that Turki Al-Sheikh, an adviser at the Saudi Arabian court, will be involved.
This assertion is still being refuted, but the journalist stressed that a name like this will raise doubts about the Saudi Arabian government’s possible involvement.
Al-Sheikh is a well-known figure in Saudi Arabian football, having served as chairman of the Islamic Solidarity Sports Federation in the past. In addition, he is the owner and chairman of UD Almeria, a team that competes in Spain’s second tier.
Why Premier League could reject the Saudi Media Group – Jacob
So far, Alkhereiji is the only name cited in any stories about the Saudi Media Group’s Chelsea offer, and it’s unknown how many people are part of the rumored consortium.
Jacobs also feels that if the Saudi Media Group is chosen as the preferred bidder, the selling process would take longer.