A Saudi Arabian group-led consortium has surfaced as a potential buyer of Chelsea, claiming to have made the highest proposal so far of £2.7 billion reports the British tabloid The Mirror.

I can confirm Saudi Media Group have made a £2.7bn ($3.5bn) offer to buy Chelsea. Mohamed Alkhereiji is a Chelsea fan and leading a private consortium. No direct government links.

— Ben Jacobs (@JacobsBen) March 14, 2022

A company called the Saudi Media Group is said to be behind the bid. The Saudi Media Group is a subsidiary of the Engineer Holding Group that’s led by Mohamed Alkhereiji. Many claim Alkhereiji to be a Chelsea fan.

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Now, that’s a big plus for the fans of the club, isn’t it? Fans clearly are happy.

Saudi bidder is a Chelsea fan pic.twitter.com/JnOnFgE7KR

— ✈️ (@Arrizabalager) March 12, 2022

Anyway, what’s interesting to note is that Alkhereiji’s company was behind the construction of the new state-of-the-art stadium for Riyadh-based Al Nassr FC. So if this deal does go through considering the sizeable amount they’re offering Russian billionaire Roman Abramovich an upgraded stadium could be in the works.

There are a couple of other bids circulating in tabloids but the offers are nowhere close to the £2.7 billion that the Saudi Media Group is reportedly offering.