Saudi Media Company Bids For Chelsea Fc

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Saudi Media Company Bids For Chelsea Fc

Saudi Media Company Bids For Chelsea FC

Middle East Saudi Media company made an offer of 2.7 billion pounds to Chelsea football club following the quit of Roman Abramovich due to sanctions by the United Kingdom government.

The Premier League club spends more than the earnings. The spending made last season was nearly 156 million pounds. Since 2003,Roman Abramovich has loaned 1.5 billion pounds to the club.

Mohamed Alkhereiji, the owner of Saudi Media, is a fan of Chelsea FC and he is leading a consortium for it. CBS Sports report he is the CEO of the media's parent company the Engineer Holding Group which was founded by his father.

Meanwhile, the club is planning to sign Paulo Dybala and the deal will be a free transfer from the Juventus football club this summer. Contract of the 28-year-old with the Serie A club is to expire during the same period. It is simultaneously reported that Atletico Madrid and Inter Milan are interested in Dybala.

Even though Chelsea is presently under restrictions imposed by the UK government, it is pressing ahead with the summer transfer plans assuming they may operate normally after the takeover is completed.

About Chelsea Football Club

Chelsea Football Club was founded in March 1905 and is nicknamed as The Blues. The owner Roman Abramovich has offloaded due to the UK government restrictions and a Saudi media giant is bidding to acquire it.

The English professional club is based in West London's Fulham in the UK and competes in the top English football division Premier League. it has won 8 FA Cups, 6 league titles, 4 FA Community Shields and 5 League Cups. It is the only English club that has grabbed three UEFA trophies.

Chelsea's home ground is Stamford Bridge. It won its first major honor in 1955, the League championship. In 1970, it first won the FA Cup and simultaneously the first European honor. A year later, it grabbed the Cup Winners' Cup.

Stamford Bridge ground was opened in April 1877 and the London Athletic Club used it for 28 years. Brothers Gus Mears and Joseph acquired it in 1904. The two businessmen bought nearby land to stage football matches. Popular football architect Archibald Leitch designed the stadium.

The stadium was able to house about 100,000 spectators. It became the second largest stadium in the country after Crystal Palace. A modernization work was carried out in the early 1970s to make it a state-of-the-art stadium.

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