• Loading stock data...
Friday, August 1, 2025
Tuned In returns to NYC on September 16. Hear from the biggest names in sports media. Click here to get your spot

Saudi Media Group Reportedly Offers $3.5B For Chelsea

  • Saudi Media Group — run by Chelsea fan Mohamed Al Khereiji— has emerged as the club’s latest bidder, per CBS Sports.
  • The group has reportedly offered $3.5 billion.
Chelsea-FC
Chelsea FC/Design: Alex Brooks

Saudi Media Group — run by Chelsea fan Mohamed Al Khereiji — has reportedly emerged as the club’s latest bidder.

The group has offered $3.5 billion, according to CBS Sports. Saudi Telecom Company chair Mohammed bin Khalid Al Saud is reportedly helping to fund the bid.

The Saudi Media Group is just one of many prospective buyers who have surfaced — including Los Angeles Dodgers part-owner Todd Boehly. As of last week, one report suggested there were at least 20 bidders.

  • After Russia invaded Ukraine, billionaire Russian owner Roman Abramovich tried to sell the team himself for about $4 billion. Forbes valued it at $3.2 billion.
  • In a round of sanctions on Thursday, the British government seized Abramovich’s assets — including the club.
  • While the sale was initially paused, The Raine Group, which is facilitating it, got approval to reopen the bids until March 18, according to multiple reports.
  • But there’s a catch: Abramovich must prove he personally won’t make money from the transaction, according to The Athletic.

A sale could be finalized within four-to-six weeks, per The Athletic. In the meantime, however, the club has a license to remain operational until May 31, despite the sanctions.

Financial Woes

Until the club is sold, it faces a complex financial situation.

The British government has seized ticket sales and merchandise revenue. And the team is also hemorrhaging sponsors: Hyundai and Three have already suspended business with Chelsea, along with its charity partner, Plan International.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Chelsea Wins $110M in FIFA’s Revamped $1B Club World Cup

Chelsea defeated Paris Saint-Germain in Sunday’s final match.

U.K. Appoints New Soccer Regulator, EPL Matches Stay Behind Paywall

Men’s soccer in England will receive new levels of oversight.
Jul 8, 2025; East Rutherford, New Jersey, USA; Chelsea FC forward Pedro Neto (7) applauds fans after a semifinal match of the 2025 FIFA Club World Cup at MetLife Stadium.

Trump to Attend Club World Cup Final

Chelsea will face Real Madrid or Paris Saint-Germain on Sunday.

Featured Today

Las Vegas sign

College Sports Embracing Vegas After Years of Cold Shoulder

The Big Ten became the latest newcomer to Sin City.
2000, Jupiter, FL, USA; FILE PHOTO; Montreal Expos pitcher Hideki Irabu in action on the mound against the New York Mets at Roger Dean Stadium during Spring Training
July 28, 2025

Dead Sports Franchises Are Alive and Well on Twitter

The Expos, Sonics, and Whalers have active social media accounts.
Limited Hype
July 27, 2025

Sneaker Reselling Was Once Easy Money. Success Is Now Complicated

Vendors need to evolve what they’re selling and how they do it.
HAPPY GILMORE 2. BTS - (L to R) Adam Sandler as Happy Gilmore and Rory McIlroy as himself on the set of Happy Gilmore2.
July 26, 2025

‘Cool As Hell’: How ‘Happy Gilmore 2’ Hooked Golf’s Top Stars

The process was “cool as hell,” Adam Sandler tells FOS.
Apr 26, 2025; San Francisco, California, USA; Houston Rockets guard Fred VanVleet (5) before game three of first round for the 2024 NBA Playoffs against the Golden State Warriors at Chase Center.

Rockets Get $20 Million in Wiggle Room From New VanVleet Deal

VanVleet first signed with the Rockets in 2023.
April 20, 2025

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
June 24, 2025

Timberwolves’ 4-Year Ownership Saga Ends As A-Rod, Lore Take Over

The unanimous approval brought a clean end to a long-disputed transaction.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.
March 20, 2025

Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market

Maxx Crosby just signed a three-year, $106.5 million extension.
March 4, 2025

Eagles Make Saquon Barkley NFL’s Highest-Paid Running Back Ever

Barkley is coming off a historic 2024 season with the Eagles.