Saudi bid for Chelsea nobbed

The Premier League club Chelsea, which needs to be sold due to the sanctions against the owner Roman Abramovich, has not yet got a new owner.

However, a bid from a Saudi company has been nobbed, according to British media.

The club is valued at at least SEK 20 billion – but can not be sold to anyone. Any new owners must be approved by both the club and the British government, as part of the sanctions against the Russian owner, oligarch Roman Abramovich, with links to Vladimir Putin, following Russia’s invasion of Ukraine.

Until last week, they received bids for the club and now they have chosen to turn down an offer from Saudi Media Group, British media reports. This is despite the fact that the company, according to its own statement, must be completely decoupled from the Saudi state.

Other stakeholders have been stated to be the Ricketts family, the investment company Aethel Partners and the real estate magnates Todd Boehly and Nick Candy, among others.

Abramovich is not allowed to make a profit on the deal due to the sanctions, where his assets are frozen.

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