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The Saudi billionaire failed, the race to buy Chelsea is about to end

(Dan Tri) – Saudi Media group of billionaire Mohamed Alkhereiji has failed to buy Chelsea club. The race to buy back the top British team is coming to an end.

A week has passed since the deadline for investors to submit bids to buy Chelsea. Bank Raine Group (a partner authorized by billionaire Abramovich to find a partner) has worked hard to filter out the best profiles.

The Saudi billionaire failed, the race to buy Chelsea is coming to an end - 1

Only two partners compete to buy Chelsea (photo: The Sun).

Billionaire Abramovich’s asking price for Chelsea is about £3 billion. Until now, the race to buy back the club is about to end when only two investors make it to the final list, the group of former British MP, Sebastian Coe and the alliance of two billionaires Todd Boehly & Hansjorg Wyss.

In particular, Mr. Sebastian Coe’s group includes investors such as former Liverpool chairman, Martin Broughton and two American billionaires, Josh Harris and David Blitzer (who own the American basketball club Philadelphia 76ers).

However, according to the alliance of two billionaires Todd Boehly and Hansjorg Wyss, it is more dominant. Mr. Todd Boehly is considered a “tycoon” sport in the US when owning a large number of shares in big teams like LA Lakers (basketball) and LA Dodgers (baseball). Besides, he is also the owner of the LA Sparks women’s basketball team. Meanwhile, Swiss billionaire Hansjorg Wyss has never been involved in the sports business, but he is a “horned and beaked” figure in the medical equipment manufacturing industry.

The Saudi billionaire failed, the race to buy Chelsea is coming to an end - 2

The bid of the Saudi billionaire, Mohamed Alkhereiji has been eliminated from the race (photo: The Sun).

A series of other bright candidates have been eliminated from this race. Among them is the Saudi Media group of billionaire Mohamed Alkhereiji (Saudi Arabia). Despite submitting bids to £2.7 billion, this Saudi billionaire still failed.

In addition, there are a few other bright faces such as Woody Johnson (a close friend of former US President Donald Trump), Turkish billionaire Muhsin Bayrak, British billionaire Nick Candy or the US Ricketts family.

In total, over the past time, Raine Group bank has received 30 bids for the sale of Chelsea. The deadline for them to announce the new owner of Chelsea is May 30. After this time, if the owner cannot be found, the club will be transferred to the British Government for management.

In this case, billionaire Abramovich will not get any money because his assets are being frozen by the British Government. The proceeds from the sale of Chelsea will be given to the British Government to be distributed somewhere.

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