A Saudi company has reportedly submitted a massive £2.7 billion bid to buy Chelsea Football Club after its owner Russian billionaire Roman Abramovich put the West London side up for sale last week. This offer is reportedly led by Chelsea ‘fan’ Mohamed Alkhereiji, the chairman of the Saudi Media Company (SMC). The SMC is one of the largest media companies in Saudi Arabia and is the exclusive media sales representative for Saudi Research and Media Group (SRMG) – a company that has heavily invested in The Independent and the Evening Standard. The New Arab has reached out to the SRMG for comment. …

Read More