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Competing bids to go head-to-head for ownership of Chelsea


Under fire Premier League giants Chelsea is set to be the target of two competing bids as the club could be on the cusp of securing new leadership at the top amid the ongoing sanctions placed on current owner Roman Abramovich.

The Russian oligarch has come under heavy fire from EU sanctions due to his direct ties with Vladimir Putin, with both UEFA and the English FA following in lock-step with government restrictions and limits that are being placed on the oil magnate.

Chelsea has been up for sale as Abramovich is no longer capable of leading the club, and now Saudi Media is set to go head-to-head with South Korean conglomerate bid comprised of holding firm Hana Financial Group and C&P Sports Limited.

What both bids bring to the table for Chelsea

The platform of the bid for Saudi Media is a credible one, as quoted by Kinsella. The bid to buy Chelsea "includes plans to redevelop Stamford Bridge and renew the contracts of key players such as Antonio Rüdiger and Cesar Azpilicueta. The group isn't just concerned with ensuring that the men's senior squad continues to compete for the biggest trophies either. Saudi Media also intends to continue investing heavily in the London club's academy at Cobham Training Centre, as well as the women's team."

"We are preparing our bid. There has never been investment into a top-tier football club made by South Korean capital before. It is time for a change."




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