Chelsea have received a monstrous £2.7bn ($3.5bn) offer from Saudi Media Group, according to reports.
Ben Jacobs of CBS Sports reports that the Saudi Media Group have made a massive offer after outgoing Blues owner Roman Abramovich put the club up for sale.
Mohamed Alkhereiji is a Chelsea fan and leading a private consortium, with no direct government links.
In another tweet, Jacobs added: “There is is support in finding funding and partners (but not financial backing as far as I am told) from Mohammed bin Khalid Al Saud. What’s interesting about Khalid Al Saud is he’s also chair of Saudi Telecom Company (STC).”
Alkhereiji was in attendance for Chelsea’s 1-1 draw with Manchester United last year.
He has previously lived in the UK, where he attended the Cass Business School in London.
The 50-year-old also has ties with Saudi football clubs Al Nassr and Al Hilal.
The Premier League giants have attracted plenty of interest since Abramovich put the club up for sale.
Several American billionaires are rumoured to be interested in snapping up the club, including New York Jets owner Woody Johnson.
But they face competition from Saudi Arabia, with Saudi Media Group entering the bidding war for Chelsea.
Of course, Newcastle United became the richest club in the world after they were bought for £300 million by a consortium led by Saudi Arabian government’s sovereign wealth fund.