Bidders are already competing to take over Chelsea from embattled owner Roman Abramovich.
Abramovich’s assets in the UK were frozen by the government over a link with Russian President, Vladimir Putin who is responsible for the invasion of Ukraine.
The 55-year-old Chelsea owner had put the club for sale for £3bn, a club he had purchased for £140m in 2003.
The club’s stewardship was handed to a charity foundation before the UK announced the sanction on the club owner and six other Russian Oligarchs.
Abramovich says he intends to sell the club to someone or a group that will continue his policy of investing in the squad and redeveloping Stamford Bridge.
The club is now operating under a special license which is limiting revenue and shirt sponsorship.
Currently, three sponsors have suspended their partnership valued at over £40m yearly.
So far, the club has received bids from Saudi Media, a consortium led by US businessman Todd Boehly and Swiss billionaire Hansjorg Wyss.
Mohamed-Al Khereiji, the head of Saudi Media, has already made his intentions to acquire Chelsea known.
A Saudi private consortium led by Saudi Media made their interest known on Friday through Raine Group, a New York merchant bank contracted to find a buyer.
Saudi Media is the biggest media group in the Middle East.
A consortium led by US businessman Todd Boehly and Swiss billionaire Hansjorg Wyss made an offer to buy Chelsea from the Russian owner.
Boehly is a co-owner of Major League Baseball’s Los Angeles Dodgers and had attempted to buy Chelsea for £2.2bn ($2.88bn) two years ago.
According to Daily Telegraph, the latest bid had been submitted through Raine.
Vivek Ranadive, the owner of Sacramento Kings, an NBA side, is preparing a bid for Chelsea, according to Sportico.
In 2013, Ranadive purchased the NBA side for £407m, and they are a little above £2bn.
Muhsin Bayrak, a Turkish businessman has also submitted an offer to the West London club.
“We are negotiating the terms of the purchase of Chelsea with Roman Abramovich’s lawyers. We are in the negotiation phase for the signatures. We will fly the Turkish flag in London soon,” he reportedly said.
Among the aforementioned corporate entities and individual investors competing to take over Chelsea’s Abramovich, Saudi Media’s Mohammed Al-Khereiji is the most hyped.
In this article, TheVibely will share biography facts about the most hyped potential Chelsea buyer, Mohammed Al-Khereiji from Saudi Arabia.
| Real Name: | Mohammed El-Khereiji |
| Net Worth: | $2.7 billion |
| Salary: | $1 billion (£770 million) a year from Saudi Media |
| Source of Wealth: | Media |
| Profession: | Entreprenuer |
| Best Known For: | CEO of Saudi Media; Elkhereiji Group; Arabia Outdoor Advertising; Chairman of the Board of Directors of Saudi Media Company and MBC Advertising Solutions, and overall head of Al Mohandes Holding Group. |
| Born: | May 1971 |
| Age: | 50 |
| Country: | Saudi Arabia |
| Wife: | Unknown |
| Children: | Unknown |
| Residence: | Jeddah |
| Private Jet: | N666ML Boeing BBJ |
| Yacht: | TAIBA |
| Twitter: | @malkhereji |
| Instagram: | @malkhereiji |
Al-Khereiji runs Saudi Media and is the CEO of the parent company Engineer Holding Group.
Al-Khereiji is the Chief Executive Officer (CEO) of Arabia Outdoor Advertising, Chairman of the Board of Directors of Saudi Media Company and MBC Advertising Solutions, and overall head of Al Mohandes Holding Group.
Saudi Media is a private entity with no direct ties to a particular ruler or government, as it stands, the premier league would have little reason to block any sale to Saudi Media.
Mohamed Al-Khereiji was recently appointed as chairman of the board of directors at MBC Media Solutions (MMS).
MMS, a new in-house commercial and advertising sales unit, was launched in partnership between MBC Group, the largest and leading media company in the MENA region, and Engineer Holding Group (EHG), a prominent Saudi media group that has been operating in the Kingdom for more than 40 years.
According to Arab News, Al-Khereiji received a bachelor’s degree in finance from Prince Sultan University in 2006. Six years later he obtained an executive master’s degree in business administration from the London-based Business School, formerly Cass.
From 2006 to 2007 he worked as an analyst for Deutsche Bank in London. From 2009, and for nearly four years, he was director of business development at Al Arabiya before becoming its deputy CEO in 2013. Three years later he became the CEO of the company, which some market reports listed as one of the top global outdoor advertising companies in 2019.
Al-Khereiji has also been vice president of the Abdulelah Al-Khereiji Group, which was founded in 1980.
He is also CEO of Al-Wasael Al-Saudia, a media, and advertising company that recently won a bid to operate the stadium of King Saud University.
In 2017 he was selected to head the advertising committee at the Riyadh Chamber of Commerce and Industry.
In September MBC Group acquired a minority equity stake in Al Arabiya which is part of EHG, where Al-Khereiji is CEO.
The man spearheading the bid is Mohamed Alkhereiji, who runs Saudi Media and is the CEO of the parent company Engineer Holding Group, which was founded by his father Abdulelah AlKhereiji.
Alkhereiji has spent time living in the United Kingdom, where he attended Cass Business School and spent three years working at Deutsche Bank.
He was at Chelsea’s 3-1 win over Arsenal in 2017, the game in which Eden Hazard famously dribbled half the length of the pitch before scoring.
Coincidentally, he was also present the last time Abramovich made an appearance at Stamford Bridge, for the 1-1 draw with Manchester United in November.
Alkhereiji and his children are Chelsea fans, which is why he is so keen to acquire the club.
However, he primarily supports Saudi Arabian outfit Al Nassr, for whom he built a new, state-of-the-art stadium in Mrsool Park.
As well as being involved in Al Nassr, Saudi Media also works with Al-Hilal, whom Chelsea faced at the Club World Cup last month.
Alkhereji is mostly found around Riyadh, Kingdom of Saudi Arabia. He was born in May 1971. He is married.
Saudi Media is the biggest media group in the Middle East, and also has interests in advertising, hospitality, the banking sector, and sports.
The company turns over $1 billion (£770 million) a year, giving it scope to be a powerful player in English football.
It is worth noting, though, that Saudi Media’s takeover bid will be co-funded by a consortium of various other private backers from Saudi Arabia.
Chelsea has discouraged “politically sensitive” parties from bidding for the club but Saudi Media does not believe it falls into that category.
Unlike Newcastle United – which is now owned by the Saudi Arabian state via the Public Investment Fund – Manchester City or Paris Saint-Germain, Saudi Media is an entirely private entity with no direct ties to a particular ruler or government.
Saudi Arabia’s record on women’s rights, in particular, is a concern to many civil rights groups but SMC employs a large number of women, while the country has made reforms that have resulted in the female share of the workforce increasing to 33.2 percent.
As it stands, the Premier League would have little reason to block any sale of Chelsea to Saudi Media, having accepted far more controversial takeovers in the past.
They are ready to tackle the major challenge of rebuilding Stamford Bridge, which could cost upwards of £1.5bn ($2bn).
Their previous experience building football stadiums and infrastructure is being touted as a key advantage of their bid, with their existing connections in marketing and advertising also considered a major asset in terms of helping to cover the costs involved in such an ambitious redevelopment project.
Indeed, it is believed that they can attract the most lucrative sponsors to the club, and this is significant because Chelsea has long had trouble matching the commercial draw of Premier League rivals Manchester United, Manchester City, and Liverpool.
Chelsea has already seen their principal shirt sponsor, telecoms company Three, suspend their deal with the club, but Saudi Media is confident that they can secure a bigger and better agreement for the Blues.
The group also believes its ownership, and extensive media outlets, would prove extremely beneficial in terms of broadening the club’s fanbase, given 70 percent of the Middle East population is under 30.
Saudi Media essentially feels it would afford Chelsea far greater access to an untapped market.
Should their bid prove successful, they would also set up academies in the region and use the women’s team to change perceptions of how the sport is perceived.
He wants Chelsea Football Club to keep winning and hence has plans to renew contracts of key players including Antonio Rudiger and Cesar Azpilicueta.
Al-Khereiji also wants to heavily invest in Men’s, Women’s, and Academy teams. They will also review Three’s sponsorship, as a powerhouse of Middle East advertising
The Chief of Saudi Media, Mohammed Al-Khereiji has an estimated net worth of over $2.7 Billion. He is considered one of the richest Arabs in the world. His sources of income are his media companies, and other businesses he heads in Saudi Arabia and around the world. However, the total net worth of Saudi Media is unknown.
He is the owner of the yacht TAIBA, according to Super Yacht Fan. She was built at Palumbo in 2015. He lives with his wife in a large mansion in Jeddah.
The UK Government has opened the bidding process, with New York investment bank Raine Group having been employed by Roman Abramovich to sell the club.
The deadline for a sale has been extended to 18 March, after delays caused by the sanctions imposed upon Abramovich, including the freezing of his assets.
Twitter: @malkhereji
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