Sad News for Chelsea as Saudi Media Group consortium falls out of the running to buy Chelsea.
It was joy for some Chelsea fans before when the Saudi Media group was involved in the run to acquire the club but now they just fell out of the running and this is considered a bad news for so e Chelsea fans.
They have been told that their offer has not been taken forward to the shortlist stage.
Raine Group which is handling the sales and bidding of the buyers has started the process by informing the prospective buyers of Chelsea of the status of their bids.
The Saudi offer is the first to have fallen off as reports said.
A Chelsea fan had fronted the Saudi consortiums bid but concerns over possible delay with the EPL and UK Government will have factored into Raine decision.
Although the Saudi Media has insisted its offer was completely separate from the Saudi Arabia state but the long running issues around the Saudi takeover at Newcastle will have played a role in Raine consideration of the offer to buy Chelsea.
The government and EPL will have oversight on Chelsea sale in light of Abramovich sanctions.
Todd Boehly is among the top runners of Chelsea sale with the Ricketts family also in the run but facing serious backlash from Chelsea supporters over Racist comments in a leaked email.
There are a lot of other people who are still running for this sale but we will not be able to list them all here.