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Saudi Media Group 'submit £2.7bn bid for Chelsea'

:Headline: Saudi Media Group 'submit £2.7bn bid for Chelsea':
The Saudi Media Group allegedly make an approach to buy Chelsea, putting together a package worth £2.7bn.
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Saudi Media Group have reportedly put together a proposal worth £2.7bn to buy Premier League club Chelsea.

As a result of government-imposed sanctions, owner Roman Abramovich does not stand to benefit from any sale, but it has been suggested that the government may be prepared to allow a change of ownership go through.

A number of candidates have emerged, including supporter and British property tycoon Nick Candy, but it appears that he faces strong competition from the Middle East.

According to CBS Sports, an offer of £2.7bn has been submitted, short of Abramovich's initial valuation but one which will not be ignored by the relevant parties.

The report claims that owner Mohamed Alkhereiji is a Chelsea fan and is head of the consortium which will look to win the race for the West Londoners.

Earlier on Monday, it was revealed that a deadline for offers had been extended until Friday.

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Premier League Table
TeamPWDLFAGDPTS
1Arsenal28204470244664
2Liverpool28197265263964
3Manchester CityMan City28196363283563
4Aston Villa29175760421856
5Tottenham HotspurSpurs28165759421753
6Manchester UnitedMan Utd28152113939047
7West Ham UnitedWest Ham2912894650-444
8Brighton & Hove AlbionBrighton2811985044642
9Wolverhampton WanderersWolves28125114244-241
10Newcastle UnitedNewcastle281241259481140
11Chelsea27116104745239
12Fulham29115134344-138
13Bournemouth2898114152-1135
14Crystal Palace2878133348-1529
15Brentford2975174154-1326
16Everton2887132939-1025
17Luton TownLuton2957174260-1822
18Nottingham ForestNott'm Forest2967163551-1621
19Burnley2945202963-3417
20Sheffield UnitedSheff Utd2835202474-5014
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