An eye-watering £2.7billion offer from Saudi Arabia to purchase Chelsea Football Club has been submitted, according to reports.
There's been huge interest in the club ever since Roman Abramovich announced his intention to sell on March 3.
And Ben Jacobs of CBS Sports says Saudi Media Group have submitted the £2.7bn (around $3.5bn) offer for Chelsea.
Spearheading the bid is Saudi Media Group owner Mohamed Alkhereiji, a Chelsea fan leading a private consortium with no direct government links, Jacobs adds.
Alkhereiji is CEO of Saudi Media Group's parent company Engineer Holding Group, founded by his father, Abdulelah Alkhereiji.
He has ties to the UK, having studied at the Cass Business School in London and also spending three years working at Deutsche Bank.
There's been huge interest in the club despite sanctions being placed on Abramovich by the UK government amid Russia's invasion of Ukraine.
British property tycoon Nick Candy has made his interest in purchasing the club known, while ex-Liverpool chairman Sir Martin Broughton is also reported to be compiling a bid for the club.
Several American billionaires are rumoured to be interested in snapping up Chelsea, including New York Jets owner Woody Johnson. Swiss billionaire Hasnjorg Wyss is also said to be interested.
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