Who Is Mohammed El Khereiji? Potential Chelsea Buyer – The Saudi Media Group’s proposal for Chelsea includes intentions to renovate Stamford Bridge and extend the contracts of important players like Antonio Rudiger and Cesar Azpilicueta.
The committee isn’t just concerned with ensuring that the senior men’s team continues to compete for the most prestigious awards.
Saudi Media also plans to continue spending extensively in the London club’s academy, as well as the women’s squad, at Cobham Training Centre.
Who Is Mohammed El Khereiji? Potential Chelsea Buyer
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.
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 of business administration from the London-based Business School, formerly Cass.
the Saudi ?? bidder is a Chelsea fan, his kids are Chelsea fans too, he also want to redevelop Stamford Bridge and renew player contracts, ya Allah ? pic.twitter.com/Sub9bW76gr
— Malik Ofori (@malikofori) March 12, 2022
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.
Who is behind the Saudi Media bid?
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.
Chelsea’s Potential NEW OWNER Mohammed Alkhereiji???? pic.twitter.com/J9ZhnWkWJx
— MILLAH ? (@rashmill95) March 12, 2022
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.
How wealthy is Saudi Media?
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.
Would a Saudi Arabian bid be blocked?
Chelsea have discouraged “politically sensitive” parties from bidding for the club but Saudi Media does not believe it falls into that category.
Unlike Newcastle United – who are 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.
تتوقعون نشوف الملعب فلّ?
خلونا نوصلها للـ 100% الليلة ???همتكم يا عالميين ??https://t.co/N7wjy6QWVt#النصر_الهلال#مرسول_بارك pic.twitter.com/g1LWdELyWh
— مرسُول بارك – Mrsool Park (@VictoryArena_sa) March 1, 2022
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 per cent.
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.
What are Saudi Media’s plans for Chelsea?
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 have long had trouble matching the commercial draw of Premier League rivals Manchester United, Manchester City and Liverpool.
Roman Abramovich has been disqualified as a director of Chelsea by the Premier League.
— GOAL News (@GoalNews) March 12, 2022
Chelsea have already seen their principal shirt sponsor, telecoms company Three, suspend their deal with the club, but Saudi Media are 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.
When can Chelsea replace Abramovich as owner?
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.
English billionaire Nick Candy, and a group headed by Hansjorg Wyss and Todd Boehly, are among those interested in acquiring Chelsea.
