Who Is Mohammed El Khereiji? Potential Chelsea Buyer – Plan To Renew Rudiger’s contract and rebuild Stamford Bridge – What We Know!

Who Is Mohammed El Khereiji? Potential Chelsea Buyer - Plan To Renew Rudiger's contract and rebuild Stamford Bridge

Who Is Mohammed El Khereiji? Potential Chelsea Purchaser – The Saudi Media Group’s proposal for Chelsea consists of intentions to renovate Stamford Bridge and prolong the contracts of necessary gamers like Antonio Rudiger and Cesar Azpilicueta.

The committee isn’t simply involved with making certain that the senior males’s workforce continues to compete for essentially the most prestigious awards.

Saudi Media additionally plans to proceed spending extensively within the London membership’s academy, in addition to the ladies’s squad, at Cobham Coaching Centre.

Who Is Mohammed El Khereiji? Potential Chelsea Purchaser

Mohamed Al-Khereiji was not too long ago appointed as chairman of the board of administrators at MBC Media Options (MMS).

MMS, a brand new in-house business and promoting gross sales unit, was launched in partnership between MBC Group, the most important and main media firm within the MENA area, and Engineer Holding Group (EHG), a outstanding Saudi media group that has been working within the Kingdom for greater than 40 years.

Al-Khereiji obtained a bachelor’s diploma in finance from Prince Sultan College in 2006. Six years later he obtained an government grasp’s diploma of enterprise administration from the London-based Enterprise College, previously Cass.

From 2006 to 2007 he labored as an analyst for Deutsche Financial institution in London. From 2009, and for practically 4 years, he was director of enterprise improvement at Al Arabiya earlier than changing into its deputy CEO in 2013. Three years later he turned the CEO of the corporate, which some market experiences listed as one of many prime international out of doors promoting corporations in 2019.

Al-Khereiji has additionally been vp of the Abdulelah Al-Khereiji Group, which was based in 1980.

He’s additionally CEO of Al-Wasael Al-Saudia, a media and promoting firm that not too long ago gained a bid to function the stadium of King Saud College.

In 2017 he was chosen to go the promoting committee on the Riyadh Chamber of Commerce and Business.

In September MBC Group acquired a minority fairness stake in Al Arabiya which is a part of EHG, the place Al-Khereiji is CEO.

Who’s behind the Saudi Media bid?

The person spearheading the bid is Mohamed Alkhereiji, who runs Saudi Media and is the CEO of the mum or dad firm Engineer Holding Group, which was based by his father Abdulelah AlKhereiji.

Alkhereiji has frolicked dwelling in the UK, the place he attended Cass Enterprise College and spent three years working at Deutsche Financial institution.

He was at Chelsea’s 3-1 win over Arsenal in 2017, the sport wherein Eden Hazard famously dribbled half the size of the pitch earlier than scoring.

Coincidentally, he was additionally current the final time Abramovich made an look at Stamford Bridge, for the 1-1 draw with Manchester United in November.

Alkhereiji and his youngsters are Chelsea followers, which is why he’s so eager to amass the membership.

Nevertheless, he primarily helps Saudi Arabian outfit Al Nassr, for whom he constructed a brand new, state-of-the-art stadium in Mrsool Park.

In addition to being concerned in Al Nassr, Saudi Media additionally works with Al Hilal, whom Chelsea confronted on the Membership World Cup final month.

How rich is Saudi Media?

Saudi Media is the most important media group within the Center East, and likewise has pursuits in promoting, hospitality, the banking sector and sports activities.

The corporate turns over $1 billion (£770 million) a 12 months, giving it scope to be a strong participant in English soccer.

It’s value noting, although, that Saudi Media’s takeover bid can be co-funded by a consortium of assorted different non-public backers from Saudi Arabia.

Would a Saudi Arabian bid be blocked?

Chelsea have discouraged “politically delicate” events from bidding for the membership however Saudi Media doesn’t consider it falls into that class.

Not like Newcastle United – who are actually owned by the Saudi Arabian state by way of the Public Funding Fund – Manchester Metropolis or Paris Saint-Germain, Saudi Media is a wholly non-public entity with no direct ties to a selected ruler or authorities.

Saudi Arabia’s report on girls’s rights, specifically, is a priority to many civil rights teams however SMC employs a lot of girls, whereas the nation has made reforms which have resulted within the feminine share of the workforce growing to 33.2 per cent.

Because it stands, the Premier League would have little purpose to dam any sale of Chelsea to Saudi Media, having accepted much more controversial takeovers previously.

What are Saudi Media’s plans for Chelsea?

They’re able to sort out the most important problem of rebuilding Stamford Bridge, which may price upwards of £1.5bn ($2bn).

Their earlier expertise constructing soccer stadiums and infrastructure is being touted as a key benefit of their bid, with their present connections in advertising and marketing and promoting additionally thought-about a serious asset when it comes to serving to to cowl the prices concerned in such an bold redevelopment mission.

Certainly, it’s believed that they will entice essentially the most profitable sponsors to the membership, and that is important as a result of Chelsea have lengthy had bother matching the business draw of Premier League rivals Manchester United, Manchester Metropolis and Liverpool.

Chelsea have already seen their principal shirt sponsor, telecoms firm Three, droop their take care of the membership, however Saudi Media are assured that they will safe a much bigger and higher settlement for the Blues.

The group additionally believes its possession, and intensive media retailers, would show extraordinarily useful when it comes to broadening the membership’s fanbase, given 70 p.c of the Center East inhabitants is below 30.

Saudi Media basically feels it could afford Chelsea far larger entry to an untapped market.

Ought to their bid show profitable, they’d additionally arrange academies within the area and use the ladies’s workforce to alter perceptions of how the game is perceived.

When can Chelsea exchange Abramovich as proprietor?

The UK Authorities has opened the bidding course of, with New York funding financial institution Raine Group having been employed by Roman Abramovich to promote the membership.

The deadline for a sale has been prolonged to 18 March, after delays brought on by the sanctions imposed upon Abramovich, together with the freezing of his belongings.

English billionaire Nick Sweet, and a group headed by Hansjorg Wyss and Todd Boehly, are amongst these all for buying Chelsea.