The blues fans were happy with the potential takeover by the Saudi Media Group because of their financial prowess and their tendency of injecting monies into their respective teams.
The Saudi bidders were told their offer has not been taken forward to the shortlist stage, the PA news agency understands.
New York merchant bank The Raine Group has begun the process of informing the prospective buyers of Chelsea of the status of their bids.
And it appears that the Saudi bid is the first to fall short.
SMG director Khalid Al Khudair, involved in the Saudi takeover, has shared their disappointment after failing with their takeover bid to buy Chelsea. He later confirmed their disappointment on Twitter.
— خالد وليد الخضير (@KhalidAlKhudair) March 24, 2022