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Discuss this article (1 Comments)No agreement on Saudi deal to buy Liverpool FC stake
by This email address is being protected from spam bots, you need Javascript enabled to view it on Wednesday, 30 September 2009
IN TALKS: Prince Faisal bin Fahd bin Abdullah Al Saud, right, pictured at the Liverpool v Hull match on Saturday. (Getty Images)
No deal has yet been done with Saudi Arabian billionaire Prince Faisal bin Fahd bin Abdullah Al Saud to buy a stake in Liverpool FC, the club owners said on Wednesday.
Responding to recent speculation about the Premier League club's ownership structure, a spokesperson for US owners George Gillett and Tom Hicks said talks were "at an early stage" in a statement on the club's website.
The statement added: "The owners have jointly retained Bank of America Merrill Lynch and Rothschild to evaluate the possibility of new investors injecting equity into LFC. However, the process is at an early stage, there is no agreement with any party and reports to the contrary are wholly inaccurate."
Prince Faisal, who was at Saturday’s 6-1 win over Hull City at Anfield, has been in London "discussing the purchase", an official statement said on Monday.
On Sunday, it was reported that the prince was looking at a deal worth up to $558m.
Prince Faisal is chairman and CEO of F6, a Saudi-based investment and marketing company.
The firm said it was in direct talks with George Gillett, the American co-owner of Liverpool, to buy all or part of his stake in the team.
According to Reuters, F6 has signed a memorandum of understanding with the George Gillett Group for exclusive cooperation that would lead to opening Liverpool academies in the Middle East and North Africa and develop race tracks to introduce NASCAR motor racing to the Middle East.
READERS' COMMENTS
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Liverpool
Posted by Andrew Ainsley, London, England on Wednesday 30 September 2009 at 12:39 UAE time
I'm an avid liverpool supporter. But really the current owners need to be taught a lesson they'll never forget. For that matter the board who decided to sell to these Americans also need to learn. If i remember correctly, DIC were all set to buy Liverpool 2 or years ago. When towards the end, blinded by greed and stupidity, they decided to sell to Gillete and Hicks, as it was deemed a better deal as they were involved with sport clubs in the US. Look what a mess they've caused to this day. Nothing has improved under them, no new stadium, we've got more or less the same attack force as last season, and defence has gone down with the loss of Alonso. Gillette and Hicks want to hold out for more money, I hope the Sheikh doesn't give them more, in fact hang them out to dry until the value drops and then pay even less to take the entire club.
Owner of Newcastle was also blinded by greed. Bought the club for quite low, tried to sell it at an extortionate price. Club dropped out of the premiership, most star players left, and now not worth even half of what it was before.
Posted by Andrew Ainsley, London, England on Wednesday 30 September 2009 at 12:39 UAE time
I'm an avid liverpool supporter. But really the current owners need to be taught a lesson they'll never forget. For that matter the board who decided to sell to these Americans also need to learn. If i remember correctly, DIC were all set to buy Liverpool 2 or years ago. When towards the end, blinded by greed and stupidity, they decided to sell to Gillete and Hicks, as it was deemed a better deal as they were involved with sport clubs in the US. Look what a mess they've caused to this day. Nothing has improved under them, no new stadium, we've got more or less the same attack force as last season, and defence has gone down with the loss of Alonso. Gillette and Hicks want to hold out for more money, I hope the Sheikh doesn't give them more, in fact hang them out to dry until the value drops and then pay even less to take the entire club.
Owner of Newcastle was also blinded by greed. Bought the club for quite low, tried to sell it at an extortionate price. Club dropped out of the premiership, most star players left, and now not worth even half of what it was before.
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