Arab Prince Linked With Liverpool Investment
The financial difficulties being experienced by the Reds’ owners George Gillett and Tom Hicks have been well documented with the American duo reportedly willing to negotiate the sale of a significant percentage of shares in the Anfield club.
Arabian newspaper reports are now claiming that Fahd bin Abdullah, chairman of F6, a Saudi-based marketing and investment company, is close to securing 50 per cent of the shares in the unnamed club, largely understood to be Liverpool.
“We are currently seeking to buy 50 per cent of the shares in the club which is now suffering with debts worth £245 million,” Abdullah is quoted as saying by Saudi newspaper Al-Riyadh.
“The transaction, upon which a decision is close to be reached, will be worth 200 to 350 million pounds.”
Manchester City are the outstanding example of an English club benefiting from Arab investment with the Abu Dhabi United Group funding the signings of the likes of Emmanuel Adebayor, Gareth Barry, Carlos Tevez and Robinho.