Prince Faisal’s £350m Slice Of Kop Pie

Prince_Faisal_bin_F_897608aA Saudi prince claims he is close to buying a 50 per cent stake in Liverpool – for up to £350million.

Prince Faisal bin Fahd bin Abdullah al-Saud told a Saudi newspaper that an agreement has been reached with the club’s American owners.

The tycoon – who chairs the F6 sport investment firm – was quoted as saying: “We are seeking to own a 50 per cent stake in the club.

“The value of the transaction, which is nearing resolution, will be between £200m and £350m.”

But a source close to Tom Hicks, who co-owns Liverpool with fellow US tycoon George Gillett, said he is only prepared to sell a 25 per cent stake in order to raise £100m and is unaware of Prince Faisal’s so-called deal.

Reports claimed that the deal would include plans for football academies in Europe and the Middle East to give Liverpool a larger pool of talent.

Liverpool are reported to be £245m in debt but the Americans have been working hard to reduce that while still keeping the club competitive in the Premier League.

The pair paid £60m when the loan they used to buy the club expired last year and manager Rafa Benitez has been heavily backed in the transfer market.

Prince Faisal was seen at Anfield on Saturday for Liverpool’s 6-1 win over Hull as prize asset Fernando Torres netted a hat-trick.

Liverpool are third on goal difference in the Premier League.

If a deal with Prince Faisal goes through it would follow Sheikh Mansour’s Manchester City takeover as the latest Prem buy-up by Middle Eastern businessmen.

The Sun

~ by footballdirecta on September 28, 2009.

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